Trust Certificate definition
Examples of Trust Certificate in a sentence
The Certificate Registrar hereby agrees to notify the Paying Agent in writing of any changes to the registered holders of the Trust Certificate.
On the Closing Date, in exchange for the Conveyed Assets, the Grantor Trust shall issue and deliver to the Issuer the Grantor Trust Certificate.
The Depositor and each Trust Certificateholder, by acceptance of a Trust Certificate, agree to take no action inconsistent with the foregoing intention, except as may otherwise be required by applicable law.
No transfer of a Trust Certificate shall be recognized except upon registration of such transfer.
For any such period during which the beneficial ownership interests in the Issuing Entity are held by more than one person for U.S. federal income tax purposes, each Trust Certificateholder, by acceptance of a Trust Certificate or any beneficial interest on a Trust Certificate, agrees to treat, and to take no action inconsistent with the treatment of, the Trust Certificates as partnership interests in the Issuing Entity for such tax purposes.