Common use of Acceptance of Trust Fund by Grantor Trust Trustee; Initial Issuance of Grantor Trust Certificates Clause in Contracts

Acceptance of Trust Fund by Grantor Trust Trustee; Initial Issuance of Grantor Trust Certificates. The Grantor Trust Trustee acknowledges receipt of the Underlying Agreement and the receipt by it and the transfer, delivery and assignment to it of the Underlying Securities, in good faith and without notice of any adverse claim, and the assignment to it of all other assets included in the Trust Fund and declares that it holds and will hold the Underlying Securities and all other assets included in the Trust Fund in trust for the exclusive use and benefit of all present and future Grantor Trust Certificateholders in accordance with the terms of this Agreement. Concurrently with such transfer, delivery and assignment and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Grantor Trust Trustee has executed and caused to be authenticated and delivered to or upon the order of the Depositor, the Grantor Trust Certificates in authorized denominations evidencing the entire beneficial ownership of the Trust Fund. Until the Trust Fund is terminated in accordance with Section 7.01, except as provided herein, the Grantor Trust Trustee shall not assign, sell, dispose of or transfer any interest in the Underlying Securities or any other asset constituting the Trust Fund or permit the Underlying Securities or any other asset constituting the Trust Fund to be subjected to any lien, claim or encumbrance arising by, through or under the Grantor Trust Trustee or any person claiming by, through or under the Grantor Trust Trustee.

Acceptance of Trust Fund by Grantor Trust Trustee; Initial Issuance of Grantor Trust Certificates. The Grantor Trust Trustee acknowledges receipt of the Underlying Agreement Agreements and the receipt by it and the transfer, delivery and assignment to it of the Underlying Securities, in good faith and without notice of any adverse claim, and the assignment to it of all other assets included in the Trust Fund and declares that it holds and will hold the Underlying Securities and all other assets included in the Trust Fund in trust for the exclusive use and benefit of all present and future related Grantor Trust Certificateholders in accordance with the terms of this Agreement. Concurrently with such transfer, delivery and assignment and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Grantor Trust Trustee has executed and caused to be authenticated and delivered to or upon the order of the Depositor, the Grantor Trust Certificates in authorized denominations evidencing the entire beneficial ownership of the Trust Fund. Until the related Sub-Trust Fund is terminated in accordance with Section 7.01, except as provided herein, the Grantor Trust Trustee shall not assign, sell, dispose of or transfer any interest in the related Underlying Securities or any other asset constituting the related Sub-Trust Fund or permit the related Underlying Securities or any other asset constituting the related Sub-Trust Fund to be subjected to any lien, claim or encumbrance arising by, through or under the Grantor Trust Trustee or any person claiming by, through or under the Grantor Trust Trustee.