Common use of Delivery of a Call Notice does Clause in Contracts

Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant Xxxxxx's right to deliver a Call Notice at a later date. The Call Price for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or redemption by the Trust pursuant to Section 5(h)(iii) and Section 7(g)(iii), as applicable, of the Series Supplement.

Appears in 2 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Duke Capital Note Backed Series 2003-3), Warrant Agent Agreement (Lehman Abs Corp Duke Capital Note Backed Series 2003-3)

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Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with wixx a Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant XxxxxxHolder's right to deliver a Call Notice at a later date. The Call Thx Xxxx Price for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or a redemption by the Trust pursuant to Section 5(h)(iii7(g)(iii) and or Section 7(g)(iii7(h)(iii), as applicable, of the Series Supplement.

Appears in 2 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Kraft Foods Note Backed Series 2003-11), Warrant Agent Agreement (Lehman Abs Corp Kraft Foods Note Backed Series 2003-11)

Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a wixx x Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant XxxxxxHolder's right to deliver a Call Notice at a later date. The Call Thx Xxxx Price for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or a redemption by the Trust pursuant to Section 5(h)(iii7(g)(iii) and or Section 7(g)(iii7(h)(iii), as applicable, of the Series Supplement.

Appears in 2 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Cna Financial Debenture Back Ser 03 10), Warrant Agent Agreement (Lehman Abs Corp Cna Financial Debenture Back Ser 03 10)

Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant XxxxxxHolder's right to deliver a Call Notice at a later date. The Call Price for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or a redemption by the Trust pursuant to Section 5(h)(iii7(g)(iii) and or Section 7(g)(iii7(h)(iii), as applicable, of the Series Supplement.

Appears in 1 contract

Samples: Warrant Agent Agreement (Lehman Abs Corp At&t Note Backed Series 2004 2 Class a 1)

Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant XxxxxxHolder's right to deliver a Call Notice at a later date. The Call Price Caxx Xxxce for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or a redemption by the Trust pursuant to Section 5(h)(iii7(g)(iii) and or Section 7(g)(iii7(h)(iii), as applicable, of the Series Supplement.

Appears in 1 contract

Samples: Warrant Agent Agreement (Lehman Abs Corp Goldman Sachs Note-Bk Ser 2003-12)

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Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a witx x Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant XxxxxxHolder's right to deliver a Call Notice at a later date. The Call Xxxx Price for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or a redemption by the Trust pursuant to Section 5(h)(iii7(g)(iii) and or Section 7(g)(iii7(h)(iii), as applicable, of the Series Supplement.

Appears in 1 contract

Samples: Warrant Agent Agreement (Lehman Abs Corp At&t Note Backed Series 2004 2 Class a 1)

Delivery of a Call Notice does. not give rise to an obligation on the part of the Warrant Holder to pay the Call Price. If, by 10:00 a.m. (New York City time) on the Call Date, the Warrant Holder has not paid the Call Price, except in connection with a Call Notice relating to a tender offer for or redemption of Underlying Securities, then the Call Notice shall automatically expire and none of the Warrant Holder, the Warrant Agent or the Trustee shall have any obligation with respect to the Call Notice. The expiration of a Call Notice shall in no way affect the Warrant XxxxxxHolder's right to deliver a Call Notice at a later date. The Call Price Xxxxx for a call in connection with a tender offer or redemption shall be deducted from the proceeds of a tender offer or a redemption by the Trust pursuant to Section 5(h)(iii7(g)(iii) and or Section 7(g)(iii7(h)(iii), as applicable, of the Series Supplement.

Appears in 1 contract

Samples: Warrant Agent Agreement (Lehman Abs Corp Goldman Sachs Note-Bk Ser 2003-12)

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