Common use of Temporary Certificates Clause in Contracts

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Office, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, shall execute, authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented thereby, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 63 contracts

Samples: Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSG 1), Trust Agreement (Merrill Lynch Depositor Inc), Series Supplement (Merrill Lynch Dep Inc Public Steers Trust Cert Ser 1998 F-Z4)

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Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.04 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; provided, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided, further, that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified pursuant to Section 5.01, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to the Trustee's principal office in London or to an authorized agent at such other place outside the United States specified pursuant to Section 5.01. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 9 contracts

Samples: Callable Treasury Strip Trust Certificates Series Supplement (Lehman Abs Corp), Callable Treasury Strip Trust Certificates Series Supplement (Lehman Abs Corp), Series Supplement Corporate Bond Backed Certificates (Lehman Abs Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 6 contracts

Samples: Base Trust Agreement (Structured Products Corp), Trust Agreement (Structured Products Corp), Base Trust Agreement (Structured Products Corp)

Temporary Certificates. Pending the preparation of ---------------------- Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), and the Trustee shall execute and, upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust OfficeDelivery Office of the Trustee, without charge to the Holder, except as provided in Section 5.04 in connection with a transfer. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, Trustee shall execute, authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 4 contracts

Samples: Series Supplement (Elmwood Funding LTD), Series Supplement (Elmwood Funding LTD), Series Supplement (Elmwood Funding LTD)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Trustor may execute, and upon receipt of a Depositor Trustor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Trustor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Trustor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Trustor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustor shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 3 contracts

Samples: Base Trust Agreement (Synthetic Fixed Income Securities Inc), Base Trust Agreement (Synthetic Fixed Income Securities Inc), Base Trust Agreement (STRATS(SM) Trust for Procter & Gamble Securities, Series 2006-1)

Temporary Certificates. Pending the preparation ---------------------- of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.04 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; provided, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided, further, that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable Series Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified in the related Series Supplement, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to the Trustee's principal office in London or to an authorized agent at such other place outside the United States specified in the related Series Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 3 contracts

Samples: Series Supplement Corporate Bond Backed Certificates (Lehman Abs Corp), Series Supplement (Lehman Abs Corp), Series Supplement (Lehman Abs Corp)

Temporary Certificates. Pending the preparation of Definitive ---------------------- definitive Certificates or permanent Global Securities of any Series or Class, the Certificate Trustee on behalf of the Trust may execute, and the Certificate Trustee upon written order shall authenticate (as Authentication Agent) and deliver, temporary Certificates of such Series or Class within each such Series), and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed typewritten or otherwise produced, in any Authorized Denominationdenomination, containing substantially of the tenor of the Definitive Certificates or permanent Global Securities same terms and provisions as set forth in lieu of which they are issuedExhibit A, in registered form and with except for such appropriate insertions, omissions, substitutions and other variations relating to their temporary nature as the Trust may be authorized determine, as evidenced by such Depositor Order. Any officer's execution on behalf of the Trust of such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificates or permanent Global Securities in lieu of which is issuedCertificates. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Trust will cause Definitive definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust OfficeOffice of the Certificate Trustee, or at the office or agency of the Certificate Trustee maintained in accordance with Section 6.11, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesCertificates, the Certificate Trustee, upon receipt on behalf of a Depositor Orderthe Trust, shall execute, and the Certificate Trustee shall authenticate and deliver in exchange therefor Definitive definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, (of the same Series (or Class within such Seriesas the temporary Certificates surrendered) of Authorized Denomination and authorized denominations of a like tenoraggregate Original Principal Amount. Until so exchanged, such temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive definitive Certificates or permanent Global Securities of such the same Series or Class, except as otherwise specified in the applicable Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented thereby, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 3 contracts

