Predecessor Common Securities definition

Predecessor Common Securities means the issued and outstanding common securities of the 2003 Trust.
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Predecessor Common Securities means the common securities of the 2007 Trust issued and outstanding immediately prior to the Effective Time.
Sample 1Sample 2Sample 3
Predecessor Common Securities means the issued and outstanding common securities of the 2004 Trust.
Sample 1Sample 2

Examples of Predecessor Common Securities in a sentence

  • Each certificate that immediately prior to the Merger evidenced Predecessor Common Securities shall thereafter evidence the Common Securities into which such Predecessor Common Securities shall have been converted.

  • As provided in the Agreement of Merger, at the Effective Time, each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which Common Securities, having a Liquidation Amount of $1,000 and having an aggregate Liquidation Amount of $10,000, shall be issued and outstanding immediately following the Merger.

  • At or after the Effective Time, upon the request of the Holder of any Trust Securities represented by a Predecessor Common Securities Certificate or Predecessor Apex Certificate issued prior to the Effective Time and surrender of such certificate, an Administrative Trustee shall cause Trust Securities Certificates of the applicable Series to be executed on behalf of the Issuer Trust and delivered to such Holder.

  • The Trust Securities Certificates (other than the Predecessor Preferred Securities Certificates and Predecessor Common Securities Certificates) shall be executed on behalf of the Issuer Trust by manual signature of at least one Administrative Trustee.

  • As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which Common Securities, having an aggregate Liquidation Amount of $4,021,000, shall be issued and outstanding immediately following the Merger.

  • As provided in the Agreement of Merger, at the Effective Time, each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which 10 Common Securities, having an aggregate Liquidation Amount of $10,000, shall be issued and outstanding immediately following the Merger.

  • As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which 10 Common Securities, having an aggregate Liquidation Amount of $10,000, shall be issued and outstanding immediately following the Merger.

  • The number of Capital Securities and Common Securities initially issued by the Trust shall be identical to that of the Predecessor Capital Securities and the Predecessor Common Securities of the 2003 Trust outstanding as of the Effective Time.

  • As provided in the Agreement of Merger, at the Effective Time each of the Predecessor Common Securities will be converted in the Merger into one Common Security, as a result of which Common Securities, having an aggregate Liquidation Amount of $9,279,000, shall be issued and outstanding immediately following the Merger.

  • The Trust Securities Certificates (other than Predecessor Capital Securities Certificates and Predecessor Common Securities Certificates) shall be executed on behalf of the Issuer Trust by manual signature of at least one Administrative Trustee.

Related to Predecessor Common Securities

  • Predecessor Company means an entity whose ownership, title and interest, including all rights, benefits, duties and liabilities were acquired in an uninterrupted chain of succession by the company.

  • Successor Capital Securities Guarantee Trustee means a successor Capital Securities Guarantee Trustee possessing the qualifications to act as Capital Securities Guarantee Trustee under Section 4.1.

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

  • Predecessor Certificate means a Predecessor Corporate Units Certificate or a Predecessor Treasury Units Certificate.

  • Successor Preferred Guarantee Trustee means a successor Preferred Guarantee Trustee possessing the qualifications to act as Preferred Guarantee Trustee under Section 4.1.

  • Predecessor Entity means a legal entity the existence of which ceased upon its acquisition by the Corporation in a merger or otherwise; and

  • Predecessor Debenture means every previous Debenture evidencing all or a portion of the same debt as that evidenced by such particular Debenture; and, for the purposes of this definition, any Debenture authenticated and delivered under Section 2.9 in lieu of a lost, destroyed or stolen Debenture shall be deemed to evidence the same debt as the lost, destroyed or stolen Debenture.

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Successor Company shall have the meaning specified in Section 11.01(a).

  • Successor Issuer has the meaning assigned to it in Section 4.1(a).

  • Other Common Securities Guarantees shall have the same meaning as "Other Guarantees" in the Common Securities Guarantee.

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

  • 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.

  • Common Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $25 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Predecessor Bond means, with respect to any particular Bond, every previous Bond evidencing all or a portion of the same debt as that evidenced by such particular Bond; and, for the purpose of this definition, any Bond authenticated and delivered under Section 2.06 in lieu of a mutilated, lost, destroyed or stolen Bond shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Bond.

  • Predecessor means an entity that is replaced by a successor and includes any predecessors of the predecessor.

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

  • 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.

  • Holder of Debt Securities or other similar terms means, a Person in whose name a Debt Security is registered in the Debt Security Register (as defined in Section 2.07(a)).

  • Successor Guarantee Trustee means a successor Guarantee Trustee possessing the qualifications to act as Guarantee Trustee under Section 4.1.

  • Corporation Securities means (i) shares of Common Stock, (ii) shares of Preferred Stock (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants, rights, or options (including options within the meaning of Treasury Regulation § 1.382-2T(h)(4)(v)) to purchase stock of the Corporation, and (iv) any other interest that would be treated as “stock” of the Corporation pursuant to Treasury Regulation § 1.382-2T(f)(18).

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

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

  • Common Securities Guarantee means the guarantee agreement to be dated as of [ ] of the Sponsor in respect of the Common Securities.

  • 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.

  • Investor Securities is defined in Section 2.1.