Common use of Amendments to Standard Terms Clause in Contracts

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (g) Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased."

Appears in 51 contracts

Samples: Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series Val 1), Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series HTZ-1), Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSG-2)

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Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at At or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (g) Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased."

Appears in 9 contracts

Samples: Series Supplement (Merrill Lynch Depositors Inc), Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series QWS-2), Series Supplement (Preferredplus Trust Series All-1)

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) : Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) " Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) " Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) " The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) " Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) " Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (g) " Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased."

Appears in 2 contracts

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series Elp 1), Series Supplement (Pplus Trust Series CSF-1)

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms 3.04 shall be deleted and replaced with the following: "This subsection has been left intentionally left blank." (gd) Subsection (g) of Section 4.08 3.05 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchasedThis subsection has been left intentionally blank." (e) Section 3.06 shall be deleted and replaced with the following: "This subsection has been left intentionally blank." (f) Section 3.07 shall be deleted and replaced with the following: "This subsection has been left intentionally blank."

Appears in 2 contracts

Samples: Series Supplement (Merrill Lynch Depositor Inc Indexplus Trust Series 2003-1), Series Supplement (Merrill Lynch Depositor Inc Indexplus Trust Series 2003-1)

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (b) of Section 2.01 shall be amended to include as the final sentence thereof the following: "In addition, by acceptance of a Certificate, the initial Certificateholders are deemed to have agreed to make an integration election under Treasury regulation section 1.1275-6 with respect to the Underlying Securities and the Swap Agreement." (c) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (cd) Clause (v) of Subsection subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (de) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (ef) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (fg) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (gh) Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased." (i) Article VII shall be amended to include the following:

Appears in 2 contracts

Samples: Trust Supplement (PPLUS Trust Series GSC-2), Trust Supplement (PPLUS Trust Series GSC-2)

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (b) of Section 2.01 shall be amended to include as the final sentence thereof the following: "In addition, by acceptance of a Certificate, the initial Certificateholders are deemed to have agreed to make an integration election under Treasury regulation Section 1.1275-6 with respect to the Underlying Securities and the Swap Agreement." (c) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (ge) Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased." (f) Article VII shall be amended to include the following:

Appears in 2 contracts

Samples: Trust Supplement (PPLUS Trust Series JPM-1), Trust Supplement (PPLUS Trust Series JPM-1)

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Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-same- day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (g) Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased."

Appears in 1 contract

Samples: Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series FMC-1)

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (g) " Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased."

Appears in 1 contract

Samples: Trust Agreement (Merrill Lynch Depositor Inc Preferredplus Trust Series Ver-1)

Amendments to Standard Terms. Solely with respect to the Trust and the Series and for no other purpose, the Standard Terms are hereby amended as follows: (a) Clause (iii) of Subsection (c) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "at the time of delivery of the Underlying Securities, Depositor owns such Underlying Securities, has the right to transfer its interest in such Underlying Securities and such Underlying Securities are free and clear of any lien, pledge, encumbrance, right, charge, claim or other security interest (other than the lien created by this Trust Agreement); and" (b) Subsection (e) of Section 2.01 of the Standard Terms shall be deleted and replaced with the following: "Any Trust created hereunder shall not engage in any business or activities other than in connection with, or relating to, the holding, protecting and preserving of the Deposited Assets and the issuance of the Certificates and, if applicable, Call Rights, and other than those required or authorized by this Trust Agreement or incidental to and necessary to accomplish such activities. Any Trust created hereunder shall not issue or sell any certificates or other obligations other than the Certificates or, if applicable, Call Rights or otherwise incur, assume or guarantee any indebtedness for money borrowed." (c) Clause (v) of Subsection (b) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "that Holders of Certificates receiving notice of Call Rights being exercised with respect to the Certificates held by them shall not be entitled to any interest on the Certificates for any period on and after the Call Date, and the only remaining right of Holders of such Certificates is to receive payment of the Call Price upon surrender of the Certificates to the Warrant Agent; and" (d) The first sentence of subsection (d) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Once such notice is mailed to a Holder, such Holder shall not be entitled to any right as a Holder other than the right to receive payment of the Call Price on the Call Date and the Certificates subject to the Call Right shall be deemed to have been automatically surrendered to the Trust for further transfer to the holder exercising its Call Right." (e) Subsection (e) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "Subject to Section 2.02(a)(i) of the Warrant Agreement, at or prior to 12:00 noon on the Call Date, the holder of the Call Right to be exercised shall deposit with the Escrow Agent by wire transfer in same-day funds money sufficient to pay the Call Price of the Certificates to be purchased on that date." (f) Subsection (f) of Section 4.08 of the Standard Terms shall be deleted and replaced with the following: "This subsection has been intentionally left blank." (g) Subsection (g) of Section 4.08 shall be deleted and replaced with the following: "Upon surrender of any Certificate that is purchased in part, the Depositor shall execute and the Trustee shall authenticate and deliver to the Holder a new Certificate equal in principal amount to the portion of such surrendered Certificate not purchased.":

Appears in 1 contract

Samples: Series Supplement (PPlus Trust Series LTD-1)

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