Common use of Amendment of Trust Agreement Clause in Contracts

Amendment of Trust Agreement. The Units are currently subject to Call Options and Call Rights granted in favor of the Warrantholders. Notwithstanding any other provision of this Trust Agreement, the Depositor and Trustee may agree to amend and restate this Trust Agreement from time to time regarding the Warrants, without the consent of the Warrantholders, to provide that Warrantholders shall be entitled to call and receive directly the underlying Trust Property corresponding to the Units that would have been redeemed following an exercise of Warrants, and not to call the Units. For the avoidance of doubt, such amendment shall not affect the Call Price. Similarly, nothing in the above should be understood as exempting such amendment from the application of Section 12.01(d) of the Standard Terms for Trust Agreements.

Appears in 4 contracts

Samples: Trust Agreement (MS Structured SATURNS Series 2007-1), Trust Agreement (MS Structured SATURNS Series 2006-2), Trust Agreement (MS Structured SATURNS Series 2006-1)

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