Common use of Liquidation Clause in Contracts

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 29 contracts

Samples: Trust Agreement (Allegiant Capital Trust I), Trust Agreement (Northeast Bancorp /Me/), Trust Agreement (Pfbi Capital Trust)

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Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 17 contracts

Samples: Trust Agreement (TCF Capital I), Trust Agreement (Chase Manhattan Corp /De/), Trust Agreement (Mbna Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 13 contracts

Samples: Trust Agreement (Susquehanna Bancshares Inc), Trust Agreement (Susquehanna Capital IV), Trust Agreement (J P Morgan Chase & Co)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 7 contracts

Samples: Trust Agreement (BB&T Capital Trust II), Trust Agreement (Bb&t Corp), Trust Agreement (State Street Corp)

Liquidation. (a) If an Early a Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Dateoccurs, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesNotes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 7 contracts

Samples: Declaration of Trust (BEE Financing Trust III), Declaration of Trust (Strategic Hotels & Resorts, Inc), Trust Agreement (Webster Financial Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs occurs, or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 6 contracts

Samples: Trust Agreement (Goldman Sachs Group Inc/), Trust Agreement (Goldman Sachs Group Inc/), Trust Agreement (Goldman Sachs Group Inc/)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d)) . Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 5 contracts

Samples: Trust Agreement (Bb&t Corp), Trust Agreement (Bb&t Corp), Trust Agreement (Bb&t Corp)

Liquidation. (a) If Upon notification by any one or all of the Administrative Trustees of an Early Termination Event specified in clause (a), (b) ), or (d) of Section 9.2 902 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d904(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date Date, as determined by any one or all of the Administrative Trustees to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 4 contracts

Samples: Trust Agreement (Air T Inc), Trust Agreement (Air T Inc), Trust Agreement (Air T Funding)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 4 contracts

Samples: Trust Agreement (Zions Institutional Capital Trust A), Trust Agreement (State Street Boston Corp), Trust Agreement (American Express Co Capital Trust Ii)

Liquidation. (a) If an Early Termination a Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date9.1 occurs, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d9.3(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 4 contracts

Samples: Declaration of Trust (First Merchants Corp), Declaration of Trust and Trust Agreement (Superior Bancorp), Exchange Agreement

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 4 contracts

Samples: Trust Agreement (Popular Inc), Trust Agreement (Zions Capital Trust B), Trust Agreement (Popular Inc)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 3 contracts

Samples: Trust Agreement (State Street Boston Corp), Trust Agreement (State Street Capital Trust Ii), Trust Agreement (CSC Capital Iii)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, law to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 3 contracts

Samples: Trust Agreement (Bb&t Corp), Trust Agreement (Bb&t Corp), Trust Agreement (Bb&t Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated wound up by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction or the making of reasonable provision for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation dissolution shall be given by the Property Trustee by first-first- class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation dissolution shall:

Appears in 2 contracts

Samples: Agreement (Hl&p Capital Trust Iv), Agreement (Hl&p Capital Trust Iv)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a 66 - 61 - Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (National Penn Bancshares Inc), Trust Agreement (National Penn Bancshares Inc)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, including Section 3808 of the Delaware Statutory Trust Act, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Expenses and Liabilities (Privatebancorp, Inc), Expenses and Liabilities (Privatebancorp, Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs occurs, or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be prepared by an Administrative Trustee and shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Comerica Capital Trust Ii), Trust Agreement (Citizens Funding Trust II)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (S&t Bancorp Inc), Trust Agreement (M&t Bank Corp)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (S&t Bancorp Inc), Trust Agreement (M&t Bank Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) ), or (d) of Section 9.2 9.02 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Administrative Trustees as expeditiously as the Property Trustee determines Administrative Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d9.04(d). Notice of liquidation shall be prepared by or on behalf of the Administrative Trustees and given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Ozark Capital Trust), Trust Agreement (Bank of the Ozarks Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:Trust

Appears in 2 contracts

Samples: Trust Agreement (American Bancshares Inc \Fl\), Trust Agreement (Sman Capital Trust 1)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Declaration of Trust (Popular Inc), Declaration of Trust (Popular Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Caremark Rx Inc), Trust Agreement (Gentiva Health Services Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated wound up by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction or the making of reasonable provision for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation dissolution shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation dissolution shall:

Appears in 2 contracts

Samples: Agreement (Hl&p Capital Trust I), Trust Agreement (Hl&p Capital Trust I)

Liquidation. (a) If an Early Termination Event specified in ----------- clause (a), (b), (c), (d) or (df) of Section SECTION 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section SECTION 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (DPL Inc), Trust Agreement (DPL Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Pennsylvania Power & Light Co /Pa), Trust Agreement (Pennsylvania Power & Light Co /Pa)

Liquidation. (a) If an Early Termination Event specified in clause (a), (bi) or (div) of Section 9.2 occurs or upon 9.02 occurs, after satisfaction of liabilities to creditors of the Expiration DateTrust as provided by applicable law, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible appropriate by distributing, after adequately providing for the satisfaction of liabilities liability to creditors of the Issuer Trust as provided Creditors, if any, and by applicable law, distributing to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d9.04(e). Notice of liquidation shall be given by the Property Trustee Administrative Trustees by first-class mail, postage prepaid, mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Security Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Tu Electric Capital Ii), Trust Agreement (Tu Electric Capital I)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provision for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Schwab Charles Corp), Trust Agreement (Mellon Financial Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provision for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Mellon Bank Corp), Mellon Bank Corp

