Common use of Market Agent Clause in Contracts

Market Agent. (a) If specified for a given Series, on the Closing Date the Trustee shall enter into a Market Agent Agreement with Merrill Lynch & Co. as the initial Market Agent, in the form attachex xx xxe xxxxted Supplement. The Market Agent shall serve as such under the terms and provisions hereof and of the Market Agent Agreement. The Market Agent, including any successor appointed pursuant hereto, shall be a member of the National Association of Securities Dealers, Inc., have capitalization of at least $25,000,000, and be authorized by law to perform all the duties imposed upon it by this Trust Agreement and the Market Agent Agreement. The Market Agent may be removed at any time by the Trustee, acting at the written direction of the Depositor; provided, however, that such removal shall not take effect until the appointment of a successor Market Agent. The Market Agent may resign upon 30 days' written notice delivered to the Trustee. The Depositor shall use its best efforts to appoint a successor Market Agent that is a qualified institution, effective as of the effectiveness of any such resignation or removal.

Appears in 1 contract

Samples: Market Agent Agreement (PPlus Trust Series LTD-1)

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Market Agent. (a) If specified for a given specific Series, on the Closing Date the Trustee shall enter into a Market Agent Agreement with Merrill Lynch Bear Stearns & Co. Inc., as the initial Market Agent, in the form attachex xx xxe xxxxted related Series Supplement. The Market Agent shall serve as such under the terms and provisions hereof and of the Market Agent Agreement. The Market Agent, including any successor appointed pursuant hereto, shall be a member of the National Association of Securities Dealers, Inc., have capitalization of at least $25,000,000, and be authorized by law to perform all the duties imposed upon it by this Trust Agreement and the Market Agent Agreement. The Market Agent may be removed at any time by the Trustee, acting at the written direction of the Depositor; provided, however, that such removal shall not take effect until the appointment of a successor Market Agent. The Market Agent may resign upon 30 days' written notice delivered to the Trustee. The Depositor Trustee shall use its best efforts to appoint a successor Market Agent that is a qualified institution, effective as of the effectiveness of any such resignation or removal.

Appears in 1 contract

Samples: Bear Stearns Depositor Inc

Market Agent. (a) If specified for a given specific ------------ Series, on the Closing Date the Trustee shall enter into a Market Agent Agreement with Merrill Lynch & Co. Lehman Brothers Inc., as the initial Market Agent, in the form attachex xx xxe xxxxted xhe related Series Supplement. The Market Agent shall serve as such under the terms and provisions hereof and of the Market Agent Agreement. The Market Agent, including any successor appointed pursuant hereto, shall be a member of the National Association of Securities Dealers, Inc., have capitalization of at least $25,000,000, and be authorized by law to perform all the duties imposed upon it by this Trust Agreement and the Market Agent Agreement. The Market Agent may be removed at any time by the Trustee, acting at the written direction of the Depositor; provided, however, that such removal shall not take effect until the appointment of a successor Market Agent. The Market Agent may resign upon 30 days' written notice delivered to the Trustee. The Depositor Trustee shall use its best efforts to appoint a successor Market Agent that is a qualified institution, effective as of the effectiveness of any such resignation or removal.

Appears in 1 contract

Samples: Trust Agreement (Lehman Abs Corp)

Market Agent. (a) If specified for a given specific ------------ Series, on the Closing Date the Trustee shall enter into a Market Agent Agreement with Merrill Lynch & Co. Citicorp Securities, Inc., as the initial Market Agent, in the form attachex xx xxe xxxxted attached to the related Series Supplement. The Market Agent shall serve as such under the terms and provisions hereof and of the Market Agent Agreement. The Market Agent, including any successor appointed pursuant hereto, shall be a member of the National Association of Securities Dealers, Inc., have capitalization of at least $25,000,000, and be authorized by law to perform all the duties imposed upon it by this Trust Agreement and the Market Agent Agreement. The Market Agent may be removed at any time by the Trustee, acting at the written direction of the Depositor; provided, however, that such removal shall not take effect until the appointment of a successor Market Agent. The Market Agent may resign upon 30 days' written notice delivered to the Trustee. The Depositor shall use its best efforts to appoint a successor Market Agent that is a qualified institution, effective as of the effectiveness of any such resignation or removal.

Appears in 1 contract

Samples: Elmwood Funding LTD

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Market Agent. (a) If specified for a given Series, on the Closing Date the Trustee shall enter into a Market Agent Agreement with Merrill Lynch & Co. as the initial Market Agent, in the form attachex attached xx xxe xxxxted xxx rxxxxxd Supplement. The Market Agent shall serve as such under the terms and provisions hereof and of the Market Agent Agreement. The Market Agent, including any successor appointed pursuant hereto, shall be a member of the National Association of Securities Dealers, Inc., have capitalization of at least $25,000,000, and be authorized by law to perform all the duties imposed upon it by this Trust Agreement and the Market Agent Agreement. The Market Agent may be removed at any time by the Trustee, acting at the written direction of the Depositor; provided, however, that such removal shall not take effect until the appointment of a successor Market Agent. The Market Agent may resign upon 30 days' written notice delivered to the Trustee. The Depositor shall use its best efforts to appoint a successor Market Agent that is a qualified institution, effective as of the effectiveness of any such resignation or removal.

Appears in 1 contract

Samples: Market Agent Agreement (PPlus Trust Series GSC-4)

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