Common use of Call Warrant Clause in Contracts

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 as initial Warrantholder or any successor thereto and the Trustee shall keep a written record of all such assignments. The Underlying Security shall be held by the Trustee for the benefit of the Warrantholder as well as the Certificateholders subject to such rights as the Certificateholders may have prior to the exercise of the Call Warrant. (b) The Call Warrant will be uncertificated and shall be as described in Schedule II attached hereto. The Call Warrant will be initially retained by the Depositor and may be transferred by the Depositor or any successor 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 the Call Warrant without the consent of such Warrantholder.

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 as initial Warrantholder or any successor thereto and the Trustee shall keep a written record of all such assignmentsDepositor. The Underlying Security shall be held by the Trustee for the benefit of the Warrantholder as well as the Certificateholders subject to such rights as the Certificateholders may have prior to the exercise of the Call Warrant. (b) The Call Warrant will be uncertificated and shall be as described in Schedule II attached hereto. The Call Warrant will be initially retained by the Depositor and may be transferred by the Depositor or any successor 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 the a Call Warrant without the consent of such Warrantholder.