DESCRIPTION OF THE TRUST Sample Clauses

DESCRIPTION OF THE TRUST. The Trust is intended to be a grantor trust with the corpus and income of the Trust treated as assets and income of Analog for federal income tax purposes. The Trust shall be irrevocable, and except as provided in Section 3 of the Trust, Trust assets shall be held for the exclusive purpose of providing benefits to participants and their beneficiaries. Except as provided in Section 3 of the Trust, no part of the income or corpus of the Trust shall be recoverable by or for the benefit of Analog.
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DESCRIPTION OF THE TRUST. The Large Cap Trust contains 10 issues of common stock. 100% of the issues are represented by the Sponsors' contracts to purchase. All 10 of the stocks are listed on the NYSE. Based upon the principal business of each issuer and current market values, the following industries are represented in the Trust: Auto Manufacturing, 2.00%; Banking and Financial, 1.96%; Chemical, 1.99%; Consumer Products, 13.98%; Machinery, 34.04%; Manufacturing, 2.01%; Oil, 1.97%; Paper, 14.02%; Photographic Products, 13.98%; and Telephone, 14.05%. The Focus Five stocks are Caterpillar Inc., Exxxxxx Kodak Company, International Paper Co., Pxxxxxx Xxxxxx Companies, Inc. and SBC Communications Inc. and the Penultimate Pick is Caterpillar Inc., a company with a significant concentration in the machinery industry. A Trust is considered to be "concentrated" in a particular category or industry when the securities in that category or that industry constitute 25% or more of the total assets of the portfolio. RISK CONSIDERATIONS. Unitholders can lose money by investing in the Trust. The value of the Units and the Securities in the Trust can each decline in value. An investment in Units of the Trust should be made with an --------------- * The name "Dow Jxxxx Industrial Average" (DJIA) is the property of Dow Jxxxx & Company, Inc., which is not affiliated with the Sponsors and has not participated in any way in the creation of the Trust or in the selection of the stocks included in the Trust and has not reviewed or approved any information inlcuded in this Prospectus. Dow Jxxxx & Company, Inc. has not granted to the Trust or the Sponsors a license to use the Dow Jxxxx Industrial Average. understanding of the following risks: o An investment in common stocks includes the risk that the financial condition of the issuers of the Securities may become impaired or that the general condition of the stock market may worsen (both of which may contribute directly to a decrease in the value of the Securities and thus in the value of the Units). o Since the portfolio of the Trust is fixed and "not managed," in general, the Sponsors can sell Securities only at the Trust's termination or in order to meet redemptions. As a result, the price at which each Security is sold may not be the highest price it attained during the life of the Trust. o When cash or a letter of credit is deposited with instructions to purchase securities in order to create additional Units, an increase in the price of a particular s...
DESCRIPTION OF THE TRUST 

Related to DESCRIPTION OF THE TRUST

  • Creation of the Trust The Trust is hereby created and shall be known as “WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust”. The purpose of the Trust is, and the Trust shall have the power and authority, to engage in the following activities, all as provided by and subject to the terms of this Agreement:

  • Description of the Transfer The details of the transfer and of the personal data are specified in Annex B. The parties agree that Annex B may contain confidential business information which they will not disclose to third parties, except as required by law or in response to a competent regulatory or government agency, or as required under clause I(e). The parties may execute additional annexes to cover additional transfers, which will be submitted to the authority where required. Annex B may, in the alternative, be drafted to cover multiple transfers. ANNEX A

  • Administration of the Trust Section 3.01

  • Administration of the Trust Fund Section 4.01

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

  • Termination of the Trust The respective obligations and responsibilities of the Company and the Trustee with respect to the Applicable Trust shall terminate upon the distribution to all Applicable Certificateholders and the Trustee of all amounts required to be distributed to them pursuant to this Agreement and the disposition of all property held as part of the Trust Property; provided, however, that in no event shall the Applicable Trust continue beyond 21 years less one day following the death of the last survivor of all descendants living on the date hereof of Xxxxxx X. Xxxxxxx, Xx., unless applicable law shall permit a longer term, in which case such longer term shall apply. Notice of any termination specifying the Distribution Date upon which the Applicable Certificateholders may surrender their Applicable Certificates to the Trustee for payment of the final distribution and cancellation, shall be mailed promptly by the Trustee to Applicable Certificateholders not earlier than the 60th day and not later than the 15th day next preceding such final Distribution Date specifying (A) the Distribution Date upon which the proposed final payment of the Applicable Certificates will be made upon presentation and surrender of Applicable Certificates at the office or agency of the Trustee therein specified, (B) the amount of any such proposed final payment, and (C) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Applicable Certificates at the office or agency of the Trustee therein specified. The Trustee shall give such notice to the Registrar at the time such notice is given to Applicable Certificateholders. Upon presentation and surrender of the Applicable Certificates in accordance with such notice, the Trustee shall cause to be distributed to Applicable Certificateholders such final payments. In the event that all of the Applicable Certificateholders shall not surrender their Applicable Certificates for cancellation within six months after the date specified in the above-mentioned written notice, the Trustee shall give a second written notice to the remaining Applicable Certificateholders to surrender their Applicable Certificates for cancellation and receive the final distribution with respect thereto. No additional interest shall accrue on the Applicable Certificates after the Distribution Date specified in the first written notice. In the event that any money held by the Trustee for the payment of distributions on the Applicable Certificates shall remain unclaimed for two (2) years (or such lesser time as the Trustee shall be satisfied, after sixty days' notice from the Company, is one month prior to the escheat period provided under applicable law) after the final distribution date with respect thereto, the Trustee shall pay to each Loan Trustee the appropriate amount of money relating to such Loan Trustee and shall give written notice thereof to the related Owner Trustees, the Owner Participants and the Company.

  • Description of the Project THIS SHOULD BE NO MORE THAN A TWO PARAGRAPH DESCRIPTION THAT PROVIDES A BACKGROUND OF THE PROBLEM, AS WELL AS HOW THE CONTRACTOR INTENDS TO SOLVE THE PROBLEM. KEEP IN MIND THAT THE CONTRACT SHOULD “STAND ON ITS OWN,” I.E. ANYONE SHOULD BE ABLE TO PICK IT UP AND FIGURE OUT WHAT IS GOING ON.)

  • Establishment of the Trust The Depositor does hereby establish, pursuant to the further provisions of this Agreement and the laws of the State of New York, an express trust to be known, for convenience, as “Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2” and does hereby appoint HSBC Bank USA, National Association as Trustee in accordance with the provisions of this Agreement.

  • Description of the service 9.1.1 Internet banking service implies an ability for the client to manage and receive remotely the following services from the bank by means of using the special Internet-site of the bank xxxxx://xxx.xxxxxxxxxxxxxxx.xx:

  • Description of the Services 1.1 The scope of the service to be rendered is described more fully in the Annexures and Schedules referred to below: ❑ Annexure A – Scope / Specification ❑ Annexure C – Pricing Schedule 2 DELIVERABLES AND COMPLETION DATE The Deliverables, due for completion by and governed by this Schedule 1. In the event that the Service Provider fails to meet the delivery dates as agreed, the following penalties will be imposed:

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