Retained Interest. On the first Distribution Date after the Closing Date, the Trust shall pay to the Depositor the Retained Interest on the securities identified in Exhibit A, the right to payment of which is retained by the Depositor and is not deposited in the Trust. On the first Distribution Date after the Grant to the Trust of any Additional Underlying Securities, the Trust shall pay to the Depositor the Retained Interest on such Additional Underlying Securities, the right to payment of which shall be retained by the Depositor and not deposited in the Trust.
Appears in 3 contracts
Sources: Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp), Trust Agreement (Corporate Asset Backed Corp Cabco Series 2004 1 Trust)