Pooled Security Distribution Date definition
Examples of Pooled Security Distribution Date in a sentence
The Assumed Final Distribution Date is approximately one month after the Pooled Security Distribution Date on which the final scheduled distribution on the last to mature of the Pooled Securities is scheduled to be made.
All calculations of the amounts to be distributed on any Distribution Date will be made by the Paying Agent and/or the Certificate Administrator and/or the Trustee, as applicable, in reliance on the information provided to the applicable party in the applicable Pooled Security Distribution Date Information and any additional written information requested by the Paying Agent and/or the Certificate Administrator and/or the Trustee, as applicable, with respect to the Pooled Securities.
The Trustee shall sign all tax information returns filed pursuant to this Section and any other returns as may be required by the Code, and in doing so shall rely entirely upon, and shall have no liability for information or calculations contained in the Pooled Security Distribution Date Statements.
The Trustee's responsibility for reporting the above information is limited to the availability, timeliness, and accuracy of the information set forth in the related Pooled Security Distribution Date Statements and any additional written information requested by the Trustee with respect to the Pooled Securities.
If the information available to the Trustee in any Pooled Security Distribution Date Information is insufficient to make the calculations provided for in this Section 3.5, the Trustee shall promptly request the underlying trustee with respect to the Pooled Securities to provide sufficient information in writing, and after receipt of such information the Trustee shall make on the following Distribution Date any necessary adjustments in the application of amounts in the Certificate Account.
Notwithstanding the foregoing, the Trustee shall use reasonable efforts to procure Pooled Security Distribution Date Information in a timely manner to permit distributions to be made on Distribution Dates.
The Trustee may fulfill its obligations hereunder with respect to the distribution of the Pooled Security Distribution Date Statements by mailing the same together with the statements to Certificateholders required pursuant to the first paragraph of this Section 3.06.
The Trustee makes no representations or warranties as to the validity or sufficiency of this Agreement or of the Certificates or of any Pooled Security, Pooled Security Distribution Date Statement or related document.
The Trustee shall furnish copies of all Pooled Security Distribution Date Statements to the Rating Agencies promptly after its receipt of same.
In the event of any discrepancy between any distribution on a Pooled Security and the related Pooled Security Distribution Date Information, the Trustee shall communicate with the underlying trustee of the related Underlying Series to resolve such discrepancy, and if such discrepancy is not resolved prior to the next succeeding Pooled Security Distribution Date (for any Pooled Security so affected by such a discrepancy), the Trustee shall notify each Rating Agency and the Pricing Service.