Trust Preferred Offering definition

Trust Preferred Offering means that certain issuance of trust preferred securities by Borrower through WestCoast Hospitality Capital Trust in the aggregate amount of $46,000,000.00, all terms of which have been publicly disclosed by Borrower in writing prior to the date hereof.
Sample 1Sample 2
Trust Preferred Offering means (i) the Initial Offering, (ii) the 1998 Offering and (iii) any subsequent issuance of Trust Preferred Related Debt Securities by the Borrower to a business trust, together with the concurrent issuance by such trust of preferred equity securities, so long as such Trust Preferred Related Debt Securities and preferred equity securities contain the following terms: (x) a term of not less than five (5) years, (y) the ability to defer principal and interest for a period no longer than the term of such Trust Preferred Related Debt Securities and (z) the relative rights and priorities of the holders of Trust Preferred Related Debt Securities shall be no greater than those provided for in the Initial Offering or the 1998 Offering.
Sample 1
Trust Preferred Offering means (i) the Initial Offering, (ii) the 1998 Offering and (iii) any subsequent issuance of Trust Preferred Related Debt Securities by the Borrower or a Subsidiary of the Borrower to a business trust, together with the concurrent issuance by such trust of (i) preferred equity securities or (ii) securities mandatorily convertible into equity of the Borrower, so long as such Trust Preferred Related Debt Securities and preferred equity securities or mandatorily convertible securities contain the following terms: (x) a term of not less than five (5) years and (y) the ability to defer principal and interest for a period no longer than the term of such Trust Preferred Related Debt Securities.
Sample 1

Examples of Trust Preferred Offering in a sentence

  • Neither PVFC nor PVF Capital Trust I is in default under any of the documents executed in connection with the Trust Preferred Offering, and there has not occurred any event that, with the lapse of time or the giving of notice or both, would constitute such a default.

  • None of the debt or securities issued by PVFC or PVF Capital Trust I in the 2004 Trust Preferred Offering is convertible into PVFC Shares nor entitles any person to any voting rights with respect to any PVFC Shares.

  • Eventual refinancing of 14% junior subordinated debt associated with 2009 Trust Preferred Offering 3.

  • As used herein, "Trust Preferred Offering" shall mean that certain issuance of trust preferred securities by Borrower through WestCoast Hospitality Capital Trust in the aggregate amount of $46,000,000.00, all terms of which have been publicly disclosed by Borrower in writing prior to the date hereof.

  • Completes Trust Preferred Offering and Announces Intent to Effect Tender Offer for 2,750,000 Shares of its Common Stock CALABASAS, CA – (BUSINESS WIRE) – May 22, 2006 – Beverly Hills Bancorp Inc.

  • As used herein, "Funded Debt" shall be defined as the sum of all obligations for borrowed money (excluding the Trust Preferred Offering plus all capital lease obligations of the WestCoast Entities.

  • Any limitation of those rights in this Regulation will, in accordance with Article 52(1) of the Charter, be provided for by law, respect the essence of those rights and freedoms, and comply with the principle of proportionality.

  • The Company recently obtained $10 million dollars in proceeds from a Trust Preferred Offering, providing the capital needed for future growth opportunities.

  • As used herein, "Funded Debt" shall be defined as the sum of all obligations for borrowed money (excluding the Trust Preferred Offering) plus all capital lease obligations of the Red Lion Entities.

  • Pins should also be installed on panel edge overlaps in the COS trench.


More Definitions of Trust Preferred Offering

Trust Preferred Offering means the Initial Offering and the 1998 Offering.
Sample 1
Trust Preferred Offering means (i) the Initial Offering and (ii) any subsequent issuance of Trust Preferred Related Debt Securities by the Borrower to a business trust, together with the concurrent issuance by such trust of preferred equity securities on substantially the same terms as the Initial Offering.
Sample 1

Related to Trust Preferred Offering

  • Limited Offering means an offering that is exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) or Section 4(6) or pursuant to Rule 504, Rule 505, or Rule 506 under the Securities Act of 1933.

