Trust Investment Company Event means that the Company shall have requested and received and shall have delivered to the Regular Trustees an opinion of nationally recognized independent legal counsel experienced in such matters to the effect that as a result of the occurrence on or after the date hereof of a change in law or regulation or a change in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority (a “Change in 1940 Act Law”), the Trust is or will be considered an “investment company” which is required to be registered under the 1940 Act.

Trust Investment Company Event means that the Company shall have requested and received and shall have delivered to the Property Trustee an Opinion of Counsel (as defined in the Declaration) from a firm having a national tax and securities practice and that is experienced in 1940 Act matters (which Opinion of Counsel shall not have been rescinded by such law firm) to the effect that as a result of a Change in 1940 Act Law, there is more than an insubstantial risk that the Trust is or, within 90 days after such date, will be considered an "investment company" which is required to be registered under the 1940 Act.

Examples of Trust Investment Company Event in a sentence

A Trust Tax Event, a Trust Investment Company Event, a Partnership Tax Event or a Partnership Investment Company Event, each as defined below, shall not have occurred and be continuing at the Closing Date.

More Definitions of Trust Investment Company Event

Trust Investment Company Event means that the Company shall have requested and received and shall have delivered to the Property Trustee an Opinion of Counsel from a firm having a national tax and securities practice and that is experienced in 1940 Act matters (which Opinion of Counsel shall not have been rescinded by such law firm) to the effect that as a result of a Change in 1940 Act Law, there is more than an insubstantial risk that the Trust is or, within 90 days after such date, will be considered an "investment company" which is required to be registered under the 1940 Act.

Trust Investment Company Event means that the Property Trustee of the Trust, in its capacity on behalf of the El Paso Energy Capital Trust I (the "Trust"), shall have received an opinion of independent legal counsel having a national tax and securities practice and that is experienced in such matters (which opinion of counsel shall not have been rescinded by such law firm) to the effect that as a result of the occurrence on or after March 17, 1998 of a change in law or regulation or a change in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority, there is more than an unsubstantial risk that the Trust is or, within 90 days after such date, will be considered an "investment company" which is required to be registered under the Investment Company Act of 1940.

Trust Investment Company Event means that TXU Europe shall have requested and received and shall have delivered to the Administrative Trustees an opinion of nationally recognized independent legal counsel in the United States experienced in such matters to the effect that as a result of the occurrence of a Change in 1940 Act Law, there is more than an insubstantial risk that the Trust is or will be considered an Investment Company which is required to be registered under the 1940 Act.

Trust Investment Company Event means that the Company shall have requested and received and shall have delivered to the Representatives an opinion of nationally recognized independent legal counsel in the United States experienced in such matters to the effect that as a result of the occurrence on or after the date hereof of a change in law or regulation or a change in interpretation or application of law or regulation by any legislative body, court, governmental agency or regulatory authority, there is more than an insubstantial risk that the Trust is or will be considered an "investment company" which is required to be registered under the Investment Company Act of 1940, as amended.

Trust Investment Company Event means that the Guarantor shall have requested and received an opinion of a nationally recognized U.S. law firm experienced in such matters to the effect that there is more than an insubstantial risk that the Trust is or will be considered an "investment company" within the meaning of the 1940 Act as a result of (i) any judicial decision, any pronouncement or interpretation (irrespective of the manner made known), the adoption or amendment of any law, rule or regulation, any notice or announcement (including any notice or announcement of intent to adopt such rule or regulation) by any U.S. legislative body, court, governmental agency or regulatory authority after the date hereof or (ii) any change after the date hereof in the laws of The Netherlands relating to the enforceability of either of the Guarantees thereunder, as confirmed in an opinion of a nationally recognized Dutch law firm experienced in such matters.

Trust Investment Company Event. ’ means that the regular trustees of National Capital Trust or National have requested and received an opinion of nationally recognized independent legal counsel in the United States experienced in these matters to the effect that, as a result of the occurrence on or after the date of this offering memorandum of a change in law or regulation or a change in

Trust Investment Company Event means that ML&Co. shall have requested and received and shall have delivered to the regular trustees an opinion of nationally recognized independent legal counsel experienced in these matters to the effect that as a result of the occurrence on or after the date of this