Common use of Option to Purchase Additional Securities Clause in Contracts

Option to Purchase Additional Securities. The Trust has granted to the Initial Purchasers an option, exercisable not later than 30 calendar days after the date of the purchase agreement pursuant to which the Initial Purchasers are acquiring the Securities, to purchase up to 375,000 additional Securities at the initial offering price less the Initial Purchaser discount. The Trust will be obligated, pursuant to the option, to sell these additional Securities to the Initial Purchasers to the extent the option is exercised. After the initial offering of the Securities, the offering price and other selling terms may from time to time be varied by the Initial Purchasers. Initial Offering Price: The Securities will be offered at the initial offering price of $100.00 per Security. Proceeds, before expenses, to the Trust: $98.25 per Security. Quarterly Distribution Dates: March 1, 2018, and June 1, September 1, December 1, and March 1 of each year until the Scheduled Exchange Day. Quarterly Cash Distribution Amount: $1.2969 per Security (and $1.0951 per Security on March 1, 2018), subject to adjustment as described in the Preliminary Offering Circular.