Common use of Covenant of Depositor Clause in Contracts

Covenant of Depositor. The Depositor hereby covenants that it will be adequately capitalized at all times. The Depositor hereby further covenants that it will not purchase or otherwise acquire any Certificates in the open market or otherwise at any time. * * * * *

Appears in 5 contracts

Samples: Series (Prudential Securities Structured Assets Inc), Receipts on Corporate Securities Trust Series BNSF 1998-1, Receipts on Corporate Securities Trust Series NSC 1998-1

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Covenant of Depositor. The Depositor hereby covenants that it will be ---------------------- adequately capitalized at all times. The Depositor hereby further covenants that it will not purchase or otherwise acquire any Certificates in the open market or otherwise at any time. * * * * *

Appears in 1 contract

Samples: Receipts on Corporate Securities Trust Ser CHR 1998-1

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