Corporate Events, Derived Assets and Failed Trades Sample Clauses

Corporate Events, Derived Assets and Failed Trades. A Corporate Event includes a payment of a dividend, coupon, redemption amount, exchange or analogous event. If a Corporate Action or a Corporate Event occurs, then, to the extent that any Derived Assets are actually received by the Company as a result, such Derived Assets will (unless the Court otherwise orders) be accounted for as part of the Trust Assets from which they are derived. If any Failed Trades are outstanding in relation to the relevant Trust Assets, no action will be taken in respect of any Corporate Action unless each party to such Failed Trade gives its written consent to the proposed Corporate Action and waives any right of action against the Company and the Company Released Parties arising out of, in connection with or as a result of the carrying out of the Instructions.
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Related to Corporate Events, Derived Assets and Failed Trades

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