Investment Company Act Event means that the Company shall have received an Opinion of Counsel to the effect that, as a result of the occurrence of a change in law or regulation or a written change in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority, there is more than an insubstantial risk that the Securities Trust is or will be considered an "investment company" that is required to be registered under the Investment Company Act of 1940, as amended, which change becomes effective on or after the Original Issue Date.
Investment Company Act Event means that the Bank shall have requested and received an opinion of a nationally recognized U.S. law firm experienced in such matters to the effect that there is more than an insubstantial risk that the Company or the Trust is or will be considered an “investment company” within the meaning of the 1940 Act as a result of any judicial decision, any pronouncement or interpretation (irrespective of the manner made known), the adoption or amendment of any law, rule or regulation, or any notice or announcement (including any notice or announcement of intent to adopt such law, rule or regulation) by any U.S. legislative body, court, governmental agency, or regulatory authority, in each case after the date hereof.
Investment Company Act Event means the receipt by the Bank of an opinion of a nationally recognized law firm in the United States experienced in such matters to the effect that there is more than an insubstantial risk that the Company or the Trust is an "investment company" within the meaning of the 1940 Act.
Examples of Investment Company Act Event in a sentence
The Grantor may instruct the Trustee to dissolve the Trust and distribute the Company Preferred Securities on a pro rata basis to the Holders of the Trust Preferred Securities in the case of either a Tax Event as to the Trust or an Investment Company Act Event as to the Trust, as each is defined in the LLC Agreement.
The Company Preferred Securities may not be redeemed before the Dividend Payment Date regularly scheduled to occur in ____ 20*, unless a Tax Event, an Investment Company Act Event or a Capital Event occurs, in which case the Company may redeem the Company Preferred Securities in whole (but not in part) at any time on not less than 30 nor more than 60 days' notice.
The Grantor may instruct the Trustee to dissolve the Trust and distribute the Company Preferred Securities on a pro rata basis to the Holders of the Trust Preferred Securities in the case of either a Tax Event with respect to the Trust or an Investment Company Act Event with respect to the Trust.
Any amounts so paid shall be included in the Obligations secured by the Collateral.
A “Trust Special Redemption Event” means (i) a Tax Event (as defined below) solely with respect to the Trust, but not with respect to the Com- pany, or (ii) an Investment Company Act Event (as defined below) solely with respect to the Trust, but not with respect to the Company.
More Definitions of Investment Company Act Event
Investment Company Act Event means a determination by the Company, based on the receipt by the Company of an opinion of counsel, rendered by a law firm experienced in such matters, in form and substance satisfactory to the Company, which states that there is a significant risk that the Company is or will be considered an “investment company” that is required to be registered under the Investment Company Act, as a result of the occurrence of a change in law or regulation or a written change in interpretation or application of law or regulation by any legislative body, court, governmental agency, or regulatory authority.
Investment Company Act Event means the receipt by the Company of an opinion of counsel to the Company to the effect that there is a material risk that the Company is, or within one hundred twenty (120) days of the date of such opinion will be, considered an “investment company” that is required to register under the Investment Company Act of 1940, as amended.
Investment Company Act Event. ’ means, with respect to any UBS Preferred Funding Company, the receipt by UBS AG of an opinion of a nationally recognized law firm in the United States experienced in such matters to the effect that there is more than an insubstantial risk that such UBS Preferred Funding Company or the related UBS Preferred Funding Trust is an ‘‘investment company’’ within the meaning of the Investment Company Act of 1940.
Investment Company Act Event means receipt by the Company of a legal opinion from counsel experienced in such matters to the effect that there is more than an insubstantial risk that the Company is or, within 90 days of the date of such legal opinion will be, considered an “investment company” that is required to be registered under the Investment Company Act of 1940, as amended.
Investment Company Act Event means the receipt by the Trust or KDSM, Inc. of an opinion of nationally recognized independent counsel experienced in practice under the Investment Company Act of 1940, as amended (the "1940 Act"), to the effect that as a result of the occurrence of a change in law or regulation or a change in official interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority (a "Change in 1940 Act Law"), the Trust or KDSM, Inc. is or will be considered an "investment company" which is required to be registered under the Investment Company Act of 1940, as amended (the "1940 Act"), which Change in 1940 Act Law becomes effective on or after the Issue Date.
Investment Company Act Event means that the Partnership and the Trust shall have received an opinion of counsel (which may be regular counsel to Penelec or an Affiliate of Penelec, but not an employee thereof), experienced in such matters, to the effect that a change in law or regulation or a change in an official interpretation of law or regulation by any legislative body, court, governmental agency or regulatory authority (a "Change in 40 Act Law") has occurred to the effect that the Partnership or the Trust is or will be considered an "investment company" required to be registered under the 1940 Act, which Change in 40 Act Law becomes effective on or after the date of issuance of any series of Preferred Partner Interests.
Investment Company Act Event means that the Administrative Trustees (as defined in the Trust Agreement) and the Corporation shall have received an Opinion of Counsel experienced in such matters to the effect that, as a result of the occurrence of a change in law or regulation or a written change in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority, there is more than an insubstantial risk that the 2