Common use of Issuance of the Clause in Contracts

Issuance of the. Common Securities; Subscription and Purchase ------------------------------------------------------------ of the Debentures. ---------------- (a) 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, in an aggregate amount of 77,321 Common Securities having an aggregate Liquidation Amount of $773,210 against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. 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 Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $25,773,210, 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 $25,773,210. (b) If the underwriters exercise the Option and there is an Option Closing Date, then 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, in an additional aggregate amount of up to 11,598 Common Securities having an aggregate Liquidation Amount of up to $115,980 against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor, additional Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount of up to $3,865,980, and, in satisfaction of the purchase price of such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor up to $3,865,980, such aggregate amount to be equal to the sum of the amounts received from the Depositor pursuant to this Section 2.5(b) and from one of the Administrative Trustees pursuant to the last sentence of Section 2.4. (c) Common Securities issued in accordance with this Section 2.5 shall be validly issued and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Abc Bancorp Capital Trust I)

Issuance of the. Common Securities; Subscription and --------------------------------------------------- Purchase ------------------------------------------------------------ of the Debentures. ---------------- (a) ----------------------- 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, Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of 77,321 representing ______________ Common Securities having an aggregate Liquidation Amount of $773,210 ____________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. 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 Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $25,773,210___________, 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 $25,773,210. (b) ___________. If the underwriters exercise the Option and there is a Closing Date as a result of the exercise of an Option Closing Dateover-allotment option pursuant to the Underwriting Agreement, then an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor, Depositor Common Securities Certificates, registered in the name of the Depositor, in an additional aggregate amount of representing up to 11,598 ___________ Common Securities having an aggregate Liquidation Amount of up to $115,980 __________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor, additional Depositor Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount of up to $3,865,980__________, and, in satisfaction of the purchase price of for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor up to $3,865,980, such aggregate the amount to be equal to the sum of the amounts received from the Depositor pursuant to this Section 2.5(b) and from one of the Administrative Trustees pursuant to the last sentence of Section 2.4. (c) Common Securities issued in accordance with this Section 2.5 shall be validly issued and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Wec Capital Trust Ii)

Issuance of the. Common Securities; Subscription ------------------------------------------------ and Purchase ------------------------------------------------------------ of the Junior Subordinated Debentures. ---------------- (a) 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, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of 77,321 56,250 Common Securities having an aggregate Liquidation Amount of $773,210 562,500 against payment receipt by the Depositor Property Trustee of the aggregate purchase price of such amount, which amount such Administrative Trustee shall promptly deliver to Common 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 Property Trustee on behalf of the Issuer Trust and having an aggregate principal amount equal to $25,773,21015,000,000, 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 $25,773,210. 15,000,000, plus any corresponding over-allotment option amount(s) (b) If the underwriters exercise the Option and there is an Option Closing Date, then 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, in an additional aggregate amount of up to 11,598 Common Securities having an aggregate Liquidation Amount of up to $115,980 against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor, additional Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount of up to $3,865,980, and, in satisfaction of the purchase price of such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor up to $3,865,980, such aggregate amount to be equal to being the sum of the amounts received from delivered to the Depositor Property Trustee pursuant to (a) the 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(b2.5) and from one receive the Junior Subordinated Debentures on behalf of the Administrative Trustees pursuant to the last sentence of Section 2.4Issuer Trust. (c) Common Securities issued in accordance with this Section 2.5 shall be validly issued and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Allegiant Capital Trust I)

Issuance of the. Common Securities; Subscription and --------------------------------------------------- Purchase ------------------------------------------------------------ of the Debentures. ---------------- (a) ---------------------- 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, Depositor Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of 77,321 representing ______________ Common Securities having an aggregate Liquidation Amount of $773,210 ____________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. 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 Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $25,773,210___________, 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 $25,773,210. (b) ___________. If the underwriters exercise the Option and there is a Closing Date as a result of the exercise of an Option Closing Dateover-allotment option pursuant to the Underwriting Agreement, then an Administrative Trustee, on behalf of the Trust, shall execute in accordance with Section 5.2 and deliver to the Depositor, Depositor Common Securities Certificates, registered in the name of the Depositor, in an additional aggregate amount of representing up to 11,598 ___________ Common Securities having an aggregate Liquidation Amount of up to $115,980 __________ against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor, additional Depositor Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount of up to $3,865,980__________, and, in satisfaction of the purchase price of for such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor up to $3,865,980, such aggregate the amount to be equal to the sum of the amounts received from the Depositor pursuant to this Section 2.5(b) and from one of the Administrative Trustees pursuant to the last sentence of Section 2.4. (c) Common Securities issued in accordance with this Section 2.5 shall be validly issued and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Applied Power Capital Trust Ii)

Issuance of the. Common Securities; Subscription and Purchase ------------------------------------------------------------ of the Debentures. ---------------- (a) 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, in an aggregate amount of 77,321 92,785 Common Securities having an aggregate Liquidation Amount of $773,210 927,850 against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. 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 Property Trustee on behalf of the Trust and having an aggregate principal amount equal to $25,773,21030,927,850, 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 $25,773,21030,927,850. (b) If the underwriters exercise the Option and there is an Option Closing Date, then 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, in an additional aggregate amount of up to 11,598 13,918 Common Securities having an aggregate Liquidation Amount of up to $115,980 139,180 against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor, additional Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount of up to $3,865,980, 4,639,180 and, in satisfaction of the purchase price of such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor up to $3,865,980, 4,639,180 such aggregate amount to be equal to the sum of the amounts received from the Depositor pursuant to this Section 2.5(b) and from one of the Administrative Trustees pursuant to the last sentence of Section 2.4. (c) Common Securities issued in accordance with this Section 2.5 shall be validly issued and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Abc Bancorp Capital Trust I)

Issuance of the. Common Securities; Subscription ------------------------------------------------ and Purchase ------------------------------------------------------------ of the Junior Subordinated Debentures. ---------------- (a) 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, Common Securities Certificates, registered in the name of the Depositor, in an aggregate amount of 77,321 58,442 Common Securities having an aggregate Liquidation Amount of $773,210 584,420 against payment receipt by the Depositor Property Trustee of the aggregate purchase price of such amount, which amount such Administrative Trustee shall promptly deliver to Common 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 Property Trustee on behalf of the Issuer Trust and having an aggregate principal amount equal to $25,773,21015,584,420, 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 $25,773,210. 15,584,420, plus any corresponding over-allotment option amount(s) (b) If the underwriters exercise the Option and there is an Option Closing Date, then 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, in an additional aggregate amount of up to 11,598 Common Securities having an aggregate Liquidation Amount of up to $115,980 against payment by the Depositor of such amount, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf of the Trust, shall subscribe to and purchase from the Depositor, additional Debentures, registered in the name of the Property Trustee on behalf of the Trust and having an aggregate principal amount of up to $3,865,980, and, in satisfaction of the purchase price of such Debentures, the Property Trustee, on behalf of the Trust, shall deliver to the Depositor up to $3,865,980, such aggregate amount to be equal to being the sum of the amounts received from delivered to the Depositor Property Trustee pursuant to (a) the 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(b2.5) and from one receive the Junior Subordinated Debentures on behalf of the Administrative Trustees pursuant to the last sentence of Section 2.4Issuer Trust. (c) Common Securities issued in accordance with this Section 2.5 shall be validly issued and entitled to the benefits of this Trust Agreement.

Appears in 1 contract

Sources: Trust Agreement (Allegiant Bancorp Inc)