PUBLIC STEERS(R) SERIES 1998 MCIC-P1 TRUST
AMENDMENT NO. 1 TO THE
SERIES SUPPLEMENT
between
XXXXXXX XXXXX DEPOSITOR, INC.,
as Depositor,
and
UNITED STATES TRUST COMPANY OF NEW YORK,
as Trustee and as Securities Intermediary
Dated as of June 11, 1998
AMENDMENT NO. 1 dated as of June 11, 1998 by and between
XXXXXXX XXXXX DEPOSITOR, INC. (the "Depositor") and THE UNITED STATES TRUST
COMPANY OF NEW YORK, as trustee (the "Trustee") and as securities intermediary
(the "Securities Intermediary") of the PUBLIC STEERS(R) SERIES 1998 MCIC-P1
TRUST (the "Trust"), pursuant to which the Depositor and the Trustee and
Securities Intermediary agree to amend the terms of the Trust Agreement,
consisting of the Standard Terms for Trust Agreements dated as of February 20,
1998 by and between the Depositor and the Trustee and Securities Intermediary
(the "Standard Terms"), as amended and supplemented by the Series Supplement
dated as of April 8, 1998 by and between the Depositor and the Trustee and
Securities Intermediary (the "Series Supplement" and, together with the Standard
Terms, the "Trust Agreement"). In accordance with Section 11.01 of the Standard
Terms and Section 15 of the Series Supplement, the Depositor and the Trustee and
Securities Intermediary hereby amend the terms of the Trust Agreement as
follows:
1) The definition of "Collection Period" in Section 2 of the
Series Supplement is hereby deleted in its entirety and replaced to
read as follows:
"Collection Period": (i) With respect to each June 15
Distribution Date, the period beginning on the day after the
December 15 Distribution Date of the previous year and ending
on such June 15 Distribution Date, inclusive, except for the
June 15, 1998 Distribution Date, as to which the Collection
Period shall be the period beginning on the day after the
Cut-off Date and ending on such June 15, 1998 Distribution
Date, inclusive, and (ii) with respect to each December 15
Distribution Date, the period beginning on the day after the
June 15 Distribution Date of that year and ending on such
December 15 Distribution Date, inclusive; provided, however,
that clauses (i) and (ii) shall be subject to Section 9(c)
hereof.
2
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment No. 1 to be duly executed by their respective authorized officers as
of the date first written above.
Xxxxxxx Xxxxx Depositor, Inc.,
as Depositor
By: /S/ XXXXX X. XXXXXXXXXXX
-------------------------------------
Name: Xxxxx X. Xxxxxxxxxxx
Title: Secretary
United States Trust Company of New York,
as Trustee
By: /S/ XXXXXX X. XXXXXXX
-------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
United States Trust Company of New York,
as Securities Intermediary
By: /S/ XXXXXX X. XXXXXXX
-------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
