Common use of Liquidation Distribution Upon Dissolution Clause in Contracts

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidation, dissolution winding-up or termination of the Trust (each, a "Liquidation"), the Holders of the Securities on the date of the dissolution will be entitled to receive out of the assets of the Trust, after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in an amount equal to the aggregate stated liquidation amount of such Securities, plus accrued and unpaid Distributions on such Securities to the date of payment (such amount being "Liquidation Distribution"), unless, in connection with such Liquidation, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders in exchange for such Securities.. If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of such dissolution, winding-up or termination, as the dissolution case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in of creditors of the Trust an amount equal to the aggregate of the stated liquidation amount of such Securities, $25 per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, in connection with such Liquidationdissolution, winding-up or termination, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidation, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions claims and obligations of the Trust as provided in Section 3808 of the Statutory Trust Act an amount equal to the aggregate of the stated liquidation amount of such Securities, $ per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being "the “Liquidation Distribution"”), unless, in connection with such Liquidationdissolution, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. (a) In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities claims and obligations of the Trust pursuant to creditorsapplicable law, distributions in an amount equal to the aggregate of the stated liquidation amount of such Securities, per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being "the “Liquidation Distribution"”), unless, in connection with such Liquidationdissolution, winding-up or termination, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securitiesamount, with an interest rate equal to the Coupon Rate ofRate, and bearing accrued and unpaid interest in an amount equal to the accrued accumulated and unpaid Distributions on, such SecuritiesSecurities outstanding at such time, shall be have been distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . Prior to any such Liquidation Distribution, the Debenture Issuer will obtain any required regulatory approval. (b) If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in creditors an amount equal to the aggregate of the stated liquidation amount of such Securities, $50 per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unlessunless such dissolution, winding-up or termination occurs in connection with such Liquidationa Special Event in which case, in accordance with Section 4(c), Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in of creditors of the trust an amount equal to the aggregate of the stated liquidation amount preference of such Securities, $[__] per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, in connection with such Liquidationdissolution, winding-up or termination, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount preference of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basisbasis in accordance with paragraph 9 hereof.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in of creditors an amount equal to the aggregate of the stated liquidation amount of such Securities, $^ per Security plus accrued accumulated and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, such dissolution, winding-up or termination occurs in connection with such Liquidationa Special Event in which, in accordance with Section 4(c), Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued accumulated and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in of creditors an amount equal to the aggregate stated of the liquidation amount of such Securities, $[ ] per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, in connection with such Liquidationdissolution, winding-up or termination, Trust Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, each a "Liquidation"), the then Holders of the Securities on the date of the dissolution Liquidation will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to of creditors, distributions in an amount equal to the aggregate of the stated liquidation amount of such Securities, $50 per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, in connection with such Liquidation, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders in exchange for such of the Securities.. . If, upon any such dissolutionLiquidation, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basisbasis in accordance with paragraph 10 below.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, each a "Liquidation"), ) the then Holders of the Securities on the date of the dissolution Liquidation will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to of creditors, distributions in an amount equal to the aggregate of the stated liquidation amount of such Securities, $30 per Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, in connection with such Liquidationa Liquidation related to a Special Event, Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders in exchange for such of the Securities.. . If, upon any such dissolutionLiquidation (other than a Liquidation related to a Special Event), the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basisbasis in accordance with paragraph 19 below.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Trust Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Trust Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in creditors of the Trust an amount equal to the aggregate of the stated liquidation amount of such Securities, $25 per Trust Security plus accrued and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, in connection with such Liquidationdissolution, Debentures winding-up or termination, Notes in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued and unpaid Distributions on, such Securities, Trust Securities shall be distributed on a Pro Rata basis to the Holders of the Trust Securities in exchange for such Trust Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Trust Securities shall be paid on a Pro Rata basis.

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidationdissolution, dissolution winding-up or termination of the Trust (each, a "Liquidation")Trust, the Holders of the Securities on the date of the dissolution dissolution, winding-up or termination, as the case may be, will be entitled to receive out of the assets of the Trust, Trust available for distribution to Holders of Securities after satisfaction (or reasonable provision for satisfaction) of liabilities to creditors, distributions in of creditors an amount equal to the aggregate of the stated liquidation amount of such Securities, $50 per Security plus accrued accumulated and unpaid Distributions on such Securities thereon to the date of payment (such amount being the "Liquidation Distribution"), unless, such dissolution, winding-up or termination occurs in connection with such Liquidationa Special Event in which, in accordance with Section 4(c), Debentures in an aggregate stated principal amount equal to the aggregate stated liquidation amount of such Securities, with an interest rate equal to the Coupon Rate of, and bearing accrued and unpaid interest in an amount equal to the accrued accumulated and unpaid Distributions on, such Securities, shall be distributed on a Pro Rata basis to the Holders of the Securities in exchange for such Securities.. . If, upon any such dissolution, the Liquidation Distribution can be paid only in part because the Trust has insufficient assets available to pay in full the aggregate Liquidation Distribution, then the amounts payable directly by the Trust on the Securities shall be paid on a Pro Rata basis.