Trust Common Securities Guarantee definition

Trust Common Securities Guarantee means the Trust Common Securities Guarantee Agreement as of the date hereof, by the New Guarantor for the benefit of the holders of the 7.12% Trust Originated Common Securities (the “Trust Common Securities”), as amended or supplemented from time to time.

Trust Common Securities Guarantee means the Trust Common Securities Guarantee Agreement dated as of December 17, 1996, entered into by the Company, as Guarantor, for the benefit of the holders of the Trust Common Securities.

Trust Common Securities Guarantee means any guarantee that the Company may enter into that operates directly or indirectly for the benefit of holders of Trust Common Securities of the Trust.

Examples of Trust Common Securities Guarantee in a sentence

• The Guarantor hereby waives notice of acceptance of this Trust Common Securities Guarantee and of any liability to which it applies or may apply, presentment, demand for payment, any right to require a proceeding first against the Trust or any other Person before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice of redemption and all other notices and demands.

• This Trust Common Securities Guarantee creates a guarantee of payment and not of collection.

• All guarantees and agreements contained in this Trust Common Securities Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Holders of the Trust Common Securities then outstanding.

• This Trust Common Securities Guarantee is solely for the benefit of the Holders of the Trust Common Securities and, subject to Section 3.1(a), is not separately transferable from the Trust Common Securities.

• No third party shall be required to inquire as to the authority of the Common Guarantee Trustee to so act or as to its compliance with any of the terms and provisions of this Trust Common Securities Guarantee, both of which shall be conclusively evidenced by the Common Guarantee Trustee's or its agent's taking such action.

More Definitions of Trust Common Securities Guarantee

Trust Common Securities Guarantee means the Trust Common Securities Guarantee Agreement, dated as of December [-], 2003, of the Sponsor with respect to the Trust Common Securities.

Trust Common Securities Guarantee means any guarantee that the Company may enter into with any Person or Persons that operate directly or indirectly for the benefit of holders of Trust Common Securities.

Trust Common Securities Guarantee means the Trust Common Securities Guarantee Agreement dated as of February 1, 1997, entered into by HEI, as Guarantor, for the benefit of the holders of the Trust Common Securities, as it may be amended or supplemented from time to time.

Trust Common Securities Guarantee means the guaranty agreement to be dated as of , 1998 of the Sponsor in respect to the Trust Common Securities.

Trust Common Securities Guarantee means the guarantee, dated as of February 23, 2001, of the Sponsor with respect to the Trust Common Securities.

Trust Common Securities Guarantee means the guarantee agreement, dated as of September 7, 1999, of the Sponsor with respect to the Trust Common Securities.

Trust Common Securities Guarantee means the Trust Common Securities Guarantee Agreement dated as of , 1998, entered into by the Company, as Guarantor, for the benefit of the holders of the Trust Common Securities. "Trust Dissolution Tax Opinion" means an opinion of nationally recognized independent tax counsel experienced in such matters to the effect that there has been a Trust Tax Event. "Trust Enforcement Event" means the occurrence, at any time, of (i) arrearages on distributions on the Trust Preferred Securities that shall exist for six consecutive quarterly distribution periods, (ii) a default by the Company in respect of any of its obligations under the Trust Guarantee or (iii) a Partnership Enforcement Event (as defined in the Limited Partnership Agreement). "Trust Guarantees" means the Trust Common Securities Guarantee and The Trust Preferred Securities Guarantee, collectively. "Trust Indenture Act" means the Trust Indenture Act of 1939, as amended from time to time, or any successor legislation. "Trust Investment Company Event" means that the Company shall have requested and received and shall have delivered to the Regular Trustees an opinion of nationally recognized independent legal counsel experienced in such matters to the effect that as a result of a Change in 1940 Act Law, the Trust is or will be considered an "investment company" which is required to be registered under the 1940 Act. "Trust Liquidation" has the meaning set forth in Section 9.2(a) of this Declaration. "Trust Preferred Securities Guarantee" has the meaning set forth in Section 1.1 of the Limited Partnership Agreement. "Trust Liquidation Distribution" has the meaning set forth in Section 9.2(a) of this Declaration. "Trust Preferred Security" has the meaning set forth in Section 8.1(a) of this Declaration. "Trust Preferred Security Beneficial Owner" means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency