Call Warrant. (a) The Trust Property of the Trust created hereby does not include the Call Warrant. The transfer and exchange of the Call Warrant shall be administered by the Trustee on behalf of the Depositor. (b) The Call Warrant will be uncertificated and shall be as described in Schedule II attached hereto. The Call Warrant will be retained by the Depositor and may be transferred by the Depositor or a Warrantholder to another party in accordance with the provisions of Section 11 hereof at the sole option of the Depositor or the Warrantholder, as applicable, without the consent of the Certificateholders or any other party. The beneficial ownership interest in the Call Warrant will be recorded on the records of the Trustee. Notwithstanding any other provision of this Trust Agreement, the Trustee shall not agree to any amendment or modification of this Trust Agreement (including the Standard Terms) which would adversely affect in any material respect the holder of a Call Warrant without the consent of such Warrantholder.
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Sources: Series Supplement (Southpoint Structured Assets Inc), Series Supplement (Southpoint Structured Assets Inc), Series Supplement (Southpoint Structured Assets Inc)