Capital Securities definition

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.

Capital Securities means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of such Person’s capital, whether now outstanding or issued or acquired after the date hereof, including common shares, preferred shares, membership interests in a limited liability company, limited or general partnership interests in a partnership or any other equivalent of such ownership interest.

Capital Securities has the meaning set forth in the recitals to this Guarantee.

Examples of Capital Securities in a sentence

• The Perpetual Capital Securities shall be issued pursuant to Clause 2.2 of the Dealer Agreement and on the terms of Clauses 3, 5 to 10 (but not 9.1), 12, 13.2 and 17 of the Dealer Agreement as modified by this Agreement.

• In addition, the Issuer shall be responsible for and (to the extent payments are made by the Managers) shall reimburse the Managers for all costs and expenses incurred by the Managers in connection with the issue of the Perpetual Capital Securities, including, without limitation, the fees and expenses of their legal advisers.

• The Issuer authorises the Managers to deduct such costs and expenses from the subscription moneys for the Perpetual Capital Securities as provided in Clause 6.2.

• Subject to the terms and conditions of this Agreement, the Issuer agrees to issue the Perpetual Capital Securities on 15 July 2019 (the “Closing Date”) or such later date not being later than 29 July 2019 as the Issuer and the Managers may agree (the “Issue Date”), to the Managers in accordance with Clause 6.

• The Perpetual Capital Securities shall be in the form and have the terms set out in Schedule 2 Part C(2) to the Trust Deed as supplemented by the Pricing Supplement (the “Pricing Supplement”) dated the date of this Agreement relating to the Perpetual Capital Securities which the Issuer confirms it has prepared and copies of which it authorises the Managers to distribute in connection with the offering and sale of the Perpetual Capital Securities.

More Definitions of Capital Securities

Capital Securities has the meaning set forth in paragraph 1(a) of Annex I.

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

Capital Securities means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of such Person’s capital, whether now outstanding or issued after the Restatement Effective Date; provided however, any shares, interests, participations or other equivalents required to be issued in connection with convertible debt shall not be considered “Capital Securities” until issued.

Capital Securities means, collectively, the Series A Capital Securities and the Series B Capital Securities.

Capital Securities means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of such Person’s capital, whether now outstanding or issued or acquired after the Closing Date, including common shares, preferred shares, membership interests in a limited liability company, limited or general partnership interests in a partnership, interests in a Trust, interests in other unincorporated organizations or any other equivalent of such ownership interest.

Capital Securities has the meaning specified in the Recitals hereto.

Capital Securities means, with respect to any Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of such Person’s capital, whether now outstanding or hereafter issued.