Principal Trust definition

Principal Trust has the meaning specified in the first recital of this Indenture.
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Principal Trust. Deed: save as herein otherwise provided, all words and expressions defined in the Principal Trust Deed shall where the context so requires and admits have the same meaning in this First Supplemental Trust Deed and the principles of interpretation specified in Clause 1(B) of the Principal Trust Deed shall where the context so requires and admits also apply to this First Supplemental Trust Deed.
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Principal Trust means Delaware Charter Guarantee and Trust Company d/b/a Principal Trust.
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Examples of Principal Trust in a sentence

  • No Secured Creditor of such Series is entitled to proceed directly against the Issuer or any assets of the Issuer unless the Trustee, having become bound to proceed in accordance with the terms of the Principal Trust Deed, any Supplemental Trust Deed, any Supplementary Security Document executed in relation to the Notes or the Conditions, fails or neglects to do so within a reasonable period and such failure or neglect is continuing.

  • The information and other personal data provided by you will only be accessed and handled by Principal Trust Company (Asia) Limited (“the Trustee and Administrator”) and its affiliate(s), Principal Insurance Company (Hong Kong) Limited (“the sponsor”), Principal Investment & Retirement Services Limited (“the promoter”) (collectively, “the Companies”) and the relevant persons stated herein below.

  • The Transaction Security over the Mortgaged Property shall become enforceable (i) if there is an Event of Default pursuant to Condition 11(a) (Events of Default); or (ii) as otherwise provided in Clause 5.5 (Enforcement of Transaction Security) of the Principal Trust Deed.

  • Where an Excess Assets Direction is delivered, Clause 6.5 (Division of Transaction Security) of the Principal Trust Deed shall not apply.

  • Upon a determination by the Trustee (or any receiver, agent or other person so appointed) that an Excess Assets Event has occurred, it shall notify the Holders of Securities, the Other Creditors or the Obligees (as defined in the Principal Trust Deed), as the case may be, in accordance with Clause 6.6 (Excess Assets Direction) of the Principal Trust Deed.

  • The Issuer has, in the Principal Trust Deed, irrevocably agreed for the benefit of the Secured Creditors that the courts of England shall have jurisdiction to hear and determine any suit, action or proceedings, and to settle any disputes, which may arise out of or in connection with the Notes (respectively, "PROCEEDINGS" and "DISPUTES") and, for such purposes, irrevocably submits to the jurisdiction of such courts.

  • The Clearing System Warrants of each Tranche of Warrants sold in reliance on Regulation S under the Securities Act will be represented on issue by a Clearing System Global Warrant in the form set out in Schedule 4 Part 1 (Form of Clearing System Global Warrant) to the Principal Trust Deed (the Clearing System Global Warrants together with the Global Registered Warrants, the "Global Warrants").

  • The Principal Trust Deed, the Supplemental Trust Deed, the Notes, the Coupons and the Talons (if any) and the Agency Agreement are governed by and shall be construed in accordance with English law.

  • A Note issued under the Principal Trust Deed may be a Fixed Rate Note, a Floating Rate Note, a combination of the foregoing or any other kind of Note, depending upon the Interest and Redemption/Payment Basis specified hereon.

  • Party A will promptly review such invoice and, upon Party A’s review and approval of such invoice from the Reclamation Trust Funds Operating Agent, will direct the Trustee to pay such invoice by making payment out of the assets of the Principal Trust Fund, in immediately available funds, to SJCC.