Examples of Floater Certificates in a sentence
LIBOR applicable to the calculation of the Pass-Through Rates on the Floater Certificates and Inverse Floater Certificates, if any, for any Interest Accrual Period (other than the initial Interest Accrual Period) will be determined on each LIBOR Rate Adjustment Date.
Pursuant to the Trust Agreement, the Floater Certificates, Series [ ] (the “Floater Certificates”) and the Residual Certificates, Series [ ] (the “Residual Certificates” and, together with the Floater Certificates, collectively, the “Certificates”) have been executed, registered and delivered by the Trustee.
This Floater Certificate further evidences the right of the Holder of this Floater Certificate to exercise the Tender Option with respect thereto by tendering such Floater Certificates for purchase pursuant to, at the times, for the Purchase Price and under the conditions set forth in the Trust Agreement.
The book-entry system will evidence positions held in the Floater Certificates by the Securities Depository’s participants, beneficial ownership of the Floater Certificates in Authorized Denominations thereof being evidenced in the records of such participants.
Any replacement Certificate issued pursuant to this Section 10.10 shall constitute complete and indefeasible evidence of ownership in the Bonds (and, in the case of Floater Certificates other than Liquidity Floater Certificates, the right to receive the Purchase Price of the Floater Certificates from amounts available under the related Liquidity Facility) as if originally issued, whether or not the destroyed or lost or stolen Certificate shall be found at any time.