Examples of Trust Common Securities in a sentence
Distributions shall be made on the Trust Preferred Securities and the Trust Common Securities on a Pro Rata basis.
On the Closing Date the Company will purchase all of the Trust Common Securities issued by the Trust, for an amount at least equal to 3% of the capital of the Trust, at the same time as the Trust Preferred Securities are sold.
Payments in respect of the Trust Common Securities shall be made in such manner as shall be mutually agreed between the Property Trustee and the Holder of the Trust Common Securities.
An Administrative Trustee may be removed by the Holder of the Trust Common Securities at any time.
The Administrative Trustees shall cause each Trust Common Securities Certificate issued to the Depositor and its permitted transferees to contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT AS PROVIDED IN THE TRUST AGREEMENT REFERRED TO HEREIN".