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.
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Trust I Preferred Securities has the meaning set forth in the Recitals.
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Examples of Trust I Preferred Securities in a sentence

  • Upon any such distribution, if the Trust I Preferred Securities are then in the book-entry system, the Series 1997 Debentures will be issued in the form of a Global Debenture, subject to Section 2.12 hereof.

  • 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.

  • R Duddy advised he was a dog behaviourist consultant, the proposed business would operate on a booking policy, ten kennels would result in one or two cars per day, alternatively the farm could be turned into a working farm again with higher traffic.

  • 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.

  • 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.

  • 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").

  • 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.

  • BEGINNING HOLDINGS: Face amount of Delphi 8.25% Trust I Preferred Securities held at the close of business on March 6, 2000.

  • Adjusted free cash flows is a non-GAAP measure of cash generated during a period which is available for dividend distribution, debt reduction, strategic acquisitions and repurchase of our common stock.

  • The proceeds from this issuance were used to fund the redemption of $51.5 million of Floating Rate Capital Trust I Preferred Securities which had a variable interest rate of 250 basis points over the three-month LIBOR rate.

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, nominal value $0.0001 per share, of the Company.

  • 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, nominal value $1,000, of the Company.

  • 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.

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

  • Series A Preferred means the Series A Convertible Preferred Stock of the Company, par value $0.01 per share.