Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 2 contracts
Samples: Trust Indenture and Agreement (McLaughlin Piven Vogel Family of Trusts Pinncacle Trust), Trust Indenture and Agreement (Schwab Strategic Ten Trust 1997 Series A)
Books Records and Reports. The Trustee shall keep -------------------------- proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Pinnacle Family of Trusts Internet Trust Series I)
Books Records and Reports. The Trustee shall keep -------------------------- proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the written request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon request. The Trustee shall maintain and provide, upon the request of a Unitholder or the Depositors, the Unitholders or the Unitholder's designated representative with the cost basis of the Securities represented by the Unitholder's Units. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2000 Series B)
Books Records and Reports. The Trustee shall --------------------------- keep proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Pinnacle Family of Trust Dogs of Tech Tr Se I & Fin Tr Se Ii)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions of each Trust and Book Entry Positions recorded on the books of the Trustee under this Indenture at its unit investment trust office the Trustee's Office including a record of the name and address of, and the Units Certificates issued by the each Trust and held by, every Unitholder, and such books and records of each Trust shall be open to inspection by any Unitholder of such Trust at all reasonable times during the Trustee's usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the The Trustee shall cause audited statements as to the assets and income of the each Trust to be prepared on an annual basis by independent public accountants selected by the DepositorsDepositor, providedPROVIDED, howeverHOWEVER, that (i) if the Depositors are then making Sponsor shall provide to the Trustee a market for units written representation concluding that in the best judgment of the Trust, Sponsor ceasing to prepare such annual audited statement would not have a material adverse impact on the Depositors shall bear marketability of the Units in the secondary market or (ii) if the cost to a Trust for preparation of such audit statements shall exceed an amount equivalent to $.05 per Unit on an annual basis then the extent that it exceeds $.50/unit of approximately $1000 initial value (or Trustee shall not be required to have such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon requeststatements prepared. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the TrusteeDepositor, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the each Trust required by law or regulation in connection with the maintenance of a secondary market in units of the each Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Standard Terms and Conditions of Trust (Nuveen Unit Trusts Series 1)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units Certificates issued by the Trust and held by, every UnitholderCertificate- holder, and such books and records shall be open to inspection by any Unitholder Certificateholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors Depositor upon the request of the Depositors Depositor including, but not limited to, a record of the name and address of of, and the Certificates issued by the Trust and held by, every UnitholderCertificateholder. Unless the Depositors Depositor otherwise directdirects, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the DepositorsDepositor, provided, however, that if the Depositors are Depositor is then making a market for units of the Trust, the Depositors Depositor shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders Certificateholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the DepositorsDepositor, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Equity Securities Trust Series 6)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors Depositor upon the request of the Depositors Depositor including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors Depositor otherwise directdirects, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value)Depositor. Such audited statement will be made available to Unitholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the DepositorsDepositor, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Smart Trust Tax Free Bond Trust Series 1)
Books Records and Reports. The Trustee shall keep -------------------------- proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the written request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon request. The Trustee shall maintain and provide, upon the request of a Unitholder or the Depositors, the Unitholders or the Unitholder's designated representative with the cost basis of the Securities represented by the Unitholder's Units. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trusts 2001 Series B)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions of each Trust Fund under this Indenture Agreement at its unit investment trust office including a record of the name and address of, and the Units Certificates issued by the each Trust Fund and held by, every Unitholder, and such books and records of each Trust Fund shall be open to inspection by any Unitholder of such Trust Fund at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise directDepositor determines that such an audit is not required, the Trustee account of each Trust Fund shall cause be audited statements as to the assets and income of the Trust to be prepared on an annual basis not less than annually by independent public accountants selected designated from time to time by the DepositorsDepositor and reports of such accountants shall be furnished by the Trustee, providedupon request, to Unitholders. The Trustee, however, that if the Depositors are then making a market in connection with any such audits shall not be obligated to use Trust Fund assets to pay for units such audits in excess of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount amounts indicated in the case of units of greater or lesser initial value). Such audited statement will be made available Prospectus relating to Unitholders upon requestsuch Trust Fund. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of independent counsel to the Depositors, reasonably acceptable Depositor satisfactory to the TrusteeTrustee or "no-action" letters issued by the staff of the Securities and Exchange Commission, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the a Trust Fund required by law or regulation in connection with the maintenance of a secondary market in units Units of the Trustsuch Trust Fund. Such costs may include include, but are not limited to to, accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal federal and state securities laws. The Such costs shall be a Trust Fund expense and the Trustee shall not be obligated to advance any of its own funds to make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunderpayments.
Appears in 1 contract
Samples: Standard Terms and Conditions of Trust (Nuveen Unit Trusts Series 104)
Books Records and Reports. The Trustee shall keep proper -------------------------- books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the written request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon request. The Trustee shall maintain and provide, upon the request of a Unitholder or the Depositors, the Unitholders or the Unitholder's designated representative with the cost basis of the Securities represented by the Unitholder's Units. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2003 Sereis B)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its unit investment trust office including a record of the name and address of, and the Units Certificates issued by the each Trust and held by, every Unitholder, and such books and records of each Trust shall be open to inspection by any Unitholder of such Trust at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise directDepositor determines that such an audit is not required, the Trustee account of each Trust shall cause be audited statements as to the assets and income of the Trust to be prepared on an annual basis not less than annually by independent public accountants selected designated from time to time by the DepositorsDepositor and reports of such accountants shall be furnished by the Trustee, providedupon request, however, that if to Unitholders. So long as the Depositors are then making Depositor is maintaining a secondary market for units of the TrustUnits, the Depositors Depositor shall bear the cost of such audit audits in excess of the amounts indicated in the Prospectus relating to the extent that it exceeds $.50/unit of approximately $1000 initial value such Trust (or such proportionate if no amount in the case of units of greater or lesser initial valueis therein specified, $.50 per 100 Units outstanding). Such audited statement will be made available to Unitholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of independent counsel to the Depositors, reasonably acceptable to the TrusteeDepositor, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the a Trust required by law or regulation in connection with the maintenance of a secondary market in units of the such Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal federal and state securities laws. The Such costs shall be a Trust expense and the Trustee shall not be obligated to advance any of its own funds to make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunderpayments.
