Common use of Initial Cost Clause in Contracts

Initial Cost. Subject to reimbursement by Unitholders to the Depositors of the estimated per-Unit amount set forth in the Prospectus, the cost of organizing the Trust and sale of the Trust Units shall be borne by the Depositors, provided, however, that the liability on the part of the Depositors 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 2.1. As used herein, the Depositors' 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, SEC and state blue sky registration fees, the cost 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."

Appears in 14 contracts

Samples: Reference Trust Agreement (Empire State Municipal Exempt Trust Guaranteed Series 149), Reference Trust Agreement (Empire State Municipal Exempt Trust Guaranteed Series 154), Reference Trust Agreement (Empire State Municipal Exempt Trust Guaranteed Series 151)

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Initial Cost. Subject to reimbursement by Unitholders to the Depositors Depositor of the estimated per-Unit amount set forth in the Prospectus, the cost of organizing the Trust and sale of the Trust Units shall be borne by the DepositorsDepositor, provided, however, that the liability on the part of the Depositors 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 2.1. As used herein, the Depositors' 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, SEC and state blue sky registration fees, the cost 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."

Appears in 1 contract

Samples: Trust Indenture and Agreement (Empire State Municipal Exempt Trust Guaranteed Series 182)

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Initial Cost. Subject to reimbursement by Unitholders to the Depositors of the estimated per-per- Unit amount set forth in the Prospectus, the cost of organizing the Trust and sale of the Trust Units shall be borne by the Depositors, provided, however, that the liability on the part of the Depositors 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 2.1. As used herein, the Depositors' 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, SEC and state blue sky registration fees, the cost 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."

Appears in 1 contract

Samples: Reference Trust Agreement (Empire State Municipal Exempt Trust Guaranteed Series 142)

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