Amount of Certificate Proceeds Sample Clauses

The 'Amount of Certificate Proceeds' clause defines how much money is to be received from certificates, such as insurance or financial instruments, in connection with the agreement. It typically specifies the calculation method or the factors that determine the total proceeds, such as the face value of the certificate, any applicable deductions, or adjustments for partial losses. This clause ensures that all parties have a clear understanding of the expected financial benefit or compensation, thereby reducing disputes and providing certainty regarding the funds to be distributed or received.
Amount of Certificate Proceeds. The total proceeds to be received by the City from the sale of the Certificates will be as follows: Principal Amount $ Plus Original Issue Premium Less Underwriting Discount Total Proceeds Received by the City $
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Amount of Certificate Proceeds. The total proceeds to be received by the City from the sale of the Certificates will be $5,695,000.
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Amount of Certificate Proceeds. The total proceeds to be received by the City from the sale of the Certificates will be as follows: Principal Amount $3,638,100.00 Net Original Issue Premium/(Discount) 0.00 Total Proceeds Received by Issuer $3,638,100.00
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Amount of Certificate Proceeds. The total proceeds to be received by the Issuer from the sale of the Certificates will be as follows: Principal Amount $28,995,000.00 Net Original Issue Premium Underwriting Discount () Less Bond Insurance Premium Total Proceeds Received by Issuer $
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Related to Amount of Certificate Proceeds

  • Loss of Certificates In case of the alleged loss or destruction or the mutilation of a share certificate, a duplicate certificate may be issued in place thereof, upon such terms as the Trustees shall prescribe.

  • Establishment of Certificate Distribution Account (a) The Servicer, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee an Eligible Deposit Account known as the Certificate Distribution Account (the "Certificate Distribution Account"), bearing an additional designation clearly indicating that the funds deposited therein are held for the benefit of the Certificateholders. The Certificate Distribution Account shall initially be established with . (b) The Owner Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof (except Investment Proceeds therefrom as set forth in the Trust Sale and Servicing Agreement) for the benefit of the Certificateholders. Except as otherwise provided herein or in the Trust Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Deposit Account, the Owner Trustee (or the Servicer on behalf of the Owner Trustee, if the Certificate Distribution Account is not then held by the Owner Trustee or an Affiliate thereof) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Certificate Distribution Account as an Eligible Deposit Account and shall transfer any cash and/or any investments to such new Certificate Distribution Account.