{"component": "clause", "props": {"groups": [{"size": 2325, "samples": [{"hash": "heDeUOPWC81", "uri": "/contracts/heDeUOPWC81#initial-costs", "label": "Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2001)", "score": 28.2423000336, "published": true}, {"hash": "gz1od0STwcs", "uri": "/contracts/gz1od0STwcs#initial-costs", "label": "Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1998)", "score": 28.2039699554, "published": true}, {"hash": "aZO3QKuplGA", "uri": "/contracts/aZO3QKuplGA#initial-costs", "label": "Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1997)", "score": 28.1930179596, "published": true}], "snippet": "Subject to reimbursement as hereinafter provided, the cost of organizing a Trust and sale of the Trust Units shall be borne by the Depositor, provided, however, that the liability on the part of the Depositor under this Section shall not include any fees or other expenses incurred in connection with the administration of the Trust subsequent to the deposit referred to in Section 2.01. Upon notification from the Depositor that the primary offering period is concluded, or after six months, at the discretion of the Depositor, the Trustee shall withdraw from the Account or Accounts specified in the Prospectus or, if no Account is therein specified, from the Capital Account as further set forth in Section 3.03, and pay to the Depositor the Depositor's reimbursable expenses of organizing the Trust and sale of the Trust Units in an amount certified to the Trustee by the Depositor but not in excess of the estimated per-Unit amount set forth in the Prospectus multiplied by the number of Units outstanding as of the conclusion of the primary offering period. If the cash balance of the Capital Account is insufficient to make such withdrawal, the Trustee shall, as directed by the Depositor, sell Securities identified by the Depositor, or distribute to the Depositor Securities having a value, as determined under Section 4.01 as of the date of distribution, sufficient for such reimbursement. Securities sold or distributed to the Depositor to reimburse the Depositor pursuant to this Section shall be sold or distributed by the Trustee to the extent practicable, in the percentage ratio then existing (unless the Trust elects to be treated as a \"regulated investment company\" as defined in the United States Internal Revenue Code (the \"Internal Revenue Code\"), in which case sales or distributions by the Trustee shall be made in accordance with the instructions of the Depositor or its designees). The reimbursement provided for in this Section shall be for the account of the Unitholders of record at the conclusion of the primary offering period. Any assets deposited with the Trustee in respect of the expenses reimbursable under this Section shall be held and administered as assets of the Trust for all purposes hereunder. The Depositor shall deliver to the Trustee any cash identified in the Statement of Financial Condition of the Trust included in the Prospectus not later than the First Settlement Date and the Depositor's obligation to make such delivery shall be secured by the Letter of Credit deposited pursuant to Section 2.01. Any cash which the Depositor has identified as to be used for reimbursement of expenses pursuant to this Section shall be held by the Trustee, without interest, and reserved for such purpose and, accordingly, prior to the conclusion of the primary offering period, shall not be subject to distribution or, unless the Depositor otherwise directs, used for payment of redemptions in excess of the per-Unit amount payable pursuant to the next sentence. If a Unitholder redeems Units prior to the conclusion of the primary offering period, the Trustee shall pay to the Unitholder, in addition to the Redemption Price of the tendered Units, an amount equal to the estimated per-Unit cost of organizing the Trust and the sale of Trust Units set forth in the Prospectus multiplied by the number of Units tendered for redemption; to the extent the cash on hand in the Trust is insufficient for such payment, the Trustee shall have