Common use of Surrender of Receipts and Withdrawal of Underlying Securities Clause in Contracts

Surrender of Receipts and Withdrawal of Underlying Securities. (a) Upon Surrender at the Corporate Trust Office of the Trustee of a Round Lot of Receipts or integral multiple thereof for the purpose of withdrawal of the Underlying Securities represented thereby, and upon payment of the fee of the Trustee in connection with the Surrender of Receipts as provided in Section 5.6 and payment of all taxes and charges payable in connection with such Surrender and withdrawal of the Underlying Securities, and subject to the terms and conditions of the applicable Depositary Trust Agreement, including, without limitation, Section 4.10, the Owner of such Receipts shall be entitled to Delivery of the amount of Underlying Securities at the time represented by such Receipts. Delivery of such Underlying Securities may be made by (i) Delivery of Securities to such Owner or as ordered by such Owner and (ii) any available form of delivery of any other securities, property and cash to which such Owner is then entitled to such Owner or as ordered by such Owner. The Trustee shall make such delivery as promptly as practicable.

Appears in 3 contracts

Samples: Trust Agreement (Salomon Smith Barney Inc /Ny/), Trust Agreement (Structured Products Corp), Trust Agreement (Salomon Smith Barney Inc /Ny/)

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Surrender of Receipts and Withdrawal of Underlying Securities. (a) Upon Surrender at the Corporate Trust Office office of the Trustee during the Trustee's regular business hours of a Round Lot of Receipts or integral multiple thereof for the purpose of withdrawal of the Underlying Securities represented thereby, and upon payment of the fee of the Trustee in connection with the Surrender of Receipts as provided in Section 5.6 and payment of all taxes and charges payable in connection with such Surrender and withdrawal of the Underlying Securities, and subject to the terms and conditions of the applicable Depositary Trust Agreement, including, without limitation, Section 4.10, the Owner of such Receipts shall be entitled to Delivery of the amount of Underlying Securities at the time represented by such Receipts. Delivery of such Underlying Securities may be made by (i) Delivery of Securities to such Owner or as ordered by such Owner and (ii) any available form of delivery of any other securities, property and cash to which such Owner is then entitled to such Owner or as ordered by such Owner. The Trustee shall make such delivery as promptly as practicable.

Appears in 3 contracts

Samples: Trust Agreement (Epoch Securities Inc), Trust Agreement (Epoch Securities Inc), Trust Agreement (Epoch Securities Inc)

Surrender of Receipts and Withdrawal of Underlying Securities. (a) Upon Surrender at the Corporate Trust Office of the Trustee of a Round Lot of Receipts or integral multiple thereof Receipt for the purpose of withdrawal of the amount of Underlying Securities represented thereby, and upon payment of the fee of the Trustee in connection with the Surrender of Receipts as provided in Section 5.6 and payment of all taxes and charges payable in connection with such Surrender and withdrawal of the Underlying Securities, and subject to the terms and conditions of the applicable Depositary Trust Agreement, including, without limitation, Section 4.10, the Owner of such Receipts shall be entitled to Delivery of the amount of Underlying Securities at the time represented by such Receipts. Delivery of such Underlying Securities may be made by (i) Delivery of Securities to such Owner or as ordered by such Owner and (ii) any available form of delivery of any other securities, property and cash to which such Owner is then entitled to such Owner or as ordered by such Owner. The Trustee shall make such delivery as promptly as practicable.

Appears in 2 contracts

Samples: Depositary Trust Agreement (Sig Indices LLLP), Depositary Trust Agreement (Sig Indices LLLP)

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Surrender of Receipts and Withdrawal of Underlying Securities. (a) Upon Surrender at the Corporate Trust Office office of the Trustee during the Trustee's regular business hours of a Round Lot of Receipts or integral multiple thereof for the purpose of withdrawal of the Underlying Securities represented thereby, and upon payment of the fee of the Trustee in connection with the Surrender of Receipts as provided in Section 5.6 and payment of all taxes and governmental charges payable in connection with such Surrender and withdrawal and delivery of the Underlying Securities, and subject to the terms and conditions of the applicable Depositary Trust Agreement, including, without limitation, Section 4.10, the Owner of such Receipts shall be entitled to Delivery of the amount of Underlying Securities at the time represented by such Receipts. Delivery of such Underlying Securities may be made by (i) Delivery of Securities to such Owner or as ordered by such Owner and (ii) any available form of delivery of any other securities, property and cash to which such Owner is then entitled to such Owner or as ordered by such Owner. The Trustee shall make such delivery as promptly as practicable.

Appears in 1 contract

Samples: Trust Agreement (Cantor Fitzgerald & Co)

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