Examples of Special Regular Trustee in a sentence
Not later than 30 days after such right to appoint a Special Regular Trustee arises, the Regular Trustees will convene a meeting for the purpose of appointing a Special Regular Trustee.
Any Holder of Preferred Securities (other than the Sponsor, or any entity directly or indirectly controlling or controlled by or under direct or indirect common control with the Sponsor) will be entitled to nominate any person to be appointed as Special Regular Trustee.
Any Holder of Preferred Securities (other than the Sponsor or any Affiliate of the Sponsor) will have the right to nominate any Person to be appointed as Special Regular Trustee.
A copy of the Rights Agreement has been filed with the Securities and Exchange Commission as an exhibit to a Registration Statement on Form 8-A dated January 19, 2016.
If, at any such meeting, Holders of less than a Majority in liquidation amount of Preferred Securities entitled to vote for the appointment of a Special Regular Trustee vote for such appointment, no Special Regular Trustee shall be appointed.
In keeping with the practice of all local government budget review reports, a concerted effort has been made to be conservative in the preparation of these estimates.
Notwithstanding the appointment of a Special Regular Trustee, the Subordinated Note Issuer shall retain all rights under the Indenture, including the right to extend the interest payment period on the Subordinated Notes.
Notwithstanding the appointment of a Special Regular Trustee, the Sponsor shall retain all rights under the Indenture, including the right to extend the interest payment period on the Debentures.
Any Special Regular Trustee so appointed shall cease to be a Special Regular Trustee if the Appointment Event pursuant to which the Special Regular Trustee was appointed and all other Appointment Events cease to be continuing.
A Special Regular Trustee may be removed without cause at any time by vote of the Holders of a Majority in liquidation preference of the Preferred Securities at a meeting of the Holders of the Preferred Securities in accordance with Section 5.06(a)(ii)(B) of the Declaration.