Preferred Trust Securities definition

Preferred Trust Securities means any preferred trust interests issued by a Trust or similar securities issued by permitted successors to such Trust in accordance with the Trust Agreement pertaining to such Trust
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Preferred Trust Securities has the meaning specified in Section 8.01 of the Trust Agreement.
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Preferred Trust Securities means the Preferred Trust Securities of a Trust, representing undivided beneficial interests in the assets of such Trust.
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Examples of Preferred Trust Securities in a sentence

  • The ownership of Preferred Trust Securities shall be proved by the Securities Register.

  • At the option of a Holder, Preferred Trust Securities Certificates may be exchanged for other Preferred Trust Securities Certificates in authorized denominations of the same class and of a like aggregate Liquidation Amount upon surrender of the Preferred Trust Securities Certificates to be exchanged at the office or agency maintained pursuant to Section 5.08.

  • No service charge shall be made for any registration of transfer or exchange of Preferred Trust Securities Certificates, but the Transfer Agent and Registrar may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Preferred Trust Securities Certificates.

  • The Preferred Trust Securities shall have no preemptive or similar rights and when issued and delivered to Securityholders against payment of the purchase price therefor will be fully paid and nonassessable undivided beneficial interests in the assets of the Trust.

  • Any amount payable hereunder to any Holder of Preferred Trust Securities shall be reduced by the amount of any corresponding payment such Holder has directly received pursuant to Section 808 of the Subordinated Indenture.

  • Any provisions hereof permitting or requiring delivery of such Preferred Trust Securities shall, while such Preferred Trust Securities are in a book-entry system, be satisfied by the notation on the books of the Securities Depository in accordance with applicable state law.

  • Every Preferred Trust Securities Certificate presented or surrendered for registration of transfer or exchange shall be accompanied by a written instrument of transfer in form satisfactory to the Administrative Trustees and the Transfer Agent and Registrar duly executed by the Holder or such Holder's attorney duly authorized in writing.

  • In such event, a single certificate will be issued and delivered to the Securities Depository for such Preferred Trust Securities, in which case the Owners of such Preferred Trust Securities will not receive physical delivery of certificates for Preferred Trust Securities.

  • The Depositor and the Trustees covenant and agree to meet the requirements of a Securities Depository for the Preferred Trust Securities with respect to required notices and other provisions of the letter of representations or agreement executed with respect to such Preferred Trust Securities.

  • Whenever the beneficial ownership of any Preferred Trust Securities is determined through the books of a Securities Depository, the requirements in this Trust Agreement of holding, delivering or transferring such Preferred Trust Securities shall be deemed modified with respect to such Preferred Trust Securities to meet the requirements of the Securities Depository with respect to actions of the Trustees, the Depositor and the Paying Agent.


More Definitions of Preferred Trust Securities

Preferred Trust Securities means the 9.75% Trust Originated Preferred Securities issued by the Trust.
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Preferred Trust Securities means Cinergy’s 6.9% preferred trust securities, due February 2007, or any other preferred trust securities issued on terms substantially similar thereto; provided that the amount of any such preferred trust securities issued and outstanding until the Termination Date may not exceed $500,000,000 in the aggregate at any time.
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Preferred Trust Securities. Designation: Number of Preferred Trust Securities: Aggregate Liquidation Amount: $ Public Offering Price: $ Underwriting Discount: $ Purchase Price: $ Dealers' Concession: $ Closing Date, Time and Location: ________, 200__ at the offices of Thelen Reid & Priest LLP, 875 Third Avenue, New Yoxx, Xxx Xxxk at ____ a.m. FPL Group [/1/Capxxxx] Xxxxxxxxxxxx Xxxxxxxxxx: Designation: Principal Amount: Date of Maturity: Interest Rate: SCHEDULE II Number of Preferred Trust Underwriter Securities ----------- --------------- Total......................................... =============== SCHEDULE III [LETTERHEAD OF STEEL HECTOR & DAVIS LLP] [Xxte] as Representatives of the Underwriters named in Schedule II to the Agreement, as herein described Ladies and Gentlemen: We have acted as counsel to FPL Group, Inc. ("FPL Group") [, /1/FPL Group Capital Inc ("FPL Group Capital")] and FPL Group [Capital] Trust __ ("Trust") in connection with (a) the authorization and issuance (i) by the Trust of $_____ aggregate liquidation amount of its Preferred Trust Securities (the "Preferred Trust Securities"), (ii) by FPL Group [/1/Capital] of $_________ aggregate principal amount of its Junior Subordinated Debentures, Series due __________ (the "Junior Subordinated Debentures"), issued under the Indenture (For Unsecured Subordinated Debentures relating to Trust Securities), dated as of [/1/March 1, 2004] [/2/_____________] (the "Subordinated Indenture"), [/2/between] [/1/among] FPL Group [/1/Capital], as issuer, [/1/FPL Group, as guarantor,] and The Bank of New York, as Subordinated Indenture Trustee, and (iii) the guarantee by FPL Group on a subordinated basis of [/1/(x) the Junior Subordinated Debentures ("Subordinated Debenture Guarantee") pursuant to the terms of the Subordinated Indenture and (y)] the Preferred Trust Securities (the "Preferred Trust Securities Guarantee," [/1/and together with the Subordinated Debenture Guarantee, the "Subordinated Guarantees"]), pursuant to the Preferred Trust Securities Guarantee Agreement, dated as of __________ (the "Preferred Trust Securities Guarantee Agreement"), between FPL Group, as guarantor, and The Bank of New York, as Preferred Trust Securities Guarantee Trustee, and (b) the sale of the Preferred Trust Securities to you in accordance with the Underwriting Agreement, dated __________ (the "Agreement"), among you, FPL Group[, 1FPL Group Capital] and the Trust. Capitalized terms used in this opinion but not defined shall have the meanings s...
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Preferred Trust Securities. Designation: Number of Preferred Trust Securities: Aggregate Liquidation Amount: $ Public Offering Price: $ Underwriting Discount: $ Purchase Price: $ Dealers' Concession: $ Closing Date, Time and Location:________, 200__ at the offices of Thelen Reid & Priest LLX, 000 Xxxxd Avenue, New York, Xxx Xxxx xx ____ x.x.
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Preferred Trust Securities. Aggregate Liquidation Amount: $ Public Offering Price: $ Underwriting Discount: $ Purchase Price: $ Dealers' Concession: $ Closing Date, Time and Location:________, 200__ at the offices of Thelen Reid & Priest LLX, 000 Xxxxd Avenue, New York, Xxx Xxxx xx ____ x.x.
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Related to Preferred Trust Securities

  • Trust Securities means the Common Securities and the Capital Securities.

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Trust Securities Certificate means any one of the Common Securities Certificates or the Preferred Securities Certificates.

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Class A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Series A Preferred means the Series A preferred stock, $.01 par value per share, of the Company.

  • Class B Preferred Stock means the Class B Cumulative Convertible Preferred Stock, par value $0.01 per share, of the Previous General Partner.

  • Class A Preferred Stock means the Company's Class A Convertible Preferred Stock, par value $.01 per share.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.

  • Preferred Securities Certificate means a certificate evidencing ownership of Preferred Securities, substantially in the form attached as Exhibit C.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Unit means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.

  • Trust Notes As defined in the Introductory Statement.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.