Separate Trust definition

Separate Trust means any separate trust created pursuant to Section 7.3 and administered in accordance with the terms of Section 7.12, for the exclusive benefit of any Beneficiary.

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Separate Trust means each of the trusts constituted under the Trust Deed;

Separate Trust means each of the trusts, one for each Series and the Secured Property in respect of that Series, constituted under the Security Trust Deed and the relevant Security Deed;

Examples of Separate Trust in a sentence

• After such time, such election shall become an irrevocable election to have such Separate Trust Preferred Securities remarketed in such Remarketing.

• A Holder making such an election must, pursuant to the Pledge Agreement, notify the Custodial Agent and deliver such Separate Trust Preferred Securities to the Custodial Agent on or prior to 5:00 P.M., New York City time, on or prior to the fifth Business Day immediately preceding the applicable Remarketing Date (but no earlier than the Distribution Date immediately preceding the applicable Remarketing Date).

• Pursuant to Section 5.07(c) of the Pledge Agreement, promptly after 11:00 A.M., New York City time, on the Business Day immediately preceding the applicable Remarketing Date, the Custodial Agent, based on the notices and deliveries received by it prior to such time, shall notify the Remarketing Agent of the Initial Liquidation Amount of Separate Trust Preferred Securities to be tendered for Remarketing and shall cause such Separate Trust Preferred Securities to be presented to the Remarketing Agent.

• The Property Trustee will remit to each Holder of Separate Trust Preferred Securities making such election the Put Consideration upon receipt of the Put Consideration from the Sponsor.

• Any Shares transferred to a Separate Trust and designated Excess Shares pursuant to Section 9.3 shall be held for the exclusive benefit of the Beneficiary.

More Definitions of Separate Trust

Separate Trust means each of the trusts, one for each Underlying Entities’ Shares, constituted under this Deed.

Separate Trust means any separate trust created pursuant to Section 9.3 and administered in accordance with the terms of Section 9.11, for the exclusive benefit of any Beneficiary.

Separate Trust means each of the trusts, one for each Underlying Security and any Second Interest Amount constituted under the Trust Deed.

Separate Trust means each of the trusts, one for each Series and Parcel of Secured Property, constituted under the Security Trust Deed and the relevant Deed of Charge;

Separate Trust means each of the trusts, one for each Underlying Entities’ Share, constituted under the Trust Deed.

Separate Trust means each of the trusts, one for each Class in relation to the corresponding Parcel of Secured Property, constituted under the Security Trust Deed and the Deed of Charge;

Separate Trust means each of the trusts, one for each Series and the Secured Property in respect of that