Common use of Dissolution and Termination of Trust Clause in Contracts

Dissolution and Termination of Trust. (a) The Trust shall dissolve upon the earliest to occur of the following: (i) the bankruptcy of the Holder of the Common Securities or the Sponsor; (ii) the distribution to the Holders of the Securities of the Debentures held by the Property Trustee in an aggregate principal amount equal to the aggregate liquidation amount of the Securities; (iii) the entry of a decree of judicial dissolution of the Holder of the Common Securities, the Sponsor or the Trust; or (iv) all of the Securities shall have been called for redemption [or conversion] and the amounts necessary for redemption thereof shall have been paid to the Holders in accordance with the terms of the Securities. (b) As soon as is practicable after the occurrence of an event referred to in Section 8.1(a), the Trustees shall file a certificate of cancellation with the Secretary of State of the State of Delaware. (c) The provisions of Section 4.2 and Article IX shall survive the termination of the Trust.