Residual Instruments definition

Residual Instruments. The instruments evidencing the right to the amount remaining, if any, after all prior distributions have been made under this Agreement, the Indenture and the Trust Agreement on each Distribution Date and certain other rights to receive amounts hereunder and under the Trust Agreement.
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Residual Instruments means instruments that are in force immediately before the repeal day:
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Examples of Residual Instruments in a sentence

  • On each Distribution Date, the Owner Trustee or the Co-Owner Trustee shall distribute all amounts on deposit in the Certificate Distribution Account to the Certificateholders and the holders of the Residual Instruments, as specified and in accordance with the amounts calculated pursuant to the foregoing sections of Section 5.01.

  • Notice of termination of this Agreement or of early redemption and termination of the Securities shall be sent (i) by the Indenture Trustee to the Noteholders in accordance with Section 2.6(b) of the Indenture and (ii) by the Owner Trustee or Co-Owner Trustee to the Certificateholders and holders of Residual Instruments in accordance with Section 9.1(d) of the Trust Agreement.

  • Should a student request to take the examination at another location than at the University's registered examination locations, he must make a special application for this to the examination coordinator no later than two weeks before the examination week.

  • Net income of the Trust for any month, as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), shall be allocated to the holders of the Residual Instruments, on a pro rata basis.

  • The Residual Instruments shall not be issued with a principal or notional amount.

  • All interest and any other investment earnings on amounts held in any Trust Account shall be taxed to the holders of the Residual Instruments.

  • This Residual Instrument is one of the Residual Instruments referred to in the Trust Agreement and is issued under and is subject to the terms, provisions and conditions of the Trust Agreement to which the holder of this Residual Instrument by virtue of the acceptance hereof agrees and by which the holder hereof is bound.