Accrued Interest. If the proceeds of the liquidation is less than the combined claim amounts of the Class A Units and the Class B Units, the proceeds will be distributed in proportion to the claim amounts of the Class A Units and the Class B Units in full satisfaction of the claims of the Units. If the proceeds of liquidation exceed the claims of the Class A Units and the Class B Units, the excess will be paid to the Swap Counterparty as a Swap Termination Payment under the Swap Agreement.
Appears in 7 contracts
Samples: Trust Agreement (MSDW Structured Saturns Series 2002-4), Trust Agreement (MSDW Structured Asset Corp), Trust Agreement (MSDW Structured Saturns Verizon Glob Deb Back Ser 2002-9)
Accrued Interest. If the proceeds of the liquidation is are less than the combined claim amounts of the Class A Units and the Class B Units, the proceeds will be distributed in proportion to the claim amounts of the Class A Units and the Class B Units in full satisfaction of the claims of the Units. If the proceeds of liquidation exceed the claims of the Class A Units and the Class B Units, the excess will be paid to the Swap Counterparty as a Swap Termination Payment under the Swap Agreement.
Appears in 2 contracts
Samples: Trust Agreement (MSDW Structured Asset Corp), Trust Agreement (MSDW Structured Saturns Series 2002-10)
