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.