Samples: Trust Agreement (Pg&e Funding LLC), Declaration and Agreement of Trust (Sdg&e Funding LLC a De Limited Liability Co), Trust Agreement (Sce Funding LLC)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustee shall execute, authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Stated Amount, Notional Amount or Notional Face Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Stated Amount, Notional Amount or Notional Face Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Stated Amount, Notional Amount or Notional Face Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Trust Agreement (Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1), Trust Agreement (Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Trustee may execute, authenticate and deliver upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustee shall execute, authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Supplement (Prudential Securities Structured Assets Inc), Base Trust Agreement (Prudential Securities Structured Assets Inc)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; PROVIDED, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided further that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified pursuant to Section 5.1, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to an authorized agent of the Trust at such other place outside the United States specified pursuant to Section 5.1. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Series Supplement (Structured Products Corp), Base Trust Agreement (Structured Products Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.04 in connection with a transfer, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Balance, Notional Amount or Amortizing Notional AmountBalance, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Balance, Notional Amount or Amortizing Notional AmountBalance, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Balance, Notional Amount or Amortizing Notional AmountBalance, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Trust Agreement (Select Asset Inc), Trust Agreement (Select Asset Inc)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon Certificateholder, except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Amount or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement these Standard Terms as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Amount or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Amount or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Trust Agreement (Hexagon ABS Corp.), Trust Agreement (CSFB Asset Repackaging Depositor LLC)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.04 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; provided, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided, further, that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable Series Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified in the related Series Supplement, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to the Trustee's principal office in London or to an authorized agent at such other place outside the United States specified in the related Series Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Trust Agreement (Bond Products Depositor LLC), Trust Agreement (Select Asset Inc)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Trustee may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Trustee and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustee shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 2 contracts

Samples: Base Trust Agreement (Structured Products Corp), Base Trust Agreement (Structured Products Corp)

Temporary Certificates. Pending the preparation ---------------------- of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust OfficeDelivery Office of the Trustee, without charge to the Holder, except as provided in Section 5.04 in connection with a transfer. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, Trustee shall execute, authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Elmwood Funding LTD)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), and upon receipt of a Depositor Trustor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Trustor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Trustor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustee shall execute, authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Base Trust Agreement (Synthetic Fixed Income Securities Inc)

Temporary Certificates. Pending the preparation of Definitive (a) Until definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), and upon receipt of a Depositor Orderare ready for delivery, the Trust may prepare and, in the case of the Capital Securities, the Property Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor OrderCertificates. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Temporary Certificate shall be executedsubstantially in the form of definitive Certificates but may have variations that the Trust considers appropriate for temporary Certificates. Without unreasonable delay, authenticated the Trust shall prepare and, in the case of the Capital Securities, the Property Trustee shall authenticate definitive Certificates in exchange for temporary Certificates. (b) A Global Capital Security deposited with the Depositary or with the Property Trustee as custodian for the Depositary pursuant to Section 7.3 shall be transferred to the beneficial owners thereof in the form of certificated Capital Securities only if such transfer complies with Section 9.2 and delivered (i) the Depositary notifies the Sponsor that it is unwilling or unable to continue as Depositary for such Global Capital Security or if at any time such Depositary ceases to be a "clearing agency" registered under the Exchange Act and a successor depositary is not appointed by the Sponsor within 90 days of such notice, (ii) an Event of Default has occurred and is continuing, or (iii) any of the events set forth in Section 7.3(d) occurs and is continuing. (c) Any Global Capital Security that is transferable to the beneficial owners thereof in the form of certificated Capital Securities pursuant to this Section 7.9 shall be surrendered by the Depositary to the Property Trustee upon the same conditions and to be so transferred, in substantially the same mannerwhole or from time to time in part, without charge, and with the same effectProperty Trustee shall authenticate and deliver, upon such transfer of each portion of such Global Capital Security, an equal aggregate liquidation amount of Securities of authorized denominations in the form of certificated Securities. Any portion of a Global Capital Security transferred pursuant to this Section shall be registered in such names as the Definitive Certificates or permanent Global Depositary shall direct. Any Capital Security in the form of certificated Capital Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Office, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, shall execute, authenticate and deliver delivered in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of for an interest in the same Series (or Class within such Series) of Authorized Denomination and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or ClassRestricted Capital Security shall, except as otherwise provided by Section 7.3 and 9.1, bear the Restricted Securities Legend set forth in Exhibit C hereto. (d) Subject to the provisions of Sections 7.9(c) and 12.2(b)(ii), the registered holder of a Global Capital Security may grant proxies and otherwise authorize any person, including Participants and persons that may hold interests through Participants, to take any action which a holder is entitled to take under this Declaration or the Securities. (e) In the event of the occurrence of any of the events specified in the applicable Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebySection 7.9(b), the temporary Global Security shall be endorsed by Trust will promptly make available to the Property Trustee to reflect the reduction a reasonable supply of the aggregate Certificate Principal Balance or Notional Amountcertificated Securities in definitive, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsedfully registered form without interest coupons.

