Common use of Issuance of the Trust Securities Clause in Contracts

Issuance of the Trust Securities. The Depositor, on behalf of the Trust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a Book-Entry Trust Preferred Securities Certificate, registered in the name of the nominee of the Depository, representing 2,000,000 Trust Preferred Securities having an aggregate Liquidation Preference of $50,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000. Contemporaneously therewith, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust Common Securities having an aggregate Liquidation Preference of $1,546,400, against payment by the Depositor and receipt by the Property Trustee of the purchase price of such Trust Common Securities of $1,546,400.

Appears in 4 contracts

Samples: Trust Agreement (Hawaiian Electric Co Inc), Trust Agreement and Agreement (Hawaiian Electric Co Inc), Trust Agreement (Heco Capital Trust Ii)

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Issuance of the Trust Securities. The Depositor, on behalf of the TrustTrust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a one or more Book-Entry Trust Preferred Securities CertificateCertificates, registered in the name of the nominee of the Depositoryinitial Clearing Agency, representing 2,000,000 Trust 7,200,000 Preferred Securities having an aggregate Liquidation Preference Amount of $50,000,000180,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000180,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust 222,681 Common Securities having an aggregate Liquidation Preference Amount of $1,546,4005,567,025, against payment by the Depositor and receipt by the Property Trustee in satisfaction of the purchase price of such Trust Common Securities the Depositor shall deliver to the Property Trustee the sum of $1,546,4005,567,025. The Trust Securities may have such additional or different terms specified in an Annex hereto.

Appears in 2 contracts

Samples: Trust Agreement (Pseg Funding Trust Ii), Trust Agreement (Public Service Electric & Gas Co)

Issuance of the Trust Securities. The Depositor, on behalf of the TrustTrust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a one or more Book-Entry Trust Preferred Securities CertificateCertificates, registered in the name of the nominee of the Depositoryinitial Clearing Agency, representing 2,000,000 Trust 150,000 Preferred Securities having an aggregate Liquidation Preference Amount of $50,000,000150,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000148,554,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust 4,640 Common Securities having an aggregate Liquidation Preference Amount of $1,546,4004,640,000, against payment by the Depositor and receipt by the Property Trustee in satisfaction of the purchase price of such Trust Common Securities the Depositor shall deliver to the Property Trustee the sum of $1,546,4004,640,000.

Appears in 1 contract

Samples: Trust Agreement (Public Service Electric & Gas Co)

Issuance of the Trust Securities. The Depositor, on behalf of the TrustTrust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a one or more Book-Entry Trust Preferred Securities CertificateCertificates, registered in the name of the nominee of the Depositoryinitial Clearing Agency, representing 2,000,000 Trust 6,000,000 Preferred Securities having an aggregate Liquidation Preference Amount of $50,000,000150,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000150,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust 185,568 Common Securities having an aggregate Liquidation Preference Amount of $1,546,4004,639,200, against payment by the Depositor and receipt by the Property Trustee in satisfaction of the purchase price of such Trust Common Securities the Depositor shall deliver to the Property Trustee the sum of $1,546,4004,639,200.

Appears in 1 contract

Samples: Trust Agreement (Public Service Electric & Gas Co)

Issuance of the Trust Securities. The Depositor, on behalf of the TrustTrust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a one or more Book-Entry Trust Preferred Securities CertificateCertificates, registered in the name of the nominee of the Depositoryinitial Clearing Agency, representing 2,000,000 Trust 8,320,000 Preferred Securities having an aggregate Liquidation Preference Amount of $50,000,000208,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000208,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust 257,320 Common Securities having an aggregate Liquidation Preference Amount of $1,546,4006,433,000, against payment by the Depositor and receipt by the Property Trustee in satisfaction of the purchase price of such Trust Common Securities the Depositor shall deliver to the Property Trustee the sum of $1,546,4006,433,000.

Appears in 1 contract

Samples: Public Service Electric & Gas Co

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Issuance of the Trust Securities. The Depositor, on behalf of the Trust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in Representatives pursuant to Section 5 of the Underwriting Agreement a Book-Entry Trust Preferred Securities CertificateCertificate or Certificates, registered in the name of the nominee of the Depository, representing 2,000,000 4,000,000 Trust Preferred Securities having an aggregate Liquidation Preference of $50,000,000100,000,000, against payment by the Underwriters Representatives, on behalf of the Underwriters, and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000100,000,000. Contemporaneously therewith, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 123,712 Trust Common Securities having an aggregate Liquidation Preference of $1,546,4003,092,800, against payment by the Depositor and receipt by the Property Trustee of the purchase price of such Trust Common Securities of $1,546,4003,092,800.

Appears in 1 contract

Samples: Trust Agreement (Maui Electric Co LTD)

Issuance of the Trust Securities. The Depositor, on behalf of the Trust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in Representatives pursuant to Section 5 of the Underwriting Agreement a Book-Entry Trust Preferred Securities CertificateCertificate or Certificates, registered in the name of the nominee of the Depository, representing 2,000,000 Trust Preferred Securities having an aggregate Liquidation Preference of $50,000,000, against payment by the Underwriters Representatives, on behalf of the Underwriters, and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000. Contemporaneously therewith, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust Common Securities having an aggregate Liquidation Preference of $1,546,400, against payment by the Depositor and receipt by the Property Trustee of the purchase price of such Trust Common Securities of $1,546,400.

Appears in 1 contract

Samples: Trust Agreement (Hawaiian Electric Co Inc)

Issuance of the Trust Securities. The Depositor, on behalf of the TrustTrust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a one or more Book-Entry Trust Preferred Securities CertificateCertificates, registered in the name of the nominee of the Depositoryinitial Clearing Agency, representing 2,000,000 Trust 3,800,000 Preferred Securities having an aggregate Liquidation Preference Amount of $50,000,00095,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,00095,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, not less than two the Administrative TrusteesTrustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust 117,526 Common Securities having an aggregate Liquidation Preference Amount of $1,546,4002,938,150, against payment by the Depositor and receipt by the Property Trustee in satisfaction of the purchase price of such Trust Common Securities the Depositor shall deliver to the Property Trustee the sum of $1,546,4002,938,150.

Appears in 1 contract

Samples: Public Service Electric & Gas Co

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