Trust I Preferred Securities definition

Trust I Preferred Securities means the Trust Preferred Securities of Trust I, representing the undivided preferred beneficial interests, with certain preferences, in the assets of Trust I, having a liquidation preference of $25 per security and having rights provided therefor in the Trust I Agreement.
Sample 1Sample 2Sample 3
Trust I Preferred Securities has the meaning set forth in the Recitals.
Sample 1Sample 2Sample 3

Examples of Trust I Preferred Securities in a sentence

  • The Trust I Preferred Securities will represent valid and, subject to the qualifications set forth in paragraph 3 below, fully paid and nonassessable undivided beneficial interests in the assets of Trust I.

  • Securities other than the Capital Trust I Preferred Securities, Capital Trust II Preferred Securities, Capital Trust III Preferred Securities and Capital Trust IV Preferred Securities purchased pursuant to the Tender Offer will be cancelled and will not be held or reissued or resold.

  • Trust I intends to issue its Trust Securities, including its __________________________ Preferred Securities, representing undivided beneficial interests in the assets of Trust I, having a liquidation amount of $__ per security and having terms provided therefor in the Trust I Agreement (the "Trust I Preferred Securities").

  • On April 1, 2010, the last day on which official trading data was available before we publicly announced our proposed acquisition of the Capital Trust I Preferred Securities the last reported sales price of the Capital Trust I Preferred Securities reported on TRACE™ was $60.00 per Security.

  • The aggregate face amount outstanding of the Capital Trust I Preferred Securities excludes $528,074,000 in aggregate principal amount of such securities held by RBSG and its subsidiaries.

  • The Series U ADSs, the Capital Trust I Preferred Securities, the Capital Trust II Preferred Securities, the Capital Trust III Preferred Securities and the Capital Trust IV Preferred Securities are not listed on any securities exchange.

  • The aggregate face amount outstanding of the Capital Trust I Preferred Securities excludes $528,074,000 in aggregate principal amount of such Securities held by the Group.

  • The Capital Trust I Preferred Securities do not trade on a public securities market.

  • RBSG will continue to hold the Capital Trust I Preferred Securities, Capital Trust II Preferred Securities, Capital Trust III Preferred Securities and Capital Trust IV Preferred Securities purchased pursuant to the Tender Offer following the Settlement Date.

  • The Debt Securities, the Preference Shares, the Ordinary Shares, the Depositary Shares, the Warrants, the Stock Purchase Contracts, the Stock Purchase Units, the Capital Trust I Preferred Securities, the Capital Trust II Preferred Securities, the Guarantees and the Selling Shareholders Shares are collectively referred to as the “Securities”.

Related to Trust I Preferred Securities

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

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

  • 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.

  • 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.

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

  • 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.

  • 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.

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

  • 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-2 Preferred Stock means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share.

  • 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 A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Series H Preferred Stock means the Corporation's Series H Convertible Preferred Stock, par value $0.004 per share.

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

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Class B Preferred Stock means the Class B Preferred Stock of the Company, par value $0.0001 per share.

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

  • 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 G Preferred Stock means the Corporation's Series G Convertible Preferred Stock, par value $0.004 per share.

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

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • Series E Preferred Shares means the Series E 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 Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.