Common use of Establishment of Reserve Account Clause in Contracts

Establishment of Reserve Account. From time to time the Trustee may withdraw from the Income or Capital Accounts of each Trust Fund such amounts as it, in its sole discretion, shall deem requisite to establish a reserve for any applicable taxes or other governmental charges that may be payable out of such Trust Fund or for indemnification or extraordinary expenses of the Depositor or Trustee pursuant to Section 7.02, 8.01 or 8.05. Such amounts so withdrawn shall be credited to a separate account for such Trust Fund which shall be known as the "RESERVE ACCOUNT." The Trustee shall not be required to distribute to the Unitholders any of the amounts in the Reserve Account; PROVIDED, HOWEVER, that if it, in its sole discretion, determines that such amounts are no longer necessary, then it shall promptly deposit such amounts in the account from which withdrawn, or if such Trust Fund has been terminated or shall be in the process of termination, the Trustee, upon such determination, shall distribute to each Unitholder of such Trust Fund such holder's interest in the Reserve Account in accordance with Section 9.01.

Establishment of Reserve Account. From time to time the Trustee may withdraw from the Income Interest or Capital Principal Accounts of each Trust Fund such amounts as it, in its sole discretion, shall deem requisite to establish a reserve for any applicable taxes or other governmental charges that may be payable out of such Trust Fund or for indemnification or extraordinary expenses of the Depositor or Trustee pursuant to Section 7.02, 8.01 or 8.05. Such amounts so withdrawn shall be credited to a separate account for such Trust Fund which shall be known as the "RESERVE ACCOUNTReserve Account." The Trustee shall not be required to distribute to the Unitholders any of the amounts in the Reserve Account; PROVIDEDprovided, HOWEVERhowever, that if it, in its sole discretion, determines that such amounts are no longer necessary, then it shall promptly deposit such amounts in the account from which withdrawn, or if such Trust Fund has been terminated or shall be in the process of termination, the Trustee, upon such determination, shall distribute to each Unitholder of such Trust Fund such holderUnitholder's interest in the Reserve Account in accordance with Section 9.01.

Establishment of Reserve Account. From time to time the Trustee may withdraw from the Income or Capital Accounts of each Trust Fund such amounts as it, in its sole discretion, shall deem requisite to establish a reserve for any applicable taxes or other governmental charges that may be payable out of such Trust Fund or for indemnification or extraordinary expenses of the Depositor or Trustee pursuant to Section 7.02, 8.01 or 8.05. Such amounts so withdrawn shall be credited to a separate account for such Trust Fund which shall be known as the "RESERVE ACCOUNTReserve Account." The Trustee shall not be required to distribute to the Unitholders any of the amounts in the Reserve Account; PROVIDEDprovided, HOWEVERhowever, that if it, in its sole discretion, determines that such amounts are no longer necessary, then it shall promptly deposit such amounts in the account from which withdrawn, or if such Trust Fund has been terminated or shall be in the process of termination, the Trustee, upon such determination, shall distribute to each Unitholder of such Trust Fund such holder's interest in the Reserve Account in accordance with Section 9.01.

Establishment of Reserve Account. From time to time the Trustee may withdraw from the Income Interest or Capital Principal Accounts of each Trust Fund such amounts as it, in its sole discretion, shall deem requisite to establish a reserve for any applicable taxes or other governmental charges that may be payable out of such Trust Fund or for indemnification or extraordinary expenses of the Depositor or Trustee pursuant to Section 7.02, 8.01 or 8.05. Such amounts so withdrawn shall be credited to a separate account for such Trust Fund which shall be known as the "RESERVE ACCOUNT" Reserve Account." The Trustee shall not be required to distribute to the Unitholders any of the amounts in the Reserve Account; PROVIDEDprovided, HOWEVERhowever, that if it, in its sole discretion, determines that such amounts are no longer necessary, then it shall promptly deposit such amounts in the account from which withdrawn, or if such Trust Fund has been terminated or shall be in the process of termination, the Trustee, upon such determination, shall distribute to each Unitholder of such Trust Fund such holderUnitholder's interest in the Reserve Account in accordance with Section 9.01.