Trust Enforcement Event; Notice. The Trustee shall, within 90 days after the occurrence of a default with respect to the Trust Preferred Securities, transmit by mail, first class postage prepaid, to the Holders of the Trust Preferred Securities, notices of all defaults with respect to the Trust Preferred Securities actually known to the Trustee, unless such defaults shall have been cured before the giving of such notice; provided that, the Trustee shall be protected in withholding such notice if and so long as the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Preferred Securities.
Appears in 9 contracts
Samples: Trust Agreement (Ubs Preferred Funding Trust Iii), Trust Agreement (Ubs Preferred Funding Trust Iv), Trust Agreement (UBS Preferred Funding Trust VIII)
