Common use of ADMINISTRATION OF THE UNDERLYING CERTIFICATES; PAYMENTS AND REPORTS TO CERTIFICATEHOLDERS Clause in Contracts

ADMINISTRATION OF THE UNDERLYING CERTIFICATES; PAYMENTS AND REPORTS TO CERTIFICATEHOLDERS.

ADMINISTRATION OF THE UNDERLYING CERTIFICATES; PAYMENTS AND REPORTS TO CERTIFICATEHOLDERS. Section 3.01. Administration of the Trust Fund and the Underlying Certificates. If at any time the Trustee is requested, whether by a Certificateholder, a holder of a certificate of the Underlying Series or a party to the Underlying Agreement or any other Person, to take any action or to give any consent, approval or waiver, including, without limitation, in connection with an amendment of the Underlying Agreement, the Trustee shall promptly notify all of the Holders of the Certificates and the Depositor of such request and of its planned course of action with respect thereto and the Trustee shall, in its capacity as registered owner of such Underlying Certificates, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request, as the majority of Certificateholders shall direct in writing.