Common use of Alternative Exercise Clause in Contracts

Alternative Exercise. Notwithstanding any other provision of this Trust Agreement, in connection with any exercise of Warrants, if the Warrantholder beneficially owns Class B Units on the date of such exercise, the portion of the Warrant exercise equal to an amount corresponding to the amount of the Class B Units the Warrantholder beneficially owns shall be designated as an "

Appears in 6 contracts

Samples: Trust Agreement (MS Structured Saturns Series 2005-2), Trust Agreement (MS Structured Saturns Series 2004-7), Trust Agreement (MS Structured Asset Corp Saturns Trust Number 2004-6)

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