Sale of Underlying Securities. In the event of a sale of the Underlying Securities pursuant to Section 5(d) hereof, the Liquidation Proceeds, if any, shall be deposited into the Certificate Account for distribution to the Class A-1 and Class A-2 Certificateholders pursuant to Section 5(a). The Trustee shall only deliver the Underlying Securities to the purchaser of such Underlying Securities against payment in same day funds deposited into the Certificate Account.
Sale of Underlying Securities. 16 SECTION 14. AMENDMENTS.................................................................................17 SECTION 15. VOTING OF UNDERLYING SECURITIES, MODIFICATION OF INDENTURE.................................................................................15 SCHEDULE I SERIES 2002-1 UNDERLYING SECURITIES SCHEDULE EXHIBIT A-1 FORM OF TRUST CERTIFICATE CLASS A-1 SERIES SUPPLEMENT TRUST CERTIFICATES (TRUCs) TRUCs Series 2002-1 TRUST SERIES SUPPLEMENT, Series 2002-1, dated as of March 28, 2002 (the "Series Supplement"), by and between BEAR STEARNS DEPOSITOR INC., as Depositor (the "Depositor"), and U.S. BAXX XXXXT NATIONAL ASSOCIATION, as Trustee (the "Trustee").
Sale of Underlying Securities. 17 Section 14. Amendments......................................................17 Section 15. Voting of Underlying Securities, Modification of Indenture......17 SCHEDULE I SERIES 2001-5 UNDERLYING SECURITIES SCHEDULE SCHEDULE II CLASS A-2 CERTIFICATE CALL SCHEDULE EXHIBIT A-1 FORM OF TRUST CERTIFICATE CLASS A-1 EXHIBIT A-2 FORM OF TRUST CERTIFICATE CLASS A-2 SERIES SUPPLEMENT CORPORATE BACKED TRUST CERTIFICATES Series 2001-5 TRUST SERIES SUPPLEMENT, Series 2001-5, dated as of February 2, 2001 (the "Series Supplement"), by and between LEHMAN ABS CORPORATION, as Depositor (the "Depositor"), and U.S. BANK XXXXX NATIONAL ASSOCIATION, as Trustee (the "Trustee").
Sale of Underlying Securities. 19 Section 16. Amendments.....................................................19 Section 17. Voting of Underlying Securities, Modification of Underlying Securities Indenture, Modification of Swap Agreement.................................................20
Sale of Underlying Securities. 16 Section 14. Amendments.....................................................16
Sale of Underlying Securities. In the event of a sale of the Underlying Securities pursuant to Section 5(c) hereof or pursuant to the instructions of the Warrant Agent under Section 1.2 of the Warrant Agent Agreement, the Trustee shall solicit bids for the sale of the Underlying Securities with settlement thereof on or before the third Business Day after such sale from three leading dealers in the relevant market. Any of the following dealers (or their successors) shall be deemed to qualify as leading dealers: (1) Credit Suisse First Boston Corporation, (2) Goldman, Sachs & Co., (3) Merrilx Xxxxx, Xxxxxe, Fenner & Xxxxx Xxxxxxxraxxx, (4) XXX Xarbxxx XLC, (5) Salomon Smith Barney Inc., and (0) xxxxxx xx txx xxxe of a sale related to the exercise of Call Warrants by the Depositor or any Affiliate thereof, Lehman Brothers Inc. The Trustee xxxxx not be responsible for the failure to obtain a bid so long as it has made reasonable efforts to obtain bids. If a bid for the sale of the Underlying Securities has been accepted by the Trustee but the sale has failed to settle on the proposed settlement date, the Trustee shall request new bids from such leading dealers. 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.
Sale of Underlying Securities. In connection with any sale of the Underlying Securities by the Selling Agent pursuant to the terms hereof, if a Warrantholder is not an affiliate of the Selling Agent, the Selling Agent will extend a right of first refusal to each such Warrantholder to purchase the Underlying Securities at the highest bid received by the Selling Agent. If more than one Warrantholder exercises such right of first refusal, Underlying Securities will be sold to each exercising Warrantholder in proportion to the number of Warrants held by such Warrantholder; provided, that if only one Warrantholder exercises such right of first refusal, such Warrantholder shall be entitled to purchase any or all of the Underlying Securities to be sold by the Selling Agent.
Sale of Underlying Securities. In the event of the occurrence of (i) a payment default on the Underlying Securities or (ii) an acceleration of the date of maturity of the Underlying Securities, the Trustee, upon receiving notice of such payment default or acceleration of the maturity of the Underlying Securities shall immediately direct the Market Agent to sell the Underlying Securities in accordance with the Sales Procedures. The settlement of the liquidation of the Underlying Securities shall occur promptly after the date of receipt of such notice by the Trustee, and the Liquidation Proceeds, if any, shall be deposited into the Certificate Account for distribution to the Class [___] and Class [___] Certificateholders in accordance with the Allocation Ratio. The Trustee shall only deliver the Underlying Securities to the purchaser of such Underlying Securities against payment in same day funds deposited into the Certificate Account.
Sale of Underlying Securities. If the Swap Counterparty is not an affiliate of the Selling Agent, the Selling Agent will extend a right of first refusal to each Swap Counterparty to purchase the Underlying Securities at the highest bid received by the Selling Agent. If more than one Swap Counterparty exercises such right of first refusal, Underlying Securities will be sold to each exercising Swap Counterparty in proportion to the number of options held by such Swap Counterparty; provided, that if only one Swap Counterparty exercises such right of first refusal, such Swap Counterparty shall be entitled to purchase all of the Underlying Securities to be sold by the Selling Agent. If cash settlement applies and if the Swap Counterparty exercises any of its call rights other than in connection with a self-tender for the Underlying Securities by the Underlying Security Issuer (or extent thereof in the event of an exercise of call rights in excess of the amount to be redeemed), a number of Underlying Securities corresponding to the number of call rights exercised by the Swap Counterparty will be sold by the Selling Agent on behalf of the Trust. If the Selling Agent cannot obtain a bid for the Underlying Securities in excess of the amount specified in the Swap Agreement, then the Underlying Securities will not be sold, the Swap Counterparty's exercise, will be rescinded (and the Swap Counterparty shall be entitled to exercise such call rights in the future) and any related Trust Wind-Up Event will be deemed not to have occurred. Selling Agent: Morgan Stanley & Co. Incorporated.
Sale of Underlying Securities. 15 Section 14. Amendments......................................................15 Section 15.Voting of Underlying Securities, Modification of Indenture.......16 XXXXXXXE I SERIES 2001-1 UNDERLYING SECURITIES SCHEDULE EXHIBIT A STANDARD TERMS FOR TRUST AGREEMENTS EXHIBIT B-1 FORM OF TRUST CERTIFICATE CLASS A-1 EXHIBIT B-2 FORM OF TRUST CERTIFICATE CLASS A-2 SERIES SUPPLEMENT CORPORATE BACKED TRUST CERTIFICATES Series 2001-1 TRUST SERIES SUPPLEMENT, Series 2001-1, dated as of January 16, 2001 (the "Series Supplement"), by and between LEHMAN ABS CORPORATION, as Depositor (the "Depositor"), and U.S. BANK TRXXX XXTIONAL ASSOCIATION, as Trustee (the "Trustee").
