Trust Preferred Security definition

Trust Preferred Security means an undivided beneficial ownership interest in the assets of the Trust having a Liquidation Amount of $__ and having rights and preferences provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

Trust Preferred Security has the meaning specified in Section 7.1.

Trust Preferred Security has the meaning set forth in Section 8.1(a) of this Declaration.

Examples of Trust Preferred Security in a sentence

• Any redemption of the Trust Preferred Securities, in whole or in part, will be at an amount equal to €1,000 per Trust Preferred Security and an amount equal to €1,000 per Trust Common Security, plus any additional amounts, if any, plus any accrued and unpaid Capital Payments (as defined in the agreement) for the then current Payment Period (as defined in the Agreement) ending on the date of redemption (the Redemption Price).

• We note that the Trust Preferred Security Holders may be obligated to make payments as set forth in the Trust Agreement.

• The Trust Preferred Security Holders, as beneficial owners of the Trust, will be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit organized under the General Corporation Law of the State of Delaware.

• Unless otherwise specified in the terms of the Trust Preferred Securities, the Trust Preferred Securities Certificates, on original issuance, will be issued in the form of one or more fully registered, global Trust Preferred Security Certificates (each a "Global Certificate"), to be delivered to DTC, the initial Clearing Agency, by, or on behalf of, the Trust.

• Copies of this Trust Agreement shall be filed with the Trustee and shall be open to inspection during business hours at the Corporate Office by any Holder of a Trust Preferred Security.

More Definitions of Trust Preferred Security

Trust Preferred Security has the meaning set forth in the Declaration of Trust.

Trust Preferred Security means a [ ]% Cumulative Quarterly Income Preferred Security, Series 2004 (Liquidation Preference $25 per Trust Preferred Security) issued by the Trust representing an undivided preferred beneficial interest in the assets of the Trust and having rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

Trust Preferred Security has the meaning set forth in Section 8.01(a)(i) of this Trust Agreement.

Trust Preferred Security means a security representing a preferred undivided beneficial interest in the assets of the Trust with such terms as may be set out in any amendment to or amendment and restatement of this Declaration, and two or more such securities are herein referred to as "Trust Preferred Securities."

Trust Preferred Security as defined in the Trust Agreement relating to MetLife Capital Trust II.

Trust Preferred Security means a preferred security issued by a Trust Issuer that is not subject to mandatory redemption, or redemption at the election of the holder thereof, prior to the date that is one (1) year after the Maturity Date (except upon payment or redemption of the Junior Subordinated Debentures) and for which the funds for the payment of any such redemption, and for the payment of dividends thereon, are provided to the Trust Issuer through the Junior Subordinated Debentures.

Trust Preferred Security means an undivided beneficial interest in the assets of the Trust, designated the 6.613% Fixed Rate/Floating Rate Trust Preferred Securities (Liquidation Amount of $1,000), and having the rights provided therefor in this Declaration of Trust, including the right to receive Distributions and a Liquidation Distribution as provided herein.