|Towards more picturesque speech™
A compound preposition — a “prepositional phase”, for those with a yen to the adjectival — does the same job as a plain old preposition, only more tediously. Therefore it is beloved of our old friend the mediocre attorney.
We know that our legal brethren delight in perverting the ordinary use of words: nominalising verbs into nouns, and so on, and the compound preposition is a neat way of co-opting nouns, conjunctions — all kinds — into the servile business of putting one noun in relation to another.
- Income means any interest, dividends or other distributions of any kind whatsoever with respect to any Securities or Collateral;
Distributions paid with respect to the Securities could include amounts paid by unreleted third parties that reference the Securities: you know, like derivative payments. Payments on credit events, where the underlier has blown up. Payments that could be levered, or modified, but nonetheless paid by reference to the shares themselves. So that would be bad. Borrowers of stock loans have no intention to manufacture these kinds of payments.