Underlying Security Sample Clauses

Underlying Security. The multiplier for the new Underlying Security shall equal the product of the last value of the Multiplier with respect to the original Underlying Security and the number of shares of the new Underlying Security with respect to one share of the original Underlying Security.

Underlying Security. 5 ------------------- Section 7. Termination Event............................................................................. 6 ----------------- Section 8. [Reserve Fund]................................................................................ 6 ------------ Section 9. Form of Trust Certificate..................................................................... 7 ------------------------- Section 10. Schedules..................................................................................... 7 --------- Section 11. Opinions...................................................................................... 7 --------

Underlying Security. The security subject to being purchased or sold upon exercise of the option contract.

Underlying Security. In the event that the Trustee receives a request from the Underlying Security Trustee or the Underlying Security for its consent to any amendment, modification or waiver of the Underlying Security, the Underlying Security Indenture or any other document thereunder or relating thereto, or receives any other solicitation for any action with respect to the Underlying Security, the Trustee shall mail a notice of such proposed amendment, modification, waiver or solicitation to each Certificateholder of record as of such date within fifteen (15) days of receipt thereof. The Trustee shall request instructions from the Certificateholders as to whether or not to consent to or vote to accept such amendment, modification, waiver or solicitation. The Trustee shall consent or vote only in accordance with the direction of the majority of the Voting Rights actually voted by the Certificateholders as of the date set forth in the notice distributed by the Trustee; provided, however, that, notwithstanding anything to the contrary, the Trustee shall at no time vote or consent to any matter (i) unless such vote or consent would not (based on an opinion of counsel) alter the status of the Trust as a grantor trust for federal income tax purposes, (ii) that would alter the timing or amount of any payment on the Underlying Security, including, without limitation, any demand to accelerate the Underlying Security, except in the event of an Underlying Security Event of Default or an event that with the passage of time would become an Underlying Security Event of Default, or (iii) that would result in the exchange or substitution of any of the outstanding Underlying Security pursuant to a plan for the refunding or refinancing of such Underlying Security except in the event of a default under the Underlying Security and only with the consent of Certificateholders representing 100% of the Voting Rights. The Trustee shall have no liability for any failure to act resulting from Certificateholders' late return of, or failure to return, directions requested by the Trustee from the Certificateholders.