Structured Securities definition

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Structured Securities means collectively (a) the Subordinated Debt Securities, the Guaranties, the Common Securities and the Preferred Securities of the Southern Union Trusts, all as described and defined in the Registration Statement on Form S-3 filed by the Borrower with the Securities and Exchange Commission on March 25, 1995, and (b) subordinated debt securities, guaranties, common securities and/or preferred securities hereafter issued in connection with the consummation of the Pending Acquisitions in an aggregate face amount of not more than $150,000,000 upon terms and conditions substantially similar in all material respects to the terms and conditions described and defined in such Registration Statement on Form S-3 filed by the Borrower with the Securities and Exchange Commission on March 25, 1995. For all purposes of this Agreement, the amounts payable by Southern Union Trusts under the Preferred Securities and Common Securities (or similar securities provided for under subclause (b) above) and the amounts payable by the Borrower under the Subordinated Debt Securities or the Guaranties (or similar securities provided for under subclause (b) above) shall be treated without duplication, it being recognized that the amounts payable by Southern Union Trusts are funded with payments made or to be made by the Borrower to Southern Union Trusts and are also guaranteed by the Borrower under the Guaranties described in the S-3 mentioned above (or similar guaranties provided for under subclause (b) above).

Structured Securities means, collectively, the following: (a) the Existing Structured Securities; and (b) (i) any other Junior Subordinated Debentures, (ii) the common securities issued by TOPS Trusts to the Borrower in connection with such other Junior Subordinated Debentures, (iii) the trust preferred securities issued by TOPS Trusts in connection with such other Junior Subordinated Debentures and having substantially similar terms as such Junior Subordinated Debentures and (iv) any guarantee executed and delivered by the Borrower with respect to such trust preferred securities, in each case with respect to the foregoing in clause (b) above, all reasonably acceptable to the Administrative Agent and as the same may be further amended, amended and restated, supplemented or otherwise modified from time to time in accordance with Section 6.13.

Examples of Structured Securities in a sentence

The subordination provisions contained in the Existing Debentures, the Existing Indentures, any guaranty of the Borrower made by the Borrower in connection with any of the Existing Structured Securities are, in each case, enforceable against the Borrower and the holders of such Indebtedness.
The Borrower will not, and will not permit any Subsidiary to, make any payment in respect of interest on, principal of, or otherwise relating to, the borrower's subordinated debt securities issued in connection with the Structured Securities if, after giving effect to such payment, a Default or Event of Default would exist.
The Borrower will not, and will not permit any Subsidiary to, sell or otherwise dispose of any shares of stock or Debt of any Subsidiary, or permit any Subsidiary to issue or dispose of its stock (other than directors' qualifying shares), except to the Borrower or another Subsidiary, and except that Southern Union Trusts may issue preferred beneficial interests in public offerings of Borrower's Structured Securities.
The Sellers’ ratio of consolidated Indebtedness less Structured Securities Debt to Consolidated Adjusted Tangible Net Worth shall not exceed 10:1.
Structured Securities based on an index are subject to risks broadly similar to those attending any investment in a broadly-based portfolio of assets including, without limitation, the risk that the general level of prices for such assets may decline.

More Definitions of Structured Securities

Structured Securities means asset-backed securities that have been divided into 2 or more classes where the payment of interest on or principal of any class of the securities has been allocated in a manner that may not be directly proportional to interest or principal received by the issuer of the securities on the underlying assets.

Structured Securities means any security (i) the payment to a holder of which is linked to a different security, provided that such different security is issued by a different issuer or (ii) structured in such a manner that the credit risk of acquiring the security is primarily related to an entity other than the issuer of the security itself. APPENDIX B PRICING -------------------------------------------------------------------------------- FIRST TRUST ENERGY INCOME AND GROWTH FUND -------------------------------------------------------------------------------- BNP PARIBAS PRIME BROKERAGE INTERNATIONAL, LTD. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- FINANCING RATES -------------------------------------------------------------------------------- CUSTOMER DEBIT RATE (applicable to the Outstanding Debit Floating Rate Financing) 1 Month LIBOR + 70 bps per annum on the drawn amount ISO CODE USD 10-YEAR FIXED RATE Fixed Base Rate + Liquidity Premium, where Fixed Base Rate = 267.97 bps Liquidity Premium = 70 bps -------------------------------------------------------------------------------- ARRANGEMENT FEE -------------------------------------------------------------------------------- Customer shall pay an arrangement fee equal to the product of the Fixed Rate Financing Amount and 10 bps upon execution, to be paid on the Closing Date. -------------------------------------------------------------------------------- COMMITMENT FEE -------------------------------------------------------------------------------- Customer shall pay a commitment fee equal to 80 bps per annum on the amount of undrawn Floating Rate Financing Amount, to be paid when the amounts calculated under the Financing Rates section above are due. -------------------------------------------------------------------------------- BREAKAGE FEE -------------------------------------------------------------------------------- Upon the occurrence of a Fixed Rate Financing Prepayment Event, Customer and PBL shall, in good faith and a commercially reasonable manner, jointly determine a Breakage Fee equal to the cost (or benefit) of entering into a replacement swap rate transaction to offset the Interest Rate Hedging Transaction as follows: (a) Both parties shall each seek to obtain two market quotations from Reference Marketmakers by 12:00 p.m. New York time on the Business Day following the Fixed Rate Financi...

Structured Securities means collectively the Subordi- --------------------- nated Debt Securities, the Guaranties, the Common Securities and the Preferred Securities of the Southern Union Trusts, all as described and defined in the Registration Statement on Form S-3 filed by the Borrower with the Securities and Exchange Commission on March 25, 1995. For all purposes of this Agreement, the amounts payable by Southern Union Trusts under the Preferred Securities and Common Securities and the amounts payable by the Borrower under the Subordinated Debt Securities or the Guaranties shall be treated without duplication, it being recognized that the amounts payable by Southern Union Trusts are funded with pay- ments made or to be made by the Borrower to Southern Union Trusts and are also guaranteed by the Borrower under the Guaranties described in the S-3 mentioned above.

Structured Securities. Collateralized mortgage obligations and other mortgage-backed securities.

Structured Securities means collateralized mortgage obligations and other mortgage-backed securities.

Structured Securities means collateralized mortgage obligations and other MBSs.