Examples of Normal PCS in a sentence
The Normal PCS are transferable on the books and records of the Issuer Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer as provided in Section 5.4 of the Trust Agreement (as defined below).
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto the within Normal PCS Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney __________________, to transfer said Normal PCS Certificates on the books of Mellon Capital IV, with full power of substitution in the premises.
Each Normal PCS represents a beneficial interest in Mellon Capital IV (the “Issuer Trust”), having a Liquidation Amount of $1,000.
For so long as Notes are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s exercise of its right to defer the payment of interest on the Notes pursuant to the Indenture, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.9, notice of such exercise to the Holders of the Normal PCS and the Capital PCS, unless by like notice such exercise shall have been revoked.
TRUST AGREEMENT Section 5.13(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital PCS and Stripped PCS may exchange them for Normal PCS and Qualifying Treasury Securities and Section 5.14(f) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital PCS may elect to dispose of Capital PCS in the event a Remarketing is Successful.
The signature to this assignment must correspond with the name as it appears upon the face of the within Normal PCS Certificates in every particular, without alteration or enlargement or any change whatsoever.
For all purposes of this Trust Agreement, unless the context otherwise requires, all provisions relating to the redemption of Normal PCS shall relate, in the case of any Normal PCS redeemed or to be redeemed only in part, to the portion of the aggregate Liquidation Amount of Normal PCS that has been or is to be redeemed.
Upon written instruction of the Depositor (accompanied by a notice prepared in accordance with the requirements of this Section 5.18), the Property Trustee will give holders of Normal PCS and Capital PCS, and will request that the Clearing Agency give to its participants holding Normal PCS or Capital PCS, notice of a Remarketing at least 21 days prior to the first day of the related Remarketing Period.
In addition, the Series Trustee shall provide to the holders of the Normal PCS, Trust Common Securities and Capital PCS notice of any Event of Default or event that, with the giving of notice or lapse of time, or both, would become an Event of Default with respect to the Notes within 30 days after the actual knowledge of a Responsible Officer of the Series Trustee of such Event of Default or other event.
All deposits, deliveries or transfers by a Holder pursuant to this Section 5.13 of Normal PCS, Capital PCS and treasury securities (including Qualifying Treasury Securities) shall be made by Book-Entry Transfer unless the recipient of such deposit, delivery or transfer expressly agrees otherwise in writing.