Existing Trust Preferred Securities definition

Existing Trust Preferred Securities means (i) the $3.375 Trust Preferred Securities, Series C issued by AES Trust III on October 7, 1999 and (ii) the $3.00 Trust Convertible Preferred Securities issued by AES Trust VII on May 17, 2000.
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Existing Trust Preferred Securities means the Company-obligated 6 1/2% Cumulative Quarterly Income Convertible Preferred Securities, Series A issued by Newfield Financial Trust I, a statutory business trust, on August 13, 1999, in an aggregate liquidation amount of $148.2 million.
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Existing Trust Preferred Securities means the fixed/floating preferred securities in an aggregate principal amount of $50,000,000 issued on or about June 17, 2005 by Equity Inns Statutory Trust, a wholly-owned subsidiary of Equity Inns Partnership, L.P., which mature on June 30, 2035.
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Examples of Existing Trust Preferred Securities in a sentence

  • Fidelity Bankshares Announces Refinancing of Existing Trust Preferred Securities West Palm Beach, FL, October 21, 2004 - Fidelity Bankshares, Inc.

  • Common Stock Percentage Ownership Existing Senior Noteholders 9,800,000 98% Existing Trust Preferred Securities Holders 200,000 2% 10,000,000 100.0% The foregoing ownership percentages are subject to dilution as a result of the exercise of Class A Warrants issued under the Plan and the issuance of shares, after consummation of the Plan, to Reorganized HMI management pursuant to Reorganized HMI's New Long-Term Incentive Plan.


More Definitions of Existing Trust Preferred Securities

Existing Trust Preferred Securities means (i) the $3.375 Trust Preferred Securities, Series C issued by AES Trust III on October 7, 1999, (ii) the $2.75 Term Convertible Securities, Series B issued by AES Trust II on October 29, 1996, (iii) the $2.6875 Term Convertible Securities, Series A issued by AES Trust I on March 24, 1997 and (iv) the Trust Preferred Securities issued by AES Rhinos Trust I, II and III on November 15, 1999.
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Related to Existing Trust Preferred Securities

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Non Book-Entry Preferred Securities shall have the meaning set forth in Section 2.4.

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Trust Securities means the Common Securities and the Capital Securities.

  • Series D Notes is defined in Section 1.

  • Class B Preferred Shares means class B preferred shares of Pembina;

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.

  • Preferred Securities Certificate means a certificate evidencing ownership of Preferred Securities, substantially in the form attached as Exhibit C.

  • Definitive Preferred Securities Certificates means Preferred Securities issued in certificated, fully registered form that are not Global Preferred Securities.

  • Hybrid Preferred Securities Subsidiary means any Delaware business trust (or similar entity) (i) all of the common equity interest of which is owned (either directly or indirectly through one or more wholly-owned Subsidiaries of the Company) at all times by the Company or a wholly-owned direct or indirect Subsidiary of the Company, (ii) that has been formed for the purpose of issuing Hybrid Preferred Securities and (iii) substantially all of the assets of which consist at all times solely of Junior Subordinated Debt issued by the Company or a wholly-owned direct or indirect Subsidiary of the Company (as the case may be) and payments made from time to time on such Junior Subordinated Debt.

  • Non Book-Entry Capital Securities shall have the meaning set forth in Section 2.05.

  • Covered Securities means any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a "security", or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the foregoing.

  • Preferred Securities Guarantee means any guarantee that the Company may enter into with the Trustee or other Persons that operates directly or indirectly for the benefit of holders of Preferred Securities.

  • Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.

  • Subordinated Securities means Securities that by the terms established pursuant to Subsection 2.3(9) are subordinated in right of payment to Senior Indebtedness of the Issuer.

  • Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Class B Preferred Stock means the Class B preferred stock, nominal value $1,000, of the Company.

  • Capital Securities Guarantee Trustee means The Bank of New York, a New York banking corporation, until a Successor Capital Securities Guarantee Trustee has been appointed and has accepted such appointment pursuant to the terms of this Capital Securities Guarantee and thereafter means each such Successor Capital Securities Guarantee Trustee.