Common use of CUSTODIAL ARRANGEMENT Clause in Contracts

CUSTODIAL ARRANGEMENT. Concurrent with the closing of the offering of the Units under the Underwriting Agreement, the Agent shall have entered into the Custodial Agreement with the Custodian to which the Treasury Strips acquired by the Holders, which are described on Schedule 1 hereto, are to be delivered. On the date of execution and delivery of this Agreement, Credit Suisse First Boston Corporation (on behalf of itself and the other underwriters named in the Underwriting Agreement ) shall have acquired the Treasury Strips, shall have sold the Treasury Strips to the Holders, and shall have delivered the Treasury Strips to the Custodian in accordance with the Custodial Agreement. For greater certainty, by agreeing to subscribe for a Unit, each Holder shall be considered to have agreed to purchase Treasury Strips from the underwriters named in the Underwriting Agreement. The Agent shall cause the Custodian or its nominee to be the holder of security entitlements with regard to such Treasury Strips on the records of the Federal Reserve Bank of New York for and on behalf of the Holders of Units. The Agent acknowledges that each Unit shall evidence in part the applicable Holder's ownership of that Holder's Treasury Strips and that Holder's pro rata portion of Treasury Strips maturing on August 15, 2002 delivered to and held by the Custodian under the Custodial Agreement.

CUSTODIAL ARRANGEMENT. Concurrent Concurrently with the initial closing of the offering of the Units under the Underwriting Agreement, the Purchase Contract Agent shall have entered into the Custodial Agreement with the Custodian to which the Treasury Strips acquired by the Holders, which are described on in Schedule 1 heretoof the Custodial Agreement, are to be delivered. On the date of execution and delivery of this Agreement, Credit Suisse First Boston Corporation ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC (on behalf of itself and the other underwriters named in the Underwriting Agreement Agreement) shall have acquired the Treasury Strips, shall have sold the Treasury Strips to the Holders, and shall have delivered the Treasury Strips to the Custodian in accordance with the Custodial Agreement. In connection with any exercise by the Underwriters of their option to purchase additional Purchase Contracts pursuant to Section 2(b) of the Underwriting Agreement, ▇▇▇▇▇▇▇ Sachs & Co. LLC (on behalf of itself and the other underwriters named in the Underwriting Agreement) will acquire additional zero-coupon United States Treasury securities with the maturity dates specified on Schedule 1 of the Custodial Agreement and in the face amounts necessary to create a number of additional Units corresponding to the number of Purchase Contracts with respect to which such option has been exercised, and will sell such zero-coupon United States Treasury securities to the Holders, and will deliver such zero-coupon United States Treasury securities to the Custodian in accordance with the Custodial Agreement. For greater certainty, by agreeing to subscribe for a Unit, each Holder shall be considered to have agreed to purchase Treasury Strips from the underwriters named in the Underwriting Agreement. The Agent shall cause the Custodian or its nominee to shall be the holder of security entitlements with regard to such Treasury Strips on the records of the Federal Reserve Bank of New York for and on behalf of the Holders of Units. The Agent acknowledges that each Each Unit shall evidence in part the applicable Holder's ’s ownership of that Holder's ’s Treasury Strips and that Holder's pro rata portion of Treasury Strips maturing on August 15, 2002 delivered to and held by the Custodian under the Custodial AgreementComponent.