TDF s Consultant" shall mean Merritt & Harris, Inc., or such other Person or architectural or engineering consultant as may be designated and engaged by TDF, at the Company's expense, to examine the Budget and the Plans, any changes thereto, and cost breakdowns and estimates with respect to the Project (including, without limitation, all cost breakdowns and estimates set forth in any Request for Disbursement and all accompanying certifications), to make periodic inspections of the progress of the Construction of the Improvements on behalf of TDF, to advise and render reports to TDF concerning the foregoing and to otherwise consult with TDF with respect to the Project.
Interest and principal services are paid periodically to the TDF holders throughout the life of the security.
During the revolving period no payments are made to TDF and CP holders.
Once the revolving period ends, a period of liquidation occurs during which: (i) no further assets are purchased, (ii) all cash collections are used to fulfill the TDF service requirements and (iii) the remaining proceeds are used to fulfill the CPs service requirements.
Collection of information on TDF 90- 22.39, ''Declaration, Travel to Cuba,'' has been approved by the Office of Management and Budget (''OMB'') under the Paperwork Reduction Act (44 U.S.C. 3507(j)) and assigned control number 1505-0118.
Under the securitization programs, Trusts may issue two types of certificates representing undivided interests in the Trusts - Titulos de Deuda Fiduciaria ("TDF") and Certificados de Participacion ("CP"), which represent debt, and equity certificates, respectively.