Common use of Liquidation Clause in Contracts

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 102 contracts

Samples: Trust Agreement (Paragon Commercial CORP), Trust Agreement (Entegra Financial Corp.), Trust Agreement (Wilshire Bancorp Inc)

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Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 52 contracts

Samples: Trust Agreement (Bresler & Reiner Inc), Trust Agreement (Stifel Financial Corp), Trust Agreement (Georgia Bancshares Inc//)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(aSECTION 9.2(A), (bB) or (dD) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(dSECTION 9.4(D). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 4 contracts

Samples: Trust Agreement (Bankatlantic Bancorp Inc), Trust Agreement (Uici), Trust Agreement (Uici)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or or, upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 3 contracts

Samples: Trust Agreement (Great Wolf Resorts, Inc.), Trust Agreement (Alesco Financial Inc), Trust Agreement (Great Wolf Resorts, Inc.)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by not less than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Bnccorp Inc), Trust Agreement (Vib Corp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), clause (bi) or (div) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributingof Section 9.02 occurs, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, the Trust shall be liquidated by the Trustees as expeditiously as the Trustees determine to be possible by distributing to each Holder Securityholder a Like Amount of NotesDebentures, subject to Section 9.4(d9.04(e). Notice of liquidation shall be given by the Property Trustee Administrative Trustees by first-class mail, postage prepaid, mailed not less later than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Security Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Tu Electric Capital I), Trust Agreement (Tu Electric Capital Ii)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of NotesICONs, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (National City Corp), Trust Agreement (National City Corp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), clause (bi) or (div) occurs or upon of Section 9.02 occurs, after satisfaction of liabilities to creditors of the Expiration DateTrust as provided by applicable law, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine determines to be possible appropriate by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, distributing to each Holder Securityholder a Like Amount of NotesDebentures, subject to Section 9.4(d9.04(e). Notice of liquidation shall be given by the Property Trustee Administrative Trustees by first-class mail, postage prepaid, mailed not less later than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Security Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Agreement (Texas Utilities Electric Co), Agreement (Texas Utilities Electric Co)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee shall Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of NotesDebt Securities, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by not less than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Pd Capital Trust Ii)

Liquidation. (a) If an Early Termination Event specified in Section SECTION 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section SECTION 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (San Joaquin Bancorp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, . subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Tower Group, Inc.)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee shall Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by not less than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (MRM Capital Trust Iii)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee 55 not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (First Acceptance Corp /De/)

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Liquidation. (a) If an Early a Termination Event specified in Section 9.2(a), clause (ba) or (dc) occurs or upon the Expiration Dateof Section 9.03 occurs, the Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee shall Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of NotesTrust Debentures, subject to Section 9.4(d9.05(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid mailed not less than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (GE Capital Trust I)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (dc) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: And (Southcoast Financial Corp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), . (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Hanmi Financial Corp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors claims and obligations of the Trust as provided by applicable law, to each Holder a Like Amount of Notes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (First Chester County Corp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) 9.02 occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee shall Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder Securityholder a Like Amount of NotesDebentures, subject to Section 9.4(d9.04(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not less later than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Bridge Bancorp Inc)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), (b) or (d) occurs or upon the Expiration Date, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Holder a Like Amount of NotesICONs, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee not less than thirty (30) nor more than sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (National City Corp)

Liquidation. (a) If an Early Termination Event specified in Section 9.2(a), clause (bi) or (div) occurs or upon of Section 9.02 occurs, after satisfaction of liabilities to creditors of the Expiration DateTrust as provided by applicable law, the Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee shall determine determines to be possible appropriate by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, distributing to each Holder Securityholder a Like Amount of NotesDebentures, subject to Section 9.4(d9.04(e). Notice of liquidation shall be given by the Property Trustee Administrative Trustees by first-class mail, postage prepaid, mailed not less later than thirty (30) 30 nor more than sixty (60) 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder’s 's address appearing in the Securities Security Register. All such notices of liquidation shall:: (i) state the Liquidation Date;

Appears in 1 contract

Samples: Trust Agreement (Tu Electric Capital Iii)

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