Optional Exchange definition

Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities, pursuant to Section 7 hereof.

Optional Exchange means the exchange of Certificates of any Series (or Class within such Series) for a pro rata portion of the Deposited Assets of the related Trust.

Examples of Optional Exchange in a sentence

• In the event of an Optional Exchange, the Trustee shall only deliver the Underlying Securities to the purchaser of such Underlying Securities or sell the Underlying Securities pursuant to this Section 13, as the case may be, against payment in same day funds deposited into the Certificate Account.

• If no Optional Exchange Date is specified in the Optional Exchange Notice, the Optional Exchange Date shall be deemed to be the fifth Business Day after the Optional Exchange Notice Date.

• As soon as practicable after each surrender of Warrants in whole or in part on the Call Date and upon satisfaction of all other requirements described in the Warrants and in Section 1.1 hereof, the Warrant Agent shall instruct the Trustee to confirm that the transfer specified under the "Callable Series" provisions of Schedule I has occurred and to cause a distribution of Trust Property to the Warrantholder as an Optional Exchange taking into account Section 1.1(i) above, if applicable.

• The Trustee shall not be obligated to determine whether an Optional Exchange complies with the applicable provisions for exemption under Rule 3a-7 of the Investment Company Act of 1940, as amended, or the rules or regulations promulgated thereunder.

• Such notice of the exercise of a Call Warrant shall be deemed to be notice of an Optional Exchange pursuant to Section 7(a) of the Series Supplement.

More Definitions of Optional Exchange

Optional Exchange shall xxxx xhe exchange of the Certificates by the Trust pursuant to Section 7 hereof.

Optional Exchange shall have the meaning specified therefor in the Trust Agreement.

Optional Exchange. (“OE”) means a one-way trade by which a Flight Attendant accepts flying of another Flight Attendant.

Optional Exchange. An exchange of Certificates for the Underlying Securities in accordance with Section 5.12.

Optional Exchange means the exchange of the Certificates held by any Certificateholder for a corresponding portion of the Underlying Securities in accordance with the Series Supplement.

Optional Exchange. With respect to any Series (or Class within such Series), the exchange of the Certificates by the Trust for Underlying Securities pursuant to Section 4.06 hereof.

Optional Exchange has the meaning set forth in Section 11.05(a).