Common use of Distributions in Liquidation of Grantor Clause in Contracts

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference from the Grantor upon the liquidation of the Grantor, after satisfaction of creditors of the Trust required by applicable law, the Trust shall distribute the same to Holders of the Trust Preferred Securities on the record date therefor, in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to the Trust Preferred Securities held by such Holders.

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference from the Grantor upon the liquidation of the Grantor, after satisfaction of creditors of the Trust as required by applicable law, the Trust shall distribute the same to the Holders of the Trust Preferred Securities on the record date thereforfixed pursuant to Section 4.04, in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to which were exchangeable for the Trust Preferred Securities held by such Holders.

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference from the Grantor upon the liquidation of the Grantor, after satisfaction of creditors of the Trust as required by applicable law, the Trust shall distribute the same to the Holders of the Trust Preferred Securities on the record date thereforfixed pursuant to Section 5.04, in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to the Trust Preferred Securities held by such Holders.]

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference from the Grantor upon the liquidation of the Grantor, after satisfaction of creditors of the Trust required by applicable law, the Trust shall distribute the same to Holders of the Trust Preferred Securities on the record date therefor, in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to the Trust Preferred Securities held by such Holders.]

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference distribution from the Grantor upon the liquidation of the GrantorGrantor or any payment under the Guarantee in respect thereof pursuant to Article V of this Trust Agreement, after satisfaction of creditors of the Trust as required by applicable law, the Trust Trustee shall distribute to the same to Holders of the Trust Preferred Securities Receipts on the record date thereforfixed pursuant to Section 4.04, such amounts in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to which were represented by the Trust Preferred Securities Receipts held by such Holders.

Distributions in Liquidation of Grantor. Upon and to the extent of receipt by the Trust of any Liquidation Preference distribution from the Grantor upon the liquidation of the GrantorGrantor or any payment under the Guarantee in respect thereof pursuant to Article V of this Trust Agreement, after satisfaction of creditors of the Trust as required by applicable law, the Trust Trustee shall distribute to the same to Holders of the Trust Preferred Capital Securities on the record date thereforfixed pursuant to Section 4.04, such amounts in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to which were represented by the Trust Preferred Capital Securities held by such Holders.

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference from the Grantor upon the liquidation of the Grantor, after satisfaction of creditors of the Trust required by applicable law, the Trust shall distribute the same to Holders of the Trust Preferred Securities on the record date therefor, in proportion to the respective Liquidation Preference of the number of Company Preferred Securities corresponding to which were represented by the Trust Preferred Securities held by such Holders.

Distributions in Liquidation of Grantor. Upon receipt by the Trust of any Liquidation Preference from the Grantor upon the liquidation of the Grantor, after satisfaction of creditors of the Trust as required by applicable law, the Trust shall distribute the same to the Holders of the Trust Preferred Securities on the record date thereforfixed pursuant to Section 4.04, in proportion to the respective Liquidation Preference liquidation preference of the number of Company Preferred Securities corresponding to which were represented by the Trust Preferred Securities held by such Holders.