Certificate Payment Date definition
Examples of Certificate Payment Date in a sentence
Upon presentation and surrender of the Certificates, the Paying Agent shall cause to be distributed to Certificateholders amounts distributable on such Certificate Payment Date pursuant to Section 5.2.
Upon presentation and surrender of the Certificates, the Paying Agent shall cause to be distributed to Certificateholders amounts distributable on such Certificate Payment Date pursuant to Section 5.
Interest shall accrue on this Certificate at the applicable Certificate Rate (as set forth on the reverse hereof) on the Certificate Balance represented by this Certificate (without reduction for any unreimbursed Trust Charge-Offs), and interest accrued hereon as of any Certificate Payment Date but not distributed on such Certificate Payment Date shall be due on the next Certificate Payment Date.
The "Record Date," with respect to any Certificate Payment Date, means the last day of the preceding Collection Period.
Unless otherwise permitted or required by any applicable law or regulation, the Owner Trustee shall allocate amounts of taxable income of the Trust for a particular Collection Period among the Certificateholders in proportion to the Certificate Balance owned by them as of the Record Date for the related Certificate Payment Date.