Common use of Registration and Transfer of Ownership; Persons Treated as Owners Clause in Contracts

Registration and Transfer of Ownership; Persons Treated as Owners. (a) The Note Custodian shall maintain a Custody Receipts Register at the Note Custodian's Principal Office to provide for the registration of the Custody Receipts and the registration of transfers of such Custody Receipts entitled to be registered or transferred as herein provided. A copy of the Custody Receipts Register for each class of Custody Receipts shall be provided by the Note Custodian to the Depositor (or its designee), to a designated representative of Owners of Custody Receipts evidencing more than 25% of the Initial Custody Receipt Balance or of the Initial Aggregate Class [A-IO] Custody Receipt Notional Amount at the expense of and upon written request by the Depositor or such Owners, as the case may be. The Note Custodian shall maintain on the Custody Receipts Register, with respect to each such Custody Receipt, (i) the name, address and, unless not required to be maintained under applicable laws and regulations, United States taxpayer identification number of the Owner of such Custody Receipt, (ii) the registration number of such Custody Receipt and (iii) the Custody Receipt Balance or the Custody Receipt Notional Amount.

Appears in 2 contracts

Samples: Custody Agreement (Lehman Abs Corp), Agreement (Lehman Abs Corp)

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Registration and Transfer of Ownership; Persons Treated as Owners. (a) The Note Custodian shall maintain a Custody Receipts Register for the Custody Receipts at the Note Custodian's Principal Office to provide for the registration of the Custody Receipts and the registration of transfers of such the Custody Receipts entitled to be registered or transferred as herein provided. A copy of the The Custody Receipts Register for each class of Custody Receipts shall be provided may, at reasonable times and under reasonable regulations established by the Note Custodian to the Depositor Custodian, be inspected and copied by Financial Security (or its designee), to the Fund or by a designated representative of Owners of Custody Receipts evidencing more than 25% of the Initial Custody Receipt Balance or outstanding shares of the Initial Aggregate Class [A-IO] Custody Receipt Notional Amount at the expense of and upon written request by the Depositor or such Owners, as the case may bePreferred Stock. The Note Custodian shall maintain on the Custody Receipts Register, with respect to each such Custody Receipt, (i) the name, address and, unless not required to be maintained under applicable laws and regulations, United States taxpayer identification number of the Owner of such Custody Receipt, (ii) the registration number of such Custody Receipt and Receipt, (iii) the liquidation preference amount or amounts and registered number or numbers, if available, of the Preferred Stock evidenced by such Custody Receipt Balance and (iv) such other information as the Custodian may deem necessary or appropriate for the Custody Receipt Notional Amountperformance of its duties hereunder.

Appears in 2 contracts

Samples: Insurance Agreement (Prospect Street High Income Portfolio Inc), Prospect Street High Income Portfolio Inc

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