Common use of Income Distributions Clause in Contracts

Income Distributions. All income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Pledged Senior Notes, the Pledged Treasury Portfolio Interest or Permitted Investments from time to time held in the Collateral Account, if any, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate PIES or Treasury PIES are registered at the close of business on the Record Date (as specified in the Purchase Contract Agreement) preceding the date of such distribution as provided in the Purchase Contract Agreement. Notwithstanding the foregoing, income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Treasury Portfolio Interest shall not exceed the Treasury Portfolio Return.

Income Distributions. All income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Pledged Senior Notes, the Pledged Treasury Portfolio Interest or Permitted Investments from time to time held in the Collateral Account, if any, Account shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate PIES or Treasury PIES are registered at the close of business on the Record Date (as specified in the Purchase Contract Agreement) Agreement preceding the date of such distribution as provided in the Purchase Contract Agreement. Notwithstanding the foregoing, income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Treasury Portfolio Interest shall not exceed the Treasury Portfolio Return.

Income Distributions. All income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Pledged Senior NotesDebt Securities, the Pledged Treasury Portfolio Interest or Permitted Investments from time to time held in the Collateral Account, if any, shall be distributed to the Purchase Contract Agent for the benefit of the applicable Holders in whose names the Corporate PIES Units or Treasury PIES Units are registered at the close of business on the Record Date (as specified in the Purchase Contract Agreement) preceding the date of such distribution as provided in the Purchase Contract Agreement. Notwithstanding the foregoing, income distributions, including interest payments received by the Securities Intermediary or the Collateral Agent on account of the Treasury Portfolio Interest shall not exceed the Treasury Portfolio Return.