Common use of Acceptance by Trustee Clause in Contracts

Acceptance by Trustee. With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities now existing or hereafter acquired, and declares that it will hold such Underlying Securities and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given Series, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 63 contracts

Samples: Series Supplement (Merrill Lynch Depositor Inc), Series Supplement (Pplus Trust Series PMC-1), Series Supplement (Merrill Lynch Depositor Inc Preferredplus Trust Ser QWS- 1)

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Acceptance by Trustee. With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities and the related documents referred to in Section 2.01, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 19 contracts

Samples: Trust Agreement (Freedom Depository LLC), Series Supplement Corporate Bond Backed Certificates (Lehman Abs Corp), Series Supplement (Lehman Abs Corp)

Acceptance by Trustee. With respect to each Series, --------------------- the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities Securities, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 4 contracts

Samples: Series Supplement (Elmwood Funding LTD), Series Supplement (Elmwood Funding LTD), Trust Agreement (Elmwood Funding LTD)

Acceptance by Trustee. With respect to each --------------------- Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities and the related documents referred to in Section 2.01, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 4 contracts

Samples: Series Supplement (Lehman Abs Corp), Series Supplement Corporate Bond Backed Certificates (Lehman Abs Corp), Series Supplement Bond Backed Certificates (Lehman Abs Corp)

Acceptance by Trustee. With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities Deposited Shares now existing or hereafter acquired, and declares that it will hold such Underlying Securities Deposited Shares and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities Deposited Shares acquired from a Person other than the Initial Depositor) comprising the Trust for a given Series, in trust for the exclusive use and benefit of all present and future Certificateholders Owners of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 1 contract

Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc)

Acceptance by Trustee. With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities and the related documents referred to in Section 2.1, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 1 contract

Samples: Supplement (Prudential Securities Structured Assets Inc)

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Acceptance by Trustee. With respect to each --------------------- Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities Securities, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Elmwood Funding LTD)

Acceptance by Trustee. With respect to each Series, the --------------------- Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities and the related documents referred to in Section 2.01, now existing or hereafter acquired, and declares that it will hold such Underlying Securities and documents and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Db Depositor Inc)

Acceptance by Trustee. With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities Trust Estate now existing or hereafter acquired, and the related documents referred to in Section 2.01, and declares that it will hold such Underlying Securities Trust Estate and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities Trust Estate acquired from a Person other than the Depositor) comprising the Trust for a given SeriesSeries of Certificates, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Bond Products Depositor LLC)

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