Appears in 1 contract

Samples: Declaration of Trust (Zenith National Insurance Corp)

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Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustee shall execute, authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Base Trust Agreement (Structured Obligations Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.04 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; provided, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided further that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified pursuant to Section 5.01, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to the Trustee's principal office in London or to an authorized agent at such other place outside the United States specified pursuant to Section 5.01. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Structured Products Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Trustee may execute, and upon receipt of a Depositor Trustor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Trustor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Trustee and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Trustor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, Trustee shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Base Trust Agreement (Structured Products Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Office, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, shall execute, and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented thereby, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Merrill Lynch Depositor Inc)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder, except as provided in Section 5.04 in connection with a transfer. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Southpoint Structured Assets Inc)

Temporary Certificates. Pending the preparation ---------------------- of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.04 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; provided, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided, further, that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable Series Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified in the related Series Supplement, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to the Trustee's principal office in London or to an authorized agent at such other place outside the United States specified in the related Series Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Series Supplement Bond Backed Certificates (Lehman Abs Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After delay and (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, Series the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance Stated Amount or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Fixed Income Client Solutions LLC)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder, except as provided in Section 5.04 in connection with a transfer. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustees shall authenticate and deliver in exchange therefor therefore Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to -31- this Section 5.03 or Section 5.04, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Southpoint Structured Assets Inc)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denominationauthorized denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificate or Definitive Certificates or permanent Global Securities in lieu of which it is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee Depositor will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After Except as otherwise specified in the applicable Series Supplement with respect to a Series (or Class within such Series) of Certificates issuable as Bearer Certificates or as one or more Global Securities representing individual Bearer Certificates of such Series or Class, (a) after the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Officeoffice of the Trustee in a Place of Distribution for such Series or Class, without charge to the Holder. Upon , except as provided in Section 5.4 in connection with a transfer and except that a Person receiving definitive Bearer Certificates shall bear the cost of insurance, postage, transportation and the like unless otherwise specified in the applicable Series Supplement, and (b) upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such SeriesSeries (accompanied by any unmatured Coupons appertaining thereto), the Trustee, upon receipt of a Depositor Order, shall execute, execute and the Trustee shall authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination authorized denominations and of like tenor; provided, however, that no definitive Bearer Certificate shall be delivered in exchange for a temporary Registered Certificate; and provided further that delivery of a Global Security representing individual Bearer Certificates or a Bearer Certificate shall occur only outside the United States. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable SupplementSeries Supplement with respect to the payment of interest on Global Securities in temporary form. Unless otherwise specified pursuant to Section 5.1, the Depositor will execute and deliver individual Bearer Certificates in exchange for beneficial interests in the definitive Global Security and each Bearer Certificate to the Trustee's principal office in London or to an authorized agent at such other place outside the United States specified pursuant to Section 5.1. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented therebythereby pursuant to this Section 5.3 or Section 5.4, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Structured Products Corp)

Temporary Certificates. Pending the preparation of Definitive Certificates or permanent Global Securities of any Series (or Class within each such Series), the Depositor may execute, and upon receipt of a Depositor Order, the Trustee shall execute, authenticate and deliver temporary Certificates which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any Authorized Denomination, substantially of the tenor of the Definitive Certificates or permanent Global Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as may be authorized by such Depositor Order. Any such temporary Certificate may be in global form, representing all or a portion of the Outstanding Certificates of such Series or Class. Every such temporary Certificate shall be executed, executed by the Depositor and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the Definitive Certificates or permanent Global Securities in lieu of which is issued. If temporary Certificates of any Series (or Class within such Series) are issued, the Trustee will cause Definitive Certificates or Global Securities of such Series or Class to be prepared without unreasonable delay. After the preparation of Definitive Certificates of such Series or Class, the temporary Certificates of such Series or Class shall be exchangeable for Definitive Certificates or permanent Global Securities of such Series or Class upon surrender of the temporary Certificates of such Series or Class at the Corporate Trust Office, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates of any Series or Class within such Series, the Depositor shall execute, and the Trustee, upon receipt of a Depositor Order, shall execute, authenticate and deliver in exchange therefor Definitive Certificates or permanent Global Securities with a like Certificate Principal Balance or Notional Amount, as applicable, of the same Series (or Class within such Series) of Authorized Denomination and of like tenor. Until so exchanged, temporary Certificates of any Series (or Class within such Series) shall in all respects be entitled to the same benefits under this Trust Agreement as Definitive Certificates or permanent Global Securities of such Series or Class, except as otherwise specified in the applicable Supplement. Upon any exchange of a portion of a temporary Global Security for a permanent definitive Global Security or for the individual Definitive Certificates represented thereby, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the aggregate Certificate Principal Balance or Notional Amount, as applicable, evidenced thereby, whereupon the aggregate Certificate Principal Balance or Notional Amount, as applicable, of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

Appears in 1 contract

Samples: Trust Agreement (Merrill Lynch Depositor Inc)

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