Common use of Issuance of the Common Securities; Subscription and Purchase of Debentures Clause in Contracts

Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ Common Securities having an aggregate Liquidation Amount of $__________, against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of Cede & Co., as nominee of The Depository Trust Company, and having an aggregate principal amount equal to $__________ and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $__________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5.

Appears in 1 contract

Samples: Trust Agreement (SVB Capital I)

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Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Depositor, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ Common Securities having an aggregate Liquidation Amount of $__________, _ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trusteean aggregate purchase price of $_________ ($______ per Common Security). Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of Cede & Co., as nominee of The Depository Trust Company, the Property Trustee and having an aggregate principal amount equal to $__________ and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, Trust shall deliver to the Depositor the sum of $__________, _ such amount sum being the sum of the amounts delivered to the Property Trustee Trust pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5).

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Capital Trust Iv)

Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with (a) On the execution and delivery of this Trust AgreementClosing Date, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ __Common Securities having an aggregate Liquidation Amount of $__________, against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debenture Issuer Debentures, registered in the name of Cede & Co., as nominee of The Depository the Trust Company, and having in an aggregate principal amount equal to of $___________ and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor Debenture Issuer the sum of $__________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5_.

Appears in 1 contract

Samples: Trust Agreement (Partnerre LTD)

Issuance of the Common Securities; Subscription and Purchase of Debentures. (a) Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 5.3 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ___________ Common Securities having an aggregate Liquidation Amount of $__________, __ against payment by the Depositor of such amountthe purchase price therefor in immediately available funds, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, Debentures registered in the name of Cede & Co., as nominee of The Depository the Trust Company, and having an aggregate principal amount equal to $____________ and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, and shall deliver to the Depositor the sum of $__________, such amount purchase price therefor (being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 2.4(a) and (ii) the first sentence of this Section 2.52.5(a)).

Appears in 1 contract

Samples: Trust Agreement (Visteon Corp)

Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with (a) On the execution and delivery of this Trust AgreementClosing Date, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ __Common Securities having an aggregate Liquidation Amount of $__________, against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debenture Issuer Debentures, registered in the name of Cede & Co., as nominee of The Depository the Trust Company, and having in an aggregate principal amount equal to of $___________ and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor Debenture Issuer the sum of $__________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5_.

Appears in 1 contract

Samples: Trust Agreement (Partnerre LTD)

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Issuance of the Common Securities; Subscription and Purchase of Debentures. (a) Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 502 and deliver to the Depositor Depositor, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ Common Securities having an aggregate Liquidation Amount of $__________, _ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of Cede & Co., as nominee the Property Trustee on behalf of The Depository the Trust Company, and having an aggregate principal amount equal to $__________ _, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $__________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5.

Appears in 1 contract

Samples: Trust Agreement (Ifc Capital Trust I)

Issuance of the Common Securities; Subscription and Purchase of Debentures. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of _______ Common Securities having an aggregate Liquidation Amount of $__________, against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an An Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of Cede & Co., as nominee of The Depository Trust Company, and having an aggregate principal amount equal to $_____________ and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $__________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to (ia) the second sentence of Section 2.4 and (iib) the first sentence of this Section 2.5.

Appears in 1 contract

Samples: Trust Agreement (Silicon Valley Bancshares)

Issuance of the Common Securities; Subscription and Purchase of Debentures. (a) Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 502 and deliver to the Depositor Depositor, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of ______ Common Securities having an aggregate Liquidation Amount of $__________, _____ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of Cede & Co., as nominee the Property Trustee on behalf of The Depository the Trust Company, and having an aggregate principal amount equal to $__________ ______, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $__________, such amount being the sum of the amounts delivered to the Property Trustee pursuant to (i) the second sentence of Section 2.4 and (ii) the first sentence of this Section 2.5_____.

Appears in 1 contract

Samples: Trust Agreement (American Bank Inc)

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