F Trust definition
Examples of F Trust in a sentence
For clarity, no commissions or trailer fees are paid in respect of the Class F Trust Units or the Class O Units.
So long as there remains any Beneficiary or any Series F Trust Preferred Securities are outstanding, this Agreement shall not be modified or amended in any manner adverse to such Beneficiary or to the holders of the Series F Trust Preferred Securities without the consent of such Beneficiary or the holders of the Series F Trust Preferred Securities, as the case may be.
KPL shall give notice in writing to the Bank of this Deed and the terms thereof prior to the creation of any F Trust Property (the creation of which shall occur upon the acquisition of the relevant Assets by the Beneficiary) which is to be held on trust for the Issuer in accordance with the KPL F Collection Account Declaration of Trust as supplemented by this Deed.
The Holders of at least a Majority in Liquidation Amount of the Series F Trust Preferred Securities may, by vote, on behalf of the Holders of all the Series F Trust Preferred Securities, waive any past default or Event of Default and its consequences.
Except with respect to any changes that do not materially adversely affect the material rights of the Holders (in which case no consent of the Holders will be required), this Guarantee Agreement may not be amended without the prior approval of the Holders of not less than a Majority in Liquidation Amount of the Series F Trust Preferred Securities.