Exchange of Trust Securities for Debentures. (a) At any time, the Company shall have the right to dissolve the Trust and cause the Debentures to be distributed to the holders of the Preferred Securities in dissolution of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 8 contracts
Samples: Agreement and Plan of Merger (Capital Senior Living Corp), Agreement and Plan of Merger (Capital Senior Living Corp), Dayton Superior Capital Trust
Exchange of Trust Securities for Debentures. (a) At any time, the Company shall have the right to dissolve terminate the Trust and cause the Debentures to be distributed to the holders of the Preferred Trust Securities in dissolution liquidation of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 2 contracts
Exchange of Trust Securities for Debentures. (a) At any time, the Company shall have the right to dissolve terminate the Trust and cause the 1998A Debentures to be distributed to the holders of the Preferred Trust Securities in dissolution liquidation of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 2 contracts
Samples: General Terms (El Paso Energy Capital Trust I), El Paso Natural Gas Co
Exchange of Trust Securities for Debentures. (a) At any time, the Company shall have the right to dissolve terminate the Trust and cause the Debentures to be distributed to the holders of the Preferred Securities in dissolution liquidation of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 2 contracts
Samples: Big Flower Holdings Inc, Host Marriott Corp/Md
Exchange of Trust Securities for Debentures. (a) At any time, the Company shall have the right to dissolve the Series A Trust and cause the Series A Debentures to be distributed to the holders of the Preferred Securities in dissolution liquidation of the Series A Trust after satisfaction of liabilities to creditors of the Series A Trust as provided by applicable law.
Appears in 1 contract
Exchange of Trust Securities for Debentures. (a) At any time, time the Company shall have the right to dissolve terminate the Trust and cause the Debentures to be distributed to the holders of the Preferred Trust Securities in dissolution liquidation of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 1 contract
Samples: KBK Capital Trust I
Exchange of Trust Securities for Debentures. (a) At any ------------------------------------------- time, the Company shall have the right to dissolve terminate the Trust and cause the Debentures to be distributed to the holders of the Preferred Securities in dissolution liquidation of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 1 contract
Samples: Trust Agreement (Alcoa Inc)
Exchange of Trust Securities for Debentures. (a) At any time, the Company shall have the right to dissolve the Trust and cause the Debentures to be distributed to the holders of the Preferred Securities in dissolution liquidation of the Trust after satisfaction of liabilities to creditors of the Trust as provided by applicable law.
Appears in 1 contract
Samples: United Rentals Inc /De
