Form of Trust Clause Samples
The 'Form of Trust' clause defines the specific legal structure and documentation that establishes the trust relationship between parties. It typically outlines the type of trust being created (such as revocable, irrevocable, or discretionary), the governing law, and the essential terms that must be included in the trust instrument. By clearly specifying the form and requirements of the trust, this clause ensures that all parties understand the legal framework in which the trust operates, thereby reducing ambiguity and potential disputes regarding the trust's validity or administration.
Form of Trust. Certificate Class A-1 -----------------------------------
Form of Trust. Certificate Class A-2 ----------------------------------- NUMBER [___] $[3,634,175] CUSIP NO. [_______] SEE REVERSE FOR CERTAIN DEFINITIONS UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. THIS CERTIFICATE REPRESENTS A PROPORTIONATE UNDIVIDED BENEFICIAL OWNERSHIP INTEREST IN THE TRUST AND DOES NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND IS NOT GUARANTEED BY THE DEPOSITOR OR THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE OR THE TRUST ASSETS ARE INSURED OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR ANY OTHER PERSON. LEHMAN ABS CORPORATION CORPORATE BACKED TRUST CER▇▇▇▇▇▇TES, SERIES 2001-6 $[3,634,175] PRINCIPAL AMOUNT evidencing a proportionate undivided beneficial ownership interest in the Trust, as defined below, the property of which consists principally of $[_______] aggregate principal amount of 8.30% Notes due December 15, 2029 (the "8.30% Underlying Securities") and $[_______] aggregate principal amount of 9.75% Debentures due May 15, 2021 (the "9.75% Underlying Securities" and, together with the 8.30% Underlying Securities, the "Underlying Securities"), issued by Delta Air Lines, Inc. (the "Underlying Securities Issuer") and all payments received thereon (the "Trust Property"), deposited in trust by Lehman ABS Corporation (the "Depositor"). THIS CERTIF▇▇▇ ▇▇AT [_______] is the registered owner of $[_______] DOLLARS nonassessable, fully-paid, proportionate undivided beneficial ownership interest in the Corporate Backed Trust Certificates, Series 2001-6 Trust, formed by the Depositor. The Trust was created pursuant to a Standard Terms for Trust Agreements, dated as of January 16, 2001 (the "Standard Terms"), between the Depositor and U.S. Bank Trust National Association, a national banking association, not in its individual capacity but solely as Trustee (the "Trustee"), as supplemented by the Series Supplement, Series 2001-6, ...
Form of Trust. Certificate A-1 EXHIBIT B Form of Certificate of Trust of Premier .......................................................
Form of Trust. PREFERRED SECURITIES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF TRUST PREFERRED SECURITIES