Common use of DISTRIBUTIONS IN RESPECT OF CERTIFICATES Clause in Contracts

DISTRIBUTIONS IN RESPECT OF CERTIFICATES. (a) Any per Certificate amount in respect of a Registered Certificate that is payable and is punctually paid or duly provided for on any Distribution Date or any other date shall be distributed to the Person in whose name such Registered Certificate (or one or more Predecessor Certificates) is registered at the close of business on the related Record Date notwithstanding the cancellation of such Registered Certificate upon any transfer or exchange subsequent to such related Record Date. Distributions on Registered Certificates shall be made, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated in writing by a Holder, or, in the case of distributions of Underlying Securities in kind, by delivery of such Underlying Securities to any DTC or other depositary account designated in writing by a Holder, or, if such arrangements with respect to any Holder are not so made no later than 15 calendar days prior to the applicable Distribution Date, at the Corporate Trust Office (with respect to the final distribution and distributions in kind of Underlying Securities) or by check mailed to the address of the Person entitled thereto as such address shall appear in the Certificate Register.

DISTRIBUTIONS IN RESPECT OF CERTIFICATES. (a) Any per Certificate amount in respect of a Registered Certificate that is payable and is punctually paid or duly provided for on any Distribution Date or any other date shall be distributed to the Person in whose name such Registered Certificate (or one or more Predecessor Certificates) is registered at the close of business on the related Record Date Date, notwithstanding the any cancellation of such Registered Certificate upon any transfer or exchange subsequent to such related Record Date. Distributions on Registered Certificates shall be made, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated in writing by a Holderthe Person entitled to receive such Distributions, or, in the case of distributions of Underlying Securities in kind, by delivery of such Underlying Securities to any DTC or other depositary Depositary account designated in writing by a Holdersuch Person, or, if such arrangements with respect to any Holder Person are not so made no later than 15 calendar days prior to the applicable Distribution Date, at the Corporate Trust Office (with respect to the final distribution and distributions in kind of Underlying Securities) or by check mailed to the address of the Person entitled thereto as such address shall appear appears in the Certificate Register.