Common use of Liquidation Clause in Contracts

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes to the Securityholders as provided in this Section 9.04.

Appears in 65 contracts

Samples: Trust Agreement (Gulf Power Co), Trust Agreement (Alabama Power Capital Trust Iv), Trust Agreement (Mississippi Power Capital Trust Ii)

AutoNDA by SimpleDocs

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes Debentures to the Securityholders as provided in this Section 9.04.

Appears in 5 contracts

Samples: Trust Agreement (Semco Capital Trust), Trust Agreement (Semco Energy Inc), Trust Agreement (Semco Capital Trust Iii)

Liquidation. (a) a)......If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes to the Securityholders as provided in this Section 9.049.05.

Appears in 3 contracts

Samples: Trust Agreement (Georgia Power Co), Trust Agreement (Georgia Power Co), Trust Agreement (Georgia Power Co)

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes Debentures to the Securityholders as provided in this Section 9.04.

Appears in 3 contracts

Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Southwestern Electric Power Co)

Liquidation. (a) a)......If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes to the Securityholders as provided in this Section 9.04.

Appears in 3 contracts

Samples: Trust Agreement (Southern Energy Inc), Trust Agreement (Georgia Power Co), Trust Agreement (Savannah Electric & Power Co)

Liquidation. (a) If any Early Termination Event specified in clause (iia), (b), (d) and (e) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes Debt Securities to the Securityholders as provided in this Section 9.049.05.

Appears in 2 contracts

Samples: Trust Agreement (Omnicare Capital Trust Iii), Trust Agreement (NCS of Illinois Inc)

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Senior Deferrable Notes to the Securityholders as provided in this Section 9.04.

Appears in 1 contract

Samples: Trust Agreement (Semco Energy Inc)

Liquidation. (a) If any Early Termination Event specified in clause clauses (iia), (b), (c), and (e) of Section 9.02 9.01 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes Debt Securities to the Securityholders as provided in this Section 9.04.

Appears in 1 contract

Samples: Trust Agreement (Nextel Communications Inc)

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee trustee shall distribute the Junior Subordinated Notes to the Securityholders as provided in this Section 9.04.

Appears in 1 contract

Samples: Trust Agreement (Georgia Power Co)

AutoNDA by SimpleDocs

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes to the Securityholders as provided in this Section 9.049.05.

Appears in 1 contract

Samples: Trust Agreement (Southern Co)

Liquidation. (a) If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes Debentures to the Securityholders as provided in this Section 9.04.

Appears in 1 contract

Samples: Expenses and Liabilities (Exelon Corp)

Liquidation. (a) If any Early Termination Event specified in clause (i) or (ii) of Section 9.02 10.02 occurs, the Trust shall be liquidated liquidated, and the Property Trustee shall distribute the Junior Subordinated Notes Debentures to the Securityholders as provided in this Section 9.0410.04.

Appears in 1 contract

Samples: Trust Agreement (Yorkshire Power Group LTD)

Liquidation. (a) If any Early Termination Event specified in clause (iia), (b), (d) and (e) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee shall distribute the Junior Subordinated Notes Convertible Debentures to the Securityholders Holders as provided in this Section 9.049.05.

Appears in 1 contract

Samples: Trust Agreement (Omnicare Inc)

Liquidation. (a) a)......If any Early Termination Event specified in clause (ii) of Section 9.02 occurs, the Trust shall be liquidated and the Property Trustee trustee shall distribute the Junior Subordinated Notes to the Securityholders as provided in this Section 9.04.

Appears in 1 contract

Samples: Trust Agreement (Alabama Power Co)

Time is Money Join Law Insider Premium to draft better contracts faster.