Rollover Distribution shall be defined as set forth in Section 5.05, herein."
Rollover Distribution means a rollover distribution as defined in Section 529A of the federal Internal Revenue Code of 1986, as amended.
Rollover Distribution shall be defined as set forth in Section 5.05, herein." 10. Section 1.01(37) shall be amended to read as follows: "(37) The term "Distribution Agent" shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein." 11. Section 1.01(38) shall be amended to read as follows: "(38) The term "Special Redemption and Liquidation Period" shall be redefined as "Special Redemption Date" and shall be as set forth in the Prospectus under "Summary of Essential Information - Special Redemption Date." 12. The Initial Date of Deposit for the Trust is the date hereof. 13. Section 2.01(c) of the Standard Terms and Conditions of Trust is hereby amended by adding the following at the conclusion thereof: "If any Contract Obligations requires settlement in a foreign currency, in connection with the deposit of such Contract Obligation the Depositor will deposit with the Trustee either an amount of such currency sufficient to settle the contract or a foreign exchange contract in such amount which settles concurrently with the settlement of the Contract Obligation and cash or a Letter of Credit in U.S. dollars sufficient to perform such foreign exchange contract." 14. Notwithstanding anything to the contrary appearing in the Standard Terms and Conditions of Trust, "Van Kampen American Capital Equity Opportunity Trust" will rxxxxxx "Xxlect Equity Trust." 15. The second sentence in the second paragraph of Section 3.11 shall be revised as follows: "However, should any issuance, exchange or substitution be effected notwithstanding such rejection or without an initial offer, any securities, cash and/or property received shall be deposited hereunder and shall be promptly sold, if securities or property, by the Trustee unless the Depositor advises the Trustee to keep such securities, cash or properties." 16. Article III of the Standard Terms and Conditions of Trust is hereby amended by inserting the following paragraph which shall be entitled Section 3.15.: "Section 3.15.
Examples of Rollover Distribution in a sentence
If the Unit holder's Rollover Distribution will produce insufficient cash proceeds to purchase all of the Units of a New Series contracted for, the Depositor agrees that the contract shall be rescinded with respect to the Units as to which there was a cash shortfall without any liability to the Rollover Unit holder or the Distribution Agent.
All Securities included in a Unit holder's Rollover Distribution shall be sold by the Distribution Agent during the Special Redemption and Liquidation Period specified in the Prospectus pursuant to the Depositor's direction, and the Distribution Agent shall, unless directed otherwise by the Depositor, employ the Depositor as broker in connection with such sales.
Any Securities that are made part of the Rollover Distribution shall be valued for purposes of the redemption distribution as of the redemption date.
Upon completion of all sales of Securities included in the Rollover Unit holder's Rollover Distribution, the Distribution Agent shall, as agent for such Rollover Unit holder, enter into a contract with the Depositor to purchase from the Depositor Units of a New Series (if any), at the Depositor's public offering price for such Units on such day, and at such reduced sales charge as shall be described in the prospectus for such Trust.
Subject to payment by such Rollover Unit holder of any tax or other governmental charges which may be imposed thereon, such redemption is to be made in kind pursuant to Section 5.02 by distribution of cash and/or Securities to the Distribution Agent on the redemption date equal to the net asset value (determined on the basis of the Trust Fund Evaluation as of the redemption date in accordance with Section 4.01) multiplied by the number of Units being redeemed (herein called the "Rollover Distribution").
More Definitions of Rollover Distribution
Rollover Distribution shall be defined as set forth in Section 5.05, herein." 10. Section 1.01(37) shall be amended to read as follows: "(37) The term "Distribution Agent" shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein." 11. Section 1.01(38) shall be amended to read as follows: "(38) The term "Special Redemption and Liquidation Period" shall be redefined as "Special Redemption Date" and shall be as set forth in the Prospectus under "Summary of Essential Information - Special Redemption Date." 12. The Initial Date of Deposit for the Trust is September 23, 1997. 13. Notwithstanding anything to the contrary appearing in the Standard Terms and Conditions of Trust, "Van Kampen American Capital Equity Opportunity Trust" will rxxxxxx "Xxlect Equity Trust." 14. The second sentence in the second paragraph of Section 3.11 shall be revised as follows: "However, should any issuance, exchange or substitution be effected notwithstanding such rejection or without an initial offer, any securities, cash and/or property received shall be deposited hereunder and shall be promptly sold, if securities or property, by the Trustee unless the Depositor advises the Trustee to keep such securities, cash or properties." 15. Article III of the Standard Terms and Conditions of Trust is hereby amended by inserting the following paragraph which shall be entitled Section 3.17.: "Section 3.17.
Rollover Distribution means a transfer of funds made:
Rollover Distribution shall be defined as set forth in Section 5.05, herein" I. Section 1.01(29) shall be added to read as follows: "(29) The term "Distribution Agent" shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.02 herein." J. Section 1.01(30) shall be added to read as follows: "(30) The term "Special Redemption and Liquidation Period" shall be as set forth in the Prospectus under "Summary of Essential Information."
Rollover Distribution shall have the meaning assigned to it in Section 6.04.
Rollover Distribution shall be defined as set forth in Section 5.05, herein." E. Section 1.01(29) shall be added to read as follows: "(29) The term "Distribution Agent" shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.02 herein." F. Section 1.01(30) shall be added to read as follows: "(30) The term "Special Redemption and Liquidation Period" shall be as set forth in the Prospectus under "Summary of Essential Information." G. The term "Capital Account" as set forth in the Prospectus shall be deemed to refer to the "Principal Account." H. The following sentence shall be substituted for the second sentence of paragraph (b) of Section 2.01: The Depositor, in each case, shall ensure that each deposit of additional Securities pursuant to this Section shall be, as nearly as is practicable, in the identical ratio as the Percentage Ratio for such Securities as is specified in the Trust Agreement for each Trust (provided, however, that any deposit of additional securities made subsequent to the 90-day period following the first deposit of securities in a Trust shall exactly replicate such Percentage Ratio), and the Depositor shall ensure that such Securities are identical to those deposited on the Initial Date of Deposit.
Rollover Distribution means a dis- tribution or transfer from an account for a beneficiary that is transferred or deposited within sixty (60) days of the distribution into an account for another beneficiary who is a member of the family of the current benefi- ciary, in each case to the extent permitted as a rollover distribution, as defined in section 529(c)(3)(C)(i) of the Internal Revenue Code and the Treasury regulations (or proposed regulations) promulgated thereunder. A dis- tribution is not a rollover distribution unless there is a change of beneficiary. The account for such other beneficiary may be an account established under the savings program or an account established under a qualified state tuition program in another state;
Rollover Distribution shall be defined as set forth in Section 5.05, herein." E. Section 1.01(29) shall be added to read as follows: "(29) The term "Distribution Agent" shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.02 herein." F. Section 1.01(30) shall be added to read as follows: "(30) The term "Special Redemption and Liquidation Period" shall be as set forth in the Prospectus under "Summary of Essential Information." The dates specified in the Prospectus for the "Interim Special Redemption Period" and the "Final Special Redemption and Liquidation Period" in "Summary of Essential Information" shall also apply individually to the term "Special Redemption and Liquidation Period" provided herein. In addition, any reference to the "Special Redemption and Liquidation Period" as it relates exclusively to "Interim Rollover Unit holders" shall be interpreted to apply only to such Unit holders and any reference to the "Special Redemption and Liquidation Period" as it relates exclusively to "Final Rollover Unit holders" shall be interpreted to apply only to such Unit holders. G. The term "Principal Account" as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."