Distribution Request definition
Examples of Distribution Request in a sentence
Upon the transfer of beneficial ownership of any Designated Retail Certificate, any Principal Distribution Request previously submitted with respect to such Certificate will be deemed to have been withdrawn only upon the receipt by the Trustee of notification of such withdrawal using a form required by the Depository.
On the earlier to occur of the Cross-Over Date and the next Distribution Date after the Distribution Date on which the principal portion of any Realized Loss is allocated to any Class of Designated Retail Certificates, and on each subsequent Distribution Date, the Trustee shall not, and the Depository is not authorized to, make distributions or payments in respect of any Class of Designated Retail Certificates in accordance with any Principal Distribution Request or by Random Lot.
Upon the transfer of beneficial ownership of any Insured Retail Certificate, any Principal Distribution Request previously submitted with respect to such Certificate will be deemed to have been withdrawn only upon the receipt by the Trustee of notification of such withdrawal using a form required by the Depository.
In order for a Retail Principal Distribution Request, or a withdrawal of such request, to be honored with respect to a Distribution Date, it must be received by the Depository and forwarded to the Paying Agent, in the case of a Retail Principal Distribution Request, or received by the Depository participant and forwarded to the Paying Agent, in the case of a withdrawal of such request, by the related Record Date, in accordance with the procedures described above.
On the Cross-Over Date and on each subsequent Distribution Date, the Trustee shall not, and the Depository is not authorized to, make distributions or payments in respect of any Class of Designated Retail Certificates in accordance with any Principal Distribution Request or by Random Lot.