Common use of Optional Exchange Clause in Contracts

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates (other than the Depositox), xx ix xxxds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 20 contracts

Samples: Market Agent Agreement (PPLUS Trust Series RRD-1), Market Agent Agreement (Pplus Trust Series PMC-1), Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series Gec 1)

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Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates (other than the DepositoxDepositor), xx ix xxxds xx xxxxx Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 11 contracts

Samples: Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series Val 1), Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series DCC 1), Market Agent Agreement (PPLUS Trust Series RRD-1)

Optional Exchange. (a) Merrill Lynch Xxxxxxx Xxxxx & Co. or any of its Affiliates (other than the DepositoxDepositor), xx ix xxxds if it holds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 5 contracts

Samples: Series Supplement (PPLUS Trust Series EQ-1), Series Supplement (PPLUS Trust Series EQ-1), Market Agent Agreement (PPlus Trust Series LMG-4)

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates (other than the DepositoxDepositor), xx ix xxxds xx hxxxx Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 2 contracts

Samples: PPlus Trust Series GSC-4, PPlus Trust Series LTD-1

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates xxx xx xxx Xffiliates (other than the DepositoxDepositor), xx ix xxxds if it holds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 2 contracts

Samples: Market Agent Agreement (PPLUS Trust Series LMG-3), Market Agent Agreement (PPLUS Trust Series LMG-3)

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates (other than the DepositoxDepositor), xx ix xxxds xt xxxxs Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 1 contract

Samples: Merrill Lynch Depositor Inc Pplus Trust Series GSG 1

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates xxx xx ixx Xxfiliates (other than the DepositoxDepositor), xx ix xxxds if it holds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 1 contract

Samples: Merrill Lynch Depositor Inc Pplus Trust Series TWC-1

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Optional Exchange. (a) 1.4 Merrill Lynch & Co. or any of its Affiliates (other than the DepositoxDepositor), xx ix xxxds xt xxxxs Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 1 contract

Samples: Market Agent Agreement (PPlus Trust Series GSC-4)

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates (other than the DepositoxDeposixxx), xf xx ix xxxds xolds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 1 contract

Samples: Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Series Gec 1)

Optional Exchange. (a) Merrill Lynch & Co. or any of its xx xxy xx xts Affiliates (other than the DepositoxDepositor), xx ix xxxds if it holds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 1 contract

Samples: Merrill Lynch Depositor Inc Preferredplus Trust Series Ver-1

Optional Exchange. (a) Merrill Lynch & Co. or any of its Affiliates (other than the DepositoxDepositxx), xx ix xxxds xx xxlds Certificates, or any other (i) Person or (ii) group of Affiliated Persons (in each case other than the Depositor) holding Class A Certificates with an aggregate stated amount of $5 million or more and an equal aggregate notional principal amount of Class B Certificates, all acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights held by it, (provided that, in the case of a group of Affiliated Persons, no single Affiliated Person holds Class A Certificates with an aggregate stated amount of less than $500,000 and Class B Certificates with a notional principal amount of less than $500,000 acquired pursuant to the exercise of Class A Call Rights or Class B Call Rights, as applicable, held by it) may notify the Trustee, not less than 30 days but not more than 60 days prior to any Optional Exchange Date, that:

Appears in 1 contract

Samples: Market Agent Agreement (PPlus Trust Series LTD-1)

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