Distributions on the. Assuming payments of interest on the Debentures are made when due (and before giving effect to Additional Amounts, if applicable), Distributions on the Trust Securities shall be payable at a rate of [ ]% per annum of the Liquidation Amount of the Trust Securities. The amount of Distributions payable for any full Distribution period shall be computed by dividing the per annum rate by two. The amount of Distributions for any partial Distribution period shall be computed on the basis of the number of days elapsed in a 360-day year of twelve 30-day months. The amount of Distributions payable for any period shall include the Additional Amounts, if any.
Appears in 2 contracts
Samples: Trust Agreement (Chase Capital Vi), Trust Agreement (Chase Capital Ix)
Distributions on the. Assuming payments of interest on the Debentures are made when due (and before giving effect to Additional Amounts, if applicable), Distributions on the Trust Securities shall be payable at a rate of [ ]7.67% per annum of the Liquidation Amount of the Trust Securities. The amount of Distributions payable for any full Distribution period shall be computed by dividing the per annum rate by two. The amount of Distributions for any partial Distribution period shall be computed on the basis of the number of days elapsed in a 360-day year of twelve 30-day months. The amount of Distributions payable for any period shall include the Additional Amounts, if any.
Appears in 2 contracts
Samples: Trust Agreement (Chase Capital Iii), Trust Agreement (Chase Capital Iii)