Trust Termination Event definition
Trust Termination Event. With respect to any Series, as specified in the related Series Supplement.
Trust Termination Event the payment in full at maturity or upon early redemption of the Certificates or (b) the distribution of the proceeds received upon a recovery on the Term Assets (in the case of Payment Default, after deducting the costs incurred in connection therewith) after a Payment Default or an Acceleration thereof (or other default with respect to the Term Assets).
Trust Termination Event the payment in full at maturity or upon early redemption of the Certificates, (b) the distribution of the proceeds received upon a recovery on the Term Assets in the case of a Payment Default (after deducting the costs incurred in connection therewith) or an Acceleration thereof (or other default with respect to the Term Assets), (c) the distribution in kind of the Term Assets upon a tender by an affiliate of the Depositor of 100% of the then outstanding Call Warrants and Certificates in exchange for 100% of the Term Assets, or (d) the sale by the Trustee in accordance with the Call Warrants of all the Term Assets and the distribution in full of all amounts due to Certificateholders.
Examples of Trust Termination Event in a sentence
The Depositor shall deliver to the Trustee on or prior to June 30 of each year prior to a Trust Termination Event the Officer's Certificate as to compliance as required by Section 6.1(b) of the Base Trust Agreement.
The Depositor shall deliver to the Trustee on or prior to June 30 of each year prior to a Trust Termination Event the Officer’s Certificate as to compliance as required by Section 6.1(b) of the Base Trust Agreement.
The Voting Trust shall terminate upon the occurrence of a Trust Termination Event, as provided in the Agreement.
The Trustor shall deliver to the Trustee on or prior to March 15 of each year prior to a Trust Termination Event the Officer’s Certificate as to compliance as required by Section 6.1(b) of the Base Trust Agreement.
The Trust shall terminate upon the occurrence of any Trust Termination Event.
More Definitions of Trust Termination Event
Trust Termination Event. Means the earlier of (a) the payment in full at maturity or upon early redemption of all of the Certificates, (b) the distribution of the proceeds received upon a recovery on the Underlying Securities (after deducting the costs incurred in connection therewith) after a Payment Default (or other default with respect to the Underlying Securities), (c) the sale by the Trust in accordance with the Call Warrants of all the Underlying Securities and the distribution in full of all amounts due to Certificateholders, or (d) the liquidation of the Underlying Securities in accordance with Section 10(j) of this Series Supplement in the event of an SEC Reporting Failure.
Trust Termination Event. (a) the distribution in kind of the Term Assets to the Residual Class Certificateholders on May 15, 2017 (subject to Section 9(b) hereof), (b) the payment in full of the Certificates following a Shortened Maturity Redemption, (c) an In-Kind Distribution, (d) the payment in full of the Certificates following an Optional Redemption, other than a Partial Optional Redemption, or (e) the exchange of Certificates for the last remaining Term Assets pursuant to Section 8.
Trust Termination Event means a Trust Swap Payment Default, an Underlying Securities Bankruptcy Default, an Underlying Securities Payment Default, a Trust Regulatory Event, an SEC Reporting Failure, an Optional Exchange pursuant to Section 7 hereof of all of the outstanding Certificates for all of the Underlying Securities held by the Trust, and an optional redemption or other prepayment of 100% of the Underlying Securities.
Trust Termination Event. The reduction of the ----------------------- Certificate Principal Balance to zero in connection with the later of (x) the distribution of the proceeds received upon a sale, redemption or maturity of the last remaining Underlying Security in the Trust (after deducting any costs incurred un connection therewith) and (y) the distribution of the proceeds received upon maturity of the Treasury Securities.
Trust Termination Event. (a) the payment in full at maturity or upon early redemption of the Certificates, or (b) the distribution of the Term Assets after a Swap Termination Date as required by Section 9 herein.
Trust Termination Event means the occurrence of (i) the Repurchase Date under the Repurchase Agreement or (ii) the Early Termination Date.
Trust Termination Event. (a) the payment in full at maturity or upon early redemption of the Certificates, (b) the distribution of the proceeds received upon a recovery on the Underlying Securities (in the case of Payment Default, after deducting the costs incurred in connection therewith) after a Payment Default or on Acceleration or other default with respect to the Underlying Securities (and the expiration of any applicable grace period on the Underlying Securities), (c) the distribution (or liquidation and distribution) of the Underlying Securities in accordance with Section 10(g) hereof in the event that periodic reports required to be filed by the Underlying Issuer are no longer being filed, or (d) the sale by the Trust in accordance with the Call Warrants of all the Underlying Securities and the distribution in full of all amounts due to Certificateholders.