This excerpt taken from the BPOP 8-K filed Aug 26, 2009.
Section 2.5 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 Issuer Trust, shall execute 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 Common Securities having an aggregate Liquidation Amount of $1,000,000 against payment by the Depositor of the purchase price therefor in immediately available funds, which amount such Administrative Trustee shall promptly deliver to the Property Trustee. Contemporaneously therewith, an Administrative Trustee, on behalf the Issuer Trust, shall subscribe to and purchase from the Depositor Debentures registered in the name of the Issuer Trust and having an aggregate principal amount equal to $936,000,000.00 and shall deliver to the Depositor the purchase price therefor (being (i) the Series C Preferred Stock delivered to the Property Trustee pursuant to the second sentence of Section 2.4 and (ii) the amount delivered to the Property Trustee pursuant to the first sentence of this Section 2.5).