the power to sell Securities in accordance with Section 5.02. As used herein, the Depositor's reimbursable expenses of organizing the Trust and sale of the Trust Units shall include the cost of the initial preparation and typesetting of the registration statement, prospectuses (including preliminary prospectuses), the indenture, and other documents relating to the Trust, Securities and Exchange Commission and state blue sky registration fees, the cost of the initial valuation of the portfolio and audit of the Trust, the costs of a portfolio consultant, if any, the initial fees and expenses of the Trustee, and legal and other out-of-pocket expenses related thereto but not including the expenses incurred in the printing of preliminary prospectuses and prospectuses, expenses incurred in the preparation and printing of brochures and other advertising materials and any other selling expenses.", "snippet_links": [{"key": "subject-to", "type": "definition", "offset": [0, 10]}, {"key": "cost-of", "type": "clause", "offset": [54, 61]}, {"key": "sale-of-the", "type": "clause", "offset": [85, 96]}, {"key": "the-depositor", "type": "definition", "offset": [127, 140]}, {"key": "the-liability", "type": "clause", "offset": [166, 179]}, {"key": "expenses-incurred", "type": "definition", "offset": [264, 281]}, {"key": "in-connection-with", "type": "clause", "offset": [282, 300]}, {"key": "administration-of-the-trust", "type": "clause", "offset": [305, 332]}, {"key": "subsequent-to-the", "type": "clause", "offset": [333, 350]}, {"key": "upon-notification", "type": "clause", "offset": [388, 405]}, {"key": "offering-period", "type": "definition", "offset": [442, 457]}, {"key": "six-months", "type": "definition", "offset": [481, 491]}, {"key": "trustee-shall", "type": "definition", "offset": [533, 546]}, {"key": "account-or-accounts", "type": "definition", "offset": [565, 584]}, {"key": "in-the-prospectus", "type": "clause", "offset": [595, 612]}, {"key": "capital-account", "type": "clause", "offset": [662, 677]}, {"key": "section-303", "type": "definition", "offset": [702, 714]}, {"key": "pay-to", "type": "definition", "offset": [720, 726]}, {"key": "reimbursable-expenses", "type": "definition", "offset": [757, 778]}, {"key": "to-the-trustee", "type": "clause", "offset": [854, 868]}, {"key": "unit-amount", "type": "definition", "offset": [925, 936]}, {"key": "number-of-units-outstanding", "type": "clause", "offset": [983, 1010]}, {"key": "conclusion-of", "type": "clause", "offset": [1021, 1034]}, {"key": "balance-of-the", "type": "clause", "offset": [1076, 1090]}, {"key": "as-directed", "type": "definition", "offset": [1167, 1178]}, {"key": "sell-securities", "type": "clause", "offset": [1197, 1212]}, {"key": "distribute-to", "type": "clause", "offset": [1245, 1258]}, {"key": "having-a", "type": "definition", "offset": [1284, 1292]}, {"key": "date-of-distribution", "type": "definition", "offset": [1343, 1363]}, {"key": "securities-sold", "type": "clause", "offset": [1400, 1415]}, {"key": "to-reimburse", "type": "definition", "offset": [1448, 1460]}, {"key": "by-the-trustee", "type": "clause", "offset": [1529, 1543]}, {"key": "to-the-extent-practicable", "type": "definition", "offset": [1544, 1569]}, {"key": "percentage-ratio", "type": "clause", "offset": [1578, 1594]}, {"key": "then-existing", "type": "definition", "offset": [1595, 1608]}, {"key": "regulated-investment-company", "type": "definition", "offset": [1654, 1682]}, {"key": "united-states-internal-revenue-code", "type": "definition", "offset": [1702, 1737]}, {"key": "distributions-by-the", "type": "clause", "offset": [1792, 1812]}, {"key": "in-accordance-with", "type": "definition", "offset": [1835, 1853]}, {"key": "unitholders-of-record", "type": "definition", "offset": [1986, 2007]}, {"key": "in-respect-of", "type": "definition", "offset": [2096, 2109]}, {"key": "expenses-reimbursable", "type": "clause", "offset": [2114, 2135]}, {"key": "assets-of-the-trust", "type": "clause", "offset": [2189, 2208]}, {"key": "all-purposes", "type": "definition", "offset": [2213, 2225]}, {"key": "deliver-to", "type": "definition", "offset": [2257, 