Examples of Trust Debentures in a sentence
The Company has performed, or has caused each Company Trust to perform, all of the obligations required to be performed by it and is not in default under the terms of the Company Trust Debentures or the Company Trust Preferred Securities or any agreements related thereto.
If, in connection with any dissolution, winding-up or termination of the Trust, Debentures are distributed to Holders of the Securities as provided in this paragraph 3, the procedures set forth in paragraph 4(e) will be applicable thereto.
Upon completion of the acquisition by the Trust of CREIT on May 4, 2018, the Assumed Debentures remained outstanding and became debentures of the Trust, ranking equally with the existing Trust Debentures.
All of the assets and property of the Company as set forth on Exhibit A secure this Debenture to this Debenture, in combination with all other Trust Debentures, on a pro-rata basis.
We had the following junior subordinated debentures outstanding at December 31, 2008 and 2007 (dollars in thousands): Outstanding Initial Amount of Equity Fixed Variable Beginning Junior To Interest Interest Optional Subordinated Trust Issue Rate Rate Redemption Maturity Trust Debentures (3) Date (1) (2) Date Date (1) Both the trust preferred securities and junior subordinated debentures bear interest at a fixed interest rate from the issue date through the beginning optional redemption date.