Reconstitution Events. Section 2.11(a) is hereby deleted --------------------- in its entirety and replaced with the following: (a) If any class of Securities ceases to be outstanding as a result of a merger, consolidation, corporate combination or other event, and, as a result, securities which are not Underlying Securities or Additional Securities are received by the Trustee, the Trustee shall, if it has actual knowledge of such event, to the extent lawful and feasible and subject to Section 4.10, distribute any such securities which shall be received by the Trustee to the Owners in proportion to their ownership of Receipts. Effective on the date that such Securities cease to be outstanding, such class of Securities shall cease to be either Securities or Underlying Securities.
Appears in 6 contracts
Samples: Depositary Trust Agreement (B2b Internet Holdrssm Trust), Amendment No. 2 to the Standard Terms for Depositary Trust Agreements (Telecom Holdrs Trust), Amendment No. 2 to the Standard Terms for Depositary Trust Agreements (Pharmaceutical Holdrs Trust)
Reconstitution Events. Section 2.11(a) is hereby --------------------- deleted --------------------- in its entirety and replaced with the following:
(a) If any class of Securities ceases to be outstanding as a result of a merger, consolidation, corporate combination or other event, and, as a result, securities which are not Underlying Securities or Additional Securities are received by the Trustee, the Trustee shall, if it has actual knowledge of such event, to the extent lawful and feasible and subject to Section 4.10, distribute any such securities which shall be received by the Trustee to the Owners in proportion to their ownership of Receipts. Effective on the date that such Securities cease to be outstanding, such class of Securities shall cease to be either Securities or Underlying Securities.
Appears in 4 contracts
Samples: Amendment to the Standard Terms for Depositary Trust Agreements (Software Holdrs Trust), Amendment No. 2 to the Standard Terms for Depositary Trust Agreements (Regional Bank Holders Sm Trust), Depositary Trust Agreement (Broadband Holdrs Trust)
Reconstitution Events. Section 2.11(a) is hereby deleted --------------------- in its --------------------- entirety and replaced with the following:
(a) If any class of Securities ceases to be outstanding as a result of a merger, consolidation, corporate combination or other event, and, as a result, securities which are not Underlying Securities or Additional Securities are received by the Trustee, the Trustee shall, if it has actual knowledge of such event, to the extent lawful and feasible and subject to Section 4.10, distribute any such securities which shall be received by the Trustee to the Owners in proportion to their ownership of Receipts. Effective on the date that such Securities cease to be outstanding, such class of Securities shall cease to be either Securities or Underlying Securities.
Appears in 3 contracts
Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc), Amendment to the Standard Terms for Depositary Trust Agreements (Utilities Holders Sm Trust), Amendment to the Standard Terms for Depositary Trust Agreements (Internet Architecture Holdrssm Trust)
Reconstitution Events. Section 2.11(a) is hereby deleted in --------------------- in its entirety and replaced with the following:
(a) If any class of Securities ceases to be outstanding as a result of a merger, consolidation, corporate combination or other event, and, as a result, securities which are not Underlying Securities or Additional Securities are received by the Trustee, the Trustee shall, if it has actual knowledge of such event, to the extent lawful and feasible and subject to Section 4.10, distribute any such securities which shall be received by the Trustee to the Owners in proportion to their ownership of Receipts. Effective on the date that such Securities cease to be outstanding, such class of Securities shall cease to be either Securities or Underlying Securities.
Appears in 2 contracts
Samples: Depositary Trust Agreement (Internet Holdrs Trust), Depositary Trust Agreement (Internet Infrastructure Holdrssm Trust)
Reconstitution Events. Section 2.11(a) is hereby --------------------- deleted --------------------- in its entirety and replaced with the following:
(a) If any class of Securities ceases to be outstanding as a result of a merger, consolidation, corporate combination or other event, and, as a result, securities which are not Underlying Securities or Additional Securities are received by the Trustee, the Trustee shall, if it has actual knowledge of such event, to the extent lawful and feasible and subject to Section 4.10, distribute any such securities which shall be received by the Trustee to the Owners in proportion to their ownership of Receipts. Effective on the date that such Securities cease to be outstanding, such class of Securities shall cease to be either Securities or Underlying SecuritiesSecurities .
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