2267]}, {"key": "statement-of", "type": "clause", "offset": [2307, 2319]}, {"key": "condition-of-the", "type": "clause", "offset": [2330, 2346]}, {"key": "first-settlement-date", "type": "definition", "offset": [2399, 2420]}, {"key": "obligation-to", "type": "clause", "offset": [2441, 2454]}, {"key": "the-letter-of-credit", "type": "clause", "offset": [2494, 2514]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2525, 2544]}, {"key": "for-reimbursement-of-expenses", "type": "clause", "offset": [2609, 2638]}, {"key": "purpose-and", "type": "clause", "offset": [2734, 2745]}, {"key": "prior-to-the", "type": "clause", "offset": [2760, 2772]}, {"key": "payment-of-redemptions", "type": "clause", "offset": [2906, 2928]}, {"key": "amount-payable", "type": "definition", "offset": [2955, 2969]}, {"key": "pursuant-to-the", "type": "clause", "offset": [2970, 2985]}, {"key": "price-of-the", "type": "clause", "offset": [3158, 3170]}, {"key": "tendered-units", "type": "definition", "offset": [3171, 3185]}, {"key": "equal-to", "type": "definition", "offset": [3197, 3205]}, {"key": "unit-cost", "type": "definition", "offset": [3224, 3233]}, {"key": "sale-of-trust-units", "type": "clause", "offset": [3266, 3285]}, {"key": "cash-on-hand", "type": "clause", "offset": [3391, 3403]}, {"key": "power-to-sell", "type": "clause", "offset": [3478, 3491]}, {"key": "preparation-and", "type": "clause", "offset": [3680, 3695]}, {"key": "the-registration-statement", "type": "clause", "offset": [3711, 3737]}, {"key": "preliminary-prospectuses", "type": "definition", "offset": [3763, 3787]}, {"key": "the-indenture", "type": "clause", "offset": [3790, 3803]}, {"key": "and-other-documents", "type": "clause", "offset": [3805, 3824]}, {"key": "relating-to", "type": "definition", "offset": [3825, 3836]}, {"key": "securities-and-exchange-commission", "type": "clause", "offset": [3848, 3882]}, {"key": "registration-fees", "type": "clause", "offset": [3902, 3919]}, {"key": "valuation-of", "type": "clause", "offset": [3945, 3957]}, {"key": "the-portfolio", "type": "clause", "offset": [3958, 3971]}, {"key": "costs-of", "type": "definition", "offset": [4000, 4008]}, {"key": "fees-and-expenses-of-the-trustee", "type": "clause", "offset": [4053, 4085]}, {"key": "pocket-expenses", "type": "definition", "offset": [4114, 4129]}, {"key": "advertising-materials", "type": "clause", "offset": [4321, 4342]}, {"key": "selling-expenses", "type": "definition", "offset": [4357, 4373]}], "hash": "1036de5fc0b23371ac97bd53f8232c1a", "id": 1}, {"size": 46, "samples": [{"hash": "jnrceamn022", "uri": "/contracts/jnrceamn022#initial-costs", "label": "Trust Agreement (Van Kampen American Capital Equity Opportunity Trust Ser 72)", "score": 18.0, "published": true}, {"hash": "iIaK5ei5Uld", "uri": "/contracts/iIaK5ei5Uld#initial-costs", "label": "Trust Agreement (Van Kampen American Capital Equity Opportunity Trust Ser 69)", "score": 18.0, "published": true}, {"hash": "iDupm7dVJbH", "uri": "/contracts/iDupm7dVJbH#initial-costs", "label": "Trust Agreement (Van Kampen American Capital Equity Opportunity Trust Ser 48)", "score": 18.0, "published": true}], "snippet": "The following organization and regular and recurring expenses of the Trust shall be borne by the Trustee: (a) to the extent not borne by the Depositor, expenses incurred in establishing a Trust, including the cost of the initial preparation and typesetting of the registration statement, prospectuses (including preliminary prospectuses), the indenture, and other documents relating to the Trust, Securities and Exchange Commission and state blue sky registration fees, the costs of the initial valuation of the portfolio and audit of the Trust, the initial fees and expenses of the Trustee, and legal and other out-of-pocket expenses related thereto, but not including the expenses incurred in the printing of preliminary prospectuses and prospectuses, expenses incurred in the preparation and printing of brochures and other advertising materials and any other selling expenses, (b) the amount specified in Section 3.05 and Article VIII, (c) to the extent permitted by Section 6.02, auditing fees and, to the extent not borne by the Depositor, expenses incurred in connection with maintaining the Trust's registration statement current with Federal and State authorities, (d) any Certificates issued after the Initial Date of Deposit ; and (e) expenses of any distribution agent. The Trustee shall be reimbursed for those organizational expenses referred to in clause (a) as provided in the Prospectus. 