PURPOSES, POWERS AND DUTIES OF THE TRUSTEES Sample Clauses

PURPOSES, POWERS AND DUTIES OF THE TRUSTEES. ADMINISTRATION

PURPOSES, POWERS AND DUTIES OF THE TRUSTEES. ADMINISTRATION 6 Section 2.1 Declaration of Trust; Purposes of the Trust; Resignation and Appointment of Trustees 6 Section 2.2 General Powers and Duties of the Trustees 7 Section 2.3 Portfolio Acquisition 8 Section 2.4 Portfolio Administration 9 Section 2.5 Manner of Sales 14 Section 2.6 Limitations on Trustees’ Powers 15 Article III. ACCOUNTS AND PAYMENTS 15 Section 3.1 The Trust Account 15 Section 3.2 Payment of Fees and Expenses 16 Section 3.3 Distributions to Holders 16 Section 3.4 Segregation 16 Section 3.5 Documentary Taxes 16 Article IV. REDEMPTION 16 Section 4.1 Redemption 16 Article V. ISSUANCE OF CERTIFICATES; REGISTRY; TRANSFER OF TRUST SECURITIES 17 Section 5.1 Form of Certificate 17 Section 5.2 Transfer of Trust Securities; Issuance, Transfer and Interchange of Certificates 18 Section 5.3 Replacement of Certificates 19 Article VI. EXECUTION OF THE CONTRACT 20 Section 6.1 Execution of the Contract 20 Article VII. TRUSTEES 20 Section 7.1 Trustees 20 Section 7.2 Vacancies 21 Section 7.3 Powers 21 Section 7.4 Meetings 21 Section 7.5 Resignation and Removal 21 Section 7.6 Liability 21 Section 7.7 Compensation 22 Article VIII. MISCELLANEOUS 22 Section 8.1 Meetings of Holders 22 Section 8.2 Books and Records; Reports 23 Section 8.3 Termination 24 Section 8.4 No Assumption of Liability 24 Section 8.5 Amendment and Waiver 25 Section 8.6 Accountants 26 Section 8.7 Nature of Holder’s Interest 26 Section 8.8 Instructions from Trust Security Holders 27 Section 8.9 Governing Law; Severability 27 Section 8.10 Notices 27 Section 8.11 Entire Agreement 28 Section 8.12 Non-Assignability 28 Section 8.13 No Third Party Rights; Successors and Assigns 28 Section 8.14 Counterparts 28 Exhibit A – Form of Certificate Evidencing the Trust Securities AMENDED AND RESTATED TRUST AGREEMENT (this “Agreement”), dated as of June 1, 2016, among ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, as settlor or trustor (the “Settlor”), ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, as the prior trustee, and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III and ▇▇▇▇▇ ▇. ▇’▇▇▇▇▇, as trustees (the “Trustees”), constituting the Mandatory Exchangeable Trust (the “Trust”).