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 "Public STEERS(R) Series 1998 TRV-C1 Trust". The Certificates evidencing certain undivided ownership interests therein shall be known as the "Public STEERS(R) Trust Certificates, Series 1998 TRV-C1". (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 $10 (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. (c) On each Distribution Date, commencing on June 1, 1998 and ending on the Final Scheduled Distribution Date (or such earlier date if the maturity of the Underlying Securities is advanced), the Certificates will be entitled to receive distributions at a rate of 7.75% 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 stated amount of such Certificates. (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 (Public Steers(R) Trust Certificates, Series 1998 TRV-C1), Series Supplement (Merrill Lynch Depositor Inc)

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Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "Public STEERS(R) Series 1998 TRV1999 REN-C1 Trust". The Certificates evidencing certain undivided ownership interests therein shall be known as the "Public STEERS(R) Trust Certificates, Series 1998 TRV1999 REN-C1". (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 $10 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. (c) On each Distribution Date, commencing on June March 1, 1998 2000 and ending on the Final Scheduled Distribution Date (or such earlier date if the maturity of the Underlying Securities is advancedare redeemed prior to the Final Scheduled Distribution Date), the Certificates will be entitled to receive distributions at a rate of 7.758.54% 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 stated amount of such Certificates. (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 Public Steers Ser 1999 Ren C1 Tr), Series Supplement (Merrill Lynch Depositor Inc Public Steers Ser 1999 Ren C1 Tr)

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Designation of Trust and Certificates. (a) The Trust created hereby shall be known as the "Public STEERS(R) Series 1998 TRV-C1 Trust". The Certificates evidencing certain undivided ownership interests therein shall be known as the "Public STEERS(R) Trust Certificates, Series 1998 TRV-C1". (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 $10 (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. (c) On each Distribution Date, commencing on June 1, 1998 and ending on the Final Scheduled Distribution Date (or such earlier date if the maturity of the Underlying Securities is advancedare redeemed prior to the Final Scheduled Distribution Date), the Certificates will be entitled to receive distributions at a rate of 7.75% 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 stated amount of such Certificates. (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 Supplement (Merrill Lynch Depositor Inc)

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