Early Dissolution. The first to occur of any of the following events is an "Early Dissolution Event," upon the occurrence of which the Trust shall dissolve: (a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor; (b) the written direction to the Property Trustee from the Depositor at any time to dissolve the Trust and distribute Debentures to Securityholders in exchange for a Like Amount of the Preferred Securities (which direction is optional and wholly within the discretion of the Depositor); (c) the redemption of all of the Preferred Securities in connection with the redemption of all the Debentures; and (d) the entry of an order for dissolution of the Trust by a court of competent jurisdiction.
Appears in 13 contracts
Sources: Trust Agreement (Silicon Valley Bancshares), Trust Agreement (Us Home & Garden Trust I), Trust Agreement (Easy Gardener Products LTD)
Early Dissolution. The first to occur of any of the following events is an "“Early Dissolution Event," ” upon the occurrence of which the Trust shall dissolve:
(a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor;
(b) the written direction to the Property Trustee from the Depositor at any time to dissolve the Trust and distribute Debentures to Securityholders in exchange for a Like Amount of the Preferred Securities (which direction is optional and wholly within the discretion of the Depositor);
(c) the redemption of all of the Preferred Securities in connection with the redemption of all the Debentures; and
(d) the entry of an order for dissolution of the Trust by a court of competent jurisdiction.
Appears in 4 contracts
Sources: Trust Agreement (Silicon Valley Bancshares), Trust Agreement (BFC Capital Trust Ii), Trust Agreement (Silicon Valley Bancshares)
Early Dissolution. The first to occur of any of the following events is an "Early Dissolution Event," upon which shall cause a dissolution of the occurrence of which the Trust shall dissolveDepositor:
(a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor;
(b) the written direction to the Property Trustee from the Depositor at any time to dissolve the Trust and distribute Debentures to Securityholders in exchange for a Like Amount of the Preferred Securities (which direction is optional and wholly within the discretion of the Depositor);
(c) the redemption of all of the Preferred Securities in connection with the redemption of all the Debentures; and
(d) the entry of an order for dissolution of the Trust by a court of competent jurisdiction.
Appears in 2 contracts
Sources: Trust Agreement (Fib Capital Trust), Trust Agreement (First Interstate Bancsystem of Montana Inc)
Early Dissolution. The first to occur of any of the following events is an "Early Dissolution Event“EarlyDissolutionEvent," ” upon the occurrence of which the Trust shall dissolve:
(a) the occurrence of a Bankruptcy Event in respect of, or the dissolution or liquidation of, the Depositor;
(b) the written direction to the Property Trustee from the Depositor at any time to dissolve the Trust and distribute Debentures to Securityholders in exchange for a Like Amount of the Preferred Securities (which direction is optional and wholly within the discretion of the Depositor);
(c) the redemption of all of the Preferred Securities in connection with the redemption of all the Debentures; and
(d) the entry of an order for dissolution of the Trust by a court of competent jurisdiction.
Appears in 1 contract