Principal Value Clause Samples

Principal Value. To the aggregate value of investments determined under Section 5.2, there shall be added: (a) Uninvested principal cash. (b) The value of any rights or stock dividends determined by the Trustee to be principal which may have been declared but unpaid as of the valuation date when the particular security has been valued ex-rights or ex-dividends. (c) The amount of any other assets determined by the Trustee to be principal. From the sum so obtained there shall be deducted: (i) Any charges, taxes, expenses and other liabilities as would, in the discretion of the Trustee, properly be chargeable to principal. (ii) Whatever reasonable reservation the Trustee shall deem advisable for any charges, taxes, expenses and other liabilities which would, in the discretion of the Trustee, properly be chargeable to principal, and which are anticipated and applicable in whole or in part to any period prior to the date as of which such valuation is made. The amount remaining shall be deemed to be the net principal value of this Fund on the date such valuation is made. The rules provided herein shall supersede any contrary provisions of the Connecticut Principal and Income Act.