Common use of Trust Pay Out Events Clause in Contracts

Trust Pay Out Events. Each of the following events (each, a "Trust Pay Out Event") shall constitute a Pay Out Event with respect to all Series of Certificates, immediately upon the occurrence of such event, and without any notice or other action on the part of Trustee or the Investor Holders:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First National Bank of Commerce), Pooling and Servicing Agreement (First National Bank of Commerce)

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Trust Pay Out Events. SECTION 9.1. Trust Pay Out Event. Each of the following events (each, a "Trust Pay Out Event") shall constitute a Pay Out Event with respect to all Series of Certificates, immediately upon the occurrence of such event, and without any notice or other action on the part of Trustee or the Investor Holders:

Appears in 1 contract

Samples: Mellon Bank Premium Finance Loan Master Trust

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Trust Pay Out Events. SECTION 9.1 Trust Pay Out Events. Each of the following events (each, a "Trust Pay Out Event") shall constitute a Pay Out Event with respect to all Series of Certificates, immediately upon the occurrence of such event, and without any notice or other action on the part of Trustee or the Investor Holders:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mellon Bank Premium Finance Master Trust)

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