Notice and Sale by Trustee. If at any time there has been a failure to pay a declared dividend on the Fund Shares the Trustee shall notify the Depositor thereof. If within thirty days after such notification the Depositor has not given any written instruction to sell or to hold or has not taken any other action in connection with such Fund Shares, the Trustee shall sell such Fund Shares forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.
Appears in 4 contracts
Samples: Trust Indenture and Agreement (Government Securities Equity Trust Series 11), Trust Indenture and Agreement (Government Securities Equity Trust Series 8), Trust Indenture and Agreement (Government Securities Equity Trust Series 10)
