Common use of Compliance With Commission Order Clause in Contracts

Compliance With Commission Order. We hereby agree as follows: (a) we will refund all sales charges to purchasers of Units from us or any dealer participating in the distribution of Units who purchased such Units from us if, within ninety days from the time that the Registration Statement of the respective Units under the 1933 Act shall have become effective, (i) the net worth of the trust shall be reduced to less than 20% of the principal amount of Securities originally deposited therein or (ii) the Trust shall have been terminated; (b) you may instruct the Trustee on the Date of Deposit that, in the event that redemption by any Underwriters of Units constituting part of any unsold allotment of Units shall result in the Trust having a net worth of less than 40% of the principal amount of Securities originally deposited therein, the Trustee shall terminate the Trust in the manner provided in the Trust Indenture and Agreement (as defined in the Prospectus) and distribute the Securities and other assets of the Trust pursuant to the provisions of the Trust Indenture and Agreement; and (c) in the event that the Trust shall have been terminated pursuant to (b) above, we will refund any sales charges to any purchaser of such Units who purchased from us, or purchased from a dealer participating in the distribution of such Units who purchased such Units from us. We authorize you to charge our account for all refunds of sales charges in respect to our Units.