Common use of Issuance of the Clause in Contracts

Issuance of the. Common Securities; Subscription and --------------------------------------------------- Purchase of Debentures. ----------------------- 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 Common Securities Certificates, registered in the name of the Depositor, representing ______________ Common Securities having an aggregate Liquidation Amount of $____________ against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount equal to $___________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $___________. If there is a Closing Date as a result of the exercise of an over-allotment option pursuant to the Underwriting Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, representing up to ___________ Common Securities having an aggregate Liquidation Amount of up to $__________ against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount of up to $__________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the amount received from one of the Administrative Trustees pursuant to the last sentence of Section 2.4.

Appears in 1 contract

Samples: Trust Agreement (Wec Capital Trust Ii)

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Issuance of the. Common Securities; Subscription ------------------------------------------------ and --------------------------------------------------- Purchase of Junior Subordinated Debentures. ----------------------- Contemporaneously with ---------------------------------------------- the execution and delivery of this Trust Agreement, an Administrative TrusteeAdministrator, on behalf of the Issuer Trust, shall execute in accordance with Section 5.2 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Depositor Depositor, Common Securities Certificates, registered in the name of the Depositor, representing ______________ in an aggregate amount of 56,250 Common Securities having an aggregate Liquidation Amount of $____________ 562,500 against payment receipt by the Depositor Property Trustee of the aggregate purchase price of such amountCommon Securities of $562,500 by the Property Trustee. In the event of any exercise from time to time of an over-allotment option requiring issuance of additional Option Preferred Securities Certificates, as described in Section 2.4 above, a proportionate number of additional Common Securities Certificates, with corresponding aggregate Liquidation Amount, shall be delivered to the Depositor against receipt by the Property Trustee of the aggregate purchase price therefor. Contemporaneously therewithwith the executions, and deliveries of Common Securities Certificates and any Preferred Securities Certificates, an Administrative TrusteeAdministrator, on behalf of the Issuer Trust, shall subscribe to for and purchase from the Depositor Depositor, corresponding amounts of Junior Subordinated Debentures, registered in the name of the Issuer Trust and having an aggregate principal amount equal to $___________15,000,000, plus, in the event of any exercise from time to time of the over- allotment option (a) a corresponding additional number of Junior Subordinated Debentures not exceeding an aggregate principal amount of $2,250,000 and (b) a corresponding number of Junior Subordinated Debentures not exceeding an aggregate principal amount equal to the aggregate Liquidation Amount of Common Securities issued pursuant to such exercise from time to time of an over-allotment option; and, in satisfaction of the purchase price for such Junior Subordinated Debentures, the Property Trustee, on behalf of the Issuer Trust, shall deliver to the Depositor the sum of $___________. If there is a Closing Date as a result of the exercise of an 15,000,000, plus any corresponding over-allotment option amount(s) (being the sum of the amounts delivered to the Property Trustee pursuant to (a) the Underwriting Agreement, an Administrative Trustee, second sentence of the first paragraph and the second paragraph of Section 2.4 and (b) the first and second sentences of this Section 2.5) and receive the Junior Subordinated Debentures on behalf of the Issuer Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, representing up to ___________ Common Securities having an aggregate Liquidation Amount of up to $__________ against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount of up to $__________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the amount received from one of the Administrative Trustees pursuant to the last sentence of Section 2.4.

Appears in 1 contract

Samples: Trust Agreement (Allegiant Capital Trust I)

Issuance of the. Common Securities; Subscription ------------------------------------------------ and --------------------------------------------------- Purchase of Junior Subordinated Debentures. ----------------------- Contemporaneously with ---------------------------------------------- the execution and delivery of this Trust Agreement, an Administrative TrusteeAdministrator, on behalf of the Issuer Trust, shall execute in accordance with Section 5.2 5.3 and the Property Trustee shall authenticate in accordance with Section 5.3 and deliver to the Depositor Depositor, Common Securities Certificates, registered in the name of the Depositor, representing ______________ in an aggregate amount of 58,442 Common Securities having an aggregate Liquidation Amount of $____________ 584,420 against payment receipt by the Depositor Property Trustee of the aggregate purchase price of such amountCommon Securities of $584,420 by the Property Trustee. In the event of any exercise from time to time of an over-allotment option requiring issuance of additional Option Preferred Securities Certificates, as described in Section 2.4 above, a proportionate number of additional Common Securities Certificates, with corresponding aggregate Liquidation Amount, shall be delivered to the Depositor against receipt by the Property Trustee of the aggregate purchase price therefor. Contemporaneously therewithwith the executions, and deliveries of Common Securities Certificates and any Preferred Securities Certificates, an Administrative TrusteeAdministrator, on behalf of the Issuer Trust, shall subscribe to for and purchase from the Depositor Depositor, corresponding amounts of Junior Subordinated Debentures, registered in the name of the Issuer Trust and having an aggregate principal amount equal to $___________15,584,420, plus, in the event of any exercise from time to time of the over- allotment option (a) a corresponding additional number of Junior Subordinated Debentures not exceeding an aggregate principal amount of $2,250,000 and (b) a corresponding number of Junior Subordinated Debentures not exceeding an aggregate principal amount equal to the aggregate Liquidation Amount of Common Securities issued pursuant to such exercise from time to time of an over-allotment option; and, in satisfaction of the purchase price for such Junior Subordinated Debentures, the Property Trustee, on behalf of the Issuer Trust, shall deliver to the Depositor the sum of $___________. If there is a Closing Date as a result of the exercise of an 15,584,420, plus any corresponding over-allotment option amount(s) (being the sum of the amounts delivered to the Property Trustee pursuant to (a) the Underwriting Agreement, an Administrative Trustee, second sentence of the first paragraph and the second paragraph of Section 2.4 and (b) the first and second sentences of this Section 2.5) and receive the Junior Subordinated Debentures on behalf of the Issuer Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, representing up to ___________ Common Securities having an aggregate Liquidation Amount of up to $__________ against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount of up to $__________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the amount received from one of the Administrative Trustees pursuant to the last sentence of Section 2.4.

Appears in 1 contract

Samples: Trust Agreement (Allegiant Bancorp Inc)

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Issuance of the. Common Securities; Subscription and --------------------------------------------------- Purchase of Debentures. ----------------------- ---------------------- 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 Common Securities Certificates, registered in the name of the Depositor, representing ______________ Common Securities having an aggregate Liquidation Amount of $____________ against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount equal to $___________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the sum of $___________. If there is a Closing Date as a result of the exercise of an over-allotment option pursuant to the Underwriting Agreement, an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor Common Securities Certificates, registered in the name of the Depositor, representing up to ___________ Common Securities having an aggregate Liquidation Amount of up to $__________ against payment by the Depositor of such amount. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor Debentures, registered in the name of the Trust and having an aggregate principal amount of up to $__________, and, in satisfaction of the purchase price for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor the amount received from one of the Administrative Trustees pursuant to the last sentence of Section 2.4.

Appears in 1 contract

Samples: Trust Agreement (Applied Power Capital Trust Ii)

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