Trust Guarantee definition

Trust Guarantee means the Trust Guarantee Agreement executed and delivered by the Corporation and American Stock Transfer & Trust Company, as Guarantee Trustee, contemporaneously with the execution and delivery of this Trust Agreement, for the benefit of the Holders of the Trust Preferred Securities, as amended from time to time.

Trust Guarantee means any guarantee of Borrower of the Trust Preferred Securities, which guarantee is subordinate and junior in right of payment to the prior payment of the obligations of Borrower hereunder and under the Note on terms satisfactory to Lender.

Trust Guarantee shall have the meaning set forth in the preamble

Examples of Trust Guarantee in a sentence

• Such court may thereupon, after prescribing such notice, if any, as it may deem proper, appoint a Successor Trust Guarantee Trustee.

• In the event that payment of the Redemption Price in respect of Trust Securities is improperly withheld or refused and not paid either by the Trust or by the Depositor pursuant to the Trust Guarantee, Distributions on such Trust Securities will continue to accrue at the then applicable rate, from such Redemption Date originally established by the Trust for such Trust Preferred Securities to the date such Redemption Price is actually paid.

• To the extent permitted by the Trust Indenture Act, the Property Trustee shall not be deemed to have a conflicting interest by virtue of being trustee under the Trust Guarantee.

• The Trust Guarantee Trustee shall have the right at any time to seek instructions concerning the administration of this Trust Guarantee from any court of competent jurisdiction.

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

More Definitions of Trust Guarantee

Trust Guarantee means the Guarantee by the Trust of the obligations of (1) the Issuer under this Indenture and the Notes and (2) each Subsidiary Guarantor under its Note Guarantee and this Indenture.

Trust Guarantee means the Trust Guarantee Agreement executed and --------------- delivered by the Depositor to The Bank of New York, a New York banking corporation, as trustee thereunder, contemporaneously with the execution and delivery of this Trust Agreement, for the benefit of the Holders of the Trust Preferred Securities, as amended from time to time.

Trust Guarantee means a guarantee by the Trust guaranteeing the obligations of the Company to each holder of a Note, which shall be satisfactory in form and substance to the holders of Notes, as amended, restated, supplemented, modified or replaced from time to time.

Trust Guarantee means the guarantee, --------------- if any, that the Company may enter into that operates directly or indirectly for the benefit of holders of Trust Preferred Securities, if any, issued by a Hawaiian Electric Industries Capital Trust.

Trust Guarantee the Guarantee, substantially in the form of --------------- Exhibit N, to be made by the Trust in favor of the Administrative Agent for the benefit of the Lenders, as the same may be amended, supplemented or otherwise modified from time to time.

Trust Guarantee means the Trust Securities Guarantee Agreement dated as of [DATE] among the Guarantor, the Initial Holders named therein, and the Guarantee Trustee.

Trust Guarantee means the Trust Guarantee Agreement dated as of August 19, 2005, entered into by the Company, as Guarantor, for the benefit of the Holders of the Trust Securities.