Part 11 — Trust Indentures Division 1 Interpretation and Application
247 Definitions
(a) "event of default" means, in relation to a trust indenture , an
event specified in the trust indenture on the occurrence of
which the principal, interest and other money payable under
the trust indenture become or may be declared to be payable
before maturity, but the event is not an event of default until
all the conditions set out in the trust indenture in connection
with that event for the giving of notice or the lapse of time
or otherwise have been satisfied;
(b) "guarantor" means a person that has guaranteed an
obligation of an issuer under a trust indenture;
(c) "issuer" means a cooperativ e that has issued, is about to
issue or is in the process of issuing debt obligations;
(d) "trust indenture" means a deed, indenture or other
document, including a supplement or amendment to such a
document, made by a cooperative under which the
cooperative issues debt obligations and in which a person is
appointed as trustee for the holders of the debt obligations
issued under it;
(e) "trustee" means a person a ppointed as trustee under the
terms of a trust indenture to which a cooperative is a party,
and includes a successor trustee.