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Trust PIERS definition

Trust PIERS means the $345 million aggregate principal amount 4.00% Trust PIERS due 2033 issued by Omnicare Capital Trust I on June 13, 2003 and the Series B 4.00% Trust PIERS due 2033 issued by Omincare Capital Trust II on March 8, 2005.
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Trust PIERS means the 4.00% Junior Subordinated Debentures due 2033 of the Borrower issued pursuant to the Trust PIERS Supplemental Indenture.
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Trust PIERS means an undivided beneficial ownership interest in the assets of the Trust having a Liquidation Amount of $50 and having rights provided therefor in this Trust Agreement, including the right to receive Distributions, including Contingent Distributions, and a Liquidation Distribution as provided herein.
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Examples of Trust PIERS in a sentence

  • The Obligations under this Agreement will at all times constitute “Senior Indebtedness” as defined in and for purposes of the Trust PIERS Supplemental Indenture and the New Trust PIERS Supplemental Indenture.

  • Except with respect to any changes that do not materially adversely affect the rights of the Holders (in which case no consent of the Holders will be required), this Guarantee may not be amended without the prior approval of the Holders of at least a Majority in Liquidation Amount of the Trust PIERS.

  • The Definitive Trust PIERS Certificates shall be printed, lithographed or engraved or may be produced in any other manner as is reasonably acceptable to the Administrative Trustees, as evidenced by the execution thereof by the Administrative Trustees or any one of them.

  • If a Change of Control occurs, each holder of Trust PIERS will have the right to require the Depositor to purchase all or any part of that Holder’s Trust PIERS at a purchase price equal to 100% of the Trust PIERS repurchased plus accrued and unpaid Distributions, including Contingent Distributions, if any, on the Trust PIERS repurchased, to the date of purchase on the terms and conditions set forth in the Trust Agreement.

  • The Federal Rules of Evidence prohibit the admission of evidence of an individual’s prior crimes or other actions if used “to show that on a particular occasion the person acted in accordance with” their past behaviors.

  • Each Trust PIERS Certificate shall be dated the date of its authentication.

  • The MDA Unit ((is scheduled to be))was completed for acquisition in February, 2006, and the expanded museum ((is expected to open))opened in 2007.

  • Pursuant to the Certificate Depository Agreement, unless and until Definitive Trust PIERS Certificates are issued pursuant to Section 5.15, the Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit payments on the Trust PIERS to such Clearing Agency Participants.

  • If the Relevant Trustee shall resign, be removed or become incapable of continuing to act as the Relevant Trustee at a time when an Event of Default shall have occurred and be continuing, the Holders of Trust PIERS, by Act of the Holders of a majority in Liquidation Amount of the Trust PIERS then outstanding delivered to the retiring Relevant Trustee, shall promptly appoint a successor Relevant Trustee or Trustees, and the Relevant Trustee shall comply with the applicable requirements of Section 8.11.

  • Distributions payable on any Trust PIERS that are not punctually paid on any distribution date will cease to be payable to the person in whose name such Trust PIERS are registered on the original record date, and such defaulted distribution will instead be payable to the person in whose name such Trust PIERS are registered on the special record date or other specified date determined in accordance with the Trust Agreement.


More Definitions of Trust PIERS

Trust PIERS means the Trust Preferred Income Equity Redeemable Securities issued by the Trust.
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Trust PIERS has the meaning specified in the recitals hereto.
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Trust PIERS has the meaning given to it in the Trust Agreement.
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Trust PIERS means the $300.0 million aggregate principal amount 4.00% Trust PIERS due 2033 issued by Omnicare Capital Trust I on the Issue Date, plus up to $45.0 million aggregate principal amount issued upon exercise of the underwriters’ over-allotment option.
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Trust PIERS has the meaning specified in the recitals hereto. In the event that pursuant to the Underwriting Agreement, dated as of June 10, 2003, among the Trust, the Guarantor and the underwriters party thereto, the Trust and the Guarantor grant an Underwriters’ Overallotment Option (as defined in the Trust Agreement) to certain underwriters such that an additional amount of Trust PIERS may be issued pursuant to the terms of the Trust Agreement, then the defined term “Trust PIERS” shall include such additional Trust PIERS.
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Trust PIERS has the meaning set forth in the Recitals.
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Related to Trust PIERS

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Class C Trustee Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • NIM Trustee The trustee for the NIM Securities.

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

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • institutional trustee means the Trustee.

  • Certificateholders shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register.

  • Note A-4 Trustee means the trustee under the Note A-4 PSA.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Note Trustee means the Person identified as the “Trustee” in the Indenture, solely in its capacity as Trustee pursuant to the Indenture and not in its individual capacity, or its successor in interest in such capacity, or any successor Trustee appointed as provided in the Indenture.

  • Debenture Trustee means The Bank of New York, as trustee under the Indenture until a successor is appointed thereunder, and thereafter means such successor trustee.

  • Subordinated Certificates As specified in the Preliminary Statement.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Senior Noteholders means the holders of the Senior Notes.

  • Class A Noteholders means, collectively, the Class A-1 Noteholders, the Class A-2a Noteholders, the Class A-2b Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders.

  • Noteholders means the Class A-1 Noteholders, the Class A-2a Noteholders, the Class A-2b Noteholders, the Class A-3 Noteholders, the Class A-4 Noteholders, the Class B Noteholders, the Class C Noteholders and the Class D Noteholders.

  • Trust Notes As defined in the Introductory Statement.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Note A-3 Trustee means the trustee under the Note A-3 PSA.

  • Note A-2 Trustee means the trustee under the Note A-2 PSA.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Notes Trustee has the meaning assigned to such term in the Recitals to this Agreement.

  • U.S. Trustee means the Office of the United States Trustee for the District of Delaware.

Most Referenced Clauses

Most Referenced Definitions