Common use of Special Depositor Wind-Up Event Clause in Contracts

Special Depositor Wind-Up Event. If the Depositor (or, if applicable, its permitted assignee) owns 100% of the Units, then it shall have the power to designate a distribution of the Trust Property to the Unitholders and the termination of the Trust (a "Special Depositor Wind-Up Event") pursuant to this Article IX.

Appears in 9 contracts

Samples: Structured Asset Trust (MS Structured Asset Corp), Trust Agreement (MS Structured Asset Corp), Trust Agreement (MS Structured Asset Corp)

AutoNDA by SimpleDocs

Special Depositor Wind-Up Event. If the Depositor (or, if applicable, its permitted assignee) owns 100% of the UnitsCertificates, then it shall have the power to designate a distribution of the Trust Property to the Unitholders Holders and the termination of the Trust (a "Special Depositor Wind-Up Event") pursuant to this Article IX.

Appears in 3 contracts

Samples: Trust Agreement (Comcertz Abs Corp), Trust Agreement (Comcertz Abs Corp), Comcertz Abs Corp

AutoNDA by SimpleDocs

Special Depositor Wind-Up Event. If the Depositor (or, if applicable, its permitted assignee) owns 100% of the Units, then it shall have the power to designate a distribution of the Trust Property to the Unitholders and the termination of the Trust (a "β€œSpecial Depositor Wind-Up Event"”) pursuant to this Article IX.

Appears in 1 contract

Samples: Structured Asset Trust (MS Structured Asset Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.