Dissolution of Trust. (a) The Trust shall dissolve:
(i) upon the bankruptcy, insolvency or dissolution of the Bank;
(ii) upon the filing of a certificate of dissolution or its equivalent with respect to the Company;
(iii) upon the entry of a decree of a judicial dissolution of the Company or the Trust;
(iv) when the Trust Securities shall have been called for redemption and (x) the applicable Redemption Price shall have been paid to the Holders of the Trust Securities or (y) in connection with a redemption upon the occurrence of a Trust Special Redemption Event, all of the Class B Preferred Securities shall have been distributed to the Holders of the Trust Securities in exchange for the Trust Securities;
(v) with the consent thereto of a Majority of the Trust Securities, voting together as a single class; or
(vi) before the issuance of any Trust Securities, with the consent of all of the Regular Trustees and the Sponsor; provided, that, if a claim has been made under the Trust Preferred Guarantee, the Trust shall not dissolve until (x) such claim has been satisfied and the proceeds therefrom have been distributed to the Holders of the Trust Securities or (y) the Class B Preferred Securities have been distributed to the Holders of the Trust Securities pursuant to Section 9.02 hereof.
(b) As soon as is practicable after the occurrence of an event referred to in Section 9.01(a) hereof, the Trustees shall file a certificate of cancellation with the office of the Secretary of State of the State of Delaware.
(c) The provisions of Section 3.09 hereof and Article 11 hereof shall survive the termination of the Trust.
Dissolution of Trust. SECTION 8.1
Dissolution of Trust. 41 SECTION 9.02 Liquidation Distribution Upon Termination and Dissolution of the Trust................................42 ARTICLE X. Transfer Of Interests............................................42
Dissolution of Trust. The parties acknowledge that the Trust may be dissolved prior to the end of the Payment Period and that its assets, including its rights and obligations under the Agreement, may be distributed to the beneficiaries of the Trust. At or before the time of such dissolution, each beneficiary of the Trust for itself and its successors, shall appoint an individual as such beneficiary’s agent and attorney-in-fact (the “Beneficiaries’ Representative”), with full power and authority in the name of and for and on behalf of such beneficiary to act on behalf of such beneficiary for purposes of the Agreement. The Beneficiaries’ Representative shall exercise all power and authority granted to or required by Cellatope under the Agreement. The Beneficiaries’ Representative will have full power and authority to act on the beneficiaries’ behalf in any dispute, litigation, arbitration or other matter involving the Agreement. A decision, act, consent or instruction of the Beneficiaries’ Representative shall constitute a decision of all of the Beneficiaries and shall be binding and conclusive on each Beneficiary and their successors. Exagen agrees that following receipt of appropriate documentation and instructions from the trustee of the Trust prior to dissolution of the Trust or, following such dissolution; from the Beneficiaries’ Representative, it will make payments of the Milestone Consideration to the persons and in the respective amounts as instructed by the trustee or the Beneficiaries’ Representative.
Dissolution of Trust. 19 10.02. No Termination by Grantor or Owner ................................. 19 10.03.
Dissolution of Trust. (a) The Trust shall dissolve and, after satisfaction of the creditors of the Trust as required by applicable law, property held by the Trust will be distributed to the Grantor or, in the event of a Transfer, to any Owner thirty years from the date of its creation or sooner, at the option and expense, and upon written instruction of the Grantor, but in no event before payment in full of all Series of Transition Bonds.
(b) The bankruptcy of either the Grantor or any Owner or both shall not operate to terminate this Agreement, to dissolve, terminate or annul the Trust, to entitle the Grantor's or any Owner's legal representatives to claim an accounting or to take any action or Proceeding in any court for a partition or winding up of the Trust Property, nor otherwise affect the rights, obligations and liabilities of the parties hereto.
Dissolution of Trust. In the event that the Trust is dissolved for any reason, all Restricted Newegg Shares shall become Vested Newegg Shares immediately upon the effective date of the of dissolution.
Dissolution of Trust. (a) The Trust shall dissolve:
(i) when all of the Trust Securities shall have been called for redemption and the amounts necessary for redemption thereof shall have been paid to the Holders in accordance with the terms of the Trust Securities; or
(ii) upon a final distribution in respect of the Preferred Securities and such distribution has been delivered to the Holders.
(b) As soon as is practicable after the occurrence of an event referred to in Section 8.1(a), and upon completion of the winding up of the Trust in accordance with Section 8.2, the Regular Trustees shall prepare and file a certificate of cancellation with the Secretary of State of the State of Delaware. This Trust Agreement will terminate upon the effective time and date of the certificate of cancellation filed with the Secretary of State of the State of Delaware. Upon termination of this Trust Agreement and the Trust in accordance with the foregoing, the respective obligations and responsibilities of the Trustees and the Grantor shall terminate.
Dissolution of Trust. (a) The Trust shall dissolve:
(i) upon the bankruptcy, insolvency or dissolution of the Grantor;
(ii) upon the entry of a decree of judicial dissolution of the Grantor or the Trust; or
(iii) when all of the Trust Securities shall have been called for redemption and the amounts necessary for redemption thereof shall have been paid to the Holders in accordance with the terms of the Trust Securities.
(b) As soon as is practicable after the occurrence of an event referred to in Section 8.1(a), and upon completion of the winding up of the Trust in accordance with Section 8.2, the Regular Trustees shall prepare and file a certificate of cancellation with the Secretary of State of the State of Delaware. This Trust Agreement will terminate upon the effective time and date of the certificate of cancellation filed with the Secretary of State of the State of Delaware. Upon termination of this Trust Agreement and the Trust in accordance with the foregoing, the respective obligations and responsibilities of the Trustees and the Grantor shall terminate.
Dissolution of Trust. 5.1 On the date that LFSL has transferred, or procured the transfer of, all of the Proceeds standing to the credit of the Escrow Account in accordance with clause 7.5 (Application of Proceeds) of the Third Party Litigation Deed, the Trust shall be dissolved automatically and with immediate effect.
5.2 With effect from the date on which the Trust is dissolved pursuant to Clause 5.1 (Dissolution of Trust) LFSL shall have no further duties, responsibilities or obligations under this Scheme in respect of the Trust, save for such obligations as may have arisen prior to such winding up, which obligations have not as at the time of such winding up been fulfilled or discharged.
