Pro Rata Reduction of Call. Warrants if Partial Redemption of Underlying Securities. If Underlying Securities are redeemed in part by the Underlying Securities Issuer and the Warrant Holders do not exercise their Call Rights in connection with such partial redemption, the number of Call Warrants held by each Warrant Holder shall be reduced proportionately so that the aggregate amount of Class A-1 Certificates callable by Call Warrants shall equal the amount of outstanding Class A-1 Certificates after giving effect to such partial redemption and the aggregate notional amount of Class A-2 Certificates callable by Call Warrants shall equal the outstanding notional amount of Class A-2 Certificates after giving effect to such partial redemption. The Warrant Agent shall make such adjustments to its records as shall be necessary to reflect such reductions and shall notify each Warrant Holder of such adjustments.
Appears in 9 contracts
Samples: Series Supplement (Lehman Abs Corp Corporate Backed Trust Certs 2002-16), Series Supplement (Lehman Abs Corp Bellsouth Capital Fund Deb Bk Sers 2003-2), Series Supplement (Lehman Abs Corp Corporate Backed Trust Certs 2002-16)
Pro Rata Reduction of Call. Warrants if Partial Redemption of Underlying Securities. If Underlying Securities are redeemed in part by the Underlying Securities Issuer and the Warrant Holders do not exercise their Call Rights in connection with such partial redemption, the number of Call Warrants held by each Warrant Holder shall be reduced proportionately so that the aggregate amount of Class A-1 Certificates callable by Call Warrants shall equal the amount of outstanding Class A-1 Certificates after giving effect to such partial redemption and the aggregate notional amount Certificate Principal Balance of Class A-2 Certificates callable by Call Warrants shall equal the outstanding notional amount Certificate Principal Balance of Class A-2 Certificates after giving effect to such partial redemption. The Warrant Agent shall make such adjustments to its records as shall be necessary to reflect such reductions and shall notify each Warrant Holder of such adjustments.
Appears in 6 contracts
Samples: Series Supplement (Lehman Abs Corp Sears Roebuck Accep Note Back Ser 2003-1), Series Supplement (Lehman Abs Corp Sears Roebuck Accep Note Backed Ser 2003 5), Series Supplement (Lehman Abs Corp Ford Motor Co Note Backed Ser 2003-6)
Pro Rata Reduction of Call. Warrants if Partial Redemption of Underlying Securities. If Underlying Securities are redeemed in part by the Underlying Securities Issuer and the Warrant Holders do not exercise their Call Rights in connection with such partial redemption, the number of Call Warrants held by each Warrant Holder shall be reduced proportionately so that the aggregate amount of Class A-1 Certificates callable by Call Warrants shall equal the amount of outstanding Class A-1 Certificates after giving effect to such partial redemption and redemption, the aggregate notional amount of Class A-2 A-2A Certificates callable by Call Warrants shall equal the outstanding notional amount of Class A-2 A-2A Certificates after giving effect to such partial redemption and the aggregate notional amount of Class A-2B Certificates callable by Call Warrants shall equal the outstanding notional amount of Class A-2B Certificates after giving effect to such partial redemption. The Warrant Agent shall make such adjustments to its records as shall be necessary to reflect such reductions and shall notify each Warrant Holder of such adjustments.
Appears in 4 contracts
Samples: Corporate Backed Trust Certificates (HSBC Debenture Backed Series 2003-4), Series Supplement (Bristol Myers Squibb Debenture Backed Series 2002-18), Series Supplement (HSBC Debenture Backed Series 2003-4)
Pro Rata Reduction of Call. Warrants if Partial Redemption of Underlying Securities. If Underlying Securities are redeemed in part by the Underlying Securities Issuer and the Warrant Holders do not exercise their Call Rights in connection with such partial redemption, the number of Call Warrants held by each Warrant Holder shall be reduced proportionately so that the aggregate principal amount of Class A-1 Certificates callable by Call Warrants shall equal the amount Certificate Principal Balance of outstanding Class A-1 Certificates after giving effect to such partial redemption and the aggregate notional principal amount of Class A-2 Certificates callable by Call Warrants shall equal the outstanding notional amount Certificate Principal Balance of Class A-2 Certificates after giving effect to such partial redemption. The Warrant Agent shall make such adjustments to its records as shall be necessary to reflect such reductions and shall notify each Warrant Holder of such adjustments.
Appears in 2 contracts
Samples: Series Supplement (Lehman Abs Corp Duke Capital Note Backed Series 2003-3), Series Supplement (Lehman Abs Corp Duke Capital Note Backed Series 2003-3)
