Common use of Trust Preferred Securities Clause in Contracts

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of ______ Trust Preferred Securities against receipt of the purchase price specified in the underwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of _________ dollars ($_________). Pursuant to the procedures established in an Officers' Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX Capital Trust I __% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (CSX Capital Trust 1)

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Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or CertificatesCertificate, registered in the name of the initial Depositary or its nomineeDepositary, in an initial aggregate amount of ____________ Trust Preferred Securities against receipt Securities. Pursuant to the procedures established in an Officer's Certificate, the Trust may subsequently issue from time to time Tranches of the purchase price specified in the underwriting agreementTrust Preferred Securities. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of ____________ dollars ($_________). Pursuant to the procedures established in an Officers' Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX CNG Capital Trust I ___% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Consolidated Natural Gas Co/Va)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of ______ Trust Preferred Securities against receipt of the purchase price specified in the underwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of _________ dollars ($_________). Pursuant to the procedures established in an Officers' Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX Xxxxxx Capital Trust I II __% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Markel Corp)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nomineeDepositary, in an initial aggregate amount of _________ Trust Preferred Securities against receipt Securities. Pursuant to the procedures established in an Officer's Certificate, the Trust may subsequently issue from time to time Tranches of the purchase price specified in the underwriting agreementTrust Preferred Securities. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of ___________________ dollars Dollars ($__________). Pursuant to the procedures established in an Officers' Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX Dominion CNG Capital Trust I II ___% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Dominion CNG Capital Trust Ii)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of ______ Trust Preferred Securities against receipt of the purchase price specified in the underwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of _________ dollars ($_________$ ). Pursuant to the procedures established in an Officers' Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX Capital Trust I __% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (CSX Capital Trust 1)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of ______ 12,000,000 Trust Preferred Securities against receipt of the purchase price specified in the underwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of _________ Three Hundred Million dollars ($_________300,000,000). Pursuant to the procedures established in an Officers' Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX Dominion Resources Capital Trust I __II 8.4% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Dominion Resources Inc /Va/)

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Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or CertificatesCertificate, registered in the name of the initial Depositary or its nomineeDepositary, in an initial aggregate amount of ______ Trust Preferred Securities against receipt of the purchase price specified in the underwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of _________ dollars ($_________)Securities. Pursuant to the procedures established in an Officers' Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities shall have an aggregate Liquidation Amount with respect to the assets of the Trust of ($ ). The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX “Smithfield Capital Trust I __% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Smithfield Foods Inc)

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of ______ Trust Preferred Securities against receipt of the purchase price specified in the underwriting agreement. The Trust Preferred Securities issued on the initial Closing Date shall have with an aggregate Liquidation Amount liquidation amount with respect to the assets of the Trust of _________ dollars ($_________). Pursuant $ ) and a liquidation amount with respect to the procedures established in an Officers' Certificate, assets of the Trust may subsequently issue from time to time Tranches of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof $25 per preferred security, are hereby designated for the purpose of identification purposes only as "CSX Capital Trust I __% Trust Originated Preferred Securities" -SM-(1) (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A A-1 to this Trust Agreementthe Declaration, with such changes and additions thereto or deletions therefrom as may be required by ordinary usage, custom or practice or to conform to the rules of any stock exchange or quotation system on which the Trust Preferred Securities are listed listed. (ii) Trust Common Securities. Trust Common Securities of the Trust with an aggregate liquidation amount with respect to the assets of the Trust of dollars ($ ) and a liquidation amount with respect to the assets of the Trust of $25 per common security, are hereby designated for the purposes of identification only as % Trust Common Securities (the "Trust Common Securities" and, together with the Trust Preferred Securities, the "Trust Securities"). The Trust Common Security Certificates evidencing the Trust Common Securities shall be substantially in the form of Exhibit A-2 to the Declaration, with such changes and additions thereto or quoted.deletions therefrom as may be required by ordinary usage, custom or practice. (b) Except as provided in Section 9.2(b) of this Declaration, the Trust Preferred Securities rank PARI PASSU and ------------------------ (1) "Trust Originated Preferred Securities" and "TOPrS" are service marks of Xxxxxxx Xxxxx & Co., Inc.

Appears in 1 contract

Samples: Merrill Lynch Preferred Capital Trust Iv

Trust Preferred Securities. On the initial Closing Date, an Administrative Trustee, on behalf of the Trust, shall execute and deliver to the underwriters named in the underwriting agreement relating to such Trust Preferred Securities, a Trust Preferred Securities Certificate or Certificates, registered in the name of the initial Depositary or its nominee, in an initial aggregate amount of ______ 15,400,000 Trust Preferred Securities against receipt Securities. Pursuant to the procedures established in an Officer’s Certificate, the Trust may subsequently issue from time to time Tranches of the purchase price specified in the underwriting agreementTrust Preferred Securities. The Trust Preferred Securities issued on the initial Closing Date shall have an aggregate Liquidation Amount with respect to the assets of the Trust of _________ Three Hundred Eighty-Five Million dollars ($_________). Pursuant 385,000,000) with respect to the procedures established in an Officers' Certificate, initial closing of the Trust may subsequently issue from time to time Tranches sale of Trust Preferred Securities. The Trust Preferred Securities and any subsequent Tranches thereof are hereby designated for identification purposes only as "CSX “Virginia Power Capital Trust I __II 7.375% Trust Preferred Securities" (the "Trust Preferred Securities"). The Trust Preferred Security Certificates evidencing the Trust Preferred Securities shall be substantially in the form of Exhibit A to this Trust Agreement, 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 or quotation system on which the Trust Preferred Securities are listed or quoted.

Appears in 1 contract

Samples: Trust Agreement (Virginia Electric & Power Co)

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