Common use of Exchange of Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities Clause in Contracts

Exchange of Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities. (a) On each occasion on which a Holder of Stripped APEX and Capital APEX exercises its rights pursuant to Sections 5.13(d) of the Declaration of Trust to exchange Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities by, during any Exchange Period, Transferring the Stripped APEX and the Capital APEX being Exchanged to the Securities Registrar and delivering a duly executed and completed Recombination Notice and Request to the Securities Registrar and Collateral Agent (x) stating that the Holder is Transferring the related Stripped APEX and Capital APEX to the Securities Registrar in connection with the Exchange of such Stripped APEX and Capital APEX for a Like Amount of each of Normal APEX and Pledged Treasury Securities, (y) requesting the Collateral Agent to release from the Pledge and deliver to the Holder Pledged Treasury Securities in a principal amount equal to the Liquidation Amount of each of the Stripped APEX and Capital APEX being exchanged, and (z) requesting the Securities Registrar to deliver to the Holder Normal APEX of a Like Amount. Collateral Agreement

Exchange of Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities. (a) On each occasion on which a Holder of Stripped APEX and Capital APEX exercises its rights pursuant to Sections 5.13(d) of the Declaration of Trust Agreement to exchange Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities by, during any Exchange Period, Transferring the Stripped APEX and the Capital APEX being Exchanged to the Securities Registrar and delivering a duly executed and completed Recombination Notice and Request to the Securities Registrar and Collateral Agent (x) stating that the Holder is Transferring the related Stripped APEX and Capital APEX to the Securities Registrar in connection with the Exchange of such Stripped APEX and Capital APEX for a Like Amount of each of Normal APEX and Pledged Treasury Securities, (y) requesting the Collateral Agent to release from the Pledge and deliver to the Holder Pledged Treasury Securities in a principal amount equal to the Liquidation Amount of each of the Stripped APEX and Capital APEX being exchanged, and (z) requesting the Securities Registrar to deliver to the Holder Normal APEX of a Like Amount. Collateral Agreement:

Exchange of Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities. (a) On each occasion on which a Holder of Stripped APEX and Capital APEX exercises its rights pursuant to Sections 5.13(d) of the Declaration of Trust Agreement to exchange Stripped APEX and Capital APEX for Normal APEX and Qualifying Treasury Securities by, during any Exchange Period, Transferring the Stripped APEX and the Capital APEX being Exchanged to the Securities Registrar and delivering a duly executed and completed Recombination Notice and Request to the Securities Registrar and Collateral Agent (x) stating that the Holder is Transferring the related Stripped APEX and Capital APEX to the Securities Registrar in connection with the Exchange of such Stripped APEX and Capital APEX for a Like Amount of each of Normal APEX and Pledged Treasury Securities, (y) requesting the Collateral Agent to release from the Pledge and deliver to the Holder Pledged Treasury Securities in a principal amount equal to the Liquidation Amount of each of the Stripped APEX and Capital APEX being exchanged, and (z) requesting the Securities Registrar to deliver to the Holder Normal APEX of a Like Amount. Collateral Agreement, the Custodial Agent shall: