Examples of Prior Certificates in a sentence
All such reinvestments shall be scheduled to mature on or prior to the next succeeding interest payment date on the Prior Certificates on which such proceeds will be needed to pay the principal of or interest on the Prior Certificates.
The Trustee shall hold the Government Obligations and all interest, income and profit derived therefrom and all uninvested cash in a segregated and separate trust fund account for the sole and exclusive benefit of the holders and registered owners of the Prior Certificates.
An opinion of a firm of nationally recognized independent certified public accountants that the amounts, which must consist of funds or receipts from direct full faith and credit obligations of the United States of America, not subject to redemption prior to maturity, all of which shall be held hereunder, available or to be available for payment of the Prior Certificates will remain sufficient after the Subsequent Action to pay when due all interest on and principal of the Prior Certificates.
Pursuant to Section 13.01 of the Indenture, the Prior Certificates are hereby refunded and defeased from the date hereof by the deposit with the Trustee of moneys sufficient to purchase the Government Obligations described in 2.02 hereof, which Government Obligations (together with the beginning deposit of funds as described herein) will provide all moneys necessary to pay when due all principal of and interest on the Prior Certificates.
Prior Certificates shall represent only the right to receive New Certificates.