Statutory Trust Securities definition

Statutory Trust Securities means the common securities and preferred securities issued pursuant to the Statutory Declaration of Trust.
Sample 1Sample 2Sample 3

Examples of Statutory Trust Securities in a sentence

  • Except as set forth on Schedule 4.11(a), Liberty owns all of the issued and outstanding shares of BankLiberty Common Stock and the Statutory Trust Securities that are common securities, free and clear of any Encumbrances.

  • At the Effective Time, Central will assume Liberty’s obligations and acquire its rights relating to the Statutory Trust, including Liberty’s obligations and rights under the Statutory Trust Debentures, Statutory Trust Securities and the other Statutory Trust Agreements.

  • Stewardship is the lawful record and beneficial owner of all of the Statutory Trust Securities that are common securities.

  • Th e ge n e ra l r eg u l a- t io n s gove rn i n g s afe t y zo n es co n t a i n ed i n § 165.23 a ppl y .

  • Subject to the terms of the Statutory Trust Securities, immediately prior to the Closing, Liberty will pay, or cause to be paid, to the proper Persons all deferred and accrued but unpaid interest and any outstanding fees relating to the Statutory Trust Debentures and the Statutory Trust.

  • Stewardship has not exercised its right to defer payments of interest on the Statutory Trust Securities pursuant to the Statutory Trust Debentures.

  • Liberty is the lawful record and beneficial owner of all of the Statutory Trust Securities that are common securities.

Related to Statutory Trust Securities

  • Trust Securities means the Common Securities and the Capital Securities.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. as the same may be amended from time to time.

  • Preferred Securities has the meaning specified in the first recital of this Indenture.

  • Trust Preferred Securities any preferred securities issued by a Trust Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Delaware Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code.

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • Delaware Statutory Trust Statute means the provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801, et seq., as such Act may be amended from time to time.

  • Preferred Guarantee Trustee means Wilmington Trust Company, until a Successor Preferred Guarantee Trustee has been appointed and has accepted such appointment pursuant to the terms of this Preferred Securities Guarantee and thereafter means each such Successor Preferred Guarantee Trustee.

  • Trust Securities Certificate means any one of the Common Securities Certificates or the Preferred Securities Certificates.

  • Common Securities means the securities representing common undivided beneficial interests in the assets of the Issuer.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • New Securities Trustee means a bank or trust company reasonably satisfactory to the Initial Purchasers, as trustee with respect to the New Securities under the New Securities Indenture.

  • Successor Capital Securities Guarantee Trustee means a successor Capital Securities Guarantee Trustee possessing the qualifications to act as Capital Securities Guarantee Trustee under Section 4.1.

  • Capital Securities Guarantee Trustee means The Bank of New York, a New York banking corporation, until a Successor Capital Securities Guarantee Trustee has been appointed and has accepted such appointment pursuant to the terms of this Series B Capital Securities Guarantee and thereafter means each such Successor Capital Securities Guarantee Trustee.

  • Successor Preferred Guarantee Trustee means a successor Preferred Guarantee Trustee possessing the qualifications to act as Preferred Guarantee Trustee under Section 4.1.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • Original Trust Agreement has the meaning specified in the recitals to this Trust Agreement.

  • Agency Securities means negotiable debt obligations which are fully guaranteed as to both principal and interest by the Federal National Mortgage Association, the Government National Mortgage Association or the Federal Home Loan Mortgage Corporation, but excluding (i) interest only and principal only securities and (ii) Collateralized Mortgage Obligations, Real Estate Mortgage Investment Conduits and similar derivative securities.

  • institutional trustee means the Trustee.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Principal Trust Deed means the principal trust deed 17 April 2013 between the Lender and the Trustee, as it may be amended or supplemented from time to time.