Issuance of Trust Securities Sample Clauses

Issuance of Trust Securities. (a) Upon receipt by the Property Trustee on behalf of the Trust of a written order and a certificate or certificates for the Preferred Securities, subject to the terms and conditions of this Trust Agreement, the Property Trustee, shall authenticate and make available for delivery one or more certificates evidencing the Trust Securities in the name of DTC's nominee, who shall thereupon be the initial Holder of Trust Securities.
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Issuance of Trust Securities. Section 7.1 General Provisions Regarding Trust Securities...................... 31 Section 7.2 Paying Agent....................................................... 32
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Issuance of Trust Securities. Section 8.01. Designation and General Provisions Regarding Trust Securities..38 Section 8.02. Subordination of Trust Common Securities.......................40 Section 8.03. Redemption of Trust Securities.................................41 Section 8.04. Redemption Procedures..........................................42 Section 8.05. Voting Rights of Trust Preferred Securities....................43 Section 8.06. Voting Rights Of Trust Common Securities.......................46 Section 8.07. Paying Agent...................................................47 Section 8.08. Acceptance of Guarantees and Agreements........................47
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Issuance of Trust Securities. Section 8.01.
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Issuance of Trust Securities. Section 7.1 General Provisions Regarding Trust Securities. . . . . . . . 27
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Issuance of Trust Securities. The Sponsor, 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, the Delaware Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Trust Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing 4,000,000 Preferred Trust Securities having an aggregate Liquidation Amount of $100,000,000, against receipt by the Sponsor, on behalf of the Trust, of the aggregate purchase price of such Preferred Trust Securities of $100,000,000, which amount the Sponsor shall promptly deliver to the Trust. Contemporaneously therewith, the Delaware Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Sponsor a Common Trust Securities Certificate, registered in the name of the Sponsor, representing 124,000 Common Trust Securities having an aggregate Liquidation Amount of $3,100,000, and in satisfaction of the purchase price of such Common Trust Securities the Sponsor shall deliver to the Property Trustee the sum of $3,100,000. The Trust Securities may have such additional or different terms specified in an Annex hereto.
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Issuance of Trust Securities. SECTION 8.1 Designation and General Provisions Regarding Trust Securities............................... 41 SECTION 8.2 Redemption of Trust Securities........................... 43 SECTION 8.3
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Issuance of Trust Securities. 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, the Delaware Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Trust Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing Preferred Trust Securities having an aggregate Liquidation Amount of $ , against receipt by the Property Trustee of the aggregate purchase price of such Preferred Trust Securities of $ , which amount the Delaware Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Delaware Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Trust Securities Certificate, registered in the name of the Depositor, representing Common Trust Securities having an aggregate Liquidation Amount of $ , and in satisfaction of the purchase price of such Common Trust Securities the Depositor shall deliver to the Property Trustee the sum of $ . The Trust Securities may have such additional or different terms specified in an Annex hereto.
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Issuance of Trust Securities 
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Related to Issuance of Trust Securities

  • Sale of Trust Shares 1.1 TRUST agrees to make available to the Separate Accounts of LIFE COMPANY shares of the selected Portfolios as listed in Appendix B for investment of proceeds from Variable Contracts allocated to the designated Separate Accounts, such shares to be offered as provided in TRUST's Prospectus.

  • DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.

  • Execution and Delivery of Trust Securities Certificates At the Time of Delivery, the Administrative Trustees shall cause Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, to be executed on behalf of the Issuer Trust and delivered to or upon the written order of the Depositor, executed by one authorized officer thereof, without further corporate action by the Depositor, in authorized denominations.

  • Authorized Trust Securities The Trust shall be authorized to issue one series of Preferred Securities having an aggregate Liquidation Amount of $50,000,000 and one series of Common Securities having an aggregate Liquidation Amount of $1,550,000.

  • The Trust Securities Certificates The Preferred Securities Certificates shall be issued in minimum denominations of $25 Liquidation Amount and integral multiples of $25 in excess thereof, and the Common Securities Certificates shall be issued in denominations of $25 Liquidation Amount and integral multiples thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual signature of at least one Administrative Trustee. Trust Securities Certificates bearing the manual signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Securities Certificates or did not hold such offices at the date of delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.11 and 5.13.

  • Issuance of Notes The Owner Trustee is hereby authorized and directed on behalf of the Trust to execute, issue and deliver the Notes pursuant to the Indenture.

  • Purchase and Redemption of Trust Portfolio Shares 1.1. For purposes of this Article I, the Company shall be the Trust's agent for the receipt from each account of purchase orders and requests for redemption pursuant to the Contracts relating to each Portfolio, provided that the Company notifies the Trust of such purchase orders and requests for redemption by 9:30 a.m. Eastern time on the next following Business Day, as defined in Section 1.3.

  • TRUST SECURITIES CERTIFICATES 21 Section 5.1 Initial Ownership.....................................................................21 Section 5.2 The Trust Securities Certificates.....................................................21 Section 5.3 Execution and Delivery of Trust Securities Certificates...............................21 Section 5.4 Registration of Transfer and Exchange of Preferred Securities.........................22 Section 5.5 Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates....................22 Section 5.6 Persons Deemed Securityholders........................................................23 Section 5.7 Access to List of Securityholders' Names and Addresses................................23 Section 5.8 Maintenance of Office or Agency.......................................................23 Section 5.9 Appointment of Paying Agent...........................................................23 Section 5.10 Ownership of Common Securities by Depositor...........................................24 Section 5.11 Book-Entry Preferred Securities Certificates; Common Securities Certificate................................................................24 Section 5.12 Notices to Clearing Agency............................................................25 Section 5.13 Definitive Preferred Securities Certificates..........................................25 Section 5.14 Rights of Securityholders.............................................................26 Article VI.

  • Issuance of Additional Notes The Company may, subject to Article Four of this Indenture, issue additional Notes under this Indenture. The Notes issued on the Closing Date and any additional Notes subsequently issued shall be treated as a single class for all purposes under this Indenture.

  • Sale of Trust Estate (a) The power to effect any sale or other disposition (a "Sale") of any portion of the Trust Estate pursuant to Section 5.04 is expressly subject to the provisions of Section 5.05 and this Section 5.15. The power to effect any such Sale shall not be exhausted by any one or more Sales as to any portion of the Trust Estate remaining unsold, but shall continue unimpaired until the entire Trust Estate shall have been sold or all amounts payable on the Notes and under this Indenture and under the Insurance Agreement shall have been paid. The Indenture Trustee may from time to time postpone any public Sale by public announcement made at the time and place of such Sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any Sale.

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