Distributions on the Trust Securities with respect to a Distribution Date. shall be payable to the Holders thereof as they appear on the Securities Register for the Trust Securities at the close of business on the relevant record date, which shall be at the close of business on the 15th calendar day next preceding the relevant Distribution Date, whether or not a Business Day.
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Samples: Trust Agreement (Morgan Stanley), Trust Agreement (Morgan Stanley)
Distributions on the Trust Securities with respect to a Distribution Date. shall be payable to the Holders thereof as they appear on the Securities Register for the Trust Securities at the close of business on the relevant record date, which shall be at the close of business on the 15th calendar fifteenth day next preceding of the month in which the relevant Distribution Date, whether Date occurs (or if such date is not a Business Day, the immediately preceding Business Day).
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Distributions on the Trust Securities with respect to a Distribution Date. shall be payable to the Holders thereof as they appear on the Securities Register for the Trust Securities at the close of business on the relevant record date, which shall be at the close of business on the 15th calendar day next preceding date 15 days prior to the relevant Distribution Date, whether Date (or if such date is not a Business Day, the next Business Day following such date).
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