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 on the relevant record date, which shall be one Business Day prior to the relevant Distribution Date, if Trust Securities are in book-entry only form, and 15 days prior to the relevant Distribution Date if Trust Securities are not in book-entry only form.
Appears in 6 contracts
Samples: Trust Agreement (Southwestern Electric Power Co), Trust Agreement (Aep Capital Trust Iii), Trust Agreement (Southwestern Electric Power Co)
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 on the relevant record date, which shall be one Business Day prior to the relevant Distribution Date, if Trust Securities are in book-entry only form, and 15 days prior to the relevant Distribution Date if Trust Securities are not in book-entry only formDate.
Appears in 2 contracts
Samples: Trust Agreement (Mp&l Capital I), Trust Agreement (Midamerican Energy Financing Ii)
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 on the relevant record date, which shall be one Business Day prior to the relevant such Distribution Date; provided, if Trust however, that in the event that the Preferred Securities are do not remain in book-entry entry-only form, and the relevant record date shall be the date 15 days prior to the relevant Distribution Date if Trust Securities are not in book-entry only formDate.
Appears in 1 contract
Samples: Trust Agreement (Sce Trust I)
