Preferred Security definition

Preferred Security means a preferred security of the Trust, denominated as such and representing an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the terms provided therefor in this Trust Agreement.

Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $25 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

Preferred Security means a security representing an undivided beneficial interest in the assets of the Trust with such terms as may be set out in any amendment to this Declaration.

Examples of Preferred Security in a sentence

• Pursuant to a Subscription Agreement (the “Subscription Agreement”) dated 7th June, 2005, BNP Paribas, Deutsche Bank AG, London Branch and Xxxxxx Xxxxxxx & Co. International Limited (the “Managers”) have jointly and severally agreed to subscribe for the Preferred Securities at a price of €1,000 per Preferred Security.

• On the substitution date, each Preferred Security of €1,000 in liquidation preference will be substituted for each Substituted Preference Share which will have a liquidation preference of €1,000 and have rights as to quantum of distributions and upon liquidation equivalent to the Preferred Securities.

• Provided that the Limited Partners do not become involved with the administration of the limited partnership, and subject to compliance with the provisions of the Act, the liability of the Limited Partners for the debts or obligations of the limited partnership will be limited to the amount of partnership capital which they have contributed or agreed to contribute to the partnership, i.e. €1,000 per Preferred Security.

• The Managers will receive a combined selling, management and underwriting commission of €20 per Preferred Security.

• In the event of the dissolution of the Issuer, Holders will be entitled to receive, subject as set out below, for each Preferred Security a Liquidation Distribution out of the assets of the Issuer legally available for distribution.

More Definitions of Preferred Security

Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.

Preferred Security has the meaning specified in Section 7.1.

Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Declaration, including the right to receive Distributions and a Liquidation Distribution as provided herein.

Preferred Security means an undivided beneficial ownership interest in the assets of the Trust designated as a " % Cumulative Trust Preferred Capital Security" having a Liquidation Amount of $25 and having rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

Preferred Security means a preferred undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $25 and having the rights provided therefor in this Amended Declaration, including the right to receive Distributions and a Liquidation Distribution to the extent provided herein.

Preferred Security has the meaning specified in Section 7.01(b).

Preferred Security means a __% Cumulative Quarterly Income Preferred Security issued by the Trust, and having an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $_____ and having rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.