Trust Guarantees definition
Examples of Trust Guarantees in a sentence
Each Holder of Trust Preferred Securities and Trust Common Securities, by the acceptance thereof, agrees to the provisions of the applicable Trust Guarantees, including the subordination provisions therein.
If and to the extent that the Company makes a payment on the Subordinated Debentures held by the Property Trustee or the Company makes a payment under the Trust Guarantees (the amount of any such payment being a "Payment Amount"), the Trust shall and the Property Trustee is directed, to the extent funds are available for that purpose, to make a Pro Rata Distribution of the Payment Amount to the Holders entitled thereto.
Amounts available to the Trust for distribution to the holders of the Asset Trust Preferred Securities will be limited to payments received by the Trust from the Company on the Debentures or from the Company on the Asset Trust Guarantees.
Each Holder of ------------------------------------------------------------ Trust Preferred Securities and Trust Common Securities, by the acceptance thereof, agrees to the provisions of this Trust Agreement, the Trust Guarantees, the Partnership Guarantee, any Investment Guarantee and the Agreement of Limited Partnership, respectively, including the subordination provisions therein.