Issuance of the Trust Securities Sample Clauses

Issuance of the Trust Securities. On __, 1999, the Depositor, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Underwriters named in the Underwriting Agreement Preferred Securities Certificates, [registered in the name of the nominee of the initial Clearing Agency,] in an aggregate amount of _________ Preferred Securities having an aggregate Liquidation Amount of $____________, against receipt of such aggregate purchase price of such Preferred Securities of $_____________, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of _________ Common Securities having an aggregate Liquidation Amount of $______________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.
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Issuance of the Trust Securities. The Depositor, on behalf of the Trust, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and cause the Property Trustee to authenticate and deliver to the Underwriters named in the Underwriting Agreement a Book-Entry Trust Preferred Securities Certificate, registered in the name of the nominee of the Depository, representing 2,000,000 Trust Preferred Securities having an aggregate Liquidation Preference of $50,000,000, against payment by the Underwriters and receipt by the Property Trustee of the aggregate purchase price of such Trust Preferred Securities of $50,000,000. Contemporaneously therewith, not less than two Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Trust Common Securities Certificate, registered in the name of the Depositor, representing 61,856 Trust Common Securities having an aggregate Liquidation Preference of $1,546,400, against payment by the Depositor and receipt by the Property Trustee of the purchase price of such Trust Common Securities of $1,546,400.
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Issuance of the Trust Securities. The Depositor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrator, on behalf of the Issuer Trust, shall execute, manually or by facsimile, in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters, in an aggregate amount of 16,000,000 Capital Securities having an aggregate Liquidation Amount of $400,000,000, against receipt of the aggregate purchase price of such Capital Securities of $400,000,000 by the Property Trustee. If the Underwriters exercise their option to purchase all or any portion of an additional 2,400,000 Capital Securities pursuant to the terms of the Underwriting Agreement, then an Administrator, on behalf of the Issuer Trust, shall execute, manually or by facsimile, in accordance with Section 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Underwriters, additional Capital Securities Certificates, registered in the names requested by the Underwriters, in an aggregate amount of up to 2,400,000 additional Capital Securities having an aggregate Liquidation Amount of up to $60,000,000, against receipt of the aggregate purchase price of such additional Capital Securities of up to $60,000,000, by the Property Trustee.
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Issuance of the Trust Securities. The Depositor, on behalf of the Trust, executed and delivered the Underwriting Agreement. One of the Administrative Trustees, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Collateral Agent one or more Preferred Securities Certificates registered in the name of the Purchase Contract Agent having an aggregate Liquidation Amount of $460,000,000, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $460,000,000, which amount the Administrative Trustees shall promptly deliver to the Property Trustee. Contemporaneously with each issuance of Preferred Securities, one Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing 284,537 Common Securities having an aggregate Liquidation Amount of $14,226,850, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $14,226,850. The Trust Securities may have such additional or different terms specified in an Annex hereto.
Sample 1Sample 2
Issuance of the Trust Securities. On , 20 , the Depositor, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Underwriters named in the Underwriting Agreement Preferred Securities Certificates, [registered in the name of the nominee of the initial Clearing Agency,] in an aggregate amount of Preferred Securities having an aggregate Liquidation Amount of $ , against receipt of such aggregate purchase price of such Preferred Securities of $ , which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, in an aggregate amount of Common Securities having an aggregate Liquidation Amount of $ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee.
Sample 1
Issuance of the Trust Securities. Contemporaneously -------------------------------- with the execution and delivery of this Trust Agreement, at least one Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver in accordance with the Underwriting Agreement Trust Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, in an aggregate amount of __,000,000 Trust Securities having an aggregate Liquidation Amount of $__________, against receipt of the aggregate purchase price of such Trust Securities of $__________, which amount the Administrative Trustees shall promptly deliver to the Property Trustee.
Sample 1
Issuance of the Trust Securities. The Depositor, both on its own behalf and on behalf of the Issuer Trust pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrator, on behalf of the Issuer Trust, shall execute, manually or by facsimile, in accordance with Section 5.3, the Property Trustee shall authenticate in accordance with Section 5.3, and the Issuer Trust shall deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters, in an aggregate amount of 33,000,000 Capital Securities having an aggregate Liquidation Amount of $825,000,000, against receipt of the aggregate purchase price of such Capital Securities of $825,000,000 by the Issuer Trust.
Sample 1
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Issuance of the Trust Securities. On February 2, 2010, the Sponsor, both on its own behalf and on behalf of the Trust pursuant to the Original Trust Agreement, executed and delivered the Dealer Manager Agreement and the Exchange Agent Agreement, which action is hereby authorized, approved, ratified and confirmed in all respects. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Property Trustee for authentication, and the Property Trustee shall authenticate and deliver to the Exchange Agent, the Trust Securities, substantially in the form attached as Exhibit C, registered in the name of the nominee of the initial Clearing Agency as set forth in Section 5.04(b), evidencing an aggregate of ● Trust Securities having an aggregate Liquidation Amount of $● against receipt by the Property Trustee from the Exchange Agent of a Like Amount of Debentures registered in the name of the Property Trustee on behalf of the Trust pursuant to the Exchange Agent Agreement.
Sample 1
Issuance of the Trust Securities. The Depositor, on behalf of the Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Underwriters named in the Underwriting Agreement one or more Book-Entry Preferred Securities Certificates, registered in the name of the nominee of the initial Clearing Agency, representing 9,000,000 Preferred Securities having an aggregate Liquidation Amount of $225,000,000, against receipt by the Property Trustee of the aggregate purchase price of such Preferred Securities of $225,000,000, which amount the Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, the Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.02 and deliver to the Depositor a Common Securities Certificate, registered in the name of the Depositor, representing 278,351 Common Securities having an aggregate Liquidation Amount of $6,958,775, and in satisfaction of the purchase price of such Common Securities the Depositor shall deliver to the Property Trustee the sum of $6,958,775.
Sample 1

