Common use of Issuance of Trust Certificates Clause in Contracts

Issuance of Trust Certificates. Upon the sale from time to time of any of the Trust Certificates, an amount equal to the principal amount of the Trust Certificates so sold shall, forthwith upon the issuance thereof, be deposited in cash with the Trustee.

Appears in 3 contracts

Sources: Equipment Trust Agreement (Union Tank Car Co), Equipment Trust Agreement (Union Tank Car Co), Equipment Trust Agreement (Union Tank Car Co)