MCAPS definition

MCAPS means each of the Normal MCAPS and the Treasury MCAPS.
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MCAPS means a Normal MCAPS or a Treasury MCAPS, as the case may be.
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Examples of MCAPS in a sentence

  • If the book-entry system for the Normal MCAPS has been terminated, the Contract Payments will be payable, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it appears on the Security Register, or by wire transfer to the account designated by such Person by a prior written notice to the Stock Purchase Contract Agent.

  • So long as any Junior Subordinated Debentures are held by or on behalf of the Trust, the Trustee shall provide to the holders of the Normal MCAPS, Trust Preferred Securities, Trust Common Securities and Treasury MCAPS such notices as it shall from time to time provide under Section 602 of the Indenture.

  • The transfer of any Treasury MCAPS Certificate will be registered and Treasury MCAPS Certificates may be exchanged as provided in the Stock Purchase Contract Agreement.

  • By: Name: Title: HOLDER SPECIFIED ABOVE (as to obligations of such Holder under the Stock Purchase Contracts) By: U.S. BANK NATIONAL ASSOCIATION, not individually but solely as attorney-in-fact of such Holder as Stock Purchase Contract Agent By: Name: Title: Date: This is one of the Treasury MCAPS referred to in the within-mentioned Stock Purchase Contract Agreement.

  • None of the Collateral Agent or the Securities Intermediary shall have any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Stock Purchase Contract Agent or any Holder of MCAPS (or any of their respective affiliates) that may come into the possession of the Collateral Agent or the Securities Intermediary or any of their respective affiliates.

  • U.S. BANK NATIONAL ASSOCIATION, as Stock Purchase Contract Agent and as attorney-in-fact of the Holders from time to time of the MCAPS By: /s/ ▇▇▇▇▇▇▇ ▇.

  • In the event of a Failed Remarketing, the Collateral Agent, for the benefit of the Company, will, at the written instruction of the Company, deliver or dispose of the Pledged Trust Preferred Securities in accordance with the Company’s written instructions to satisfy in full, from any such disposition or retention, such Holders’ obligations to pay the Purchase Price for the Depositary Shares to be issued under the Stock Purchase Contracts underlying such Normal MCAPS.

  • This Agreement and the MCAPS shall be governed by and construed in accordance with the laws of the State of New York.

  • In addition, the Trustee shall provide to the holders of the Normal MCAPS, Trust Preferred Securities, Trust Common Securities and Treasury MCAPS notice of any Event of Default or event that, with the giving of notice or lapse of time, or both, would become an Event of Default with respect to the Junior Subordinated Debentures within 30 days after the actual knowledge of a Responsible Officer of the Trustee of such Event of Default or other event.

  • Unless the certificate of authentication hereon has been executed by the Stock Purchase Contract Agent by manual signature, this Treasury MCAPS Certificate shall not be entitled to any benefit under the Collateral Agreement or the Stock Purchase Contract Agreement or be valid or obligatory for any purpose.

Related to MCAPS

  • Subordinated Shareholder Funding means, collectively, any funds provided to the Issuer by any Parent, any Affiliate of any Parent or any Permitted Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or agreement other than Capital Stock, in each case issued to and held by any of the foregoing Persons, together with any such security, instrument or agreement and any other security or instrument other than Capital Stock issued in payment of any obligation under any Subordinated Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

  • Subordinated Securities means Securities that by the terms established pursuant to Subsection 301(10) are subordinate to any specified debt of the Company.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Subordinated Security or “Subordinated Securities” means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.