Common use of Depositor Redemptions Clause in Contracts

Depositor Redemptions. Units tendered for redemption by the Depositors on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 p.m. New York City time and the Trustee's close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(a) tendered to the Depositors or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 2 contracts

Samples: Trust Indenture and Agreement (McLaughlin Piven Vogel Family of Trusts Pinncacle Trust), Trust Indenture and Agreement (Schwab Strategic Ten Trust 1997 Series A)

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Depositor Redemptions. Units tendered for redemption by --------------------- the Depositors on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 p.m. New York City time and the Trustee's close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(a) tendered to the Depositors or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 2 contracts

Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2000 Series B), Trust Indenture and Agreement (Pinnacle Family of Trusts Internet Trust Series I)

Depositor Redemptions. Units tendered for ---------------------- redemption by the Depositors on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 p.m. New York City time and the Trustee's close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(a) tendered to the Depositors or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 1 contract

Samples: Trust Indenture and Agreement (Pinnacle Family of Trust Dogs of Tech Tr Se I & Fin Tr Se Ii)

Depositor Redemptions. Units tendered for redemption by --------------------- the Depositors Depositor on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 p.m. New York City time and the Trustee's close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(aeither (a) tendered to the Depositors Depositor or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 1 contract

Samples: Trust Indenture and Agreement (Equity Securities Trust Series 26 Equits Ii)

Depositor Redemptions. Units tendered for redemption by the --------------------- Depositors on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 p.m. New York City Eastern time and the Trustee's close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(a) tendered to the Depositors or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 1 contract

Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2003 Sereis B)

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Depositor Redemptions. Units tendered for redemption by --------------------- the Depositors on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 p.m. New York City Eastern time and the Trustee's close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(a) tendered to the Depositors or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 1 contract

Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trusts 2001 Series B)

Depositor Redemptions. Units tendered for redemption by the Depositors Depositor on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 4:00 p.m. New York City time and the Trustee's ’s close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(aeither (a) tendered to the Depositors Depositor or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 1 contract

Samples: Trust Indenture and Agreement (Smart Trust Tax Free Bond Trust Series 1)

Depositor Redemptions. Units tendered for redemption by the Depositors Depositor on any Business Day shall be deemed to have been tendered before the Evaluation Time on such Business Day provided that the tendering Depositor advises the Trustee in writing (which may be electronic transmission) of such tender before the later of 5:00 4:00 p.m. New York City time Eastern Time and the Trustee's ’s close of business on such Business day. By such advice, the Depositor will be deemed to certify that all Units so tendered were either(aeither (a) tendered to the Depositors Depositor or to a retail dealer between the Evaluation Time on the preceding Business Day and the Evaluation Time on such Business Day or (b) acquired previously but which the Depositor determined to redeem prior to the Evaluation Time on such Business Day. On or before payment of the Redemption Price, the Depositor shall assign or deliver to the Trustee such documents which the Trustee shall reasonably require to effect the redemption of those Units.

Appears in 1 contract

Samples: Trust Indenture and Agreement (Patriot Trust, Diversified Income Trust, 2007 Series A)

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