GENERAL PROVISIONS REGARDING COMPANY PREFERRED SECURITIES. (a) There are hereby authorized for issuance and sale Company Preferred Securities issued in definitive form only in denominations of $__________.00 and integral multiples thereof and having an aggregate initial liquidation preference of $_____________. The specific designation, dividend rate, liquidation preference, redemption terms, voting rights, exchange limitations and other powers, preferences and special rights and limitations of the Company Preferred Securities are set forth in Section 7.3 hereof. The Company has no power to create and issue additional limited liability company interests in the Company in addition to the Company Common Securities and the Company Preferred Securities.
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Samples: Administration Agreement (Teco Energy Inc), Administration Agreement (Teco Capital Trust Iii), Administration Agreement (Teco Capital Trust Iii)
GENERAL PROVISIONS REGARDING COMPANY PREFERRED SECURITIES. (a) There are hereby authorized for issuance and sale Company Preferred Securities issued in definitive form only in denominations of $__________.00 25.00 and integral multiples thereof and having an aggregate initial liquidation preference of $_____________200,000,000. The specific designation, dividend rate, liquidation preference, redemption terms, voting rights, exchange limitations and other powers, preferences and special rights and limitations of the Company Preferred Securities are set forth in Section 7.3 hereof. The Company has no power to create and issue additional limited liability company interests in the Company in addition to the Company Common Securities and the Company Preferred Securities.
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