Micro Securities definition
Examples of Micro Securities in a sentence
The Trustee and the Security Holders of any class of Micro Securities (and any type of Commodity Securities if and to the extent that the amount payable on Redemption of such Commodity Securities is calculated by reference to (or they may be exchanged in accordance with Clause 9 of the Trust Instrument for) Micro Securities of that class) shall have recourse only to sums derived from the Secured Property relating to the relevant Pool.
Applications for Micro Securities will not be accepted unless CSL in its discretion determines to do so.
If an application for Micro Securities is accepted, the same procedures as apply to applications for Individual Securities under this Agreement will apply.
Any such Certificate shall be in the form or substantially in the form set out in Part C of the First Schedule (Form of Certificate for Micro Securities) to the Principal Trust Instrument or in such other form as the Trustee may approve.