Examples of Trust Preferred Stock in a sentence
Debentures issued to trust issuing Convertible Trust Preferred Stock (subordinate and junior in right of payment to all senior indebtedness and pari passu with obligations to or rights of GasCo's other general unsecured creditors) 4.
Notwithstanding the foregoing, this Section shall not prohibit the acquisition, repurchase, exchange, conversion, redemption or other retirement for value by the Company of Debentures in accordance with this Indenture or of any shares of Trust Preferred Stock.
Certificates representing shares of Company Common Stock and Company Preferred Stock before the Merger will represent the Trust Common Stock and the Trust Preferred Stock, respectively, after the Merger and it will not be necessary for stockholders of the Company to surrender or exchange their existing stock certificates for new stock certificates.
Maker shall not, directly or indirectly, be liable for, create, assume, incur or permit to exist any senior indebtedness whether as primary obligor, guarantor, surety or otherwise, including, without limitation, purchase money indebtedness except (a) indebtedness in favor of the Bank, (b) indebtedness for liens for taxes or other governmental charges incurred in the ordinary course of business; and (c) debt created by the issuance of additional shares of Trust Preferred Stock.
Senior notes 02/17/99 02/15/29 6.625 % 000000XX0 $ 150,000,000 Liabilities Connected to Trust Preferred Stock: SunAmerica Financial Group, Inc.
Except for the $12,000,000 of Trust Preferred Stock issued by Summit Bancshares, Inc.
Slight differences among the parties in the share of Trust Preferred Stock in the capital structure are driven by their differences regarding equity share.
Wylie is also the beneficial owner of 2,000 shares of the Company's 9.12% Cumulative Preferred Stock, Series A and 500 shares of Coastal Capital Trust I 9.0% Trust Preferred Stock.
This results in a computed weighted average cost of Trust Preferred Stock of 0.54%.
With the exception of Trust Preferred Stock, the above securities all have fixed interest rates, and all securities have defined maturities.