Issuance of Preferred Securities. Contemporaneously with the execution and delivery of this Trust Agreement, the Administrative Trustees, on behalf of the Trust, shall execute and deliver to the underwriters named in the Underwriting Agreement Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of _________ Preferred Securities having an aggregate Liquidation Amount of $______, against receipt of the aggregate purchase price of such Preferred Securities of $________, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.
Issuance of Preferred Securities. In consideration for the termination of the put option under the Put/Call Agreement, at the Closing, upon the terms and subject to the conditions set forth in this Agreement, Genesis shall (a) issue to one or more Sponsor Affiliates designated by Cypress 12,185 shares of Genesis' Series H Senior Convertible Participating Cumulative Preferred Stock with the relative rights, preferences and limitations set forth in Exhibit B to this Agreement (the "Series H Preferred Stock") and 8,815 shares of Genesis' Series I Senior Convertible Exchangeable Participating Cumulative Preferred Stock with the relative rights, preferences and limitations set forth in Exhibit C to this Agreement (the "Series I Preferred Stock"), (b) issue to TPG or one or more Sponsor Affiliates designated by TPG 11,575 shares of Series H Preferred Stock and 8,375 shares of Series I Preferred Stock and (c) issue to one or more Sponsor Affiliates designated by Nazem 609 shares of Series H Preferred Stock and 441 shares of Series I Preferred Stock.
Issuance of Preferred Securities. Upon any Subscriber making a Subscription Payment to a BBU Subsidiary Issuer, BBU shall cause such BBU Subsidiary Issuer to issue to such Subscriber such number of Preferred Securities of such BBU Subsidiary Issuer as is equal to the cash amount of the Subscription Payment funded by such Subscriber divided by the issue price of the Preferred Securities.
Issuance of Preferred Securities. On ________, 1998, the Depositor and an Administrative Trustee, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502, and deliver in accordance with the Underwriting Agreement, Preferred Securities Certificates, registered in the name of the Persons entitled thereto, in an aggregate amount of 1,000,000 Preferred Securities having an aggregate Liquidation Amount of $10,000,000 against receipt of the aggregate purchase price of such Preferred Securities of $10,000,000, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. If the underwriters exercise their Option and there is an Option Closing Date (as such terms are defined in the Underwriting Agreement), then an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 502 and deliver in accordance with the Underwriting Agreement, additional Preferred Securities Certificates, registered in the name of the Persons entitled thereto, in an aggregate amount of up to 150,000 Preferred Securities having an aggregate Liquidation Amount of up to $1,500,000 against receipt of the aggregate purchase price of such Preferred Securities equal to the product of $10 multiplied by the number of Preferred Securities purchased pursuant to the Option which amount such Administrative Trustee shall promptly deliver to the Property Trustee.
Issuance of Preferred Securities. The Trust has authorized the issuance and sale of up to $75,000,000 aggregate principal amount at issuance of its 8 7/8% Capital Trust Preferred Securities (the "Preferred Securities") to be issued pursuant to and in accordance with the terms of the Declaration. Each Preferred Security will be issued in the principal amount of $1,000 and integral multiples of $1,000 and will otherwise be substantially in the form of Preferred Securities set out in the Declaration, with such changes thereto, if any, as may be approved by the Purchasers and the Trust.
Issuance of Preferred Securities. As of March 13, 2000, the Depositor, the Trust and the Purchasers will execute and deliver the Purchase Agreement. On March 15, 2000, an Administrative Trustee, on behalf of the Trust, will execute in accordance with Section 5.2 and deliver to the Purchasers named in the Purchase Agreement the Certificated Preferred Securities, registered in the name of the Purchasers, in the amount of 400,000 Preferred Securities having an aggregate Liquidation Amount of $50.00, against receipt of an aggregate purchase price of $20,000,000, plus accrued Distributions from March 15, 2000, if any.
Issuance of Preferred Securities. (a) As of _____________, 1998, the Depositor, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, will execute in accordance with Section 5.2 and deliver to the Underwriters named in the Underwriting Agreement the Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of _____________ Preferred Securities having an aggregate Liquidation Amount of $_____________, against receipt of an aggregate purchase price of $_______________ plus accrued Distributions from ____________, 1998, if any. Such Administrative Trustee promptly will deliver such amount to the Property Trustee.
Issuance of Preferred Securities. (a) As of September 24, 1999, the Depositor, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Purchase Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, will execute in accordance with Section 5.2 and deliver to the Initial Purchaser named in the Purchase Agreement the Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, 4,000,000 Preferred Securities having an aggregate Liquidation Amount of $200,000,000, against receipt of an aggregate purchase price of $200,000,000 plus accrued Distributions from September 29, 1999, if any.
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Issuance of Preferred Securities. Section 5.1. General Provisions Regarding Preferred Securities ARTICLE VI
