Payment of Taxes or Other Governmental Charges. If any tax or other governmental charge shall become payable by or on behalf of the Trustee, including any tax or charge required to be withheld from any payment made to or by the Trustee under the provisions of any applicable law, with respect to any Certificate or with respect to the Interest, Principal or Callable Principal (or portions thereof) evidenced by any Certificate, such tax or governmental charge shall be payable by the Holder of such Certificate and may be so withheld by the Trustee. The surrender of or registration of transfer or exchange of any Certificate may be refused until such payment is made.
Appears in 7 contracts
Samples: Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (National Financial Securities Corp)
Payment of Taxes or Other Governmental Charges. If any tax or other governmental charge shall become payable by or on behalf of the Trustee, including any tax or charge required to be withheld from any payment made to or by the Trustee under the provisions of any applicable law, with respect to any Certificate Receipt or with respect to the Interest, Principal or Callable Principal (or portions thereof) evidenced by any Certificatesuch Receipt, such tax or governmental charge shall be payable by the Holder of such Certificate Receipt and may be so withheld by the Trustee. The surrender of or registration of transfer or exchange of any Certificate Receipt may be refused until such payment is made.
Appears in 3 contracts
Samples: Series Trust Agreement (American Corporate Receipts Inc), Series Trust Agreement (American Corporate Receipts Inc), Series Trust Agreement (American Corporate Receipts Inc)
Payment of Taxes or Other Governmental Charges. B-13 If any tax or other governmental charge shall become payable by or on behalf of the Trustee, including any tax or charge required to be withheld from any payment made to or by the Trustee under the provisions of any applicable law, with respect to any Certificate or with respect to the Interest, Principal or Callable Principal (or portions thereof) evidenced by any Certificate, such tax or governmental charge shall be payable by the Holder of such Certificate and may be so withheld by the Trustee. The surrender of or registration of transfer or exchange of any Certificate may be refused until such payment is made.
Appears in 1 contract
Samples: Trust Agreement (National Financial Securities Corp)
