Distributions in Securities. Section 4.3 is hereby --------------------------- deleted in its entirety and replaced with the following: If any distribution by a Securities Issuer consists of a dividend in, or free distribution of, Securities or Additional Securities, the Trustee shall, to the extent lawful and feasible, retain such Securities or Additional Securities under the Depositary Trust Agreement, and, in such case, (i) the amount of such Securities or Additional Securities so retained in respect of each Receipt shall be added to the classes and quantities of securities which must be deposited for issuance of one Receipt and (ii) the number of Receipts in an Issuance Denomination may be increased or decreased by the Trustee to the lowest multiple of 100 Receipts such that no fractional shares are thereby represented in such Issuance Denomination.
Appears in 7 contracts
Samples: Amendment to the Standard Terms for Depositary Trust Agreements (Merrill Lynch Pierce Fenner & Smith Inc), Depositary Trust Agreement (Broadband Holdrs Trust), Amendment to the Standard Terms for Depositary Trust Agreements (Software Holdrs Trust)
Distributions in Securities. Section 4.3 is hereby deleted --------------------------- deleted in its entirety and replaced with the following: If any distribution by a Securities Issuer consists of a dividend in, or free distribution of, Securities or Additional Securities, the Trustee shall, to the extent lawful and feasible, retain such Securities or Additional Securities under the Depositary Trust Agreement, and, in such case, (i) the amount of such Securities or Additional Securities so retained in respect of each Receipt shall be added to the classes and quantities of securities which must be deposited for issuance of one Receipt and (ii) the number of Receipts in an Issuance Denomination may be increased or decreased by the Trustee to the lowest multiple of 100 Receipts such that no fractional shares are thereby represented in such Issuance Denomination.
Appears in 6 contracts
Samples: Depositary Trust Agreement (Semiconductor Holdrs Trust), Depositary Trust Agreement (B2b Internet Holdrssm Trust), Amendment No. 2 to the Standard Terms for Depositary Trust Agreements (Biotech Holdrs Trust)
Distributions in Securities. Section 4.3 is hereby --------------------------- deleted in --------------------------- its entirety and replaced with the following: If any distribution by a Securities Issuer consists of a dividend in, or free distribution of, Securities or Additional Securities, the Trustee shall, to the extent lawful and feasible, retain such Securities or Additional Securities under the Depositary Trust Agreement, and, in such case, (i) the amount of such Securities or Additional Securities so retained in respect of each Receipt shall be added to the classes and quantities of securities which must be deposited for issuance of one Receipt and (ii) the number of Receipts in an Issuance Denomination may be increased or decreased by the Trustee to the lowest multiple of 100 Receipts such that no fractional shares are thereby represented in such Issuance Denomination.
Appears in 3 contracts
Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc), Amendment to the Standard Terms for Depositary Trust Agreements (Internet Architecture Holdrssm Trust), Amendment to the Standard Terms for Depositary Trust Agreements (Utilities Holders Sm Trust)
Distributions in Securities. Section 4.3 is hereby --------------------------- deleted in --------------------------- its entirety and replaced with the following: If any distribution by a Securities Issuer consists of a dividend divided in, or free distribution of, Securities or Additional Securities, the Trustee shall, to the extent lawful and feasible, retain such Securities or Additional Securities under the Depositary Trust Agreement, and, in such case, (i) the amount of such Securities or Additional Securities so retained in respect of each Receipt shall be added to the classes and quantities of securities which must be deposited for issuance of one Receipt Receipts and (ii) the number of Receipts in an Issuance Denomination may be increased or decreased by the Trustee to the lowest multiple of 100 Receipts such that no fractional shares are thereby represented in such Issuance Denomination.
Appears in 1 contract
Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc)
Distributions in Securities. Section 4.3 is hereby --------------------------- deleted ---------------------------- in its entirety and replaced with the following: If any distribution by a Securities Issuer consists of a dividend in, or free distribution of, Securities or Additional Securities, the Trustee shall, to the extent lawful and feasible, retain such Securities or Additional Securities under the Depositary Trust Agreement, and, in such case, (i) the amount of such Securities or Additional Securities so retained in respect of each Receipt shall be added to the classes and quantities of securities which must be deposited for issuance of one Receipt Receipts and (ii) the number of Receipts in an Issuance Denomination may be increased or decreased by the Trustee to the lowest multiple of 100 Receipts such that no fractional shares are thereby represented in such Issuance Denomination.
Appears in 1 contract
Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc)