20. Section 6.01(i) of the Standard Terms and Conditions of Trust shall be amended by adding the following to the beginning of such Section: \"Except as provided in Sections 3.01 and 3.05,\" 21. Section 8.04 is hereby amended by deleting the first word of such Section and replacing it with the following: \"Except as provided in Sections 3.01 and 3.05, the\" 22. Notwithstanding anything to the contrary herein, the annual audit of the Trust's accounts described in Section 6.02 shall not be required. 23. Section 2.03(a) shall be amended by adding the following sentence immediately after the first sentence of such Section: \"The number of Units may be increased through a split of the Units or decreased through a reverse split thereof, as directed by the Depositor, on any day on which the Depositor is the only Unitholder, which revised number of Units shall be recorded by the Trustee on its books.\"", "snippet_links": [{"key": "organization-and", "type": "clause", "offset": [14, 30]}, {"key": "recurring-expenses", "type": "clause", "offset": [43, 61]}, {"key": "by-the-trustee", "type": "clause", "offset": [90, 104]}, {"key": "to-the-extent", "type": "clause", "offset": [110, 123]}, {"key": "the-depositor", "type": "definition", "offset": [137, 150]}, {"key": "expenses-incurred", "type": "definition", "offset": [152, 169]}, {"key": "cost-of", "type": "clause", "offset": [209, 216]}, {"key": "preparation-and", "type": "clause", "offset": [229, 244]}, {"key": "the-registration-statement", "type": "clause", "offset": [260, 286]}, {"key": "preliminary-prospectuses", "type": "definition", "offset": [312, 336]}, {"key": "the-indenture", "type": "clause", "offset": [339, 352]}, {"key": "and-other-documents", "type": "clause", "offset": [354, 373]}, {"key": "to-the-trust", "type": "clause", "offset": [383, 395]}, {"key": "securities-and-exchange-commission", "type": "clause", "offset": [397, 431]}, {"key": "registration-fees", "type": "clause", "offset": [451, 468]}, {"key": "costs-of", "type": "definition", "offset": [474, 482]}, {"key": "valuation-of", "type": "clause", "offset": [495, 507]}, {"key": "the-portfolio", "type": "clause", "offset": [508, 521]}, {"key": "fees-and-expenses-of-the-trustee", "type": "clause", "offset": [558, 590]}, {"key": "pocket-expenses", "type": "definition", "offset": [619, 634]}, {"key": "advertising-materials", "type": "clause", "offset": [827, 848]}, {"key": "selling-expenses", "type": "definition", "offset": [863, 879]}, {"key": "article-viii", "type": "clause", "offset": [926, 938]}, {"key": "in-connection-with", "type": "clause", "offset": [1064, 1082]}, {"key": "federal-and-state-authorities", "type": "clause", "offset": [1143, 1172]}, {"key": "certificates-issued", "type": "clause", "offset": [1182, 1201]}, {"key": "initial-date-of-deposit", "type": "definition", "offset": [1212, 1235]}, {"key": "distribution-agent", "type": "clause", "offset": [1262, 1280]}, {"key": "trustee-shall", "type": "definition", "offset": [1286, 1299]}, {"key": "organizational-expenses", "type": "definition", "offset": [1324, 1347]}, {"key": "in-clause", "type": "clause", "offset": [1360, 1369]}, {"key": "in-the-prospectus", "type": "clause", "offset": [1386, 1403]}, {"key": "standard-terms-and-conditions-of-trust", "type": "clause", "offset": [1432, 1470]}, {"key": "beginning-of", "type": "clause", "offset": [1519, 1531]}, {"key": "except-as-provided-in", "type": "clause", "offset": [1547, 1568]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [1765, 1805]}, {"key": "annual-audit", "type": "definition", "offset": [1818, 1830]}, {"key": "number-of-units", "type": "definition", "offset": [2033, 