TOPS Trust definition

TOPS Trust means a trust sponsored by the Borrower or acquired, directly or indirectly, by the Borrower or one of its Subsidiaries, in each case created for the sole purpose of issuing such trust’s trust preferred and common securities in connection with the issuance of Junior Subordinated Debentures and which is not part of the Borrower’s consolidated group of entities in accordance with GAAP.
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TOPS Trust means a trust sponsored by the Company created for the purpose of issuing its securities in connection with the issuance of Junior Subordinated Debentures and which is not part of the Company’s consolidated group of entities in accordance with GAAP.
Sample 1Sample 2Sample 3

Examples of TOPS Trust in a sentence

  • Constitution of Louisiana, to read as follows:1 §10.8. TOPS Trust Fund; Louisiana Fund 2 Section 10.8. TOPS Trust Fund and Louisiana Fund 3 (A) Creation 4 (1) There shall be established in the state treasury as a special 5 permanent trust fund the Tobacco Settlement Trust Fund, hereinafter 6 referred to as "TOPS Trust".

  • FINANCIAL INSTRUMENTS AND ASSOCIATED RISKSThe Company invests substantially all of its assets in the units of two Sub-Trusts of the Marshall Wace TOPS Trust (the “Master Fund”) namely Sub-Trust C (Opportunistic- Hedged) and Sub-Trust D (Fundamental-Hedged).

Related to TOPS Trust

  • Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • Income trust means a trust that is not a unitrust.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;