Trust Enforcement Event definition

Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

Trust Enforcement Event has the meaning set forth in the Declaration.

Trust Enforcement Event in respect of the Securities, means an Indenture Event of Default has occurred and is continuing in respect of the ICONs.

Examples of Trust Enforcement Event in a sentence

• In case a Trust Enforcement Event has occurred (that has not been cured or waived pursuant to Section 2.6) of which a Responsible Officer of the Property Trustee has actual knowledge, the Property Trustee shall exercise such of the rights and powers vested in it by this Declaration, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

• Such notice shall state that such Indenture Event of Default also constitutes a Trust Enforcement Event.

• If a Trust Enforcement Event has occurred and is continuing under the Trust Agreement, the rights of the holders of the Common Securities to receive Guarantee Payments hereunder shall be subordinated to the rights of the Holders of the Capital Securities to receive Guarantee Payments under this Guarantee.

• In case a Trust Enforcement Event has occurred (that has not been cured or waived pursuant to Section 2.6) of which a Responsible Officer of the Property Trustee has actual knowledge, the Property Trustee shall exercise such of the rights and powers vested in it by this Trust Agreement, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs.

• A waiver of an Indenture Event of Default with respect to the Debentures will constitute a waiver of the corresponding Trust Enforcement Event.

More Definitions of Trust Enforcement Event

Trust Enforcement Event in respect of the Securities means an Event of Default (as defined in the Indenture) has occurred and is continuing in respect of the Junior Subordinated Debentures.

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 Enforcement Event in respect of the Securities means an Indenture Event of Default (as defined in the Indenture) has occurred and is continuing in respect of the ICONS.

Trust Enforcement Event means, with respect to the Securities, an event of default under this Declaration, which occurs upon the happening of an Indenture Event of Default.

Trust Enforcement Event in respect of the Securities shall mean that an Indenture Event of Default has occurred and is continuing in respect of the Senior Deferrable Notes.

Trust Enforcement Event in respect of the Securities means (i) an Indenture Event of Default has occurred and is continuing in respect of the Debentures or (ii) the voluntary or involuntary dissolution, winding up or termination of the Trust, except in connection with (A) the distribution of the Debentures to the holders of the Securities, (B) the redemption of all of the Securities and (C) mergers, consolidations or amalgamations of the Trust permitted by this Trust Agreement.

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 Preferred Securities Guarantee or (iii) a Partnership Enforcement Event.