Common use of Fixing of Record Date for Holders of Trust Securities Clause in Contracts

Fixing of Record Date for Holders of Trust Securities. The record date for the Distributions provided for in the Trust Agreement shall be on the 15th day of the month in which the Distribution date falls. Whenever any other distribution (other than upon any redemption) shall become payable, or whenever the Property Trustee shall receive notice of any meeting at which holders of Preferred Securities are entitled to vote or of which holders of Preferred Securities are entitled to notice, the Property Trustee shall in each such instance fix a record date (which shall be the same date as the record date fixed by the General Partner with respect to the Preferred Securities) for the determination of the Holders of Trust Securities who shall be entitled (i) to receive such distribution or (ii) to receive notice of, and to give instructions for the exercise of voting rights at, any such meeting.

Appears in 2 contracts

Samples: Trust Agreement (Met Ed Capital Trust), Trust Agreement (Penelec Capital Trust)

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Fixing of Record Date for Holders of Trust Securities. The record date for the Distributions provided for in the Trust Agreement Section 6.5 shall be on the 15th day of the month in which the Distribution Distributions date falls. Whenever any other distribution Distribution (other than upon any redemption) shall become payable, or whenever the Property Trustee shall receive notice of any meeting at which holders of Preferred Securities are entitled to vote or of which holders of Preferred Securities are entitled to notice, the Property Trustee Regular Trustees shall in each such instance fix a record date (which shall be the same date as the record date fixed by the General Partner with respect to the Preferred Securities, of which the Regular Trustees shall promptly inform the Property Trustee) for the determination of the Holders of Trust Securities who shall be entitled (i) to receive such distribution or Distribution, and (ii) to receive notice of, and to give instructions for the exercise of voting rights at, any such meeting.

Appears in 2 contracts

Samples: Trust Agreement (Met Ed Capital Trust), Trust Agreement (Penelec Capital Trust)

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Fixing of Record Date for Holders of Trust Securities. The record date for the Distributions provided for in the Trust Agreement shall be on the 15th day of the month in which the Distribution date falls. Whenever any other distribution (other than upon any redemption) shall become payable, or whenever the Property Trustee shall receive notice of any meeting at which holders of Preferred Securities are entitled to vote or of which holders of Preferred Securities are entitled to notice, the 3 Property Trustee shall in each such instance fix a record date (which shall be the same date as the record date fixed by the General Partner with respect to the Preferred Securities) for the determination of the Holders of Trust Securities who shall be entitled (i) to receive such distribution or (ii) to receive notice of, and to give instructions for the exercise of voting rights at, any such meeting.

Appears in 1 contract

Samples: Trust Agreement (Metropolitan Edison Co)

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