Special Purpose Trust definition

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.

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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

• This amount, hereinafter referred to as the “Coordination Levy” will be held in trust by IOM until transfer to the United Nations Secretariat for deposit into the United Nations Special Purpose Trust Fund for the reinvigorated Resident Coordinator system, which has been established to fund the UN Resident Coordinator System and is managed by the United Nations Secretariat.

• The trust continued hereby (the “Trust”) shall constitute a special purpose trust empowered to issue one or more Tranches (as defined in the Certificate Indenture (as defined below)) of certificates constituting FirstEnergy Ohio PIRB Special Purpose Trust 2013 pass-through trust certificates (the “Certificates”).

• Capitalized terms used herein and not otherwise defined herein have the meanings assigned to them in that certain Indenture (including Appendix A thereto) dated as of the date hereof, between Illinois Power Special Purpose Trust, as the Note Issuer, and ▇▇▇▇▇▇ Trust and Savings Bank, as the Indenture Trustee, as the same may be amended, supplemented or otherwise modified from time to time.

• California Infrastructure and Economic Development ------------- Bank Special Purpose Trust [_]-1 (the "Trust") proposes to sell to the underwriters named in Schedule II hereto (the "Underwriters"), for whom you (the "Representatives") are acting as representatives, the principal amount of the certificates identified in Schedule I hereto (the "Certificates").

• The Trust continued hereby shall be known as “FirstEnergy Ohio PIRB Special Purpose Trust 2013,” in which name the Delaware Trustee (only to the extent the Delaware Trustee is expressly required herein) and each Administrative Trustee may conduct the business of the Trust, make and execute contracts and other instruments on behalf of the Trust and ▇▇▇ and be sued on behalf of the Trust.

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 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 O&M Trust, a statutory business trust

Special Purpose Trust means a trust, partnership, limited

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 $4,268,050 of common beneficial interests."

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;