Common use of Notice of Exchange Clause in Contracts

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts on Corporate Securities Trust, Series NSC 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By delivery of this duly completed Notice of exchange, the undersigned registered holder of Amoritizing Class Certificates and Residual Class Certificates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust for Term Assets representing the Specified Percentage of all Term Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts on Corporate Securities Trust, Series NSC CHR 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13June 9, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust for Term Assets representing the Specified Percentage of all Term Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts on Corporate Securities Trust, Series NSC 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust for Term Assets representing the Specified Percentage of all Term Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts on Corporate Securities Trust, Series NSC 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust for Term Assets representing the Specified Percentage of all Term Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).. Exchange Date: ____________ (must be the Scheduled Distribution Date occurring not less than 30 nor more than 45 days after the giving of this Notice). Certificates to be Tendered: ----------------------------------------------------------------- Specified Principal Percentage Amount of of entire Principal Certificate Class Certificate Amount of to be to be Class Number Certificate Exchanged* Exchanged** ----- ----------- ----------- ---------- ----------- -- Amortizing $R-- $ $ | Residual $R-- $ $ | ________% -- ----------------------------------------------------------------- ------------ * If not completed, the Holder will be deemed to have agreed to exchange the entire Certificate Principal Balance represented by its Certificates. ** Must be not less than 10% and must represent the identical percentage of the respective Aggregate Certificate Principal Balances of all outstanding Amortizing Class Certificates and Residual Class Certificates issued by the Trust. Registration instruction for Term Assets (Note: must be eligible participant of book-entry depository system if Term Assets are held through that system): Dated: ________________ ____________________________* Signature Guaranteed; ____________________________*

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts on Corporate Securities Trust, Series NSC BNSF 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust for Term Assets representing the Specified Percentage of all Term Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts receipts on Corporate Securities Trust, Series NSC 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By the delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates Certficates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of 10%)of the Aggregate Certificate Principal Balance of all outstanding Amortizing Residual Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of for all outstanding Residual Class Certificates of the Trust for Term Terms Assets representing the Specified Percentage of all Term terms Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified specified Percentage (subject to rounding as described above).

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts on Corporate Securities Trust, Series NSC CHR 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13June 9, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). [Complete the following for Exchange Dates before August 1, 2018] By delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust for Term Assets representing the Specified Percentage of all Term Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified Percentage (subject to rounding as described above).

Notice of Exchange. To: The Bank of New York, acting not in its individual capacity but as trustee (the "Trustee") of Receipts receipts on Corporate Securities Trust, Series NSC BNSF 1998-1 (the "Trust") created pursuant to the Series Supplement dated as of April 13, 1998 (the "Series Supplement") to the Base Trust Agreement dated as of August 28, 1997, as amended (together, the "Trust Agreement"). (Capitalized terms used and not defined herein have the meanings ascribed thereto in the Trust Agreement). By the delivery of this duly completed Notice of exchangeExchange, the undersigned registered holder of Amoritizing Amortizing Class Certificates and Residual Class Certificates Certficates of the Trust irrevocably exercises its option under, and subject to the terms and conditions of, Section 8 of the Series series Supplement to exchange (a) Amortizing Class Certificates evidencing the percentage specified below (the "Specified Percentage") (which shall not be less than 10%) of the Aggregate Certificate Principal Balance of all outstanding Amortizing Class Certificates of the Trust and (b) Residual Class Certificates evidencing the Specified Percentage of 10%)of the Aggregate Certificate Principal Balance of all outstanding Residual Class Certificates of the Trust trust for Term Terms Assets representing the Specified Percentage of all Term terms Assets held in the Trust (subject to rounding down to authorized denominations as provided in Section 8 of the Series Supplement). The undersigned irrevocably undertakes to deliver to the Trustee on the Exchange Date specified below the specified amount of Amortizing Class Certificates and Residual residual Class Certificates held of record by the undersigned in exchange for Term Assets in the Specified specified Percentage (subject Subject to rounding as described above).