Liquidation Distribution upon Termination and Dissolution of the Trust. In the event of any voluntary or involuntary dissolution of the Trust (a "Trust Liquidation"), each Holder on the date of the Trust Liquidation will be entitled to receive, out of the assets of the Trust available for distribution to Holders after satisfaction of the Trust's liabilities and creditors, if any, a Pro Rata portion of the assets of the Trust.
Appears in 2 contracts
Sources: Trust Agreement (Txu Europe Funding I L P), Trust Agreement (Texas Utilities Co /Tx/)