Common use of The Trust Account Clause in Contracts

The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contracts, the Treasury Securities, any other U.S. Treasury securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5 hereof, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters of the Securities after the purchase of the Contracts and the Treasury Securities and the payment of the Trust's expenses described in Section 3.2 hereof shall be credited to the Trust Account.

Appears in 2 contracts

Samples: Trust Agreement (Estee Lauder Automatic Common Exchange Security Trust), Trust Agreement (Fourth Automatic Common Exchange Security Trust)

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The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contracts, the Treasury Securities, any other U.S. Treasury securities Government Securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5 hereof3.5, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters Initial Purchasers of the Securities remaining after the purchase of the Contracts and the Treasury Securities and the payment of the Trust's fees and expenses of the Trust described in Section 3.2 hereof 3.2, and the Treasury Securities shall be credited to the Trust Account.

Appears in 1 contract

Samples: Trust Agreement (2010 Swift Mandatory Common Exchange Security Trust)

The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the ContractsContract, the Treasury Securities, any other U.S. Treasury securities Government Securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5 hereof3.5, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters Purchasers of the Securities remaining after the purchase of the Contracts and the Treasury Securities Contract and the payment of the Trust's fees and expenses of the Trust described in Section 3.2 hereof 3.2, and the Treasury Securities shall be credited to the Trust Account.

Appears in 1 contract

Samples: Trust Agreement (2009 Dole Food Automatic Common Exchange Security Trust)

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The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the ContractsContract, the Treasury Securities, any other U.S. Treasury securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5 hereof, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters of the Securities after the purchase of the Contracts Contract and the Treasury Securities and the payment of the Trust's expenses described in Section 3.2 hereof shall be credited to the Trust Account.

Appears in 1 contract

Samples: Trust Agreement (CVS Automatic Common Exchange Security Trust)

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