Payments on Certificates Clause Samples

The "Payments on Certificates" clause defines the procedures and terms under which payments are made to holders of certificates, such as securities or financial instruments. It typically outlines the timing, method, and conditions for distributing interest, principal, or other proceeds to certificate holders, and may specify the roles of paying agents or trustees in the process. This clause ensures that all parties understand how and when payments will be made, thereby providing clarity and predictability in financial transactions involving certificates.
Payments on Certificates. The Holders of the Certificates will be entitled to distributions on each Payment Date, as provided in the Indenture.
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Payments on Certificates. The Certificateholders will be entitled to distributions on each Payment Date, as provided in the Trust C Indenture.
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Payments on Certificates. The Certificateholders will be entitled to distributions as beneficial owners of Trust A, Trust B and Trust C.
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Payments on Certificates. Unless otherwise provided herein, payments on Certificates shall be payable by wire transfer or other means pursuant to the payment instructions of any Certificateholder (which may be standing instructions applicable to all payments until subsequent notices are given) provided to the Trustee at least five Business Days prior to the date of such payment. If on the date of any such payment, the Trustee has not received payment instructions satisfactory to the Trustee, the Trustee shall promptly notify the Certificateholder or Certificateholders failing to deliver satisfactory payment instructions that the Trustee is holding such amounts on its behalf. Absent receipt of such payment instructions, the Trustee shall make payments to Certificateholders by check in U.S. dollars. All payments to Certificateholders shall be in Dollars, but only from and out of monies received by the Trustee as a portion of the Trust Estate in which such Certificateholder has an interest and applicable to such payment under the provisions hereof. By acceptance of its Certificate, each Certificateholder agrees that, unless otherwise provided herein, upon final payment of all amounts due hereunder in respect of such Certificate it shall promptly surrender its Certificate to the Trustee for cancellation. All Certificates surrendered to the Trustee for cancellation or for registration of transfer or exchange shall be canceled and disposed of by the Trustee in accordance with its policy of disposal.
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Payments on Certificates. 12 ARTICLE IV.
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Related to Payments on Certificates

  • Payments on Notes 37 Section 14.1. Place of Payment................................................................................ 37 Section 14.2. Home Office Payment........................................................................ 37 SECTION 15.

  • Payments on Securities Permitted Subject to Section 15.01, nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.02 and 15.03, payments of principal of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or interest, if any, on the Securities, unless a Responsible Officer of the Trustee shall have received at its Corporate Trust Office written notice of any fact prohibiting the making of such payment from the Company or from the holder of any Senior Indebtedness or from the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such trustee more than two Business Days prior to the date fixed for such payment.

  • Payments on the Notes Payments on the Notes that are to be made from amounts withdrawn from the Bank Accounts will be made on behalf of the Issuer by the Indenture Trustee or a Note Paying Agent. No amounts withdrawn for payments on the Notes may be paid over to the Issuer, except as stated in this Section 3.3.

  • Certificate Accounts Any time deposit, term share, share certificate, or certificate of deposit account allowed by state law (certificate account), whichever we offer, is subject to the terms of this Agreement, the Truth-in-Savings Disclosure, and the Account Receipt for each account, the terms of which are incorporated herein by reference.

  • Certain Agreements on Receivables Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of an Event of Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.