Supplement to Series Supplement, Series 2001-15 between Lehman ABS Corporation and U.S. Bank Trust National Association
Summary
This agreement is a supplement dated June 7, 2001, between Lehman ABS Corporation (as Depositor) and U.S. Bank Trust National Association (as Trustee) regarding the Corporate Backed Trust Certificates, Series 2001-15. It authorizes the sale of an additional $10 million in underlying securities to the trust and the issuance of additional certificates and call warrants. The supplement also updates the call schedule for certain certificates. All other terms of the original agreement remain in effect, and the agreement is governed by New York law.
EX-4.1 2 efc1-0603_exh41.txt SERIES SUPPLEMENT, SERIES 2001-15 EXHIBIT 4.1 SUPPLEMENT TO SERIES SUPPLEMENT, SERIES 2001-15 --------------------------------- THIS SUPPLEMENT, dated as of June 7, 2001 (this "Supplement"), to the Series Supplement, dated as of April 30, 2001 (the "Series Supplement") and the supplement to the Series Supplement, dated as of May 29, 2001 (the "First Supplement"), between Lehman ABS Corporation, as depositor (the "Depositor") and U.S. Bank Trust National Association, as the trustee (the "Trustee" and together with the Depositor, the "Parties"). W I T N E S S E T H: - - - - - - - - - - WHEREAS, the Parties entered into the Series Supplement for the purpose of setting forth, among other things, certain supplemental information with respect to the issuance of certificates initially designated Corporate Backed Trust Certificates, Series 2001-15. WHEREAS, the Parties entered into a supplement to the Series Supplement, dated as of May 29, 2001, with respect to the issuance of additional certificates by the Corporate Backed Trust Certificates, Series 2001-15 Trust. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Parties hereby agree as follows: 1. Pursuant to Section 3(d) of the Series Supplement, the Depositor hereby sells to the Trust an additional $10,000,000 of Underlying Securities and the Trust hereby issues an additional 400,000 Class A-1 Certificates with an initial aggregate Certificate Principal Amount of $10,000,000 and an additional amount of Class A-2 Certificates with an initial notional balance of $10,000,000 (the "Additional Certificates"). The Additional Certificates shall have an original issue date of even date herewith but the Additional Certificates shall accrue interest from April 30, 2001. The Trust is also issuing call warrants with respect to the Additional Certificates (the "Additional Call Warrants"). The descriptions of the Underlying Securities, the Certificates and the Call Warrants in the Series Supplement and the First Supplement, including the Schedules and Exhibits thereto, shall be deemed to be amended mutatis mutandis. The Class A-2 Certificate Call Schedule, attached as a Schedule to the Series Supplement and to the First Supplement, is replaced by Schedule I attached hereto. 2. Effect of Supplement. Except as supplemented hereby, the Series Supplement is ratified and confirmed and continues in full force and effect. 3. Counterparts. This Supplement may be executed in any number of counterparts, each of which shall be deemed to be an original, and all such counterparts shall constitute but one and the same instrument. 4. Governing Law. THIS SUPPLEMENT AND THE TRANSACTIONS DESCRIBED HEREIN SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAWS PROVISIONS THEREOF. 2 IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly executed by their respective officers hereunto duly authorized, as of the day and year first above written. LEHMAN ABS CORPORATION By: /s/ Rene Canezin ------------------- Name: Rene Canezin Title: Senior Vice President U.S. BANK TRUST NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee on behalf of the Corporate Backed Trust Certificates Series, 2001-15 Trust By: /s/ Marlene Fahey -------------------- Name: Marlene Fahey Title: Vice President and Assistant Secretary 3 SCHEDULE I CLASS A-2 CERTIFICATE CALL SCHEDULE SCHEDULE I Corporate Backed Trust Certificates Series 2001-15 Trust - (second reopening) Class A-2 Certificate Call Schedule (I.O. Tranche Call Schedule) Date Call Price - ------------------------------ 07/15/2001 $2,494,069 01/15/2002 $2,842,774 07/15/2002 $2,470,915 01/15/2003 $2,458,462 07/15/2003 $2,445,387 01/15/2004 $2,431,658 07/15/2004 $2,417,243 01/15/2005 $2,402,107 07/15/2005 $2,386,214 01/15/2006 $2,369,526 07/15/2006 $2,352,004 01/15/2007 $2,333,606 07/15/2007 $2,314,288 01/15/2008 $2,294,004 07/15/2008 $2,272,706 01/15/2009 $2,250,343 07/15/2009 $2,226,862 01/15/2010 $2,202,207 07/15/2010 $2,176,319 01/15/2011 $2,149,137 07/15/2011 $2,120,595 01/15/2012 $2,090,627 07/15/2012 $2,059,160 01/15/2013 $2,026,119 07/15/2013 $1,991,427 01/15/2014 $1,955,000 07/15/2014 $1,916,752 01/15/2015 $1,876,591 07/15/2015 $1,834,423 01/15/2016 $1,790,145 07/15/2016 $1,743,654 01/15/2017 $1,694,839 07/15/2017 $1,643,583 01/15/2018 $1,589,763 07/15/2018 $1,533,253 01/15/2019 $1,473,918 4 07/15/2019 $1,411,615 01/15/2020 $1,346,198 07/15/2020 $1,277,509 01/15/2021 $1,205,387 07/15/2021 $1,129,658 01/15/2022 $1,050,142 07/15/2022 $966,651 01/15/2023 $878,985 07/15/2023 $786,936 01/15/2024 $690,285 07/15/2024 $588,801 01/15/2025 $482,243 07/15/2025 $370,357 01/15/2026 $252,876 07/15/2026 $129,522 01/15/2027 -- 5
