Common use of The FTPS Clause in Contracts

The FTPS. Unit Servicing Agent shall distribute to redeeming FTPS Unit holders of record on its books redemption proceeds it receives pursuant to Section 5.02 of the Standard Terms and Conditions of Trust from the Trustee as the sole record owner of FTPS Units on the Trustee's books.

Appears in 1327 contracts

Samples: 2346 Trust Agreement (Ft 2346), Trust Agreement (Ft 3323), Trust Agreement (Ft 3435)

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