Common use of Issuance of the Capital Securities Clause in Contracts

Issuance of the Capital Securities. On _________ ___, ___, the Depositor, both on its own behalf and on behalf of the Issuer Trust 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 Issuer Trust, shall manually execute in accordance with Sections 5.2, 5.3 and 8.9(a) and the Property Trustee shall deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters, evidencing an aggregate of _______ Capital Securities having an aggregate Liquidation Amount of $___________, against receipt of the aggregate purchase price of such Capital Securities of $___________, by the Property Trustee.

Appears in 3 contracts

Samples: Trust Agreement (Fifth Third Capital Trust Iv), Trust Agreement (Fifth Third Capital Trust Iv), Trust Agreement (Fifth Third Capital Trust Iv)

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Issuance of the Capital Securities. On _________ ___The Depositor and an Administrative Trustee, ___, the Depositor, both on its own behalf and on behalf of the Issuer Trust and pursuant to the Original Trust Agreement, have executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Sections 5.2, 5.3 Section 5.2 and 8.9(a) and the Property Trustee shall deliver to the UnderwritersUnderwriters named in the Underwriting Agreement, Capital Securities Certificates, registered in the names requested name of the nominee of the initial Clearing Agency, as instructed by _______________, as representative of the Underwriters, evidencing in an aggregate amount of _________ Capital Securities having an aggregate Liquidation Amount of $___________, against receipt of the such aggregate purchase price of such Capital Securities of $___________, by which amount the Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Downey Financial Capital Trust Iii)

Issuance of the Capital Securities. On _________ ___, _20__, the Depositor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Purchase Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Sections 5.2, 5.3 and 8.9(a) and the Property Trustee shall deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters, evidencing an aggregate of _______ Capital Securities having an aggregate Liquidation Amount of $___________, against receipt of the aggregate purchase price of such Capital Securities of $___________, _ by the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Popular North America Capital Trust Iii)

Issuance of the Capital Securities. On _________ __, _, ___, the Depositor, both on its own behalf and on behalf of the Issuer Trust 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 Issuer Trust, shall manually execute in accordance with Sections 5.2, 5.3 and 8.9(a) and the Property Trustee shall deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters, evidencing an aggregate of [_______ _____] Capital Securities having an aggregate Liquidation Amount of [$______________], against receipt of the aggregate purchase price of such Capital Securities of [$______________], by the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Banponce Trust Ii)

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Issuance of the Capital Securities. On _________ ___The Depositor and an Administrative Trustee, ___, the Depositor, both on its own behalf and on behalf of the Issuer Trust and pursuant to the Original Trust Agreement, have executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall manually execute in accordance with Sections 5.2, 5.3 Section 5.2 and 8.9(a) and the Property Trustee shall deliver to the UnderwritersUnderwriters named in the Underwriting Agreement, Capital Securities Certificates, registered in the names requested name of the nominee of the initial Clearing Agency, as instructed by ____________________, as representative of the Underwriters, evidencing in an aggregate amount of _________ Capital Securities having an aggregate Liquidation Amount of $___________, against receipt of the such aggregate purchase price of such Capital Securities of $___________, by which amount the Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Downey Financial Capital Trust Iii)

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