Extraordinary Distributions. Any property received by --------------------------- the Trustee after the initial date of Deposit in a form other than cash or additional shares of the Securities listed in the Reference Trust Agreement or of a Substitute Security, which shall be retained by the Trust, shall be dealt with in the manner described in Section 3.11 and shall be retained or disposed by the Trustee according to those provisions, provided, however, that no property shall be retained which the Trustee determines shall adversely affect its duties hereunder. The proceeds of any disposition shall be credited to the Income or Principal Account of the Trust, as the Depositors may direct.
Appears in 3 contracts
Samples: Trust Indenture and Agreement (Pinnacle Family of Trusts Internet Trust Series I), Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2000 Series B), Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trusts 2001 Series B)
Extraordinary Distributions. Any property received by --------------------------- the Trustee after the initial date of Deposit in a form other than cash or additional shares of the Securities listed in the Reference Trust Agreement or of a Substitute Security, which shall be retained by the Trust, shall be dealt with in the manner described in Section 3.11 and shall be retained or disposed by the Trustee according to those provisions, provided, however, that no property shall be retained which the Trustee determines shall adversely affect its duties hereunder. The proceeds of any disposition shall be credited to the Income or Principal Account of the Trust, as the Depositors Depositor may direct.
Appears in 2 contracts
Samples: Trust Indenture and Agreement (Smart Trust Tax Free Bond Trust Series 1), Trust Indenture and Agreement (Patriot Trust, Diversified Income Trust, 2007 Series A)
Extraordinary Distributions. Any property received by the --------------------------- the Trustee after the initial date of Deposit in a form other than cash or additional shares of the Securities listed in the Reference Trust Agreement or of a Substitute Security, which shall be retained by the Trust, shall be dealt with in the manner described in Section 3.11 and shall be retained or disposed by the Trustee according to those provisions, provided, however, that no property shall be retained which the Trustee determines shall adversely affect its duties hereunder. The proceeds of any disposition shall be credited to the Income or Principal Account of the Trust, as the Depositors may direct.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2003 Sereis B)
Extraordinary Distributions. Any property received by --------------------------- the Trustee after the initial date of Deposit in a form other than cash or additional shares of the Securities listed in the Reference Trust Agreement or of a Substitute Security, which shall be retained by the Trust, shall be dealt with in the manner described in Section 3.11 and shall be retained or disposed by the Trustee according to those provisions, provided, however, that no property shall be retained which the Trustee determines shall adversely affect its duties hereunder. The proceeds of any disposition shall be credited to the Income or Principal Account of the Trust, as the Depositors Depositor may direct.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Equity Securities Trust Series 26 Equits Ii)
Extraordinary Distributions. Any property ---------------------------- received by --------------------------- the Trustee after the initial date of Deposit in a form other than cash or additional shares of the Securities listed in the Reference Trust Agreement or of a Substitute Security, which shall be retained by the Trust, shall be dealt with in the manner described in Section 3.11 and shall be retained or disposed by the Trustee according to those provisions, provided, however, that no property shall be retained which the Trustee determines shall adversely affect its duties hereunder. The proceeds of any disposition shall be credited to the Income or Principal Account of the Trust, as the Depositors may direct.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Pinnacle Family of Trust Dogs of Tech Tr Se I & Fin Tr Se Ii)
