Separate Trust Preferred Securities definition

Separate Trust Preferred Securities means Trust Preferred Securities that are no longer a component of Normal Common Equity Units.
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Separate Trust Preferred Securities means any Trust Preferred Securities that are not Pledged Trust Preferred Securities.
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Separate Trust Preferred Securities means Trust Preferred Securities that are no longer a component of Normal MCAPS.
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Examples of Separate Trust Preferred Securities in a sentence

  • After such time, such election shall become an irrevocable election to have such Separate Trust Preferred Securities remarketed in such Remarketing.

  • The Property Trustee will remit to each Holder of Separate Trust Preferred Securities making such election the Put Consideration upon receipt of the Put Consideration from the Sponsor.

  • A Holder making such an election must, pursuant to the Pledge Agreement, notify the Custodial Agent and deliver such Separate Trust Preferred Securities to the Custodial Agent on or prior to 5:00 P.M., New York City time, on or prior to the fifth Business Day immediately preceding the applicable Remarketing Date (but no earlier than the Distribution Date immediately preceding the applicable Remarketing Date).

  • The Custodial Agent will hold such Separate Trust Preferred Securities in an account separate from the Collateral Account.

  • Pursuant to Section 5.07(c) of the Pledge Agreement, promptly after 11:00 A.M., New York City time, on the Business Day immediately preceding the applicable Remarketing Date, the Custodial Agent, based on the notices and deliveries received by it prior to such time, shall notify the Remarketing Agent of the Initial Liquidation Amount of Separate Trust Preferred Securities to be tendered for Remarketing and shall cause such Separate Trust Preferred Securities to be presented to the Remarketing Agent.

  • The Custodial Agent, shall hold Separate Trust Preferred Securities in an account separate from the applicable Collateral Account in which the Pledged Securities shall be held.

  • In the event of a Failed Remarketing, the Remarketing Agent will promptly return such Separate Trust Preferred Securities to the Custodial Agent for distribution to the appropriate Holders.

  • The Custodial Agent shall hold Separate Trust Preferred Securities in an account separate from the Collateral Account in which the Pledged Trust Preferred Securities (as defined in the Pledge Agreement) shall be held.

  • Promptly after 11:00 a.m. (New York City time) on the Business Day immediately preceding the applicable Remarketing Date, the Custodial Agent shall notify the Remarketing Agent of the aggregate liquidation amount of the Separate Trust Preferred Securities to be remarketed and deliver to the Remarketing Agent for remarketing all Separate Trust Preferred Securities delivered to the Custodial Agent pursuant to this Section 5.07(c) and not validly withdrawn prior to such date.

  • In the event of a Successful Remarketing, after deducting the Remarketing Fee, the Remarketing Agent will remit to the Custodial Agent the remaining portion of the Proceeds of such Remarketing for payment to the Holders of the remarketed Separate Trust Preferred Securities, in accordance with their respective interests.


More Definitions of Separate Trust Preferred Securities

Separate Trust Preferred Securities in this Section 4.5(c) shall be deemed to be references to Notes which are not pledged hereunder or required to be part of the Collateral.
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Separate Trust Preferred Securities has the meaning set forth in the Pledge Agreement.
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Separate Trust Preferred Securities means any Trust Preferred ----------------------------------- Securities that are not Pledged Trust Preferred Securities.
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Separate Trust Preferred Securities in this Section 4.6(c) shall be deemed to be references to Debentures.
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Related to Separate 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.

  • 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.

  • 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.

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

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

  • 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.

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

  • 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.

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

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

  • 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.

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

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

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

  • 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.

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

  • 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.

  • Definitive Capital Securities means any Capital Securities in definitive form issued by the Trust.

  • Definitive Capital Securities Certificates means either or both (as the context requires) of (i) Capital Securities Certificates issued as Book-Entry Capital Securities Certificates as provided in Section 5.11, and (ii) Capital Securities Certificates issued in certificated, fully registered form as provided in Section 5.13.

  • 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.

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

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