Optional Exchange definition

Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

Optional Exchange means the exchange of Certificates of any Series (or Class within such Series) for a pro rata portion of the Deposited Assets of the related Trust.

Optional Exchange shall xxxx xhe exchange of the Certificates by the Trust pursuant to Section 7 hereof.

Examples of Optional Exchange in a sentence

• In the event of an Optional Exchange, the Trustee shall only deliver the Underlying Securities to the purchaser of such Underlying Securities or sell the Underlying Securities pursuant to this Section 13, as the case may be, against payment in same day funds deposited into the Certificate Account.

• Any tender by the Holder thereof for Optional Exchange shall be irrevocable.

• Unless otherwise provided in the applicable Supplement, the Optional Exchange option may be exercised pursuant to this Section 4.07 by the Holder of a Certificate for less than the aggregate Certificate Principal Balance or Notional Amount of such Certificate as long as the Certificate Principal Balance or Notional Amount remaining Outstanding after such Optional Exchange is an Authorized Denomination and all other requirements set forth in the related Supplement are satisfied.

• Any Call Holder that has properly provided notice of exercise to the Warrant Agent and has deposited the Call Price with the Escrow Agent may concurrently designate an Optional Exchange Date, and such Optional Exchange Date shall be specified in the notice of exercise, provided, however, that such Optional Exchange Date shall not occur prior to the applicable Call Date.

• Unless otherwise specified therein, such Call Notice shall be deemed to be notice of an Optional Exchange pursuant to Section 7(a) of the Series Supplement.

More Definitions of Optional Exchange

Optional Exchange shall have the meaning specified therefor in the Trust Agreement.

Optional Exchange. (“OE”) means a one-way trade by which a Flight Attendant accepts flying of another Flight Attendant.

Optional Exchange means the exchange of the Certificates held by any Certificateholder for a corresponding portion of the Underlying Securities in accordance with the Series Supplement.

Optional Exchange. An exchange of Certificates for the Underlying Securities in accordance with Section 5.12.

Optional Exchange. With respect to any Series (or Class within such Series), the exchange of the Certificates by the Trust for Underlying Securities pursuant to Section 4.06 hereof.

Optional Exchange. The exchange of Certificates of any Series (or Class within such Series) for a pro rata portion of the Deposited Assets of the related Trust.

Optional Exchange has the meaning set forth in Section 11.05(a).