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Dateoccurs, the Issuer Trust shall be liquidated by the Property Trustee and the Administrative Trustees as expeditiously as the Property Trustee determines and the Administrative Trustees determine to be possible by distributing, after satisfaction satisfying the requirement of liabilities to creditors Section 3808(e) of the Issuer Delaware Statutory Trust as provided by applicable lawAct, to each Holder of Apex a Like Amount of Junior Subordinated DebenturesPreferred Stock as of the date of such distribution, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee or the Administrative Trustees by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities Apex at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Goldman Sachs Group Inc), Trust Agreement (Goldman Sachs Group Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provision for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesNotes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaidprepaid mailed at least 30 days, mailed but not later than 15 nor more than 45 days 60 days, prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 2 contracts

Samples: Trust Agreement (Schwab Charles Corp), Trust Agreement (Schwab Capital Trust Ii)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs occurs, or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Goldman Sachs Capital III)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesDebt Securities, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Everest Re Capital Trust Iii)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b), (d) or (de) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provision for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Mellon Financial Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be wound up and liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Agreement (Aig Capital Trust I)

Liquidation. (a) If an Early Termination Event specified in clause clauses (a), (b) or (d) of Section 9.2 9.02 occurs or upon immediately prior to the Expiration DateDate specified in Section 9.01, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated the Debentures, subject to Section 9.4(d9.04(d). Notice of liquidation shall be given by the Property Trustee Administrative Trustees by first-first- class mail, postage prepaid, mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (PMC Capital I)

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Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (de) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors all claims and obligations of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (State Street Capital Trust V)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause clauses (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date (any such date being the "Liquidation Date"), the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d)subsection (d) below. Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Sea Pines Associates Inc)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesDebt Securities, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Northern Trust Corp)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a 42 Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Indenture Trust Agreement (Popular Inc)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (de) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee and the Administrative Trustees as expeditiously as the Property Trustee determines such Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Integon Capital I)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 6.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d6.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (CNB Capital Trust I)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration DateDate (if the Expiration Date is a date that occurs prior the stated maturity of the Debentures), the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, and subject to Section 4.3(a) and 9.4(d), to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Onb Capital Trust Vi)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Declaration of Trust and Trust Agreement (Popular Inc)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) ), or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to known creditors of the Issuer Trust as provided by applicable lawlaw as to which the Property Trustee has received notice of amounts owing, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later fewer than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such that Holder's ’s address appearing in the Securities Register. All those notices of liquidation shallshall state:

Appears in 1 contract

Samples: Trust Agreement (Wilmington Trust Capital A)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later than 15 nor more than 45 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (American Safety Insurance Group LTD)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 7.2 occurs or upon the Expiration Date, the Issuer Trust Company shall be wound up and liquidated by the Property Trustee Managing Member as expeditiously as the Property Trustee Managing Member determines to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust Company as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d7.4(d). Notice of liquidation shall be given by the Property Trustee Company by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust LLC Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Delphi Financial Group Inc/De

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated DebenturesNotes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Ingersoll Rand Co)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, including Section 3808(e) of the Act to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property TRUST AGREEMENT Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Wachovia Capital Trust XIII)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesNotes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Everest Re Group LTD)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees as 57 50 expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction or the making of reasonable provisions for the payment of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (First Tennessee National Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, and subject to Section 4.3(a) and 9.4(d), to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Old National Bancorp /In/)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs occurs, or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be prepared by an Administrative Trustee and shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Indenture Trust Agreement (Citizens Banking Corp)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs occurs, or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee as expeditiously as the Property Trustee determines to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Goldman Sachs Group Inc/)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) ), or (d) of Section 9.2 hereof occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Trustees in accordance with their respective duties hereunder as provided herein as expeditiously as the Property Trustee determines Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder Securityholder a Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d)) below. Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Alabama National Bancorporation)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesDebt Securities, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Everest Re Group LTD)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesNotes, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such HolderXxxxxx's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Everest Re Capital Trust)

Liquidation. (a) If an Early Termination Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a Like Amount of Junior Subordinated DebenturesDebt Securities, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, prepaid mailed not later less than 15 thirty (30) nor more than 45 sixty (60) days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's ’s address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Agreement (Everest Reinsurance Holdings Inc)

Liquidation. (a) If an Early Termination Dissolution Event specified in clause (a), (b) or (d) of Section 9.2 occurs or upon the Expiration Date, the Issuer Trust shall be liquidated by the Property Trustee Issuer Trustees as expeditiously as the Property Trustee determines Issuer Trustees determine to be possible by distributing, after satisfaction of liabilities to creditors of the Issuer Trust as provided by applicable law, to each Holder a 44 Like Amount of Junior Subordinated Debentures, subject to Section 9.4(d). Notice of liquidation shall be given by the Property Trustee by first-class mail, postage prepaid, mailed not later less than 15 30 nor more than 45 60 days prior to the Liquidation Date to each Holder of Trust Securities at such Holder's address appearing in the Securities Register. All such notices of liquidation shall:

Appears in 1 contract

Samples: Trust Indenture Trust Agreement (Santander Bancorp)

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