Related to Issuance of the Trust Securities

  • Trust Securities 12 U.S. Government Obligations.......................................... 12

  • Issuance of the Capital Securities On [ ], the Depositor, both on its own behalf and on behalf of the Issuer Trust and pursuant to the Original Trust Agreement, executed and delivered the Underwriting Agreement. Contemporaneously with the execution and delivery of this Trust Agreement, an Administrative Trustee, on behalf of the Issuer Trust, shall execute in accordance with Sections 5.2, 5.3 and 8.9(a) and deliver to the Underwriters, Capital Securities Certificates, registered in the names requested by the Underwriters or a representative thereof, evidencing [ ] Capital Securities having an aggregate Liquidation Amount of $ [ ], against receipt of the aggregate purchase price for such Capital Securities of $ [ ] by the Property Trustee.

  • Authorized Trust Securities The Trust shall be authorized to issue one series of Preferred Securities having an aggregate Liquidation Amount of $10,000,000 and one series of Common Securities having an aggregate Liquidation Amount of $310,000.

  • The Trust Securities Certificates Each of the Preferred and Common Securities Certificates shall be issued in minimum denominations of $25 and integral multiples in excess thereof. The Trust Securities Certificates shall be executed on behalf of the Trust by manual or facsimile signature of at least one Administrative Trustee. Trust Securities Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trust, shall be validly issued and entitled to the benefits of this Trust Agreement, notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the authentication and delivery of such Trust Securities Certificates or did not hold such offices at the date of authentication and delivery of such Trust Securities Certificates. A transferee of a Trust Securities Certificate shall become a Securityholder, and shall be entitled to the rights and subject to the obligations of a Securityholder hereunder, upon due registration of such Trust Securities Certificate in such transferee's name pursuant to Section 5.04.

  • Issuance of the Notes The Notes have been duly authorized and, at the Closing Time, will have been duly executed and, when authenticated, issued and delivered in the manner provided for in the Indenture and delivered against payment of the purchase price therefor as provided in this Agreement, will constitute valid and binding obligations of the Trust, enforceable against the Trust in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the benefits of, the Indenture.

  • Issuance of the Bonds The Authority shall issue the Bonds under and in accordance with the Indenture, subject to the provisions of the bond purchase agreement among the Authority, the initial purchaser or purchasers of the Bonds and the Company. The Company hereby approves the issuance of the Bonds and all terms and conditions thereof.

  • Execution and Delivery of Trust Securities Certificates At the Time of Delivery, the Administrative Trustees shall cause Trust Securities Certificates, in an aggregate Liquidation Amount as provided in Sections 2.4 and 2.5, to be executed on behalf of the Issuer Trust and delivered to or upon the written order of the Depositor, executed by one authorized officer thereof, without further corporate action by the Depositor, in authorized denominations.

  • TRUST SECURITIES CERTIFICATES 23 SECTION 5.1. Initial Ownership............................................23 SECTION 5.2. The Trust Securities Certificates............................23 SECTION 5.3. Execution and Delivery of Trust Securities Certificates......23 SECTION 5.4. Registration of Transfer and Exchange of Preferred Securities Certificates............................24 SECTION 5.5. Mutilated, Destroyed, Lost or Stolen Trust Securities Certificates................................24 SECTION 5.6. Persons Deemed Securityholders...............................25 SECTION 5.7. Access to List of Securityholders' Names and Addresses.......25 SECTION 5.8. Maintenance of Office or Agency..............................26 SECTION 5.9. Appointment of Paying Agent..................................26 SECTION 5.10. Ownership of Common Securities by Depositor..................26

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