Trust II Preferred Securities definition

Trust II Preferred Securities means the Trust Preferred Securities of Trust II, representing the undivided preferred beneficial interests in the assets of Trust II, having a liquidation preference of $25 per security and having rights provided therefor in the Trust II Agreement.
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Trust II Preferred Securities has the meaning set forth in the Recitals.
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Trust II Preferred Securities means the undivided beneficial interests in the assets of Trust II, having a liquidation amount of $ per security and having terms provided therefor in the Trust II Agreement.
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Examples of Trust II Preferred Securities in a sentence

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

  • 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.

  • 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.

  • Upon any such distribution, if the Trust II Preferred Securities are then in the book-entry system, the Series 1998 Debentures will be issued in the form of a Global Debenture, subject to Section 2.12 hereof.

  • On March 29, 2010, the last day on which official trading data was available before we publicly announced our proposed acquisition of the Capital Trust II Preferred Securities, the last reported sales price of the Capital Trust II Preferred Securities reported on TRACE™ was $63.75 per Security.

  • 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.

  • The Company is to offer to exchange up to $___ million in aggregate liquidation amount of___%Convertible Trust II Preferred Securities due February 15, 2013 (the "Exchange Securities") of the Trust for up to $86.25 million in aggregate liquidation amount of the outstanding 6% Convertible Trust Preferred Securities due February 15, 2028 (the "Existing Securities") of Fleetwood Capital Trust (the "Existing Trust").

  • Lexington Street Baltimore, Maryland 21201 (Address of principal executive offices) (Zip code) ---------- Guarantee of BGE Capital Trust II Preferred Securities (Title of the indenture securities) ================================================================================ 1.

  • Trust II Preferred Securities The fixed/floating rate junior subordinated debt securities due 2035 issued pursuant to the Trust II Indenture, as supplemented by the Trust II First Supplemental Indenture.

  • A paraphrase of Romans 3:20 says, “For no one can ever be made right with God by doingwhat the law commands.

Related to Trust II Preferred Securities

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

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

  • 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.

  • 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).

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

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

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

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

  • 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.

  • 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 Junior Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests and distributions upon liquidation of the Partnership, ranks junior to the Series A Preferred Units, including Common Units and Non-Voting Common Units, but excluding any Series A Parity Securities and Series A Senior Securities.

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

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

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

  • 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.

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