TRS Certificates definition
Examples of TRS Certificates in a sentence
Distributions on the TRS Certificates will be made, to the extent of available funds in the TRS Sub-Trust, on the 2nd day of each month or, if any such day is not a Business Day, then the next succeeding Business Day (each, a “Payment Date”), commencing in September, 2004.
Except to the extent of their execution and authentication, respectively, of the TRS Certificates, the Owner Trustee and the Certificate Registrar make no representation or warranty as to any of the statements contained herein or the validity or sufficiency of this Certificate.
The Owner Trustee shall provide to the Certificateholders of the TRS Certificates access to all the reports, documents and records of the TRS Sub-Trust maintained by the Owner Trustee in respect of its duties hereunder.
Payments to the Holders of the TRS Certificates on each Payment Date will be made to the Certificateholders of record on the related Record Date.
Upon the retirement of all of the Notes, the Holders of the TRS Certificates will receive all further payments in respect of the Certificateholder Funds.
Pursuant to the Trust Agreement, all payments made with respect to the TRS Certificates on any Payment Date shall be allocated pro rata among the Holders of the TRS Certificates based upon their respective Percentage Interests in the TRS Sub-Trust.
As more fully described in the Trust Agreement, distributions allocable to the TRS Certificates will be made on each Payment Date up to the amount of Certificateholder Funds for the related Payment Date and, to the extent not previously paid, for all prior Payment Dates.
As and to the extent described in the Trust Agreement, distributions of Certificateholder Funds will be limited to the amount available for such purpose as described in Section 3.1. Such available funds will be distributed on each Payment Date on a pro rata basis among the Holders of the TRS Certificates.