Special Purpose Trust definition

Special Purpose Trust means a special purpose business trust established by the Parent or ACE INA of which the Parent or ACE INA will hold all the common securities, which will be the issuer of the Preferred Securities, and which will loan to the Parent or ACE INA (such loan being evidenced by the Debentures) the net proceeds of the issuance and sale of the Preferred Securities and common securities of such Special Purpose Trust.

Special Purpose Trust means a trust, partnership, limited partnership, association, corporation, nonprofit corporation, or other entity authorized under the laws of the state to serve as an instrumentality of the state to accomplish public purposes and authorized by the bank to acquire, by purchase or otherwise, for retention or sale, the bonds of a sponsor or of the bank made or entered into pursuant to this division and to issue special purpose trust bonds or other obligations secured by these bonds or other sources of public or private revenues. Special purpose trust also means any entity authorized by the bank to acquire transition property or to issue rate reduction bonds, or both, subject to the approvals by the bank and powers of the bank as are provided by the bank in its resolution authorizing the entity to issue rate reduction bonds.

Special Purpose Trust means a special purpose business trust established by Holdings of which Holdings will hold all the common securities, which will be the issuer of Preferred Securities, and which will loan to Holdings (such loan being evidenced by the Debentures) the net proceeds of the issuance and sale of the Preferred Securities and common securities of such Special Purpose Trust.

Examples of Special Purpose Trust in a sentence

• XxXxxxx Street, 7th Floor Mail Code: MK-IL-SL7R Xxxxxxx, XX 00000 Attention: First Energy Ohio PIRB Special Purpose Trust 2013 Facsimile: 000-000-0000 Telephone: 000-000-0000 E-Mail: xxxxxxx.xxxxx@xxxxxx.xxx if to the Certificate Trustee, to: U.S. Bank National Association 000 X.

• XxXxxxx Street, 7th Floor Mail Code: MK-IL-SL7R Xxxxxxx, XX 00000 Attention: First Energy Ohio PIRB Special Purpose Trust 2013 Facsimile: 000-000-0000 Telephone: 000-000-0000 E-Mail: xxxxxxx.xxxxx@xxxxxx.xxx if to the Delaware Trustee, to: U.S. Bank Trust National Association 000 X.

• XxXxxxx Street, 7th Floor Mail Code: MK-IL-SL7R Xxxxxxx, XX 00000 Attention: First Energy Ohio PIRB Special Purpose Trust 2013 Facsimile: 000-000-0000 Telephone: 000-000-0000 E-Mail: xxxxxxx.xxxxx@xxxxxx.xxx or to such other address as any party shall have provided to the other parties in writing.

• This amount, hereinafter referred to as the “Coordination Levy” will be held in trust by IOM until transfer to the United Nations Secretariat for deposit into the United Nations Special Purpose Trust Fund for the reinvigorated Resident Coordinator system, which has been established to fund the UN Resident Coordinator System and is managed by the United Nations Secretariat.

• XxXxxxx Street, 7th Floor Mail Code: MK-IL-SL7R Xxxxxxx, XX 00000 Attention: First Energy Ohio PIRB Special Purpose Trust 2013 Facsimile: 000-000-0000 Telephone: 000-000-0000 E-mail: xxxxxxx.xxxxx@xxxxxx.xxx if to the Rating Agencies, to: Standard & Poor’s Ratings Services 00 Xxxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Structured Credit Surveillance E-mail: xxxxxxxx-xxxxxx@xxxxxxxxxxxxxxxx.xxx Telephone: 000-000-0000 and Xxxxx’x Investors Service, Inc.

More Definitions of Special Purpose Trust

Special Purpose Trust means a statutory business trust created under the laws of the State of Delaware pursuant to the filing of a certificate of trust with the Secretary of State of the State of Delaware, (a) the existence of which shall be for the exclusive purpose of (i) issuing Trust Common Securities to the Company and issuing and selling Trust Preferred Securities to investors, (ii) using the proceeds from such Trust Preferred Securities to acquire Qualified Junior Subordinated Notes and (iii) engaging in only those other activities necessary or incidental to the foregoing, (b) the sole assets of which will be such Qualified Junior Subordinated Notes and the proceeds thereof and (c) the sole source of revenue of which will be payments under such Qualified Junior Subordinated Notes. Notwithstanding anything else herein, any Special Purpose Trust shall be deemed to be an Unrestricted Subsidiary."

Special Purpose Trust means the special purpose trust referred to in preliminary (E) to this Scheme

Special Purpose Trust means a trust, partnership, limited

Special Purpose Trust means a trust, partnership, limited partnership, association, corporation, nonprofit corporation, or other entity authorized under the laws of the state to serve as an instrumentality of the state to accomplish public purposes and authorized by the bank to acquire, by purchase or otherwise, for retention or sale, the bonds of a sponsor or of the bank made or entered into pursuant to this division and to issue special purpose trust bonds or other obligations secured by these bonds or other sources of public or private revenues.

Special Purpose Trust means a trust to the extent that it has no beneficiaries and has been established for non-charitable purposes in compliance with section 13;

Special Purpose Trust means O&M Trust, a statutory business trust --------------------- established by the Company for the purpose of issuing the Trust Preferred Securities for aggregate gross proceeds of up to $138,000,000 and issuing up to $4,268,050 of common beneficial interests.

Special Purpose Trust means a statutory business trust created under the laws of the State of Delaware pursuant to the filing of a certificate of trust with the Secretary of State of the State of Delaware, (a) the existence of which shall be for the exclusive purpose of (i) issuing Trust Common Securities to the Borrower and issuing and selling Trust Preferred Securities to investors, (ii) using the proceeds from such Trust Preferred Securities to acquire Qualified Junior Subordinated Notes and (iii) engaging in only those other activities necessary or incidental to the foregoing, (b) the sole assets of which will be such Qualified Junior Subordinated Notes and the proceeds thereof and (c) the sole source of revenue of which will be payments under such Qualified Junior Subordinated Notes. "Subordinated Debt" means any Indebtedness or other obligations of the Borrower (including, without limitation, Qualified Capital Obligations) other than Senior Debt. "Subsidiary" of a Person means (i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (ii) any partnership, limited liability company, association, joint venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly provided, all references herein to a "Subsidiary" shall mean a Subsidiary of the Borrower. "Subsidiary Guaranty" means the Subsidiary Guaranty dated as of the Effective Date executed by each of the Guarantors in favor of the Agent, for the ratable benefit of the Lenders, in substantially the form of Exhibit E, as it may be amended or modified and in effect from time to time. "Substantial Portion" means, with respect to any Property of the Borrower and its Restricted Subsidiaries subject to a Transfer, if the Disposition Value of such Property, when added to the Disposition Value of all other Property of the Borrower and the Restricted Subsidiaries that has been the subject of a Transfer, exceeds more than 10% of the consolidated assets of the Borrower and its Restricted Subsidiaries as would be shown in the consolidated financial statements of the Borrower and its Restricted Subsidiaries as at the end of the fiscal year immediately prior to the date on which such determi...