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.

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

Trust Preferred Security has the meaning specified in Section 7.1.

Examples of Trust Preferred Security in a sentence

• The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A-1 to the Declaration, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange on which the Trust Preferred Securities are listed.

• As a condition precedent to the registration of the transfer or exchange of any Trust Preferred Security, the Registrar may require (i) production of proof satisfactory to it as to the identity and genuineness of any signature; (ii) compliance with such regulations, if any, as the Trustee or the Registrar may establish not inconsistent with the provisions of this Trust Agreement; and (iii) such other information as the Registrar may reasonably request.

• 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.

• As a condition precedent to the registration of the transfer or exchange of any Trust Preferred Security, the Registrar, may require (i) the production of proof satisfactory to it as to the identity and genuineness of any signature; (ii) compliance with such regulations, if any, as the Trustee or the Registrar may establish not inconsistent with the provisions of the Trust Agreement; and (iii) such other information as the Registrar may reasonably request.

• 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 1998 (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 as defined in the Trust Agreement relating to MetLife Capital Trust II.

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 has the meaning specified in the recitals to this Guarantee Agreement.

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 the ___% Trust Originated Preferred Securities.