Property Trustee May File Proofs of Claim. (a) In case of any Bankruptcy Event (or event that with the passage of time would become a Bankruptcy Event) relative to the Trust or any other obligor upon the Trust Securities or the property of the Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall then be due and payable and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention in such proceeding or otherwise:
Appears in 156 contracts
Samples: Trust Agreement (Nara Bancorp Inc), Trust Agreement (First Chester County Corp), Trust Agreement (Deerfield Triarc Capital Corp)
Property Trustee May File Proofs of Claim. (a) In case of any Bankruptcy Event (or event that with the passage of time would become a Bankruptcy Event) relative to the Trust or any other obligor upon the Trust Securities or the property of the Trust Property or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall then be due and payable and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention in such proceeding or otherwise:
Appears in 11 contracts
Samples: Trust Agreement (Novastar Financial Inc), Trust Agreement, Trust Agreement (New Century Financial Corp)
Property Trustee May File Proofs of Claim. (a) In case of any Bankruptcy Event (receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or event that with the passage of time would become a Bankruptcy Event) other similar judicial proceeding relative to the Trust or any other obligor upon the Trust Securities or the property of the Trust or of such other obligor or their creditors, the Property Trustee (irrespective of whether any Distributions on the Trust Securities shall then be due and payable and irrespective of whether the Property Trustee shall have made any demand on the Trust for the payment of any past due Distributions) shall be entitled and empowered, to the fullest extent permitted by law, by intervention in such proceeding or otherwise:
Appears in 2 contracts
Samples: Trust Agreement (MRM Capital Trust Iii), Trust Agreement (Pd Capital Trust Ii)
