Selection of Called Underlying Securities in the event of a Call in Connection with a Partial Redemption. If a Warrant Holder exercises Call Warrants in connection with a partial redemption of the Underlying Securities, the Trustee shall, to the extent possible, select Called Underlying Securities for transfer to the Warrant Holder that have been selected by the Underlying Issuer for redemption. If more than one Warrant Holder exercises Call Warrants in such circumstances, such Called Underlying Securities that have been selected for redemption shall be allocated among such Warrant Holders in proportion to the number of Call Warrants exercised by each.
Appears in 2 contracts
Samples: Warrant Agent Agreement (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1), Strats(sm) Certificates Series Supplement 2007 1 (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1)
Selection of Called Underlying Securities in the event of a Call in Connection with a Partial Redemption. If a Warrant Holder Warrantholder exercises Call Warrants in connection with a partial redemption of the Underlying Securities, the Trustee shall, to the extent possible, select Called Underlying Securities for transfer to the Warrant Holder Warrantholder that have been selected by the Underlying Issuer for redemption. If more than one Warrant Holder Warrantholder exercises Call Warrants in such circumstances, such Called Underlying Securities that have been selected for redemption shall be allocated among such Warrant Holders Warrantholders in proportion to the number of Call Warrants exercised by each.
Appears in 1 contract
Samples: Stratssm Certificates Series Supplement (Synthetic Fixed Income Securities Inc)
Selection of Called Underlying Securities in the event of a Call in Connection with a Partial Redemption. If a Warrant Holder Warrantholder exercises Call Warrants in connection with a partial redemption of the Underlying Securities, the Trustee shall, to the extent possible, select Called Underlying Securities for transfer to the Warrant Holder Warrantholder that have been selected by the Underlying Securities Issuer for redemption. If more than one Warrant Holder Warrantholder exercises Call Warrants in such circumstances, such Called Underlying Securities that have been selected for redemption shall be allocated among such Warrant Holders Warrantholders in proportion to the number of Call Warrants exercised by each.
Appears in 1 contract
Samples: Trust Agreement (Fixed Income Client Solutions LLC)
