Common use of Issuance of the Trust Preferred Securities Clause in Contracts

Issuance of the Trust Preferred Securities. On ___________, 2001, 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 Trust, shall execute in accordance with Section 5.3 and deliver to the Underwriters named in the Underwriting Agreement a Trust Preferred Securities Certificate, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of _____________ Trust Preferred Securities having an aggregate Liquidation Amount of $______________, against payment of the purchase price therefor in immediately available funds, which funds such Administrative Trustee shall promptly deliver to the Property Trustee.

Appears in 4 contracts

Samples: Trust Agreement (Indymac Capital Trust I), Trust Agreement (Indymac Capital Trust I), Trust Agreement (Indymac Capital Trust I)

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Issuance of the Trust Preferred Securities. On _________, 20__, 2001, the Depositor, both on its own behalf and on behalf of the Issuer 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 the Property Trustee, on behalf of the Trust, shall execute in accordance with Section 5.3 5.2 and deliver to the Underwriters named in the Underwriting Agreement a Agreement, Trust Preferred Securities CertificateCertificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of _____representing ________ Trust Preferred Securities having an aggregate Liquidation Amount of $_________, against receipt of such aggregate purchase price of such Trust Preferred Securities of $_____, against payment of the purchase price therefor in immediately available funds, which funds such Administrative Trustee shall promptly deliver to the Property Trustee____.

Appears in 2 contracts

Samples: Trust Agreement (Teco Energy Inc), Trust Agreement (Teco Capital Trust Iii)

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Issuance of the Trust Preferred Securities. On ___________, 2001, the 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 Section Sections 5.2, 5.3 and 8.9(a) and the Property Trustee shall deliver to the Underwriters named in the Underwriting Agreement a Underwriters, Trust Preferred Securities CertificateCertificates, registered in the name of names requested by the nominee of the initial Clearing AgencyUnderwriters, in evidencing an aggregate amount of [_____________ ] Trust Preferred Securities having an aggregate Liquidation Amount of [$______________], against payment receipt of the aggregate purchase price therefor in immediately available fundsof such Trust Preferred Securities of [$______________], which funds such Administrative Trustee shall promptly deliver to by the Property Trustee.

Appears in 1 contract

Samples: Trust Agreement (Sce&g Trust I)

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