First Settlement Date definition

First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

First Settlement Date means the third Business Day following the Initial Date of Deposit.

First Settlement Date is the date set forth in the "Summary of Essential Information" in the Prospectus.

Examples of First Settlement Date in a sentence

• The Depositor shall deliver to the Trustee any cash identified in the Statement of Financial Condition of the Trust included in the Prospectus not later than the First Settlement Date and the Depositor's obligation to make such delivery shall be secured by the Letter of Credit deposited pursuant to Section 2.01.

• The Trustee shall also advance from its own funds and pay the appropriate persons the Trustee Advance, which amount represents interest which accrues on any "when, as and if issued" Bonds deposited in a Trust from the First Settlement Date to the respective dates of delivery to the Trust of any of such Bonds.

• The Trustee, as of the First Settlement Date, shall advance from its own funds and shall pay to the Unitholders of each Trust then of record the amount of interest accrued on the Bonds deposited in such Trust.

• The Depositor shall deliver to the Trustee any cash identified in the Statement of Financial Condition of the Trust included in the Prospectus not later than the First Settlement Date and the Depositor’s obligation to make such delivery shall be secured by the Letter of Credit deposited pursuant to Section 2.01.

• For each Trust the "First Settlement Date" is the date set forth under "Summary of Essential Information-First Settlement Date" for such Trust in the Prospectus.

More Definitions of First Settlement Date

First Settlement Date means , 2000.

First Settlement Date means the second Business Day following the Initial Date of Deposit.

First Settlement Date means , 1997.

First Settlement Date means , 1998.

First Settlement Date means , 2002.

First Settlement Date means , 2003.

First Settlement Date means , 2001.