Administration of Trust. In addition to the provisions set forth in Section 3.1 of the Base Trust Agreement, the Trustee shall administer the Trust for the benefit of the Warrantholders but only to the extent of the interests of the Warrantholders therein and provided further, in the event of a conflict of interest between the Certificateholders and the Warrantholders, the interests of the Certificateholders shall prevail. The Warrantholders’ right to call the Underlying Securities shall not be considered a conflict of interest with the Certificateholders for purposes of this provision.
Appears in 3 contracts
Samples: Warrant Agent Agreement (Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1), Warrant Agent Agreement (Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1), Warrant Agent Agreement (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1)
Administration of Trust. In addition to the provisions set forth in Section 3.1 of the Base Trust Agreement, the Trustee shall administer the Trust for the benefit of the Warrantholders but only to the extent of the interests of the Warrantholders therein and provided further, in the event of a conflict of interest between the Certificateholders and the Warrantholders, the interests of the Certificateholders shall prevail. The Warrantholders’ ' right to call the Underlying Securities shall not be considered a conflict of interest with the Certificateholders for purposes of this provision.
Appears in 2 contracts
Samples: Warrant Agent Agreement (Synthetic Fixed Income Securities Inc), Warrant Agent Agreement (Synthetic Fixed Income Securities Inc)
