Common use of Sponsor's Purchase of Common Securities Clause in Contracts

Sponsor's Purchase of Common Securities. On the Closing Date, the Sponsor will purchase all of the Common Securities issued by the Trust in an amount at least equal to 3% of the capital of the Trust, at the same time as the Capital Securities are sold.

Appears in 17 contracts

Samples: First Community Bancorp /Ca/, Coast Bancorp/Ca, State National Bancshares, Inc.

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Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount at least equal to 33.0% of the capital of the Trust, at the same time as the Capital Preferred Securities are sold.

Appears in 1 contract

Samples: Kennametal Financing I

Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all an amount of the Common Securities issued by the Trust in an such that the aggregate liquidation amount of such Common Securities purchased by the Sponsor shall at such date equal at least equal to 3% of the total capital of the Trust, at the same time as the Capital Securities are sold.

Appears in 1 contract

Samples: Zenith National Insurance Corp

Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount equal to at least equal to 3% of the capital of the Trust, at the same time as the Capital Securities are sold.

Appears in 1 contract

Samples: MDC Holdings Inc

Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount equal to at least equal to 3% of the capital of the Trust, at the same time as the Capital Preferred Securities are sold.

Appears in 1 contract

Samples: Reliastar Financing V

Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount equal to at least equal to 3% of the capital of the Trust, at the same time as the Capital Securities are sold.

Appears in 1 contract

Samples: Guarantee Agreement (Land O Lakes Inc)

Sponsor's Purchase of Common Securities. On the Closing Date, the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount at least equal to 3% of the capital of the Trust, at the same time as the Capital Preferred Securities are sold.

Appears in 1 contract

Samples: Guarantee Agreement (NVP Capital Iii)

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Sponsor's Purchase of Common Securities. On the Closing ---------------------------------------- Date, the Sponsor will purchase all of the Common Securities issued by the Trust in an amount at least equal to 3% of the capital of the Trust, at the same time as the Capital Securities are sold.

Appears in 1 contract

Samples: Community Capital Bancshares Inc

Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount at least equal to 3% of the capital of the Trust, at the same time as the Capital Trust Preferred Securities are sold.

Appears in 1 contract

Samples: Nuevo Energy Co

Sponsor's Purchase of Common Securities. On the Closing DateDate at the same time as the Preferred Securities are sold, the Sponsor will purchase all of the Common Securities issued by the Trust Trust, in an amount at least equal to 3% of the aggregate capital of the Trust, at the same time as the Capital Securities are soldTrust after giving effect to such sale of Preferred Securities.

Appears in 1 contract

Samples: Protective Life Corp

Sponsor's Purchase of Common Securities. On the Closing Date, Date the Sponsor will purchase all an amount of the Common Securities issued by the Trust in an such that the aggregate liquidation amount of such Common Securities purchased by the Sponsor shall at least such date equal to 3% of the total capital of the Trust, at the same time as the Capital Securities are sold.

Appears in 1 contract

Samples: Transfer and Exchange

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