Certificated Call Warrants. Any Global Call Warrant representing Call Warrants shall be exchangeable for Certificated Call Warrants only if (i) the Depository advises the Depositor in writing that it is no longer willing or able to properly discharge its responsibilities with respect to the Call Warrants and the Depositor is unable to locate a qualified successor within 60 calendar days or (ii) the Depositor, at its option, advises the Trustee in writing that it elects to terminate the book-entry system through the Depository. Any Global Call Warrant that is exchangeable pursuant to the preceding sentence will be exchangeable for Certificated Call Warrants of like tenor and Warrant Amount, as applicable, in any authorized denomination or denominations and registered in the names of such Person or Persons as the Depository shall direct. Upon such exchange, the Warrant Agent shall execute and authenticate such Certificated Call Warrants and register the same in the name of, and deliver the same to, such Person or Persons consistent with the provisions hereof.
Appears in 29 contracts
Samples: Warrant Agent Agreement (Lehman Abs Daimlerchrysler Deb-BKD Ser 2003-15), Warrant Agent Agreement (Lehman Abs Corp Bellsouth Debt- Backed Ser 2003-14), Series Supplement (Lehman Abs Corp Daimlerchrysler Debenture-Backed Series 2004-8)
