Dissolution Election definition

Dissolution Election means that, as a result of the election of the Company, as Sponsor, the Trust is to be dissolved in accordance with the Declaration, and the Notes held by the Property Trustee are to be distributed to the holders of the Trust Securities issued by the Trust pro rata or in any other manner specified in the Declaration.
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Dissolution Election means that, as a result of the election of the Company, as Sponsor, the Trust is to be dissolved in accordance with the Declaration, and the Notes held by the Property Trustee are to be distributed to the holders of the Trust Securities issued by the Trust pro rata in accordance with the Declaration.
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Dissolution Election means the election, at any time, by the Holders of the Common Securities given in writing to the Property Trustee, to dissolve the Trust and to distribute the Debentures to holders of the Capital Securities in exchange for the Capital Securities (which election is optional and wholly within the discretion of the Holders of the Common Securities, subject to the prior approval of the Federal Reserve, if required).
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Examples of Dissolution Election in a sentence

  • If the Notes are to be issued as a Global Note in connection with the distribution of the Notes to the holders of the Capital Securities upon a Dissolution Election, the Company will use its best efforts to list such Notes on any stock exchanges on which the Capital Securities are then listed.

  • Such withholding of payment shall not amount to a default on the part of the Bank and Bank will not be liable to pay any interest on such payments withheld by the Bank.

  • If the Notes are to be issued as a Global Note in connection with the distribution of the Notes to the holders of the Capital Securities issued by the Trust upon a Dissolution Election, the Company will use its best efforts to list such Notes on any stock exchanges on which the Capital Securities are then listed.

  • Maintenance will be arranged and funded via the W&PTP, initially using remaining DfT grant and subsequently via a combination of on-bus revenue and funds raised independently by the W&PTP as a company limited by guarantee and registered charity.

  • If the Debentures are to be issued as a Global Debenture in connection with the distribution of the Debentures to the holders of the Capital Securities issued by the Trust upon a Dissolution Election, the Company will use its best efforts to list such Debentures on any stock exchanges on which the Capital Securities are then listed.

  • If the Debt Securities are to be issued as a Global Debt Security in connection with the distribution of the Debt Securities to the holders of the Capital Securities upon a Dissolution Election, the Company will use its best efforts to list such Debt Securities on any stock exchanges on which the Capital Securities are then listed.


More Definitions of Dissolution Election

Dissolution Election is defined in Section 11.1.A hereof.
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Related to Dissolution Election

  • Early Opt-in Election means the occurrence of:

  • Dissolution Event means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company’s creditors or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.