Preferred Trust Security definition

Preferred Trust Security means a security representing an undivided beneficial interest in the assets of the Trust having a Liquidation Amount of $25 and having rights provided therefor in this Trust Agreement, including the right to receive Distributions, Debentures and a Liquidation Distribution as provided herein and, in certain circumstances, a preference over the Common Trust Securities.
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Preferred Trust Security shall have the meaning set forth in the Recitals to this Agreement.
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Preferred Trust Security has the meaning set forth in Section 8.01(a)(i) of this Trust Agreement.
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Examples of Preferred Trust Security in a sentence

  • Notice of all meetings of the Holders of Preferred Trust Securities, stating the time, place and purpose of the meeting, shall be given by the Administrative Trustees pursuant to Section 10.08 to each Holder of a Preferred Trust Security, at such Holder's registered address, at least 15 days and not more than 90 days before the meeting.

  • Notice of all meetings of the Holders of Preferred Trust Securities, stating the time, place and purpose of the meeting, shall be given by the Administrative Trustees pursuant to Section 10.08 to each Holder of a Preferred Trust Security, at his registered address, at least 15 days and not more than 90 days before the meeting.

  • The Underwriters have advised the Trust that the Preferred Trust Securities will be offered to the public at the amount per Preferred Trust Security as set forth in Schedule I hereto as the Price to Public and to certain dealers selected by the Representatives at a price which represents a concession.

  • Such Global Certificates shall initially be registered on the books and records of the Trust in the name of Cede & Co., the nominee of DTC, and no Preferred Trust Security Beneficial Owner will receive a definitive Preferred Trust Security Certificate representing such Preferred Trust Security Beneficial Owner's interests in such Global Certificates, except as provided in Section 10.07.

  • Whenever a notice or other communication to the Holders is required under this Trust Agreement, unless and until Definitive Preferred Trust Security Certificates shall have been issued to the Preferred Trust Security Beneficial Owners pursuant to Section 10.07, the Administrative Trustees shall give all such notices and communications specified herein to be given to the Holders to the Clearing Agency, and shall have no notice obligations to the Preferred Trust Security Beneficial Owners.

  • ASSIGNMENT FOR VALUE RECEIVED, the undersigned assigns and transfers this Preferred Trust Security Certificate to: (Insert assignee's social security or tax identification number) (Insert address and zip code of assignee) and irrevocably appoints agent to transfer this Preferred Trust Security Certificate on the books of the Trust.

  • Such signature shall be conclusive evidence that the Preferred Trust Security has been authenticated under this Trust Agreement.

  • Such dealers’ concession may not be in excess of the amount of $[__] per Preferred Trust Security under the Price to Public.

  • Unless otherwise specified in this Trust Agreement, the Preferred Trust Security Certificates, on original issuance, will be issued in the form of one or more fully registered, global Preferred Trust Security Certificates (each, a "Global Certificate"), to be delivered to DTC, the initial Clearing Agency (or held by a custodian thereof), by, or on behalf of, the Trust.

  • The Underwriters have advised the Trust that the Preferred Trust Securities will be offered to the public at the amount per Preferred Trust Security as set forth in Schedule I hereto as the Public Offering Price and to certain dealers selected by the Representatives at a price which represents a concession not in excess of the amount of $[__] per Preferred Trust Security under the public offering price as set forth in Schedule I hereto as the Dealers' Concession.

Related to Preferred Trust Security

  • Trust Security means any one of the Common Securities or the Preferred Securities.

  • Trust Securities Certificate means any one of the Common Securities Certificates or the Preferred Securities Certificates.

  • Trust Securities means the Common Securities and the Capital 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.

  • Trust Notes As defined in the Introductory Statement.

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

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

  • Preferred Unit means a fractional, undivided share of the Partnership Interests that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the Common Units that the General Partner has authorized pursuant to Section 4.2 hereof.

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

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

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

  • Trust Certificate means a certificate evidencing the beneficial interest of a Person in the trust established by the Trust Agreement and substantially in the form attached as Exhibit A to such Trust Agreement.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Capital Security means an undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Class A Preferred Stock means the Class A preferred stock, nominal value $0.0001 per share, of the Company.

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

  • 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.

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

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

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