Examples of Corporate HITS in a sentence
The Coupon Rate is payable on the stated liquidation amount of $1,000 per Corporate HITS, such rate being the rate of interest payable on the Notes to be held by the Property Trustee on behalf of the Trust.
Upon written instruction of the Sponsor, the Property Trustee will give holders of Preferred HITS and Corporate HITS, and will request that the Clearing Agency give to its participants holding Preferred HITS or Corporate HITS, notice of a Remarketing at least 21 days prior to the first day of the related Remarketing Period.
The Trust will make Distributions on the Corporate HITS only to the extent it has received payments from the Sponsor on the Corresponding Assets.
The Corporate HITS are transferable on the books and records of the Trust, in person or by a duly authorized attorney, upon surrender of this certificate duly endorsed and in proper form for transfer as provided in Section 5.4 of the Declaration (as defined below).
In addition, the Trustee shall provide to the holders of the Preferred HITS, Trust Common Securities and Corporate HITS notice of any Event of Default or event that, with the giving of notice or lapse of time, or both, would become an Event of Default with respect to the Notes within 30 days after the actual knowledge of a Responsible Officer of the Trustee of such Event of Default or other event.
If a Failed Remarketing occurs but on the Stock Purchase Date there is no Deferred Note Interest Amount outstanding, then promptly after the Stock Purchase Date the Trust shall redeem the Corporate HITS, in whole but not in part, in kind by exchanging for each Corporate HITS a Like Amount of Notes.
Any such redemption will be effected by Book-Entry Transfer of Notes in global form if the Notes then settle and clear through the Clearing Agency, and if the Notes do not then settle and clear through the Clearing Agency by delivery of definitive certificates evidencing the Notes to the Holders of Corporate HITS.
So long as any Notes are held by or on behalf of the Trust, the Trustee shall provide to the holders of the Preferred HITS, Trust Common Securities and Corporate HITS such notices as it shall from time to time provide under Section 5.08 of the Base Indenture.
If a Successful Remarketing occurs, then promptly after the Remarketing Settlement Date the Trust shall redeem the Corporate HITS, in whole but not in part, in kind by exchanging for each Corporate HITS a Like Amount of Notes.
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto (Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) (Please print or type name and address including Postal Zip Code of Assignee) the within Corporate HITS Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney , to transfer said Corporate HITS Certificates on the books of BAC Capital Trust XIV, with full power of substitution in the premises.