Common use of SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL Clause in Contracts

SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the Series of Notes entitled to receive payments of principal, the specific Notes of such Series that will receive payments of principal on each applicable Note Interest Payment Date will be selected no later than 15 days prior to the related Series Payment Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 1999, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Date at the address of the applicable Note Owner appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state (i) the applicable Series Payment Date, (ii) the amount of principal to be paid, and (iii) the specific Notes of such Series to be paid. The Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. on the date such notice is sent.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the Series of Notes entitled to receive payments of principal, the specific Notes of such Series that will receive payments of principal on each applicable Note Interest Payment Date will be selected no later than 15 days prior to the related Series Payment Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 1999-I Notes, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Date at the address of the applicable Note Owner appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state state: (i) the applicable Series Payment Date, ; (ii) the amount of principal to be paid, and (iii) the specific Notes of such Series to be paid. The Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. 11:00 a.m., on the date such notice is sent.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the Series of Notes entitled to receive payments of principal, the specific Notes of such Series that will receive payments of principal on each applicable Note Interest Payment Date will be selected no later than 15 days prior to the related Series Payment Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 19992000-I Notes, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Date at the address of the applicable Note Owner appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state (i) the applicable Series Payment Date, (ii) the amount of principal to be paid, paid and (iii) the specific Notes of such Series to be paid. The Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. 11:00 a.m., on the date such notice is sent.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the a Series of Notes entitled to receive payments of principal, the specific Notes of such Series that will receive payments of principal on each applicable Note Interest Payment Date will be selected no later than 15 days prior to the related Series Payment Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 1999Notes, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Date at the address of the applicable Note Owner appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state state: (i) the applicable Series Payment Date, ; (ii) the amount of principal to be paid, and (iii) the specific Notes of such Series to be paid. The Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. 11:00 a.m., on the date such notice is sent.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the Series Class of Notes entitled to receive payments of principal, principal the specific actual Notes of such Series Class that will receive payments of principal on each applicable Note Interest Payment Distribution Date will be selected no later than 15 days prior to the related Series Payment Note Distribution Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 1999Series 1997-1 Notes, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Indenture Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Distribution Date at the address of the applicable Note Owner Noteholder appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state state: (i) the applicable Series Payment Note Distribution Date, ; (ii) the amount of principal to be paid, and (iii) the specific Class of the Notes of such Series to be paid. The Indenture Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agent Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. 11:00 a.m., on the date such notice is sent.

Appears in 1 contract

Samples: Classnotes Inc

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SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the Series of Notes entitled to receive payments of principal, the specific Notes of such Series that will receive payments of principal on each applicable Note Interest Payment Date will be selected no later than 15 days prior to the related Series Payment Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 19992000 Notes, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Date at the address of the applicable Note Owner appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state state: (i) the applicable Series Payment Date, (ii) the amount of principal to be paid, and (iii) the specific Notes of such Series to be paid. The Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. 11:00 a.m., on the date such notice is sent.

Appears in 1 contract

Samples: Fourth Terms Supplement (Emt Corp)

SELECTION OF NOTES TO RECEIVE PAYMENTS OF PRINCIPAL. With respect to the Series of Notes entitled to receive payments of principal, the specific Notes of such Series that will receive payments of principal on each applicable Note Interest Payment Date will be selected no later than 15 days prior to the related Series Payment Date by the Securities Depository, pursuant to the Note Depository Agreement entered into with respect to the 19991998 Notes, Notes by lot in such manner as the Securities Depository in its discretion may determine and which may provide for the selection for payment of principal in minimum denominations of $50,000, and integral multiples in excess thereof. Notice of the specific Notes to receive payments of principal is to be given by the Trustee by first-class mail, postage prepaid, mailed not less than 15 days but no more than 30 days before the applicable Note Interest Payment Date at the address of the applicable Note Owner appearing on the registration books. Any defect in or failure to give such mailed notice shall not affect the validity of proceedings for the payment of any other Notes not affected by such failure or defect. All notices of payment are to state state: (i) the applicable Series Payment Date, ; (ii) the amount of principal to be paid, and (iii) the specific Notes of such Series to be paid. The Trustee shall notify in writing, substantially in the form of Exhibit D to the Auction Agency Agent Agreement, the Auction Agent when any notice of principal payment of Notes is sent to the Securities Depository not later than 11: 00 a.m. 11:00 a.m., on the date such notice is sent.

Appears in 1 contract

Samples: Trust Agreement (Emt Corp)

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