Examples of Company Preferred Securities in a sentence
The Trust Preferred Securities shall be redeemed only upon redemption of the Company Preferred Securities.
If the Grantor redeems the Company Preferred Securities in accordance with the LLC Agreement, then the Grantor shall give the Trustee at least 30 days' prior notice before doing so.
If at any time, the holders of Company Preferred Securities are entitled to vote under the LLC Agreement, the Trustee shall: (i) notify the Holders of the Trust Preferred Securities of such right, (ii) request specific direction from each Holder as to the vote with respect to the Company Preferred Securities represented by such Holder's Trust Preferred Securities, and (iii) vote the relevant Company Preferred Securities only in accordance with such specific direction.
A meeting of holders of Company Preferred Securities or Company Parity Preferred Securities will be called at the request of holders of 25% (based on the aggregate liquidation preference) of the Company Preferred Securities and any Company Parity Preferred Securities.
The Trustee shall only accept the redeposit of such Company Preferred Securities upon payment by such Holder of the Company Preferred Securities to the Trustee of all taxes and other governmental charges and any fees and expenses (including the fees and expenses of the Trustee and its counsel) payable in connection with such deposit and the transfer of the deposited Company Preferred Securities.