  • Registered Offering Transaction Documents means this Agreement and the Registration Rights Agreement between the Company and the Investor as of the date herewith.

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

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

  • Corporation Securities means (i) shares of Common Stock, (ii) shares of Preferred Stock (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants, rights, or options (including options within the meaning of Treasury Regulation § 1.382-2T(h)(4)(v)) to purchase stock of the Corporation, and (iv) any other interest that would be treated as “stock” of the Corporation pursuant to Treasury Regulation § 1.382-2T(f)(18).

  • Offering Shares means the shares of Common Stock issued to the Purchasers pursuant to the Subscription Agreements, and any shares of Common Stock issued or issuable with respect to such shares upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing.

  • 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.

  • Public Offering means the sale in an underwritten public offering registered under the Securities Act of equity securities of the Company or a corporate successor to the Company.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Reorganization Securities has the meaning set forth in Section 6.9 hereof.

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

  • Series B Preferred means the Corporation's Series B Convertible Preferred Stock, par value $.001 per share.

  • Series B Preferred Shares means the Series B 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.

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).

  • Qualified Preferred Stock means any preferred capital stock of Holdings or Lead Borrower so long as the terms of any such preferred capital stock (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision prior to the 91st day after the Latest Maturity Date as of the date such Qualified Preferred Stock was issued other than (i) provisions requiring payment solely (or with provisions permitting Holdings or Lead Borrower, as applicable, to opt to make payment solely) in the form of common Equity Interests, Qualified Preferred Stock of Holdings or Lead Borrower or cash in lieu of fractional shares, as applicable, or any Equity Interests of any direct or indirect Parent Company of Holdings or Lead Borrower, as applicable, (ii) provisions requiring payment solely as a result of a change of control or asset sale, so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale are subject to the payment in full of all Obligations in cash (other than unasserted contingent indemnification obligations) or such payment is otherwise permitted by this Agreement (including as a result of a waiver or amendment hereunder) and (iii) with respect to preferred capital stock issued to any plan for the benefit of employees of Holdings or Lead Borrower, as applicable, or its Subsidiaries or by any such plan to such employees, provisions requiring the repurchase thereof in order to satisfy applicable statutory or regulatory obligations and (y) give Holdings or Lead Borrower the option to elect to pay such dividends or distributions on a non-cash basis or otherwise do not require the cash payment of dividends or distributions at any time that such cash payment is not permitted under this Agreement or would result in an Event of Default hereunder.

  • Delayed Offering means an offering of securities pursuant to Rule 415 which does not commence promptly after the effective date of a registration statement, with the result that only information required pursuant to Rule 415 need be included in such registration statement at the effective date thereof with respect to the securities so offered. Whether the offering of the Securities is a Non-Delayed Offering or a Delayed Offering shall be set forth in Schedule I hereto.

  • Series A Securities means the Company's 9.25% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027, as authenticated and issued under this Indenture.

  • Series F Preferred Shares means the Series F 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.

  • Initial Public Offering” (“IPO means an offering of securities registered under the 1933 Act, the issuer of which, immediately before the registration, was not subject to the reporting requirements of Sections 13 or 15(d) of the 1934 Act.

  • Redemption Securities means any debt or equity securities of the Corporation, any Subsidiary or any other corporation or other entity, or any combination thereof, having such terms and conditions as shall be approved by the Board of Directors and which, together with any cash to be paid as part of the redemption price, in the opinion of any nationally recognized investment banking firm selected by the Board of Directors (which may be a firm which provides other investment banking, brokerage or other services to the Corporation), has a value, at the time notice of redemption is given pursuant to paragraph (d) of this Section 5, at least equal to the Fair Market Value of the shares to be redeemed pursuant to this Section 5 (assuming, in the case of Redemption Securities to be publicly traded, such Redemption Securities were fully distributed and subject only to normal trading activity).

  • 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.

  • 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.

  • Secondary Offering means an offering of securities of a publicly traded company that prior to the offering were not registered under the Securities Act of 1933, as amended.

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

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