Fixing of Record Date for Holders. of the Trust Preferred Securities. Each Regular Distribution on the Trust Preferred Securities shall be payable to the Holders of record as they appear on the Register on the corresponding record date. The record date for Regular Distributions is the fifteenth calendar day prior to the relevant distribution date. Whenever any other distribution shall become payable, or whenever the Trustee shall receive notice of any meeting at which holders of the Company Preferred Securities are entitled to vote or of which holders of the Company Preferred Securities are entitled to notice, the Trustee shall in each such instance fix a record date (which shall be the same date as the record date fixed by the Grantor with respect to the Company Preferred Securities, of which the Grantor shall promptly inform the Trustee) for the determination of the Holders of the Trust Preferred 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 9 contracts
Samples: Trust Agreement (Ubs Preferred Funding Trust Iv), Trust Agreement (Ubs Preferred Funding Trust Iv), Trust Agreement (Ubs Preferred Funding Co LLC I)
