Common use of Designation of Trust and Certificates Clause in Contracts

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50% Trust Certificates Series LMG-2". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.50% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 2 contracts

Samples: Series Supplement (Merrill Lynch Depositors Inc), Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series LMG-2)

AutoNDA by SimpleDocs

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2CZN-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.508.375% Trust Certificates Series LMG-2CZN-1". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15October 1, 2002 2001 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.508.375% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 2 contracts

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Ser CZN 1), Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Ser CZN 1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2NAI-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.508.05% Trust Certificates Series LMG-2"NAI-1. (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 (the "Authorized Denomination") and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15December 1, 2002 2001 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.508.05% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal principle amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series Nai-1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2BLC-2. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.508.00 % Trust Certificates Series LMG-2"BLC-2. (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January March 15, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.508.00% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Preferredplus Trust Series BLC-2)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2QWS-2. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50[ ]% Trust Certificates Series LMG-2QWS-2". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 [ ] and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January February 15, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.50[ ]% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series QWS-2)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2UPC-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.507.40% Trust Certificates Series LMG-2"UPC-1. (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms (except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series) and a corresponding number of additional Warrants in accordance with Article I of the Warrant Agreement. (c) On each Distribution Date, commencing on January December 15, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.507.40% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series Upc 1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be by the Initial Supplement is known as the "PREFERREDPLUS Trust Public STEERS(R) Series LMG-21998 HLT-1 Trust". The Class A Certificates and Class B Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50% Public STEERS(R) Trust Certificates Certificates, Series LMG-21998 HLT-1, Class A Trust Certificates" and the "Public STEERS(R) Trust Certificates, Series 1998 HLT-1, Class B Trust Certificates", respectively. (b) The Class A Certificates and Class B Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. Exhibits B and C, respectively. The Certificates shall be issued in authorized denominations of $25 1,000 (the "Authorized Denomination") and integral multiples thereof. On each Issue Date, one Class A Certificate and one Class B Certificate may be issued in an amount other than an integral multiple of the Authorized Denomination. Except as provided in the Standard TermsTerms and Section 15(a) hereof, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On The Class A Certificates will be entitled to receive (i) on each Distribution Date, commencing on January April 15, 2002 1999 and ending on the Final Scheduled Distribution Date or such earlier date if interest payments at a rate of 7.00% on the Underlying Securities are redeemed prior to stated amount of the Class A Trust Certificates and (ii) on the Final Scheduled Distribution Date, a distribution of the principal amount of the Underlying Securities. (d) On each Distribution Date, the Class B Certificates will be entitled to receive distributions at a rate an interest payment of 8.500.95% per annum on multiplied by the stated principal amount of the Certificates. Underlying Securities (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities"Class B Payments"). (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated principal amount of the Class A Certificates and the initial principal amount of the Class B Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Public Steers Series 1998-1 Trus)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS PPLUS Trust Series LMG-2JPM-1". The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50% 1,000,000 PPLUS Floating Rate Trust Certificates Series LMG-2JPM-1". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On The Certificates will be entitled to receive (i) on each Distribution Date, commencing on January the earlier to occur of an Unscheduled Payment Date and September 15, 2002 2004 and ending on the Final Scheduled Distribution Date Date, or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.50% per annum the then-applicable Floating Rate on the stated amount of the Certificates. Certificates and (dii) On on the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such the Underlying Securities. (ed) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Trust Supplement (PPLUS Trust Series JPM-1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2QWS-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.507.75% Trust Certificates Series LMG-2QWS-1". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January February 15, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.507.75% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Ser QWS- 1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2FRD-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.507.40% Trust Certificates Series LMG-2"FRD-1. (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15November 1, 2002 2001 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.507.40% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series FRD 1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS PPLUS Trust Series LMG-2JPM-1". The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50% 1,000,000 PPLUS Floating Rate Trust Certificates Series LMG-2JPM-1". (b) The Certificates shall be held through the Depository in book-book- entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On The Certificates will be entitled to receive (i) on each Distribution Date, commencing on January the earlier to occur of an Unscheduled Payment Date and September 15, 2002 2004 and ending on the Final Scheduled Distribution Date Date, or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.50% per annum the then-applicable Floating Rate on the stated amount of the Certificates. Certificates and (dii) On on the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such the Underlying Securities. (ed) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Trust Supplement (PPLUS Trust Series JPM-1)

