Common use of Transfer and Exchange of Call Warrants Clause in Contracts

Transfer and Exchange of Call Warrants. (a) No Call Warrant or any beneficial interest therein may be offered, resold, assigned or otherwise transferred (including by pledge or hypothecation) unless such offer, resale, assignment or transfer is to a qualified institutional buyer (a "QIB"), as such term is defined in Rule 144A promulgated under the Securities Act ("Rule 144A"), in accordance with Rule 144A, and in accordance with any applicable securities laws of any state of the United States and other jurisdictions. In addition, each Call Warrant relating to a Class A-2 Certificate may only be transferred with other Call Warrants relating to Class A-2 Certificates, which together represent the right to call Class A-2 Certificates having an aggregate principal balance equal to, or greater than, $100,000. Prior to any offer, resale, assignment or transfer of any Certificated Call Warrant, the prospective transferee and the prospective transferor shall be required to deliver to the Trustee an executed copy of an Investment Letter with respect to the Certificated Call Warrants to be transferred substantially in the form of Exhibit A hereto. Each prospective transferee of any Certificated Call Warrants shall acknowledge, represent and agree (and each prospective transferee of any beneficial interest in a Global Call Warrant shall be deemed to acknowledge, represent and agree) as follows:

Appears in 4 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Bellsouth Debt- Backed Ser 2003-14), Warrant Agent Agreement (Lehman Abs Corp Sprint Capital Back Ser 2003 17 Class a 1), Warrant Agent Agreement (Lehman Abs Corp Sprint Capital Back Ser 2003 17 Class a 1)

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