Common use of SERIES INTEREST RATE Clause in Contracts

SERIES INTEREST RATE. SECTION 2.5.1. DETERMINING THE INTEREST RATE. By purchasing 2000-I Notes, whether in an Auction or otherwise, each purchaser of the 2000-I Notes, or its Broker-Dealer, must agree and shall be deemed by such purchase to have agreed (i) to participate in Auctions on the terms described herein, (ii) to have its beneficial ownership of the 2000-I Notes maintained at all times in Book-Entry Form for the account of its Participant, which in turn will maintain records of such beneficial ownership and (iii) to authorize such Participant to disclose to the Auction Agent such information with respect to such beneficial ownership as the Auction Agent may request. So long as the ownership of a Series of 2000-I Notes is maintained in Book-Entry Form, an Existing Note Owner may sell, transfer or otherwise dispose of 2000-I Notes of such Series only pursuant to a Bid or Sell Order placed in an Auction or otherwise sell, transfer or dispose of 2000-I Notes through a Broker-Dealer, provided that, in the case of all transfers other than pursuant to Auctions, such Existing Note Owner its Broker-Dealer or its Participant advises the Auction Agent of such transfer Auctions shall be conducted on each Auction Date, if there is an Auction Agent on such Auction Date, in the following manner (such procedures to be applicable separately to each Series of the 2000-I Notes):

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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SERIES INTEREST RATE. SECTION 2.5.1. DETERMINING THE INTEREST RATE. By purchasing 20001999-I 1 Notes, whether in an Auction or otherwise, each purchaser of the 20001999-I 1 Notes, or its Broker-Dealer, must agree and shall be deemed by such purchase to have agreed (i) to participate in Auctions on the terms described herein, (ii) to have its beneficial ownership of the 20001999-I Notes maintained at all times in Book-Entry Form for the account of its Participant, which in turn will maintain records of such beneficial ownership and (iii) to authorize such Participant to disclose to the Auction Agent such information with respect to such beneficial ownership as the Auction Agent may request. So long as the ownership of a Series of 20001999-I 1 Notes is maintained in Book-Entry Form, an Existing Note Owner may sell, transfer or otherwise dispose of 20001999-I Notes of such Series only pursuant to a Bid or Sell Order placed in an Auction or otherwise sell, transfer or dispose of 20001999-I 1 Notes through a Broker-Dealer, Dealer provided that, in the case of all transfers other than pursuant to Auctions, such Existing Note Owner Owner, its Broker-Dealer or its Participant advises the Auction Agent of such transfer transfer. Auctions shall be conducted on each Auction Date, if there is an Auction Agent on such Auction Date, in the following manner (such procedures to be applicable separately to each Series of the 20001999-I Notes):

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

SERIES INTEREST RATE. SECTION 2.5.1. DETERMINING THE INTEREST RATE. By purchasing 2000-I 1999 Notes, whether in an Auction or otherwise, each purchaser of the 2000-I Notes, 1999 Notes or its Broker-Dealer, must agree and shall be deemed by such purchase to have agreed (i) to participate in Auctions on the terms described herein, (ii) to have its beneficial ownership of the 2000-I 1999 Notes maintained at all times in Book-Entry Form for the account of its Participant, which in turn will maintain records of such beneficial ownership and (iii) to authorize such Participant to disclose to the Auction Agent such information with respect to such beneficial ownership as the Auction Agent may request. So long as the ownership of a Series of 2000-I 1999 Notes is maintained in Book-Entry Form, an Existing Note Owner may sell, transfer or otherwise dispose of 2000-I 1999 Notes of such Series only pursuant to a Bid or Sell Order placed in an Auction or otherwise sell, transfer or dispose of 2000-I 1999 Notes through a Broker-Dealer, provided that, in the case of all transfers other than pursuant to Auctions, such Existing Note Owner Owner, its Broker-Dealer or its Participant advises the Auction Agent of such transfer transfer. Auctions shall be conducted on each Auction Date, if there is an Auction Agent on such Auction Date, in the following manner (such procedures to be applicable separately to each Series of the 2000-I 1999 Notes):

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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SERIES INTEREST RATE. SECTION 2.5.1. DETERMINING THE INTEREST RATE. By purchasing 2000-I 2000 Notes, whether in an Auction or otherwise, each purchaser of the 2000-I 2000 Notes, or its Broker-Dealer, must agree and shall be deemed by such purchase to have agreed (i) to participate in Auctions on the terms described herein, (ii) to have its beneficial ownership of the 2000-I 2000 Notes maintained at all times in Book-Entry Form for the account of its Participant, which in turn will maintain records of such beneficial ownership and (iii) to authorize such Participant to disclose to the Auction Agent such information with respect to such beneficial ownership as the Auction Agent may request. So long as the ownership of a Series of 2000-I 2000 Notes is maintained in Book-Entry Form, an Existing Note Owner may sell, transfer or otherwise dispose of 2000-I 2000 Notes of such Series only pursuant to a Bid or Sell Order placed in an Auction or otherwise sell, transfer or dispose of 2000-I 2000 Notes through a Broker-Dealer, ; provided that, in the case of all transfers other than pursuant to Auctions, such Existing Note Owner Owner, its Broker-Dealer or its Participant advises the Auction Agent of such transfer transfer. Auctions shall be conducted on each Auction Date, if there is an Auction Agent on such Auction Date, in the following manner (such procedures to be applicable separately to each Series of the 2000-I 2000 Notes):

Appears in 1 contract

Samples: Fourth Terms Supplement (Emt Corp)

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