Stripped PCS definition

Stripped PCS means a beneficial interest in the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided for Stripped PCS in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.
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Stripped PCS has the meaning set forth in Recital A.
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Stripped PCS. Payable on each Regular Distribution Date on or prior to the Stock Purchase Date: • at the rate of .200% per annum, accruing for each Stripped PCS from the Regular Distribution Date immediately preceding its issuance; and • on a cumulative basis.
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Examples of Stripped PCS in a sentence

  • TRUST AGREEMENT Section 5.13(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital PCS and Stripped PCS may exchange them for Normal PCS and Qualifying Treasury Securities and Section 5.14(f) of the Trust Agreement provides for the procedures pursuant to which Holders of Capital PCS may elect to dispose of Capital PCS in the event a Remarketing is Successful.

  • Other functions and powers granted in accordance with the provisions of Company Act.

  • TRUST AGREEMENT For so long as Stock Purchase Contracts are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s exercise of its right to defer Contract Payments, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.9, notice of such exercise to the Holders of the Normal PCS and the Stripped PCS, unless such exercise shall have been revoked.

  • COLLATERAL AGREEMENT Section 5.13(b) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal PCS may exchange Normal PCS and Qualifying Treasury Securities for Stripped PCS and Capital PCS and Section 5.14(d) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal PCS may elect to exchange Normal PCS and Qualifying Treasury Securities for Stripped PCS and Capital PCS in the event a Remarketing is Successful.

  • Section 5.13(b) of the Trust Agreement provides for the procedures pursuant to which Holders of Normal PCS may exchange Normal PCS and Qualifying Treasury Securities for Stripped PCS and Capital PCS and Section 5.14(d) of the Trust Agreement provides for the procedures pursuant to which TRUST AGREEMENT Holders of Normal PCS may elect to exchange Normal PCS and Qualifying Treasury Securities for Stripped PCS and Capital PCS in the event a Remarketing is Successful.

  • For so long as shares of Preferred Stock are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s determination not to pay dividends on a TRUST AGREEMENT dividend payment date, the Property Trustee shall transmit, in the manner and to the extent provided in Section 12.9, notice of such decision to the Holders of the Normal PCS and Stripped PCS, unless such notice shall have been revoked.

  • For so long as shares of Preferred Stock are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s determination not to pay dividends on a dividend payment date, the Property Trustee shall transmit, in the manner and to the extent provided in Section 12.9, notice of such decision to the Holders of the Normal PCS and Stripped PCS, unless such notice shall have been revoked.

  • Dated: Signature NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Stripped PCS Certificates in every particular, without alteration or enlargement or any change whatsoever.

  • For so long as Stock Purchase Contracts are included within the Trust Property, within five Business Days after the receipt of notice of the Depositor’s exercise of its right to defer Contract Payments, the Property Trustee or the Administrative Trustees shall transmit, in the manner and to the extent provided in Section 12.9, notice of such exercise to the Holders of the Normal PCS and the Stripped PCS, unless such exercise shall have been revoked.


More Definitions of Stripped PCS

Stripped PCS has the meaning specified in the Trust Agreement.
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Related to Stripped PCS

  • Floor wax stripper means a product designed to remove natural or synthetic floor polishes or waxes through breakdown of the polish or wax polymers, or by dissolving or emulsifying the polish or wax. “Floor Wax Stripper” does not include aerosol floor wax strippers or products designed to remove floor wax solely through abrasion.

  • Residual disinfectant concentration means the concentration of disinfectant measured in mg/L in a representative sample of water.

  • Class A-S Component The Component having such designation.

  • Class C Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class C Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Class D Par Value Test means the test which will be satisfied as of any Measurement Date if, on such Measurement Date, the Class D Par Value Ratio is at least equal to the percentage specified in the definition of "Coverage Test".

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Class C Component The Component having such designation.

  • Disposable income means that part of the income due and payable of any individual remaining

  • Class P Fraction Any Class I-P, Class II-P or Class III-P Fraction, as applicable.

  • Class A-4 Component The Component having such designation.

  • Class B-6 Certificates The Certificates designated as “Class B-6” on the face thereof in substantially the form attached hereto as Exhibit A.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Net WAC Rate With respect to any Distribution Date (and the related Accrual Period), a per annum rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Class X-1 Strip Rate With respect to any Distribution Date, the amount, if any, by which (i) the Weighted Average Net Mortgage Rate for such Distribution Date exceeds (ii) the sum of the Class LA-1-2-A Component Class X-2 Strip Rate and the Class A-1 Pass-Through Rate for such Distribution Date.

  • Class A-4 Final Distribution Date means the July 15, 2020 Distribution Date.

  • Net WAC Rate Carryover Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Class B Component The Component having such designation.

  • Loop Concentrator/Multiplexer or "LCM" is the Network Element that does one or more of the following: aggregates lower bit rate or bandwidth signals to higher bit rate or bandwidth signals (multiplexing); disaggregates higher bit rate or bandwidth signals to lower bit rate or bandwidth signals (demultiplexing); aggregates a specified number of signals or channels to fewer channels (concentrating); performs signal conversion, including encoding of signals (e.g., analog to digital and digital to analog signal conversion); or in some instances performs electrical to optical (E/O) conversion. LCM includes DLC, and D4 channel banks and may be located in Remote Terminals or Central Offices.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Certificate Distribution Amount means, as of any Payment Date, the amount being distributed to the Trust Certificateholders on such Payment Date.