Common use of THE TRUST PREFERRED SECURITIES CERTIFICATES Clause in Contracts

THE TRUST PREFERRED SECURITIES CERTIFICATES. The Trust Preferred Securities Certificates shall be issued in minimum denominations of $___ Liquidation Amount and integral multiples of $___ in excess thereof. The Trust Preferred Securities Certificates shall be executed on behalf of the Trust by manual signature of an authorized signatory of the Property Trustee. Trust Preferred 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 Preferred Securities Certificates or did not hold such offices at the date of delivery of such Trust Preferred Securities Certificates. A transferee of a Trust Preferred 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 Preferred Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.12 and 5.13.

Appears in 1 contract

Samples: Trust Agreement (Teco Capital Trust Iii)

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THE TRUST PREFERRED SECURITIES CERTIFICATES. The Trust Preferred Securities Certificates shall be issued in minimum denominations of $___ 25.00 Liquidation Amount and integral multiples of $___ 25.00 in excess thereof. The Trust Preferred Securities Certificates shall be executed on behalf of the Trust by manual signature of an authorized signatory of the Property Trustee. Trust Preferred 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 Preferred Securities Certificates or did not hold such offices at the date of delivery of such Trust Preferred Securities Certificates. A transferee of a Trust Preferred Securities Certificate shall become a Securityholder, Holder and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, Holder hereunder upon due registration of such Trust Preferred Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.12 5.13 and 5.135.14.

Appears in 1 contract

Samples: Trust Agreement (Teco Energy Inc)

THE TRUST PREFERRED SECURITIES CERTIFICATES. The Trust Preferred Securities Certificates shall be issued in minimum denominations of $____ Liquidation Amount and integral multiples of $____ in excess thereof. The Trust Preferred Securities Certificates shall be executed on behalf of the Trust by manual signature of an authorized signatory of the Property Trustee. Trust Preferred 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 Preferred Securities Certificates or did not hold such offices at the date of delivery of such Trust Preferred Securities Certificates. A transferee of a Trust Preferred 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 Preferred Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.12 and 5.13.

Appears in 1 contract

Samples: Trust Agreement (Teco Energy Inc)

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THE TRUST PREFERRED SECURITIES CERTIFICATES. The Trust 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 Preferred Securities Certificates shall be executed on behalf of the Trust by manual signature of an authorized signatory of the Property at least one Administrative Trustee. Trust Preferred 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 Preferred Securities Certificates or did not hold such offices at the date of delivery of such Trust Preferred Securities Certificates. A transferee of a Trust Preferred 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 Preferred Securities Certificate in such transferee's name pursuant to Sections 5.4, 5.12 5.11 and 5.13.

Appears in 1 contract

Samples: Trust Agreement (GBB Capital I)

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