Examples of Depositable Certificates in a sentence
Among the Depositable and Exchangeable Certificates, the beneficial interest of the uncertificated Master REMIC Interests shall be represented by the related Depositable Certificates until such Depositable Certificates have been exchanged for Exchangeable Certificates, at which time, such Exchangeable Certificates shall represent those uncertificated Master REMIC Interests.
On each Distribution Date, the Trustee, as holder of any surrendered Depositable Certificates, shall deposit in the Exchangeable Certificates Distribution Account any amounts distributable to the surrendered Depositable Certificates pursuant to Section 4.02.
For the avoidance of doubt, if on any Distribution Date no Classes of Depositable Certificates have been surrendered or if all Classes of Exchangeable Certificates have been exchanged for Depositable Certificates according to Section 5.07(e), then no amounts will be deposited in the Exchangeable Certificates Deposit Account on such Distribution Date.
The Permittee shall maintain records of the results of the inspections required in Part 6, including any deficiencies found and documentation of any actions taken to correct deficiencies found during the inspections, including the date that the deficiency was discovered and the date when corrective measures were completed.
We agree that upon such exchange the portions of the Exchangeable Certificates designated for exchange shall be deemed cancelled and replaced by the Depositable Certificates issued in exchange therefor.
HOTEL SUPPLIER RAMPARTS, INC., a LAS VEGAS RESERVATIONS SYSTEMS Nevada Corporation 0000 Xxxx Xxxxxx Xxx.
In addition, at the request of the Holder of a Class or Classes of Exchangeable Certificates, and upon the surrender of such Exchangeable Certificates, the Securities Administrator, on behalf of the Trustee, shall exchange such Exchangeable Certificates for another Class or Classes of Exchangeable Certificates or the related surrendered Depositable Certificates, as set forth in Schedule C.
Such exchange will be completed by the Trustee upon the receipt by the Trustee of the Exchange Fee and the beneficial interest in the Depositable Certificates or the Exchangeable Certificates, as applicable.
On each Distribution Date, the Securities Administrator, on behalf of the Trustee, as holder of any surrendered Depositable Certificates, shall deposit in the Exchangeable Certificates Distribution Account any amounts distributable to the surrendered Depositable Certificates pursuant to Section 5.02.
Amounts related to interest distributed to the surrendered Depositable Certificates shall be distributed as interest to the related Class or Classes of Exchangeable Certificates pursuant to Section 4.02(a)(ii).