The Instrument. At any time on or after the Closing Date, the Depositor shall have the right to deposit into the Trust Fund, solely for the benefit of the Holder of the Class C Certificates, a derivative contract or comparable instrument. Any such instrument shall constitute a fully prepaid agreement. All collections, proceeds and other amounts in respect of such an instrument shall be distributed to the Class C Certificates on the Distribution Date following receipt thereof by the Trustee. In no event shall such an instrument constitute a part of any REMIC created hereunder. In addition, in the event any such instrument is deposited, the Trust Fund shall be deemed to be divided into two separate and discrete sub-Trusts. The assets of one such sub-Trust shall consist of all the assets of the Trust other than the instrument and the assets of the other sub-Trust shall consist solely of such instrument.
The Instrument. At any time on or after the Closing Date, the Depositor shall have the right to cause the Issuer to enter into, solely for the benefit of the Holder of the Trust Certificate, a derivative contract or comparable instrument (the “Instrument”). Any such Instrument shall constitute a fully prepaid agreement. All collections, proceeds and other amounts in respect of such an Instrument shall be distributed to the Trust Certificate through the Certificate Account on the Payment Date following receipt thereof by the Issuer.
The Instrument. The instrument is in two parts. One part (made up of 4 Performance Standards) is for lesson observation and the other part (made up of 8 Performance Standards) is related to aspects for evaluation that fall outside of the classroom.
The Instrument. Section 2.1 The parties to this Agreement agree to be bound by all the provisions of the Instrument attached hereto as Exhibit D and incorporated into this Participation Agreement by this reference.
The Instrument. The Parties agree to be also bound by the terms and conditions of the Instrument. The Instrument shall be an integral part of this Agreement.
The Instrument. The instrument is in two parts. One part (made up of 4 performance standards) is for observation of therapists in practice and the other part (made up of 8 performance standards) is related to aspects for evaluation that fall outside of the therapy room.
The Instrument. At any time on or after the Closing Date, Financial Asset Securitization, Inc., as Initial Holder of the Residual Interest Certificate, shall have the right to deposit into the Trust Estate, solely for the benefit of the Certificateholders representing the sole equity interest in the Trust, a derivative contract or comparable instrument. Any such instrument shall constitute a fully prepaid agreement. All collections, proceeds and other amounts in respect of such an instrument shall be distributed to the Holder of the Residual Interest Certificate on the Payment Date following receipt thereof by the Indenture Trustee. In no event shall such an instrument constitute a part of any Class of Notes created hereunder.
