Special Purpose Trust means a special purpose business trust established by the Parent or ACE INA of which the Parent or ACE INA will hold all the common securities, which will be the issuer of the Preferred Securities, and which will loan to the Parent or ACE INA (such loan being evidenced by the Debentures) the net proceeds of the issuance and sale of the Preferred Securities and common securities of such Special Purpose Trust.
Special Purpose Trust means a trust, partnership, limited partnership, association, corporation, nonprofit corporation, or other entity authorized under the laws of the state to serve as an instrumentality of the state to accomplish public purposes and authorized by the bank to acquire, by purchase or otherwise, for retention or sale, the bonds of a sponsor or of the bank made or entered into pursuant to this division and to issue special purpose trust bonds or other obligations secured by these bonds or other sources of public or private revenues. Special purpose trust also means any entity authorized by the bank to acquire transition property or to issue rate reduction bonds, or both, subject to the approvals by the bank and powers of the bank as are provided by the bank in its resolution authorizing the entity to issue rate reduction bonds.
Special Purpose Trust means a special purpose business trust established by Holdings of which Holdings will hold all the common securities, which will be the issuer of Preferred Securities, and which will loan to Holdings (such loan being evidenced by the Debentures) the net proceeds of the issuance and sale of the Preferred Securities and common securities of such Special Purpose Trust.
Examples of Special Purpose Trust in a sentence
Special purpose trust The Group establishes a special purpose trust (structured entity) to satisfy the need of specific businesses.
Special purpose trust also means any entity authorized by the bank to acquire transition property or to issue rate reduction bonds, or both, subject to the approvals by the bank and powers of the bank as are provided by the bank in its resolution authorizing the entity to issue rate reduction bonds.
Special purpose trust (SPT): the trust relationship established for the purpose of financial asset securitization.
Special purpose trust (hereinafter SPT)is most commonly taken by the SPV in securitization, which is created in the legal form of a trust4.
Special purpose trustThe Special purpose trust holds the money to pay for decommissioning.
More Definitions of Special Purpose Trust
Special Purpose Trust means a statutory business trust created under the laws of the State of Delaware pursuant to the filing of a certificate of trust with the Secretary of State of the State of Delaware, (a) the existence of which shall be for the exclusive purpose of (i) issuing Trust Common Securities to the Company and issuing and selling Trust Preferred Securities to investors, (ii) using the proceeds from such Trust Preferred Securities to acquire Qualified Junior Subordinated Notes and (iii) engaging in only those other activities necessary or incidental to the foregoing, (b) the sole assets of which will be such Qualified Junior Subordinated Notes and the proceeds thereof and (c) the sole source of revenue of which will be payments under such Qualified Junior Subordinated Notes. Notwithstanding anything else herein, any Special Purpose Trust shall be deemed to be an Unrestricted Subsidiary."
Special Purpose Trust means the special purpose trust referred to in preliminary (E) to this Scheme
Special Purpose Trust means a statutory business trust established by the Company for the purpose of issuing the TECONS for aggregate gross proceeds of up to $138,000,000 and of issuing up to
Special Purpose Trust means a trust, partnership, limited partnership, association, corporation, nonprofit corporation, or other entity authorized under the laws of the state to serve as an instrumentality of the state to accomplish public purposes and authorized by the bank to acquire, by purchase or otherwise, for retention or sale, the bonds of a sponsor or of the bank made or entered into pursuant to this division and to issue special purpose trust bonds or other obligations secured by these bonds or other sources of public or private revenues.
Special Purpose Trust means a trust to the extent that it has no beneficiaries and has been established for non-charitable purposes in compliance with section 13;
Special Purpose Trust means O&M Trust, a statutory business trust --------------------- established by the Company for the purpose of issuing the Trust Preferred Securities for aggregate gross proceeds of up to $138,000,000 and issuing up to $4,268,050 of common beneficial interests.
Special Purpose Trust appearing in Section 1.01 of the Agreement is hereby amended by inserting therein, immediately prior to the period at the end thereof, the phrase "and common securities of such Special Purpose Trust".