Trust Preferred Stock definition

Trust Preferred Stock means the 7% Convertible Preferred Securities, Term Income Deferrable Equity Securities issued by the Trust Subsidiary.

Trust Preferred Stock means any trust preferred securities issued by a subsidiary capital trust established by the Borrower or any of its Subsidiaries reflected in the consolidated financial statements of the Borrower and its Subsidiaries, along with any junior subordinated debt obligations of the Borrower or its Subsidiaries so long as (i) the terms thereof require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to at least 91 days after the occurrence of the Maturity Date and the repayment in full of the Outstanding Credits and all other amounts due under this Agreement, (ii) such securities are subordinated and junior in right of payment to all obligations of the Borrower or any of its Subsidiaries for or in respect of borrowed money and (iii) the obligors in respect of such preferred securities and subordinated debt have the right to defer interest and dividend payments on similar terms customary for trust preferred securities and not materially less favorable to the interests of the Borrower or the Lenders.

Trust Preferred Stock means preferred stock issued by a Trust Preferred Subsidiary.

Examples of Trust Preferred Stock in a sentence

• Debentures issued to trust issuing Convertible Trust Preferred Stock (subordinate and junior in right of payment to all senior indebtedness and pari passu with obligations to or rights of GasCo's other general unsecured creditors) 4.

• Maker shall not, directly or indirectly, be liable for, create, assume, incur or permit to exist any senior indebtedness whether as primary obligor, guarantor, surety or otherwise, including, without limitation, purchase money indebtedness except (a) indebtedness in favor of the Bank, (b) indebtedness for liens for taxes or other governmental charges incurred in the ordinary course of business; and (c) debt created by the issuance of additional shares of Trust Preferred Stock.

• Certificates representing shares of Company Common Stock and Company Preferred Stock before the Merger will represent the Trust Common Stock and the Trust Preferred Stock, respectively, after the Merger and it will not be necessary for stockholders of the Company to surrender or exchange their existing stock certificates for new stock certificates.

• Notwithstanding the foregoing, this Section shall not prohibit the acquisition, repurchase, exchange, conversion, redemption or other retirement for value by the Company of Debentures in accordance with this Indenture or of any shares of Trust Preferred Stock.

• The 700,000 Trust Preferred Stocks have an aggregate liquidation preference of €700,000,000, and a liquidation preference of €1,000 per Trust Preferred Stock.

• Each document in the source language collection has an identified counterpart in the target language collection.

• Wylie is also the beneficial owner of 2,000 shares of the Company's 9.12% Cumulative Preferred Stock, Series A and 500 shares of Coastal Capital Trust I 9.0% Trust Preferred Stock.

• In addition, the U.S. operation is responsible for payments under the Trust Preferred Stock issued in the fourth quarter of 2001.

• Beatty, 2006, is focused on issuance of Trust Preferred Stock and the results indicate that banks limit the use of these securities with the implementation of accounting guidance limiting their advantages for financial reporting, albeit not for regulatory capital purposes.

• Trust Preferred Stock Transactions..........................................

More Definitions of Trust Preferred Stock

Trust Preferred Stock means the 7% Convertible Preferred Securities, Term Income Deferrable Equity Securities issued by the Trust Subsidiary. “Trust Reserves” means, at the time of any determination thereof, in connection with the Trust Accounts, the aggregate of all amounts required byApplicable Law to be set aside in reserve, trust, escrow or any similar arrangement, and in respect to any jurisdiction in which the Applicable Laws do notrequire the trusting of any such funds, then 100% of the funds received pursuant to each Trust Account.

Trust Preferred Stock means $100,000,000 of 9% trust preferred securities of Sovereign Capital Trust I due April 1, 2027; $50,000,000 of 9.875% trust preferred securities of ML Capital Trust I due March 1, 2027; and $287,500,000 of 7.50% trust preferred securities issued by Sovereign Capital Trust II.

Trust Preferred Stock means Dayton Trust's preferred securities issued pursuant to the Trust Agreement.

Trust Preferred Stock means $100,000,000 of 9% trust preferred securities of Sovereign Capital Trust I Due April 1, 2027, $50,000,000 of 9.875% trust preferred securities of ML Capital Trust I Due March 1, 2027, and $287,500,000 of 7.50% trust preferred securities issued by Sovereign Capital Trust II due January 15, 2030.