2048]}, {"key": "the-units", "type": "clause", "offset": [2085, 2094]}, {"key": "reverse-split", "type": "definition", "offset": [2118, 2131]}, {"key": "as-directed", "type": "definition", "offset": [2141, 2152]}], "hash": "b87e1b5c938ecd8cd894c097a8db09cf", "id": 2}, {"size": 35, "samples": [{"hash": "lbEyFGtgXMC", "uri": "/contracts/lbEyFGtgXMC#initial-costs", "label": "Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 286)", "score": 18.0, "published": true}, {"hash": "lCSZdDaMmXf", "uri": "/contracts/lCSZdDaMmXf#initial-costs", "label": "Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 285)", "score": 18.0, "published": true}, {"hash": "l2JiSSn6TQK", "uri": "/contracts/l2JiSSn6TQK#initial-costs", "label": "Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 310)", "score": 18.0, "published": true}], "snippet": "Upon notification from the Depositor that the primary offering period is concluded, or after six months, at the discretion of the Depositor, the Trustee shall withdraw from the Account or Accounts specified in the Prospectus or, if no Account is therein specified, from the Capital Account as further set further in Section 3.03, and pay to the Depositor the Depositor's reimbursable expenses of organizing the Trust and sale of the Trust Units in an amount certified to the Trustee by the Depositor but not in excess of the estimated per-Unit amount set forth in the Prospectus multiplied by the number of Units outstanding as of the conclusion of the primary offering period. This Reference Trust Agreement shall be deemed effective when executed and delivered by the Sponsor and the Trustee.", "snippet_links": [{"key": "upon-notification", "type": "clause", "offset": [0, 17]}, {"key": "the-depositor", "type": "definition", "offset": [23, 36]}, {"key": "offering-period", "type": "definition", "offset": [54, 69]}, {"key": "six-months", "type": "definition", "offset": [93, 103]}, {"key": "trustee-shall", "type": "definition", "offset": [145, 158]}, {"key": "account-or-accounts", "type": "definition", "offset": [177, 196]}, {"key": "in-the-prospectus", "type": "clause", "offset": [207, 224]}, {"key": "capital-account", "type": "clause", "offset": [274, 289]}, {"key": "section-303", "type": "definition", "offset": [316, 328]}, {"key": "pay-to", "type": "definition", "offset": [334, 340]}, {"key": "expenses-of", "type": "clause", "offset": [384, 395]}, {"key": "trust-units", "type": "definition", "offset": [433, 444]}, {"key": "to-the-trustee", "type": "clause", "offset": [468, 482]}, {"key": "unit-amount", "type": "definition", "offset": [539, 550]}, {"key": "number-of-units-outstanding", "type": "clause", "offset": [597, 624]}, {"key": "conclusion-of", "type": "clause", "offset": [635, 648]}, {"key": "reference-trust-agreement", "type": "definition", "offset": [683, 708]}, {"key": "executed-and-delivered", "type": "clause", "offset": [740, 762]}, {"key": "the-sponsor", "type": "clause", "offset": [766, 777]}], "hash": "4c035d506d3d8bfe9191e8637fd6c18c", "id": 3}, {"size": 35, "samples": [{"hash": "4qfPP68v68E", "uri": "/contracts/4qfPP68v68E#initial-costs", "label": "Credit Facility Agreement", "score": 29.3408622742, "published": true}, {"hash": "lk5bTXoKySi", "uri": "/contracts/lk5bTXoKySi#initial-costs", "label": "Supplemental Agreement (Enodis PLC)", "score": 21.0, "published": true}, {"hash": "8VFnnMCnoFI", "uri": "/contracts/8VFnnMCnoFI#initial-costs", "label": "Credit Facility Agreement (PPL Corp)", "score": 21.0, "published": true}], "snippet": "The Company must pay to each Administrative Party the amount of all costs and expenses (including legal fees) reasonably incurred by it in connection with the negotiation, preparation, printing, execution and syndication of the Finance Documents.", "snippet_links": [{"key": "the-company-must", "type": "clause", "offset": [0, 16]}, {"key": "pay-to", "type": "definition", "offset": [17, 23]}, {"key": "administrative-party", "type": "definition", "offset": [29, 49]}, {"key": "costs-and-expenses", "type": "definition", "offset": [68, 86]}, {"key": "legal-fees", "type": "definition", "offset": [98, 