Examples of Investment Company Act Event in a sentence
The Grantor may instruct the Trustee to dissolve the Trust and distribute the Company Preferred Securities on a pro rata basis to the Holders of the Trust Preferred Securities in the case of either a Tax Event as to the Trust or an Investment Company Act Event as to the Trust, as each is defined in the LLC Agreement.
The Company Preferred Securities may not be redeemed before the Dividend Payment Date regularly scheduled to occur in ____ 20*, unless a Tax Event, an Investment Company Act Event or a Capital Event occurs, in which case the Company may redeem the Company Preferred Securities in whole (but not in part) at any time on not less than 30 nor more than 60 days' notice.
The Grantor may instruct the Trustee to dissolve the Trust and distribute the Company Preferred Securities on a pro rata basis to the Holders of the Trust Preferred Securities in the case of either a Tax Event with respect to the Trust or an Investment Company Act Event with respect to the Trust.
The Company Preferred Securities are not redeemable at the option of the holders of Company Preferred Securities at any time and are not redeemable by the Company prior to _____________, 20_____, except in whole upon the occurrence of a Tax Event or an Investment Company Act Event as provided below.
If, at any time, a Tax Event or Investment Company Act Event shall occur and be continuing, the Corporation, at its option, may redeem shares of Series A Preferred Stock, in whole but not in part, out of assets legally available therefor at the Redemption Price.