Early Dissolution Event definition

Early Dissolution Event has the meaning specified in Section 9.2.

Early Dissolution Event. (a) the occurrence of a Depositor Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor, in its capacity as the Holder of the Common Securities, unless the Depositor shall transfer the Common Securities as provided by Section 5.10, in which case this provision shall refer instead to any such successor Holder of the Common Securities;

Early Dissolution Event. (a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor;

Examples of Early Dissolution Event in a sentence

• If an Early Dissolution Event specified in clause (b) occurs, the Trust shall be liquidated by the Trustee on the date of distribution of the Debentures specified by the Depositor in its notice delivered pursuant to Section 8.02.

• Upon the occurrence of any Early Dissolution Event, the Trust shall dissolve and the Property Trustee and the Regular Trustees shall wind up the affairs of the Trust in accordance with Section 9.4 hereof and Section 3808 of the Delaware Statutory Trust Act.

• If an Early Dissolution Event specified in clause (a), (b) or (e) of Section 8.2 occurs or upon the Expiration Date, the Trust Property shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of all claims and obligations of the Trust as provided by applicable law, to each Holder a Like Amount of Debentures, subject to Section 8.4(d).

• If an Early Dissolution Event specified in clause (a), (b), (d) or (e) of Section 9.2 occurs or upon the Expiration Date, the Trust shall be liquidated by the Trustees as expeditiously as the Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Securityholder an aggregate principal amount of Debentures equal to the aggregate Liquidation Amount of Trust Securities held by such Holder, subject to Section 9.4(d).

• If an Early Dissolution Event specified in clause (a), (c) or (d) of Section 8.02 occurs or upon the Expiration Date, the Trust shall be liquidated by the Trustees as expeditiously as the Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Trust as provided by applicable law, to each Securityholder a Like Amount of Debentures, subject to Section 8.04(d).

More Definitions of Early Dissolution Event

Early Dissolution Event. (a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Sponsor, unless the Common Securities shall be transferred as provided by Section 5.10, in which case this provision shall refer instead to any such successor Holder of the Common Securities;

Early Dissolution Event means the dissolution of the Trust and the distribution of the Notes held by or on behalf of the Trust to the holders of the Trust Securities in accordance with Section 9.4 of the Declaration.

Early Dissolution Event has the meaning specified in Section 9.2. AMENDED AND RESTATED DECLARATION OF TRUST

Early Dissolution Event. (as defined in the Trust Agreement) shall occur with respect to the Trust.

Early Dissolution Event has the meaning specified in Section 902.

Early Dissolution Event the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor; the occurrence of a Special Event except in the case of a Tax Event following which the Depositor has elected (i) to pay any Additional Sums (in accordance with Section 4.4) such that the net amount received by Holders of Preferred Securities in respect of Distributions are not reduced as a result of such Tax Event and the Depositor has not revoked any such election or failed to make such payments or (ii) to redeem all or some of the Debentures pursuant to Section 4.4(a); the redemption, conversion or exchange of all of the Trust Securities; an order for dissolution of the Trust shall have been entered by a court of competent jurisdiction; and receipt by the Property Trustee of written notice from the Depositor at any time (which direction is optional and wholly within the discretion of the Depositor) of its intention to dissolve the Trust and distribute the Debentures in exchange for the Preferred Securities.

Early Dissolution Event. (a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Sponsor in its capacity as the Holder of the Common Securities, unless the Sponsor transfers the Common Securities as provided by Section 5.10, in which case this provision shall refer instead to any such successor Holder of the Common Securities;