108]}, {"key": "in-connection-with", "type": "clause", "offset": [136, 154]}, {"key": "the-finance-documents", "type": "clause", "offset": [224, 245]}], "hash": "6f0f2c34ac24b7faa61d4f437ae2df9c", "id": 4}, {"size": 13, "samples": [{"hash": "cXOYsERSuEV", "uri": "/contracts/cXOYsERSuEV#initial-costs", "label": "Credit Facility Agreement", "score": 29.3408622742, "published": true}, {"hash": "r8mOsjwAXd", "uri": "/contracts/r8mOsjwAXd#initial-costs", "label": "Credit Facility Agreement (Seaspan CORP)", "score": 23.188911438, "published": true}, {"hash": "XtfVJKkDWy", "uri": "/contracts/XtfVJKkDWy#initial-costs", "label": "Credit Facility Agreement (Seaspan CORP)", "score": 21.0, "published": true}], "snippet": "The Borrower must pay to each Finance Party the amount of all reasonable costs and expenses (including legal fees) incurred by it in connection with (but not limited to) the negotiation, preparation, printing and execution of the Finance Documents.", "snippet_links": [{"key": "the-borrower-must", "type": "clause", "offset": [0, 17]}, {"key": "pay-to", "type": "definition", "offset": [18, 24]}, {"key": "finance-party", "type": "definition", "offset": [30, 43]}, {"key": "reasonable-costs-and-expenses", "type": "clause", "offset": [62, 91]}, {"key": "legal-fees", "type": "definition", "offset": [103, 113]}, {"key": "in-connection-with", "type": "clause", "offset": [130, 148]}, {"key": "not-limited", "type": "clause", "offset": [154, 165]}, {"key": "execution-of-the-finance-documents", "type": "clause", "offset": [213, 247]}], "hash": "8cd743a73c3e7dda033c5525dbbe79c7", "id": 5}, {"size": 12, "samples": [{"hash": "fDKD8jqeKbu", "uri": "/contracts/fDKD8jqeKbu#initial-costs", "label": "Facility Agreement (TTM Technologies Inc)", "score": 21.7159481049, "published": true}, {"hash": "dW3FORwuID0", "uri": "/contracts/dW3FORwuID0#initial-costs", "label": "Credit Agreement (TTM Technologies Inc)", "score": 19.591375351, "published": true}, {"hash": "c2Ypv7DHbNI", "uri": "/contracts/c2Ypv7DHbNI#initial-costs", "label": "Credit Agreement (TTM Technologies Inc)", "score": 19.2792606354, "published": true}], "snippet": "Each Borrower must pay to each Administrative Party the amount of all costs and expenses (including legal fees) reasonably incurred by it in connection with the negotiation, preparation, printing, entry into and syndication of the 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"Break Costs"]], "children": [["initial-costs", "Initial Costs"], ["ownership-and-use-of-seismic-data", "Ownership and Use of Seismic Data"]], "title": "Initial Costs", "id": "initial-costs", "related": [["initial-cost", "Initial Cost", "Initial Cost"], ["additional-costs", "Additional Costs", "Additional Costs"], ["additional-costs-etc", "Additional Costs, Etc", "Additional Costs, Etc"], ["additional-expenses", "Additional Expenses", "Additional Expenses"], ["operating-costs", "Operating Costs", "Operating Costs"]], "related_snippets": [], "updated": "2026-05-02T06:01:41+00:00", "also_ask": ["What cost components are essential to specify for clarity and risk allocation?", "How can parties cap or limit initial costs to prevent budget overruns?", "What negotiation leverage exists around timing and responsibility for initial payments?", "How do initial cost provisions compare across similar contracts or jurisdictions?", "What are common enforceability challenges with initial cost clauses in court?"], "drafting_tip": "Specify which costs are included, allocate payment responsibility, and set payment deadlines to prevent disputes and ensure timely reimbursement.", "explanation": "The Initial Costs clause defines the expenses that must be paid at the outset of an agreement or project. Typically, this includes fees such as deposits, setup charges, or other upfront payments required before services commence or goods are delivered. By clearly outlining these initial financial obligations, the clause ensures both parties understand their immediate responsibilities and helps prevent disputes over early-stage payments."}, "json": true, "cursor": ""}}