Trust Expiration Date definition
Examples of Trust Expiration Date in a sentence
Unless earlier dissolved, the Trust shall automatically dissolve on the Trust Expiration Date.
Upon the Trust Expiration Date, the remaining Collateral and any other assets held in the Trust shall be liquidated, and the Trust shall be wound-up by the Delaware Trustee in accordance with Section 3808(d) and (e) of the Delaware Statutory Trust Act.
For so long as (i) the Delaware Trustee, on behalf of the Trust, has not rescinded the Standing Order and (ii) the Indenture Trustee is able to, and does, comply with the Standing Order, the Delaware Trustee will not be required to establish separate Payment Accounts in accordance with Section 3.01; provided, however, that the Delaware Trustee shall establish separate Payment Accounts to facilitate payments made on a Trust Expiration Date or otherwise pursuant to Section 7.03 of this Agreement.
For so long as (i) the Delaware Trustee, on behalf of the Trust, has not rescinded the Standing Order and (ii) the Indenture Trustee is able to, and does, comply with the Standing Order, the Delaware Trustee will not be required to establish a separate Payment Account in accordance with Section 3.1; provided, however, that the Delaware Trustee shall establish a separate Payment Account to facilitate payments made on the Trust Expiration Date or otherwise pursuant to Section 7.3 of the Trust Agreement.
Unless earlier terminated, the Trust shall terminate on the Trust Expiration Date.
For so long as (i) the Delaware Trustee, on behalf of the Trust, has not rescinded the Standing Order and (ii) the Indenture Trustee is able to, and does, comply with the Standing Order, the Delaware Trustee will not be required to establish a separate Payment Account in accordance with Section 3.1; PROVIDED, HOWEVER, that the Delaware Trustee shall establish a separate Payment Account to facilitate payments made on the Trust Expiration Date or otherwise pursuant to Section 7.3 of the Trust Agreement.
Upon the Trust Expiration Date, the remaining Collateral and any other assets held in the Trust shall be liquidated, and the Trust shall be wound-up by the Administrator in accordance with Section 3808(d) and (e) of the Delaware Statutory Trust Act.
For so long as (i) the Trustee, on behalf of the Trust, has not rescinded the Standing Order and (ii) the Indenture Trustee is able to, and does, comply with the Standing Order, the Trustee will not be required to establish separate Payment Accounts in accordance with Section 3.01; provided, however, that the Trustee shall establish separate Payment Accounts to facilitate payments made on a Trust Expiration Date or otherwise pursuant to Section 7.03 of this Agreement.
If, after the Trust Expiration Date, any Expense Pre-Funded Amount remains, the Trustee, in its sole discretion, will contribute such amount to Grantor or to a Qualified Charity selected by the Trustee in its sole discretion; provided that the Trustee shall provide a final accounting to Grantor for the Expense Pre-Funded Amount prior to distributing any remainder.
In no event shall the Trustee extend the Exchange Offer past the Trust Expiration Date.