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Common use of The FTPS Unit Clause in Contracts

The FTPS Unit. Servicing Agent shall distribute to redeeming FTPS Unit holders of record on its books redemption proceeds it receives pursuant to Section 5.02 of the Standard Terms and Conditions of Trust from the Trustee as the sole record owner of FTPS Units on the Trustee's books.

Appears in 584 contracts

Samples: Trust Agreement (Ft 2199), Trust Agreement (Ft 2105), Trust Agreement (Ft 1910)

The FTPS Unit. Servicing Agent shall distribute to redeeming FTPS Unit holders of record on its books redemption proceeds it receives pursuant to Section 5.02 of the Standard Terms and Conditions of Trust from the Trustee as the sole record owner of FTPS Units on the Trustee's Trustees books.

Appears in 273 contracts

Samples: Trust Agreement (Ft 1565), Trust Agreement (Ft 1479), Trust Agreement (Ft 1670)