AES Trust definition
Examples of AES Trust in a sentence
The Company hereby acknowledges that, to the extent specifically set forth herein, prior to a Security Exchange with respect to the Debentures of any series held as trust assets of a AES Trust, the holders of the Preferred Securities of such AES Trust shall expressly be third party beneficiaries of this Indenture.
Except as provided in the preceding sentences, the holders of Preferred Securities of such AES Trust will not be able to exercise directly any other remedy available to the holders of the Debentures.
The name of the business trust being formed hereby is AES Trust I.
The Trust continued by this Declaration is named "AES Trust I" as such name may be modified from time to time by the Regular Trustees following written notice to the Holders of Securities.
In connection with such Holder Direct Action, the rights of the holders of the Common Securities of such AES Trust will be subrogated to the rights of such holder of Preferred Securities to the extent of any payment made by the Company to such holders of Preferred Securities in such Holder Direct Action.
AES Trust II, a statutory business trust formed under the laws of the State of Delaware (the "Trust"), hereby certifies that The AES Corporation (the "Holder") is the registered owner of ____________________________ (_________) common securities of the Trust representing undivided beneficial interests in the assets of the Trust designated the "$2.75 Common Trust Securities" (liquidation amount $50 per security) (the "Common Securities").
The Trust continued by this Declaration is named "AES Trust II" as such name may be modified from time to time by the Regular Trustees following written notice to the Holders of Securities.
The name of the business trust formed by this Certificate of Trust is AES Trust VII.
To: The First National Bank of Chicago as Property Trustee of AES Trust I The undersigned owner of these Preferred Securities hereby irrevocably exercises the option to convert these Preferred Securities, or the portion below designated, into common stock of The AES Corporation (the "Common Stock") in accordance with the terms of the Amended and Restated Declaration of Trust, dated as of March __, 1997 (as amended from time to time, the "Declaration"), by Will▇▇▇ ▇.
To: The First National Bank of Chicago as Property Trustee of AES Trust I The undersigned owner of these Common Securities hereby irrevocably exercises the option to convert these Common Securities, or the portion below designated, into Common Stock of The AES Corporation (the "Common Stock") in accordance with the terms of the Amended and Restated Declaration of Trust dated as of March 31, 1997 (as amended from time to time, the "Declaration"), by ▇▇▇▇▇▇▇ ▇.