Common use of Trust Property Made Available Clause in Contracts

Trust Property Made Available. (a) Subject to Section 9.04, as promptly as possible after the occurrence of a Trust Wind-up Event or Liquidation Event, and in any case within three Business Days following such occurrence, the Trustee shall provide notice to the Holders and the Rating Agencies of the occurrence of a Trust Wind-up Event or Liquidation Event, the termination of the Swap Agreement or the particular Affected Transaction(s) thereunder, the amount of any related Termination Payment and a notice of the rights of the Holders under Section 9.03(c). In the case of a Trust Wind-Up Event, subject to Section 9.01, the Trustee shall also provide notice to the Holders and the Rating Agencies of the termination of the Trust and that Holders should surrender their Certificates to the Trustee, or deliver security or indemnity acceptable to the Trustee, for their respective pro rata distributions of the Underlying Securities and any other remaining Trust Property, if any. Such notice to the Holders and the Rating Agencies shall also specify (i) the cause of the Trust Wind-up Event, (ii) the location and hours of the Corporate Trust Office at which Certificates should be presented and surrendered and (iii) that each Holder must supply transfer instructions in writing with respect to the Underlying Securities and/or other Trust Property to be distributed in cash or in kind.

Appears in 3 contracts

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

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Trust Property Made Available. (a) Subject to Section 9.04, as promptly as possible after the occurrence of a Trust Wind-up Event or Liquidation Event, and in any case within three Business Days following such occurrence, the Trustee shall provide notice to the Holders Unitholders and the Rating Agencies of the occurrence of a Trust Wind-up Event or Liquidation Event, the termination of the Swap Agreement or the particular Affected Transaction(s) thereunder, the amount of any related Termination Payment and a notice of the rights of the Holders Unitholders under Section 9.03(c). In the case of a Trust Wind-Up Event, subject to Section 9.01, the Trustee shall also provide notice to the Holders Unitholders and the Rating Agencies of the termination of the Trust and that Holders should surrender their Certificates Units to the Trustee, or deliver security or indemnity acceptable to the Trustee, for their respective pro rata distributions of the Underlying Securities and any other remaining Trust Property, if any. Such notice to the Holders Unitholders and the Rating Agencies shall also specify (i) the cause of the Trust Wind-up Event, (ii) the location and hours of the Corporate Trust Office at which Certificates Units should be presented and surrendered and (iii) that each Holder must supply transfer instructions in writing with respect to the Underlying Securities and/or other Trust Property to be distributed in cash or in kind.

Appears in 2 contracts

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

Trust Property Made Available. (a) Subject to Section 9.04, as promptly as possible after the occurrence of a Trust Wind-up Event or Liquidation Event, and in any case within three Business Days following such occurrence, the Trustee shall provide notice to the Holders Unitholders and the Rating Agencies of the occurrence of a Trust Wind-up Event or Liquidation Event, the termination of the Swap Agreement or the particular Affected Transaction(s) thereunder, the amount of any related Termination Payment and a notice of the rights of the Holders Unitholders under Section 9.03(c)) . In the case of a Trust Wind-Up Event, subject to Section 9.01, the Trustee shall also provide notice to the Holders Unitholders and the Rating Agencies of the termination of the Trust and that Holders should surrender their Certificates Units to the Trustee, or deliver security or indemnity acceptable to the Trustee, for their respective pro rata distributions of the Underlying Securities and any other remaining Trust Property, if any. Such notice to the Holders Unitholders and the Rating Agencies shall also specify (i) the cause of the Trust Wind-up Event, (ii) the location and hours of the Corporate Trust Office at which Certificates Units should be presented and surrendered and (iii) that each Holder must supply transfer instructions in writing with respect to the Underlying Securities and/or other Trust Property to be distributed in cash or in kind.

Appears in 1 contract

Samples: Trust Agreement (MSDW Structured Asset Corp)

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Trust Property Made Available. (a) Subject to Section 9.04, as promptly as possible after the occurrence of a Trust Wind-up Event or Liquidation Event, and in any case within three Business Days following such occurrence, the Trustee shall provide notice to the Holders Unitholders and the Rating Agencies of the occurrence of a Trust Wind-up Event or Liquidation Event, the termination of the Swap Agreement or the particular Affected Transaction(s) thereunder, the amount of any related Termination Payment and a notice of the rights of the Holders Unitholders under Section 9.03(c). In the case of a Trust Wind-Up Event, subject to Section 9.01, the Trustee shall also provide notice to the Holders Unitholders and the Rating Agencies of the termination of the Trust and that Holders should surrender their Certificates Units to the Trustee, or deliver security or indemnity acceptable to the Trustee, for their respective pro rata distributions of the Underlying Debt Securities and any other remaining Trust Property, if any. Such notice to the Holders Unitholders and the Rating Agencies shall also specify (i) the cause of the Trust Wind-up Event, (ii) the location and hours of the Corporate Trust Office at which Certificates Units should be presented and surrendered and (iii) that each Holder must supply transfer instructions in writing with respect to the Underlying Debt Securities and/or other Trust Property to be distributed in cash or in kind.

Appears in 1 contract

Samples: Trust Agreement (MSDW Structured Asset Corp)

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