Common use of Warrant Register; Ownership of Call Warrants Clause in Contracts

Warrant Register; Ownership of Call Warrants. The Warrant Agent will keep a register in which the Warrant Agent will provide for the registration of Call Warrants and the registration of transfers of Call Warrants representing numbers of Call Warrants. Prior to due presentment of a Call Warrant for registration of transfer, the Depositor, the Trustee, the Warrant Agent and any agent of the Depositor, the Trustee or the Warrant Agent may treat the Person in whose name any Call Warrant is registered as the owner of such Call Warrant for any purposes whatsoever, and none of the Depositor, the Trustee, the Warrant Agent or any agent of the Depositor, the Trustee or the Warrant Agent shall be affected by notice to the contrary. None of the Depositor, the Trustee, the Warrant Agent or any agent of the Depositor, the Trustee or the Warrant Agent shall have any responsibility or liability for any aspect of the records relating to, or payments made on account of, beneficial ownership interests of a Global Call Warrant or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. Notwithstanding the foregoing, with respect to any Global Call Warrant, nothing herein shall prevent the Depositor, the Trustee, the Warrant Agent or any agent of the Depositor, the Trustee or the Warrant Agent from giving effect to any written certification, proxy or other authorization furnished by any Depository, as a Warrant Holder, with respect to such Global Call Warrant or impair, as between such Depository and owners of beneficial interests in such Global Call Warrant, the operation of customary practices governing the exercise of the rights of such Depository (or its nominee) as Warrant Holder of such Global Call Warrant.

Appears in 29 contracts

Samples: Warrant Agent Agreement (Lehman Abs Corp Kraft Foods Note Backed Series 2003-11), Warrant Agent Agreement (Lehman Abs Corp Daimlerchrysler Debenture-Backed Ser 2004 3), Warrant Agent Agreement (Lehman Abs Corp Goldman Sachs Note-Bk Ser 2003-12)

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