Trust Termination Event definition

Trust Termination Event. With respect to any Series, as specified in the related Series Supplement.

Trust Termination Event. (a) 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. (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 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 Trustor shall deliver to the Trustee and the Swap Counterparty 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.

• In the event of a Swap Agreement Termination Event, after paying all amounts due to the Swap Counterparty as set forth in the first sentence of this Section 10(b), if no Trust Termination Event has occurred, all Interest Collections shall thereafter be distributed to Certificateholders on each applicable Distribution Date.

• The Trustor 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 officers of the Corporation shall be a Chairman, a Chief Executive Officer, a President, one or more Vice Presidents (the number thereof and their respective titles to be determined by the Board), a Secretary, and such other officers as may be appointed at the discretion of the Board in accordance with the provisions of Section 4.3 hereof.

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, (b) the distribution of the proceeds received upon a recovery on the Term Assets (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) or (c) the distribution in kind of the Term Assets upon the tender by an affiliate of the Depositor of 100% of the Certificates in exchange for 100% of the Term Assets.

Trust Termination Event. The meaning specified in Section 13 hereof.

Trust Termination Event. (a) receipt and distribution to the holders of Certificates entitled thereto of all amounts owed under the Trust Agreement in respect of the Term Assets (subject to Section 9(c) hereof), (b) the occurrence of any Shortened Maturity Redemption, (c) the occurrence of any Optional Redemption of all the Term Assets then held by the Trust, (d) the occurrence of an In-Kind Distribution of all Term Assets then held by the Trust or (e) the delivery of the last remaining Term Assets then held by the Trust, to Certificateholders in exchange for Certificates pursuant to Section 8.