Concentrated Underlying Security definition

Concentrated Underlying Security. Any Underlying Security that constitutes 10% or more of the Trust Property. Unless the Trust Agreement shall specify the method of determining whether an Underlying Security constitutes 10% or more of the Trust Property, such determination will be based upon the principal amount of the Underlying Securities.

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Concentrated Underlying Security. Any Underlying Security that on the Original Issue Date constitutes 10% or more of the total Underlying Securities held by the Trust with respect to a Series of Certificates.

Concentrated Underlying Security mean any Underlying Security that constitutes 10% or more of the assets in the Trust. Unless the Trust Agreement shall specify the method of determining whether an Underlying Security constitutes 10% or more of the assets in the Trust, such determination will be based upon the principal amount of the Underlying Securities.

Examples of Concentrated Underlying Security in a sentence

• With respect to any Concentrated Underlying Security, the Underlying Securities Schedule shall include information regarding the payment terms of the Concentrated Underlying Security, the maturity or terms thereof, the rating, if any, thereof and any other material information with respect thereto.

• With respect to any Concentrated Underlying Security, Schedule A to the applicable Series Supplement shall include information regarding the payment terms of the Concentrated Underlying Security, the Retained Interest, if any, with respect thereto, the maturity or terms thereof, the rating, if any, thereof and any other material information with respect thereto.

• With respect to any Concentrated Underlying Security, the Underlying Securities Schedule shall include information regarding the payment terms of the Concentrated Underlying Security, the maturity or terms thereof and any other material information with respect thereto.

More Definitions of Concentrated Underlying Security

Concentrated Underlying Security. Any Underlying Security that is issued by a “significant obligor” as defined in Item 1101(k) of Regulation AB.

Concentrated Underlying Security means any Underlying Security that represents ten percent (10%) or more of the total Deposited Assets.