Qualifying Trust Preferred Securities definition

Qualifying Trust Preferred Securities means preferred trust securities or similar securities issued by a Finance Person after the Issue Date.
Qualifying Trust Preferred Securities means (i) the Existing Trust Preferred Securities, (ii) up to $50,000,000 of preferred securities issued to refinance the Existing Trust Preferred Securities and (iii) up to $50,000,000 of additional trust preferred securities, provided that the securities issued in accordance with clauses (ii) and (iii) must be subordinate to all senior debt of the Borrower, including the Facility, and be otherwise structured in substantially the same way as the Existing Trust Preferred Securities.
Qualifying Trust Preferred Securities means the trust preferred securities issued on February 3, 1997 by the Borrower pursuant to the Indenture dated February 3, 1997 between the Borrower and The Chase Manhattan Bank.

Examples of Qualifying Trust Preferred Securities in a sentence

  • Tier 1 capital is composed of Common Equity Tier 1 capital plus outstanding Qualifying Trust Preferred Securities of $109.8 million at March 31, 2018, $110.1 million at March 31, 2017, $109.9 million at December 31, 2017, $110.1 million at December 31, 2016 and $110.4 million at December 31, 2015.

  • Indebtedness resulting from the issuance of Qualifying Trust Preferred Securities C.

  • Therefore, I find that the ordinary meaning of “areas” plays a lesser role in the interpretation process.

  • Section 9.1. Change of Borrower Ownership 52 Section 9.2. Use of Proceeds 52 Section 9.3. Leverage; Additional Recourse Indebtedness 52 Section 9.4. Dividends 52 Section 9.5. Floating Rate Debt 52 Section 9.6. Liens 53 Section 9.7 FF&E Expenditures 53 Section 9.8 Indebtedness, Coverage and Net Worth Covenants 54 Section 9.9 Qualifying Trust Preferred Securities 54 ARTICLE X.

  • Permit, as of any day in which a Event of Default exists, or a notice of a monetary default has been given and not cured, any payments to be made on subordinated notes issued in connection with the sale of Qualifying Trust Preferred Securities, or the redemption of the Qualifying Trust Preferred Securities.

Related to Qualifying Trust Preferred Securities

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

  • 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.

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

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

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

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

  • Qualifying Capital Securities means securities (other than Common Stock, Rights to acquire Common Stock or securities exchangeable for or convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors (or a duly authorized committee thereof) reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • 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.

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

  • Individual Securities shall have the meaning specified in Section 3.01(p).

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

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

  • Series A-1 Preferred Shares means the Company’s series A-1 preferred shares, par value US$0.00001 per share.

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

  • 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.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Securities means the Company's 10.01% Series A Junior Subordinated Deferrable Interest Debentures due March 15, 2027, as authenticated and issued under this Indenture.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • 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.

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • Series D Notes is defined in Section 1.

  • 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.

  • Book-Entry Preferred Security means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.