TIDES Trust definition
Examples of TIDES Trust in a sentence
Neither the TIDES Indenture nor the TIDES Trust Declaration has been amended or modified, and no provisions thereof have been waived, in each case except as permitted hereunder.
In connection therewith, Hanover would intend to concurrently issue a notice of redemption to the TIDES Trust to redeem the TIDES Debentures in whole or in part, with the expectation that, as a result thereof, the TIDES Debentures will be converted into common stock of Hanover (the foregoing, collectively, the “TIDES Redemption”).
Hanover has notified the Lenders that the TIDES Trust may consider issuing a notice of redemption to the holders of the TIDES in whole or in part, with the expectation that when any such notice is issued, as a result thereof, the TIDES will be converted into common stock of Hanover.
The Parent shall not engage in any business other than entering into and performing contracts on behalf of the Borrower and its Subsidiaries in connection with the ordinary course of operation of the Stations ("Station Contracts") and the contracts relating to the TIDES Subordinated Debentures as in effect as of the date hereof or as amended, altered or modified in accordance with Section 8.19, and holding the Membership Interests in the Borrower, and the common securities of the TIDES Trust.
The Parent shall not make any interest payment on the TIDES Subordinated Debentures, and shall not permit the TIDES Trust to make any distribution on the TIDES Preferred Securities, at any time that an Event of Default has occurred and is continuing or would exist after giving effect to such payment.