Common use of Liquidation Distribution upon Termination and Dissolution of the Trust Clause in Contracts

Liquidation Distribution upon Termination and Dissolution of the Trust. In the event of any voluntary or involuntary dissolution of the Trust (a "Trust Liquidation"), each Holder on the date of the Trust Liquidation will be entitled to receive, out of the assets of the Trust available for distribution to Holders after satisfaction of the Trust's liabilities and creditors, if any, a Pro Rata portion of the assets of the Trust.

Appears in 2 contracts

Samples: Trust Agreement (Texas Utilities Co /Tx/), Trust Agreement (Txu Europe Funding I L P)

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Liquidation Distribution upon Termination and Dissolution of the Trust. (a) In the event of any voluntary or involuntary dissolution liquidation, dissolution, winding-up or termination of the Trust (each a "Trust Liquidation"), each Holder the Holders of the Trust Preferred Securities on the date of the Trust Liquidation will be entitled to receive, out of the assets of the Trust available for distribution to Holders of Trust Securities after satisfaction of the Trust's liabilities and creditors, if any, a Pro Rata portion of the assets of the Trust.the

Appears in 1 contract

Samples: Merrill Lynch Preferred Capital Trust Iv

Liquidation Distribution upon Termination and Dissolution of the Trust. (a) In the event of any voluntary or involuntary dissolution liquidation, dissolution, winding up or termination of the Trust (each a "Trust Liquidation"), each Holder the Holders on the date of the Trust Liquidation will be entitled to receive, out of the assets of the Trust available for distribution to Holders after satisfaction of the Trust's liabilities and creditors, if any, a Pro Rata portion of the assets of the Trust.:

Appears in 1 contract

Samples: Trust Agreement (Abn Amro Bank Nv)

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Liquidation Distribution upon Termination and Dissolution of the Trust. (a) In the event of any voluntary or involuntary dissolution liquidation, dissolution, winding up or termination of the Trust (each a "Trust Liquidation"), each Holder the Holders on the date of the Trust Liquidation will be entitled to receive, out of the assets of the Trust available for distribution to Holders after satisfaction of the Trust's ’s liabilities and creditors, if any, a Pro Rata portion of the assets of the Trust.:

Appears in 1 contract

Samples: Trust Agreement (Abn Amro Holding N V)

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