Common use of Distributions on the Clause in Contracts

Distributions on the. Trust Securities shall be cumulative, and will accumulate whether or not there are funds of the Trust available for the payment of Distributions. Distributions shall accrue from ____________, _________, and, except in the event that the Depositor exercises its right to defer the payment of interest on the Debt Securities pursuant to the Indenture, shall be payable quarterly in arrears on __________, ______, _________ and ___________ of each year, commencing on ______________, 1999. If any date on which a Distribution is otherwise payable on the Trust Securities is not a Business Day, then the payment of such Distribution shall be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, payment of such Distribution shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date (each date on which distributions are payable in accordance with this Section 4.1(a), a "Distribution Date").

Distributions on the. Trust Securities shall be cumulative, and will accumulate whether or not there are funds of the Trust available for the payment of Distributions. Distributions shall accrue from _the Closing Date, and, except in the event (and to the extent) that the Debenture Issuer exercises its right to extend the interest payment period for the Debentures pursuant to Section 312 of the Subordinated Indenture, shall be payable quarterly in arrears on ___________, ___________, and, except in the event that the Depositor exercises its right to defer the payment of interest on the Debt Securities pursuant to the Indenture, shall be payable quarterly in arrears on ___________, ______, _________ and ___________ of each year, commencing on ___________, 200___, 1999. If any date on which a Distribution is Distributions are otherwise payable on the Trust Securities is not a Business Day, then the payment of such Distribution shall be made on the next succeeding day that which is a Business Day (and without any interest or other payment in respect of any such delay) ), except that, if such Business Day is in the next succeeding calendar year, payment of such Distribution Distributions shall be made on the immediately preceding Business Day, in each case case, with the same force and effect as if made on such date (each date on which distributions Distributions are payable in accordance with this Section 4.1(a4.01(a), a "Distribution Date").

Distributions on the. Trust Securities shall be cumulative, and will accumulate whether or not there are funds of the Trust available for the payment of Distributions. Distributions shall accrue from [____________], [_________], and, except in the event (and to the extent) that the Depositor exercises its right to defer the payment of interest on the Debt Securities Notes pursuant to the Indenture, shall be payable quarterly in arrears on [__________], ______, _________ and [___________ of each year], commencing on [__________] and [___________] of each year, commencing on [__________], 1999[____]. If any date on which a Distribution is otherwise payable on the Trust Securities is not a Business Day, then the payment of such Distribution shall be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, payment of such Distribution shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date (each date on which distributions are payable in accordance with this Section 4.1(a), a "Distribution Date").