Trust Preferred Debentures definition

Trust Preferred Debentures means the Junior Subordinated Deferrable Interest Debentures issued pursuant to the Trust Preferred Indenture.
Sample 1

Examples of Trust Preferred Debentures in a sentence

  • The Trust Preferred Debentures are privately held, therefore the carrying amount approximates fair value.

  • The Department had not made efforts to get the stay orders vacated despite elapse of 1 to 17 years.

  • Seller shall provide all advance written notices and take such other necessary action to permit the retirement of Seller’s Trust Preferred Debentures to occur on the Closing Date immediately following the Effective Time and prior to the consummation of the Holding Company Merger.

  • Concurrently with, or prior to, the Effective Time, Buyer shall (i) retire the Shareholder Notes, including all accrued and unpaid interest thereon, and (ii) at its option, (A) retire the Trust Preferred Debentures or (B) assume the Seller's obligations under the Trust Preferred Indenture, in accordance with Article XI of the Trust Preferred Indenture.

  • Buyer has the financial ability to consummate the Cash-Out Merger and cash available to pay the cash consideration to stockholders of Seller pursuant to the terms of this Agreement and to retire the Shareholder Debt and Trust Preferred Debentures.

Related to Trust Preferred Debentures

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

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.

  • Series A Debentures means the 8.675% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027 of the Debenture Issuer issued pursuant to the Indenture.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Series D Notes is defined in Section 1.

  • UST Preferred Stock means the Issuer’s Fixed Rate Cumulative Perpetual Preferred Stock, Series [●].

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

  • 2014 Notes means (i) the 4.850% Senior Secured Notes due 2024 issued by the Issuer on March 18, 2014 and (ii) the 4.45% Senior Secured Notes due 2025 and the 5.45% Senior Secured Notes due 2034 issued by the Issuer on August 21, 2014.

  • Debentures has the meaning stated in the first recital of this Indenture.

  • 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.

  • Series C Notes is defined in Section 1.

  • 2028 Notes means those 6.500% Senior Notes due 2028 issued by the Borrower in an aggregate principal amount of $400,000,000 pursuant to the 2028 Notes Documents.

  • 2015 Notes means the 8.375% senior notes due 2015 in the principal amounts of $615 million and €500 million issued pursuant to the 2015 Notes Indenture.

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

  • 2019 Notes has the meaning set forth in the definition of “2018 Exchange Offers”.

  • 2024 Notes means the 7.000% Senior Notes due 2024, issued pursuant to the 2024 Indenture.

  • 2013 Notes means the aggregate principal amount of US$345,000,000 of 5.00% Convertible Senior Notes Due 2013 issued pursuant to the 2013 Note Indenture.

  • Junior Subordinated Debentures means the aggregate principal amount of the Depositor's ____% Junior Subordinated Deferrable Interest Debentures, due ________ __, 2027, issued pursuant to the Indenture.

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • 2016 Notes means the aggregate principal amount of US$460,000,000 of 4.25% Convertible Senior Notes Due 2016 issued pursuant to the 2016 Note Indenture.

  • New Notes shall have the meaning assigned to such term in Section 32.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • 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.