Common use of Trust Enforcement Event; Notice Clause in Contracts

Trust Enforcement Event; Notice. The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement Event, transmit by mail, first class postage prepaid, to the Holders of the Trust Securities, notices of all Events of Default with respect to the Trust Securities actually known to a Responsible Officer of the Property Trustee, unless such Events of Default have been cured before the giving of such notice (the term "Events of Default" for the purposes of this Section 2.07 being hereby defined to be defaults as defined in the Trust Securities Guarantee and the LLC Agreement, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided that, the Property Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities.

Appears in 1 contract

Samples: Trust Agreement (Abn Amro Bank Nv)

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Trust Enforcement Event; Notice. (a) The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement EventEvent actually known to a Responsible Officer of the Property Trustee, transmit by mail, first class postage prepaid, to the Holders of the Trust Securities, notices of all Events of Default such defaults with respect to the Trust Securities actually known to a Responsible Officer of the Property TrusteeSecurities, unless such Events of Default defaults have been cured before the giving of such notice (the term "Events of Defaultdefaults" for the purposes of this Section 2.07 2.7(a) being hereby defined to be defaults as defined in the Trust Securities Guarantee and the LLC Agreementan Indenture Event of Default, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided that, except for a default in the payment of principal of (or premium, if any) or interest on any of the Debentures, the Property Trustee shall be protected fully in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities. (b) The Property Trustee shall not be deemed to have knowledge of any default except: (i) a default under Sections 5.1(1) and 5.1(2) of the Indenture; or

Appears in 1 contract

Samples: Trust Agreement (Us Bancorp \De\)

Trust Enforcement Event; Notice. The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement Event, transmit by mail, first class postage prepaid, to the Holders of the Trust Securities, notices of all Events of Default with respect to the Trust Securities actually known to a Responsible Officer of the Property Trustee, unless such Events of Default have been cured before the giving of such notice (the term "Events of Default" for the purposes of this Section 2.07 being hereby defined to be defaults as defined in the Trust Securities Guarantee and the LLC Company Securities Rights Agreement, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided that, the Property Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities.

Appears in 1 contract

Samples: Trust Agreement (Abn Amro Bank Nv)

Trust Enforcement Event; Notice. The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement Event, transmit by mail, first class postage prepaid, to the Holders of the Trust Securities, notices of all Events of Default with respect to the Trust Securities actually known to a Responsible Officer of the Property Trustee, unless such Events of Default have been cured before the giving of such notice (the term "β€œEvents of Default" ” for the purposes of this Section 2.07 being hereby defined to be defaults as defined in the Trust Securities Guarantee and the LLC Agreement, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided that, the Property Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities.

Appears in 1 contract

Samples: Trust Agreement (Abn Amro Holding N V)

Trust Enforcement Event; Notice. The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement Event, transmit by mail, first class postage prepaid, to the Holders of the Trust SecuritiesHolders, notices of all Events of Default defaults with respect to the Preferred Trust Securities actually known to a Responsible Officer of the Property Trustee, unless such Events of Default defaults have been cured before the giving of such notice (the term "Events of Defaultdefaults" for the purposes of this Section 2.07 being hereby defined to be defaults as defined in the Trust Securities Guarantee and Guarantees or the LLC Limited Partnership Agreement, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided thatprovided, that except for a default in the payment of principal of (or premium, if any) or interest on any of the Affiliate Investment Instruments or in the payment of any sinking fund installment established for the Affiliate Investment Instruments, the Property Trustee shall be fully protected in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust SecuritiesHolders.

Appears in 1 contract

Samples: Trust Agreement (Txu Europe Funding I L P)

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Trust Enforcement Event; Notice. (a) The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement EventEvent actually known to a Responsible Officer of the Property Trustee, transmit by mail, first class postage prepaid, to the Holders of the Trust Securities, notices of all Events of Default such defaults with respect to the Trust Securities actually known to a Responsible Officer of the Property TrusteeSecurities, unless such Events of Default defaults have been cured before the giving of such notice (the term "Events of Defaultdefaults" for the purposes of this Section 2.07 2.7(a) and (b) being hereby defined to be defaults as defined in the Trust Securities Guarantee and the LLC Agreementan Indenture Event of Default, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided that, except for a default in the payment of principal of (or premium, if any) or interest on any of the Notes, the Property Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities.

Appears in 1 contract

Samples: Trust Agreement (Energy East Capital Trust Ii)

Trust Enforcement Event; Notice. (a) The Property Trustee shall, within 90 days after the occurrence of a Trust Enforcement EventEvent actually known to a Responsible Officer of the Property Trustee, transmit by mail, first class postage prepaid, to the Holders of the Trust Securities, notices of all Events of Default such defaults with respect to the Trust Securities actually known to a Responsible Officer of the Property TrusteeSecurities, unless such Events of Default defaults have been cured before the giving of such notice (the term "Events of Defaultdefaults" for the purposes of this Section 2.07 2.7(a) being hereby defined to be defaults as defined in the Trust Securities Guarantee and the LLC Agreementan Indenture Event of Default, not including any periods of grace provided for therein and irrespective of the giving of any notice provided therein); provided that, except for a default in the payment of principal of (or premium, if any) or interest on any of the Debentures, the Property Trustee shall be protected fully in withholding such notice if and so long as a Responsible Officer of the Property Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Trust Securities.such

Appears in 1 contract

Samples: Indenture (Comerica Capital Trust Ii)

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