Common use of Delivery of a Call Notice does not give rise to an obligation on the part of the Warrant Holder to pay the Call Price Clause in Contracts

Delivery of a Call Notice does not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for the Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant Holder's right to deliver a Call Notice at a later date. Xxx Xall Price for a call in connection with a tender offer shall be deducted from the proceeds of a tender offer by the Trust pursuant to Section 7(g)(iii) of the Series Supplement.

Appears in 2 contracts

Samples: Series Supplement (Lehman Abs Corp), Series Supplement (Lehman Abs Corp)

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Delivery of a Call Notice does not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for the Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant Holder's right to deliver a Call Notice at a later date. Xxx Xall Price The Calx Xxxxe for a call in connection with a tender offer shall be deducted from the proceeds of a tender offer by the Trust pursuant to Section 7(g)(iii) of the Series Supplement.

Appears in 2 contracts

Samples: Series Supplement (Lehman Abs Corp Motorola Debenture Backed Series 2002 12), Series Supplement (Lehman Abs Corp Motorola Debenture Backed Series 2002 12)

Delivery of a Call Notice does not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for the Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant Holder's right to deliver a Call Notice Calx Xxxxce at a later date. Xxx Xall The Call Price for a call in connection with a tender offer shall be deducted from the proceeds of a tender offer by the Trust pursuant to Section 7(g)(iii) of the Series Supplement.

Appears in 1 contract

Samples: Corporate Backed Trust Certificates (Lehman Abs Corp)

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Delivery of a Call Notice does not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for the Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant Holder's right to deliver a Call Notice at a later date. Xxx Xall Xxll Price for a call in connection with a tender offer shall be deducted from the proceeds of a tender offer by the Trust pursuant to Section 7(g)(iii) of the Series Supplement.

Appears in 1 contract

Samples: Series Supplement (Lehman Abs Corp)

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