Designated Trust definition

Designated Trust means a trust that —

Designated Trust with respect to such Pricing Agreement) shall issue and sell to the firms named in Schedule I to the applicable Pricing Agreement (such firms constituting the "Underwriters" with respect to such Pricing Agreement and the securities specified therein) certain of its preferred securities (the "Securities") identified in Schedule I to the applicable Pricing Agreement (with respect to such Pricing Agreement, the "Firm Designated Securities") representing undivided beneficial interests in the assets of the Designated Trust. If specified in such Pricing Agreement, the Designated Trust may grant to the Underwriters the right to purchase at their election an additional number of Securities, specified in such Pricing Agreement as provided in Section 3 hereof (the "Optional Designated Securities"). The Firm Designated Securities and any Optional Designated Securities, if any, are collectively called the "Designated Securities." The proceeds of the concurrent sales of the Designated Securities to the public and of the common securities of the Designated Trust (the "Common Securities") to the Company are to be invested in junior subordinated deferrable interest debentures of the Company identified in the Pricing Agreement with respect to such Designated Securities (with respect to such Pricing Agreement, the "Subordinated Debentures"), to be issued pursuant to a junior subordinated indenture dated as of December 25, 1996 between the Company and The First National Bank of Chicago, as trustee (the "Indenture"). The Designated Securities may be exchangeable into Subordinated Debentures as specified in Schedule II to such Pricing Agreement. The Designated Securities will be guaranteed by the Company to the extent set forth in the Pricing Agreement with respect to such Designated Securities (with respect to such Pricing Agreement, the "Guarantee"). The terms and rights of any particular issuance of Designated Securities shall be as specified in the Pricing Agreement relating thereto and in or pursuant to the amended and restated trust agreement identified in such Pricing Agreement (with respect to such Pricing Agreement, the "Trust Agreement").

Designated Trust means a trust that is resident in Canada but outside Québec on the last day of a taxation year, but does not include a unit trust or a trust described in any of paragraphs a to e.1 of the definition of “trust” in subsection 1 of section 108 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement);

Examples of Designated Trust in a sentence

• In no event shall any Trust Advisor Expenses other than Designated Trust Advisor Expenses reduce or delay any principal or interest payable in respect of the Control-Eligible Certificates.

• Any amount of Trust Advisor Expenses (other than Designated Trust Advisor Expenses) that are not reimbursed on a Distribution Date shall be payable on the next Distribution Date to the extent funds are sufficient, in accordance with Section 4.05(a), to make such payments.

• Any indemnification payments or reimbursements of costs or expenses described in the preceding paragraph to which the Trust Advisor may become entitled shall constitute Trust Advisor Expenses and the payment of such Trust Advisor Expenses (other than those that constitute Designated Trust Advisor Expenses) shall be subject to the limitations set forth in Section 4.05.

• Any Trust Advisor Expenses (other than Designated Trust Advisor Expenses) or Excess Trust Advisor Expenses (other than Designated Trust Advisor Expenses) allocated to a Class of Certificates (which are not Control-Eligible Certificates) shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced by the respective Certificates.

• The Trust Advisor hereby acknowledges and agrees that in no event will any Trust Advisor Expenses be payable from, and the Trust Advisor hereby waives any and all claims to, amounts distributable in respect of, the Control-Eligible Certificates; provided that Designated Trust Advisor Expenses shall be reimbursable without limitation from the Collection Account as described in Section 3.05(a)(xiv).

More Definitions of Designated Trust

Designated Trust means a trust that has been designated under section 44D as a designated trust;

Designated Trust means any trust:

Designated Trust. Recitals.

Designated Trust means a Trust established under the Master Trust Deed which the Global Trust Manager and the Bond Administrator agree, by means of execution of a Designation Notice, will be subject to this deed.

Designated Trust means a trust that is resident in Canada but outside Québec on the last day of a taxation year, but does not include a unit trust or a trust regarding which the tax legislation specifically stipulates that the elections stipulated in subsections 13.1 and 13.2 of section 104 of the Income Tax Act may not be made.

Designated Trust means, with respect to Jamex X. Xxxxxx, xxe Jamex X. Xxxxxx Xxxst - 1995, his spouse, any of his lineal descendants or any trust for the exclusive benefit of any of the foregoing, and, with respect to Thomxx X. Xxxxxx, Xxe Thomxx X. Xxxxxx Xxxocable Trust of 1998, his spouse, any of his lineal descendants or any trust for the exclusive benefit of any of the foregoing.

Designated Trust pursuant to clause 2.1 of the Deed of Delegation: [HomeSide Mortgage Securities Trust 2001-1].