Early Dissolution. Upon the first to occur of any of the following events (such first occurrence, an "Early Termination Event"): (i) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor; (ii) the redemption of all of the Preferred Trust Securities; (iii) an order for judicial dissolution of the Trust having been entered by a court of competent jurisdiction; (iv) the election by the Depositor to dissolve the Trust and, after satisfaction of liabilities to creditors of the Trust, distribute the Debentures to the Holders of Preferred Trust Securities in liquidation of the Trust; the Trust shall dissolve and the Trustees shall take such action as is required by Section 9.04.
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Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co), Trust Agreement (American Electric Power Co Inc)
Early Dissolution. Upon the first to occur of any of the following events (such first occurrence, an "Early Termination Event"):
(i) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor;
(ii) the redemption of all of the Preferred Trust Securities;
(iii) an order for judicial dissolution of the Trust having been entered by a court of competent jurisdiction;
(iv) the election by the Depositor to dissolve the Trust and, after satisfaction of liabilities to creditors of the Trust, distribute the Debentures Subordinated Notes to the Holders of Preferred Trust Securities in liquidation of the Trust; the Trust shall dissolve and the Trustees shall take such action as is required by Section 9.04.
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Samples: Trust Agreement (PPL Corp)
Early Dissolution. Upon the first to occur of any of the following events (such first occurrence, an "βEarly Termination Event"β):
(i) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor;
(ii) the redemption of all of the Preferred Trust Securities;
(iii) an order for judicial dissolution of the Trust having been entered by a court of competent jurisdiction;
(iv) the election by the Depositor to dissolve the Trust and, after satisfaction of liabilities to creditors of the Trust, distribute the Debentures to the Holders of Preferred Trust Securities in liquidation of the Trust; the Trust shall dissolve and the Trustees shall take such action as is required by Section 9.04.
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