Examples of Trust Pay Out Event in a sentence
Unless either (a) the interest rate swap terminates or an Interest Reserve Account Event occurs, or (b) a Trust Pay Out Event occurs, in each case, prior to the scheduled payment date, the Rapid Accumulation Period will end on the scheduled payment date.
To the knowledge of the undersigned, no Series 1994-B Pay Out event or Trust Pay Out Event has occurred except as described below: None IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 8th day of January, 1997.
The Transferor shall immediately give notice to the Receivables Trustee of the occurrence of any Trust Pay Out Event or Investor Pay Out Event, specifying where applicable that such event is also an Insolvency Event.
In the case of any event described in clause (a), (b), (c) or (f) above, a Trust Pay Out Event with respect to all Series then outstanding, will be deemed to have occurred without any notice or other action on the part of the Trustee, any Agent, the Certificateholders or any other Beneficiary, immediately upon the occurrence of such event.
To the knowledge of the undersigned, no Series 1994-B Pay Out event or Trust Pay Out Event has occurred except as described below: None IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 7th day of May, 1997.