Common use of Sale of Securities Clause in Contracts

Sale of Securities. (a) If necessary, in order to maintain the sound investment character of a Trust, the Depositor may direct the Trustee to sell, liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Supervisor has determined, if appropriate, that any one or more of the following conditions exist with respect to such Securities:

Sale of Securities. (a) If necessary, in order to maintain the sound investment character of a Trust, the Depositor may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Supervisor has determined, if appropriate, that any one or more of the following conditions exist with respect to such Securitiesthe Securities to be sold:

Sale of Securities. (a) If necessary, in order to maintain the sound investment character of a Trust, the Depositor Supervisor may direct the Trustee to sell, liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the DepositorSupervisor, provided that the Supervisor has determined, if appropriate, that any one or more of the following conditions exist with respect to such Securities:

Sale of Securities. (a) If necessary, in In order to maintain the sound investment character of a the Trust, the Depositor may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Supervisor Depositor has determined, if appropriate, determined that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound investment character of a the Trust, the Depositor may by written notice direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Supervisor Depositor has determined, if appropriatewith respect to the Securities to be sold, that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound investment character of a the Trust, the Depositor Depositors may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the DepositorDepositors, provided that the Supervisor has determined, if appropriate, Depositors have determined that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound ------------------ investment character of a the Trust, the Depositor Depositors may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the DepositorDepositors, provided that the Supervisor has determinedDepositors have determined with the advice of the Portfolio Supervisor, if appropriate, that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound investment character of a the Trust, the Depositor may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price prices and time times and in such manner as shall be determined by the Depositor, provided that the Supervisor Depositor has determined, if appropriate, determined that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound ------------------ investment character of a the Trust, the Depositor may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Supervisor Depositor has determineddetermined with the advice of the Portfolio Supervisor, if appropriate, that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound ------------------ investment character of a the Trust, the Depositor Depositors may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the DepositorDepositors, provided that the Supervisor has determined, if appropriate, Depositors have determined that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound investment ------------------ character of a the Trust, the Depositor Depositors may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the DepositorDepositors, provided that the Supervisor has determinedDepositors have determined with the advice of the Portfolio Supervisor, if appropriate, that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound ------------------- investment character of a the Trust, the Depositor Depositors may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the DepositorDepositors, provided that the Supervisor has determined, if appropriate, Depositors have determined that any one or more of the following conditions exist with respect to such Securitiesexist:

Sale of Securities. (a) If necessary, in In order to maintain the sound investment character of a the Trust, the Depositor may direct the Trustee to sell, sell or liquidate or otherwise dispose of Securities in such Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Supervisor Depositor has determineddetermined with the advice of the Portfolio Supervisor, if appropriate, that any one or more of the following conditions exist with respect to such Securitiesexist: