Common use of Custody Receipts Clause in Contracts

Custody Receipts. The Note Custodian shall issue the Series [ ] Custody Receipts in Authorized Denominations as hereinafter provided, composed of Class [A] Custody Receipts and Class [A-IO] Custody Receipts evidencing a beneficial ownership interest in the related Underlying Securities for such Custody Receipts (as set forth in such Custody Receipt and in the Custody Receipt Register) on the terms and conditions set forth herein and in the related Schedule of Terms. Class [A] Custody Receipts shall be substantially in the form set forth in Exhibit 1 hereto, and shall be assigned consecutive registration numbers. The Class [A-IO] Custody Receipts shall be substantially in the form set forth in Exhibit 2 hereto, and shall be assigned consecutive registration numbers. Each Custody Receipt shall be executed by the Note Custodian by the manual signature of an Authorized Officer and no Custody Receipt shall be entitled to any benefits under this Custody Agreement, or be valid or obligatory for any purpose, unless so executed by the Note Custodian. In case any Authorized Officer whose signature shall appear on any Custody Receipt shall cease to be an Authorized Officer, such signature shall nevertheless be valid and sufficient for all purposes as if such person had remained in office. The Custody Receipts shall not evidence any financial obligation of the Depositor or the Note Custodian except that the Note Custodian shall be required, as provided in Section 3.01 hereof, to distribute in the amount specified in the related Schedule of Terms all payments received in respect of the related Underlying Securities deposited hereunder to the Custody Receipts evidencing such Underlying Securities without making any deduction whatsoever, other than as expressly provided in this Custody Agreement.

Custody Receipts. The Note Custodian shall issue the Series [ ] initial Custody Receipts in Authorized Denominations the form of one Custody Receipt to the Depository, who shall hold such certificate for the beneficial owners of the Preferred Stock until such time as hereinafter provided, composed of Class [A] the Fund determines that such beneficial owners should receive certificated Custody Receipts in which event the Custodian shall issue, transfer and Class [A-IO] exchange Custody Receipts evidencing a as required in appropriate amounts as indicated by the Depository, each such Custody Receipt to evidence beneficial ownership interest in by the related Underlying Securities for such Custody Receipts Owner named therein of the Preferred Stock represented thereby (as set forth in such Custody Receipt and in the Custody Receipt Register) on and the terms rights relating to such Custody Receipt under this Custody Agreement and conditions set forth herein and in the related Schedule of TermsSurety Bond. Class [A] Custody Receipts shall be substantially in the form set forth in Exhibit 1 hereto, hereto and shall be assigned consecutive registration numbers. The Class [A-IO] Custody Receipts shall be substantially in the form set forth in Exhibit 2 hereto, and shall be assigned consecutive registration numbersnumbers from CR-1. Each Custody Receipt shall be executed by the Note Custodian by the manual signature of an Authorized Officer and no Custody Receipt shall be entitled to any benefits under this Custody Agreement, or be valid or obligatory for any purpose, unless so executed by the Note Custodian. In case any Authorized Officer whose signature shall appear on any Custody Receipt shall cease to be an Authorized Officer, such signature shall nevertheless be valid and sufficient for all purposes as if such person had remained in office. The Custody Receipts shall not evidence any financial obligation of the Depositor or the Note Custodian except that the Note Custodian shall be required, as provided in Section 3.01 hereof, to distribute in the amount specified in the related Schedule of Terms apply all payments received in respect of the related Underlying Securities Preferred Stock deposited hereunder to the Custody Receipts evidencing ownership of such Underlying Securities Preferred Stock without making any deduction whatsoever, other than as expressly explicitly provided in this Custody Agreement.

Custody Receipts. The Note Custodian shall issue the one or ---------------- more Series [ ] of Custody Receipts in Authorized Denominations from time to time as hereinafter provided, each such Series to be composed of Class [A] A Custody Receipts and Class [A-IO] IO Custody Receipts evidencing a beneficial ownership interest in the related Underlying Securities for such Custody Receipts (as set forth in such Custody Receipt and in the related Custody Receipt Register) on the terms and conditions set forth herein and in the related Schedule of TermsTerms Agreement. Class [A] A Custody Receipts shall be substantially in the form set forth in Exhibit 1 hereto, unless otherwise agreed to by the parties hereto in connection with a particular Series of Custody Receipts, in which case they shall be substantially in the form set forth in Schedule A to the related Terms Agreement, and shall be assigned consecutive registration numbers. The Class [A-IO] IO Custody Receipts shall be substantially in the form set forth in Exhibit 2 heretohereto unless otherwise agreed to by the parties hereto in connection with a particular Series of Custody Receipts, in which case they shall be substantially in the form set forth in Exhibit B to the related Terms Agreement, and shall be assigned consecutive registration numbers. Each Custody Receipt shall be executed by the Note Custodian by the manual signature of an Authorized Officer and no Custody Receipt shall be entitled to any benefits under this Custody Custodial Agreement, or be valid or obligatory for any purpose, unless so executed by the Note Custodian. In case any Authorized Officer whose signature shall appear on any Custody Receipt shall cease to be an Authorized Officer, such signature shall nevertheless be valid and sufficient for all purposes as if such person had remained in office. The Custody Receipts shall not evidence any financial obligation of the Depositor or the Note Custodian except that the Note Custodian shall be required, as provided in Section 3.01 hereof, to distribute in the amount specified in the related Schedule of Terms Agreement all payments received in respect of the related Underlying Securities deposited hereunder to the Custody Receipts evidencing such Underlying Securities without making any deduction whatsoever, other than as expressly provided in this Custody Custodial Agreement.