Assets of the Trust. The Trust Estate shall irrevocably belong to the Trust for all purposes, subject only to the rights of creditors of the Trust and shall be so recorded upon the books of account of the Trust.
Assets of the Trust. The assets of the Trust shall be limited to the assets described in the definition of “Trust Estate.”
Assets of the Trust. The only assets of the Trust shall be the Trust Estate. The Trust may not acquire any assets, issue any equity securities or any debt securities, or engage in any activities other than as expressly provided for herein.
Assets of the Trust. All consideration received by the Trust for the issue or sale of Units together with all of the Trust Estate in which such consideration is invested or reinvested, all income, earnings, profits, and proceeds thereof, including any proceeds derived from the sale, exchange or liquidation of such assets, and any funds or payments derived from any reinvestment of such proceeds in whatever form the same may be, shall irrevocably belong to the Trust for all purposes, subject only to the rights of creditors of the Trust and except as may otherwise be required by applicable tax laws, and shall be so recorded upon the books of account of the Trust.
Assets of the Trust. Trustee shall be under no duty or obligation to require the Company to make any transfers or payments of additional assets to the Trust and it shall be conclusively presumed that any and all such transfers or payments to Trustee have been properly made.
Assets of the Trust. (i) In general. Except as otherwise provided in para- graphs (c)(5)(ii) and (c)(8) of this sec- tion, the governing instrument must prohibit the trust from holding, for the entire term of the trust, any asset other than one residence to be used or held for use (within the meaning of paragraph (c)(7)(i) of this section) as a personal residence of the term holder (the ‘‘residence’’).
Assets of the Trust. The assets of the Trust shall consist of the Trust Property.
Assets of the Trust. The Trust shall not acquire or own any assets other than bitcoin, [cash in connection with Creation Orders or Redemption Orders or cash from the sale of bitcoin pending use of such cash for payment of Additional Trust Expenses or distribution to the Shareholders, as provided in this Trust Agreement, [or from time to time, Incidental Rights].
Assets of the Trust. The Trustee shall be under no duty or obligation to require, and shall have no liability for omitting to require, the Underwriter to make any transfers or payments of additional assets to the Trust and it shall be conclusively presumed that any and all such transfers or payments to Trustee have been properly made. All assets held by a nominee of the Trustee shall be deemed held solely by the Trustee.
Assets of the Trust. Section 5. Title to all of the assets of each series of Shares and of the Trust shall at all times be considered as vested in the Trustees.
