Common use of Additional Covenants of the Depositor Clause in Contracts

Additional Covenants of the Depositor. The Depositor hereby covenants and agrees that: (a) The business and affairs of the Depositor will be managed by or under the direction of its board of trustees in accordance with its certificate of incorporation and bylaws. The Depositor will keep correct and complete books and records of accounts and minutes of the meetings and other proceedings of the board of trustees. Any such resolutions, agreements and other instruments will be continuously maintained as official records by the Depositor. (b) The Depositor will at all times ensure that its capitalization is adequate in light of its business and purposes. The Depositor will pay from its own funds and assets (and not the Trust's) all obligations and indebtedness incurred by it. (c) The Depositor will not conduct its business in the name of the Trust.

Additional Covenants of the Depositor. The Depositor hereby covenants and agrees that: (a) The business and affairs of the Depositor will be managed by or under the direction of its board of trustees directors in accordance with its certificate of incorporation and bylawsby-laws. The Depositor will keep correct and complete books and records of accounts and minutes of the meetings and other proceedings of the board of trusteesdirectors. Any such resolutions, agreements and other instruments will be continuously maintained as official records by the Depositor. (b) The Depositor will at all times ensure that its capitalization is adequate in light of its business and purposes. The Depositor will pay from its own funds and assets (and not the Trust's) all obligations and indebtedness incurred by it. (c) The Depositor will not conduct its business in the name of the Trust.

Additional Covenants of the Depositor. The Depositor hereby covenants and agrees that: (a) The business and affairs of the Depositor will be managed by or under the direction of its board of trustees directors in accordance with its certificate of incorporation and bylawsby-laws. The Depositor will keep correct and complete books and records of accounts and minutes of the meetings and other proceedings of the its board of trusteesdirectors. Any such resolutions, agreements and other instruments will be continuously maintained as official records by the Depositor. (b) The Depositor will at all times ensure that its capitalization is adequate in light of its business and purposes. The Depositor will pay from its own funds and assets (and not the Trust's) all obligations and indebtedness incurred by it. (c) The Depositor will not conduct its business in the name of the TrustTrust or the Company.