Common Trust Securities has the meaning specified in the first recital of this Indenture.

Common Trust Securities means the common securities representing undivided beneficial interests in the assets of the Issuer that will be issued to American Electric Power Company, Inc., as Depositor.]

Common Trust Securities has the meaning specified in Section 7.1(a).

Examples of Common Trust Securities in a sentence

On the Closing Date, the Depositor shall acquire, and thereafter retain, beneficial and record ownership of the Common Trust Securities.
Except as permitted by Section 5.10 of the Trust Agreement (as defined below), the Common Trust Securities are not transferable and any attempted transfer hereof shall be void.
Payments in respect of the Common Trust Securities shall be made in such manner as shall be mutually agreed between the Property Trustee and the Holder of the Common Trust Securities.
Except in connection with a transaction involving the Depositor that would be permitted under Article Eleven of the Subordinated Indenture, any attempted transfer of the Common Trust Securities shall, to the fullest extent permitted by law, be void.
The Administrative Trustees shall cause each Common Trust Securities Certificate issued to the Depositor to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE TRUST AGREEMENT." Common Trust Securities Certificates representing the Common Trust Securities shall be issued to the Depositor in the form of a typewritten or definitive Common Trust Securities Certificate.

More Definitions of Common Trust Securities

Common Trust Securities means the common securities representing undivided beneficial interests in the assets of the Issuer that will be issued to FPL Group, Inc., as Depositor and has the terms set forth in the Trust Agreement.

Common Trust Securities means the securities representing undivided beneficial interests in the assets of the Issuer and having the rights provided therefor in the Trust Agreement.

Common Trust Securities has the meaning specified in the recitals to this Common Trust Securities Guarantee Agreement.

Common Trust Securities means the Common Trust Securities of a Trust, representing undivided beneficial interests in the assets of such Trust.

Common Trust Securities means the securities representing common ownership interests in the assets of the Issuer.

Common Trust Securities means undivided beneficial interests in the assets of Life Re Capital Trust which rank pari passu with QUIPS issued by Life Re Capital Trust; provided, however, that if an Event of Default (solely as the result of an event described in clauses (a), (b) or (c) thereto) has occurred and is continuing, no payments in respect of Distributions on, or payments upon liquidation, redemption or otherwise with respect to, the Common Trust Securities shall be made until the holders of the QUIPS shall be paid in full the Distributions and the liquidation, redemption and other payments to which they are entitled.

Common Trust Securities has the meaning specified in Section 8.01 of the Trust Agreement.