Common use of Accounting Treatment Clause in Contracts

Accounting Treatment. The Depositor hereby authorizes and directs the Securities Administrator to adopt, on behalf of the Trust, Statement of Financial Accounting Standard No. 155, Accounting for Certain Hybrid Financial Instruments an amendment of FASB Statements No. 133 and 140 and to reflect those assets meeting the requirements of this standard at fair value for purposes of reporting financial information in accordance with U.S. Generally Accepted Accounting Principles and the Securities Administrator hereby so agrees to take the above actions; provided, however, that such actions shall not increase the obligations of the Securities Administrator under this Agreement.

Accounting Treatment. The Depositor hereby authorizes and directs the Securities Administrator Trustee to adopt, on behalf of the Trust, and the Trustee hereby does adopt Statement of Financial Accounting Standard No. 155, Accounting for Certain Hybrid Financial Instruments an amendment of FASB Statements No. 133 and 140 and to reflect those assets meeting the requirements of this standard at fair value for purposes of reporting financial information in accordance with U.S. Generally Accepted Accounting Principles and the Securities Administrator Trustee hereby so agrees to take the above actions; provided, however, that such actions shall not increase the obligations of the Securities Administrator Trustee under this Agreement.