Appears in 1 contract
Samples: Standard Terms and Conditions of Trust (Voyageur Unit Investment Trust Series 10)
Books Records and Reports. The Trustee shall keep proper -------------------------- books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors Depositor upon the written request of the Depositors Depositor including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors Depositor otherwise directdirects, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value)Depositor. Such audited statement will be made available to Unitholders upon request. The Trustee shall maintain and provide, upon the request of a Unitholder or the Depositor, the Unitholders or the Unitholder's designated representative with the cost basis of the Securities represented by the Unitholder's Units. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the DepositorsDepositor, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Equity Securities Trust Series 26 Equits Ii)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions under this Indenture at its unit investment corporate trust office including a record of the name and address of, and the Units Certificates issued by the Trust Fund and held by, by every UnitholderCertificateholder, and such books and records shall be open to inspection by any Unitholder Certificateholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors Depositor upon the request of the Depositors Depositor including, but not limited to, a record of the name and address of every UnitholderCertificateholder. Unless the Depositors Depositor otherwise directdirects, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the DepositorsDepositor, provided, however, that if the Depositors are Depositor is then making a market for units of the Trust, the Depositors -39- 406909.1 Depositor shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 1,000 initial value (or such proportionate amount in the case of units of greater or lesser initial value). In the event that the Depositor is not making a market for the Units of a Trust, then the Depositor may instruct the Trustee not to prepare such statements. Such audited statement will be made available to Unitholders Certificateholders upon request. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the TrusteeDepositor, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the each Trust required by law or regulation in connection with the maintenance of a secondary market in units of the each Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture (Glickenhaus Special Situations Trust Series 1)
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions of each Trust and Book Entry Positions recorded on the books of the Trustee under this Indenture at its unit investment trust office the Trustee's Office including a record of the name and address of, and the Units Certificates issued by the each Trust and held by, every Unitholder, and such books and records of each Trust shall be open to inspection by any Unitholder of such Trust at all reasonable times during the Trustee's usual business hours, and such books and records shall be made available to the Depositors upon the request of the Depositors including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors otherwise direct, the .; The Trustee shall cause audited statements as to the assets and income of the each Trust to be prepared on an annual basis by independent public accountants selected by the DepositorsDepositor, providedPROVIDED, howeverHOWEVER, that (i) if the Depositors are then making Sponsor shall provide to the Trustee a market for units written representation concluding that in the best judgment of the Trust, Sponsor ceasing to prepare such annual audited statement would not have a material adverse impact on the Depositors shall bear marketability of the Units in the secondary market or (ii) if the cost to a Trust for preparation of such audit statements shall exceed an amount equivalent to $.05 per Unit on an annual basis then the extent that it exceeds $.50/unit of approximately $1000 initial value (or Trustee shall not be required to have such proportionate amount in the case of units of greater or lesser initial value). Such audited statement will be made available to Unitholders upon requeststatements prepared. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the Depositors, reasonably acceptable to the TrusteeDepositor, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the each Trust required by law or regulation in connection with the maintenance of a secondary market in units of the each Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Books Records and Reports. The Trustee shall keep proper books of record and account of all the transactions under this Indenture at its unit investment trust office including a record of the name and address of, and the Units issued by the Trust and held by, every Unitholder, and such books and records shall be open to inspection by any Unitholder at all reasonable times during the usual business hours, and such books and records shall be made available to the Depositors Depositor upon the written request of the Depositors Depositor including, but not limited to, a record of the name and address of every Unitholder. Unless the Depositors Depositor otherwise directdirects, the Trustee shall cause audited statements as to the assets and income of the Trust to be prepared on an annual basis by independent public accountants selected by the Depositors, provided, however, that if the Depositors are then making a market for units of the Trust, the Depositors shall bear the cost of such audit to the extent that it exceeds $.50/unit of approximately $1000 initial value (or such proportionate amount in the case of units of greater or lesser initial value)Depositor. Such audited statement will be made available to Unitholders upon request. The Trustee shall maintain and provide, upon the request of a Unitholder or the Depositor, the Unitholders or the Unitholder’s designated representative with the cost basis of the Securities represented by the Unitholder’s Units. To the extent permitted under the Investment Company Act of 1940 as evidenced by an opinion of counsel to the DepositorsDepositor, reasonably acceptable to the Trustee, the Trustee shall pay, or reimburse to the Depositors Depositor or others, the costs of the preparation of documents and information with respect to the Trust required by law or regulation in connection with the maintenance of a secondary market in units of the Trust. Such costs may include but are not limited to accounting and legal fees, blue sky registration and filing fees, printing expenses and other reasonable expenses related to documents required under Federal and state securities laws. The Trustee shall make such annual or reports required to be made by the Trustee and other required reports as may from time to time be required directed by the Depositor under any applicable state or federal statute or rule or regulation thereunder.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Patriot Trust, Diversified Income Trust, 2007 Series A)