AutoNDA by SimpleDocs

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2FRD-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.507.40% Trust Certificates Series LMG-2"FRD-1. (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15November 1, 2002 2001 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.507.40% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal principle amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series FRD 1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS PPLUS Trust Series LMG-2CSF-1". The Class A Certificates and Class B Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50PPLUS Class A 6.25% Trust Certificates Series LMG-2CSF-1" and the "PPLUS Class B 0.875% Trust Certificates Series CSF-1," respectively. (b) The Class A Certificates and Class B Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. Exhibits B and C, respectively. The Class A Certificates shall be issued in authorized denominations of $25 and integral multiples thereof and the Class B Certificates shall be issued with a notional principal amount of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this SeriesSeries and a corresponding number of additional Warrants in accordance with Article I of the Warrant Agreement. (c) On The Class A Certificates will be entitled to receive (i) on each Distribution Date, commencing on January 15, 2002 2004 and ending on the Final Scheduled Distribution Date Date, or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.506.25% per annum on the stated amount of the Certificates. Class A Certificates and (dii) On on the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such the Underlying Securities. (d) On each Distribution Date, the Class B Certificates will be entitled to receive a distribution of 0.875% per annum multiplied by the notional principal amount of the Class B Certificates (the "Class B Payments"). (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Class A Certificates and/or the notional principal amount of the Class B Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Pplus Trust Series CSF-1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2LMG-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.508.75% Trust Certificates Series LMG-2LMG-1". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15February 1, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.508.75% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series LMG-1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Public STEERS(R) Series LMG-21998 HLT-1 Trust". The Class A Certificates and Class B Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50% Public STEERS(R) Trust Certificates Certificates, Series LMG-21998 HLT-1, Class A Trust Certificates" and the "Public STEERS(R) Trust Certificates, Series 1998 HLT-1, Class B Trust Certificates", respectively. (b) The Class A Certificates and Class B Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. Exhibits B and C, respectively. The Certificates shall be issued in authorized denominations of $25 1,000 (the "Authorized Denomination") and integral multiples thereof. One Class A Certificate and one Class B Certificate may be issued in an amount other than an integral multiple of the Authorized Denomination. Except as provided in the Standard TermsTerms and Section 15(a) hereof, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On The Class A Certificates will be entitled to receive (i) on each Distribution Date, commencing on January April 15, 2002 1999 and ending on the Final Scheduled Distribution Date or such earlier date if interest payments at a rate of 7.00% on the Underlying Securities are redeemed prior to stated amount of the Class A Trust Certificates and (ii) on the Final Scheduled Distribution Date, a distribution of the principal amount of the Underlying Securities. (d) On each Distribution Date, the Class B Certificates will be entitled to receive distributions at a rate an interest payment of 8.500.95% per annum on multiplied by the stated principal amount of the Certificates. Underlying Securities (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities"Class B Payments"). (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated principal amount of the Class A Certificates and the initial principal amount of the Class B Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2NAI-1. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.508.05% Trust Certificates Series LMG-2"NAI-1. (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 (the "Authorized Denomination") and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January 15December 1, 2002 2001 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.508.05% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series Nai-1)

Designation of Trust and Certificates. (a) The Trust created hereby shall be by the Initial Supplement is known as the "PREFERREDPLUS Trust Public STEERS(R) Series LMG-21998 F-Z4 Trust". The Class A Certificates and Class B Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.50% Public STEERS(R) Trust Certificates Certificates, Series LMG-21998 F-Z4, Class A Trust Certificates" and the "Public STEERS(R) Trust Certificates, Series 1998 F-Z4, Class B Trust Certificates", respectively. (b) The Class A Certificates and Class B Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. Exhibits B and C, respectively. The Certificates shall be issued in authorized denominations of $25 5,000 (the "Authorized Denomination") and integral multiples thereof. On each Issue Date, one Class A Certificate and one Class B Certificate may be issued in an amount other than an integral multiple of the Authorized Denomination. Except as provided in the Standard TermsTerms and Section 15(a) hereof, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January November 15, 2002 1998 and ending on the Final Scheduled Distribution Date (or such earlier date if the maturity of the Underlying Securities are redeemed prior to the Final Scheduled Distribution Dateis advanced), the Class A Certificates will be entitled to receive distributions the interest payment, if any, received on the Underlying Securities, which will represent a return of principal on the Class A Certificates and the payment of interest at a rate of 8.506.646% per annum on the stated amount Notional Amount of the Class A Certificates. (d) On the Final Scheduled Distribution Date, the Class B Certificates will be entitled to a distribution of all of the aggregate principal amount Underlying Securities held by the Trust as of such date. On or prior to the 60th day preceding the Final Scheduled Distribution Date, the Trustee shall request instructions from the registered holders of the Class B Certificates (by delivery of a notice to such registered holders) regarding the account or accounts to which transfer of the Underlying SecuritiesSecurities should be made, and other information relevant to such transfer. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount Notional Amount of the Class A Certificates and the principal amount at maturity of the Class B Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Dep Inc Public Steers Trust Cert Ser 1998 F-Z4)

Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "PREFERREDPLUS Trust Series LMG-2QWS-2. The Certificates evidencing certain undivided ownership interests therein shall be known as the "PREFERREDPLUS 8.508.00% Trust Certificates Series LMG-2QWS-2". (b) The Certificates shall be held through the Depository in book-entry form and shall be substantially in the form attached hereto as Exhibit B. The Certificates shall be issued in authorized denominations of $25 and integral multiples thereof. Except as provided in the Standard Terms, the Trust shall not issue additional Certificates or incur any indebtedness; provided, however, from time to time, upon obtaining prior written confirmation by each Rating Agency that such action will not result in a downgrading or withdrawal of its rating of the Certificates, the Depositor may, without the consent of the Certificateholders, increase the amount of the Underlying Securities in the Trust and the Trust may issue a corresponding amount of additional Certificates in accordance with Section 5.12(a) of the Standard Terms except that clauses (v), (vi) and (vii) of Section 5.12(a) shall not apply to this Series. (c) On each Distribution Date, commencing on January February 15, 2002 and ending on the Final Scheduled Distribution Date or such earlier date if the Underlying Securities are redeemed prior to the Final Scheduled Distribution Date, the Certificates will be entitled to receive distributions at a rate of 8.508.00% per annum on the stated amount of the Certificates. (d) On the Final Scheduled Distribution Date, the Certificates will be entitled to a distribution of the aggregate principal amount of such Underlying Securities. (e) Any reference to the principal amount of the Certificates shall be construed as a reference to the stated amount of the Certificates, unless otherwise indicated.

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series QWS-2)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!