Common use of Declaration of Trust; Purposes of the Trust; Resignation and Appointment of Trustees Clause in Contracts

Declaration of Trust; Purposes of the Trust; Resignation and Appointment of Trustees. (a) The Settlor hereby creates the Trust in order that it may acquire the stripped Treasury Securities, enter into the Contract, issue and sell to the Settlor and the Initial Purchasers the Trust Securities, hold the Trust Estate in trust for the use and benefit of all present and future Holders, and otherwise carry out the terms and conditions of this Agreement, all for the purpose of achieving the investment objectives set forth in the Offering Circular. The Trustees hereby declare that they will accept and hold the Trust Estate in trust for the use and benefit of all present and future Holders. The Settlor has heretofore deposited with the Trustees the sum of $100 to accept and hold in trust hereunder until the issuance and sale of the Trust Securities to the Initial Purchasers, whereupon such sum shall be donated to an organization satisfying the requirements of Section 170(c)(2) of the Code selected by unanimous consent of the Trustees. (b) Xxxxxxx X. Xxxxxxx hereby resigns as trustee of the Trust, in accordance with the provisions of Section 5 of the Original Agreement, and the Settlor, as the sole holder of any beneficial interest in the Trust as of the date of this Agreement, hereby accepts the resignation of Xxxxxxx X. Xxxxxxx and appoints and elects Xxxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxx, III and Xxxxx X. X’Xxxxx to be the Trustees of the Trust under this Agreement.

Declaration of Trust; Purposes of the Trust; Resignation and Appointment of Trustees. (a) The Settlor Sponsor hereby creates the Trust in order that it may acquire the stripped Treasury Securities, enter into the ContractContracts, issue and sell to the Settlor Sponsor and the Initial Purchasers the Trust Securities, hold the Trust Estate in trust for the use and benefit of all present and future Holders, and otherwise carry out the terms and conditions of this Agreement, all for the purpose of achieving the investment objectives set forth in the Offering CircularMemorandum. The Trustees hereby declare that they will accept and hold the Trust Estate in trust for the use and benefit of all present and future Holders. The Settlor Sponsor has heretofore deposited with the Trustees the sum of $100 to accept and hold in trust hereunder until the issuance and sale of the Trust Securities to the Initial Purchasers, whereupon such sum shall be donated to an organization satisfying the requirements of Section 170(c)(2) of the Code selected by unanimous consent of the Trustees. (b) Xxxxxxx X. Xxxxxxx Xxxxxx Xxxxxx hereby resigns as trustee of the Trust, in accordance with the provisions of Section 5 of the Original Agreement, and the SettlorSponsor, as the sole holder of any beneficial interest in the Trust as of the date of this Agreement, hereby accepts the resignation of Xxxxxxx X. Xxxxxxx Xxxxxx Xxxxxx and appoints and elects Xxxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxx, III and Xxxxx X. X’Xxxxx to be the Trustees of the Trust under this Agreement; provided, that such persons meet the requirements of Section 7.1.

Declaration of Trust; Purposes of the Trust; Resignation and Appointment of Trustees. (a) The Settlor hereby creates the Trust in order that it may acquire the stripped Treasury Securities, enter into the ContractContracts, issue and sell to the Settlor and the Initial Purchasers the Trust Securities, hold the Trust Estate in trust for the use and benefit of all present and future Holders, and otherwise carry out the terms and conditions of this Agreement, all for the purpose of achieving the investment objectives set forth in the Offering Circular. The Trustees hereby declare that they will accept and hold the Trust Estate in trust for the use and benefit of all present and future Holders. The Settlor has heretofore deposited with the Trustees the sum of $100 to accept and hold in trust hereunder until the issuance and sale of the Trust Securities to the Initial Purchasers, whereupon such sum shall be donated to an organization satisfying the requirements of Section 170(c)(2) of the Code selected by unanimous consent of the Trustees. (b) Xxxxxxx X. Xxxxxxx Dewen Tarn hereby resigns as trustee of the Trust, in accordance with the provisions of Section 5 of the Original Agreement, and the Settlor, as the sole holder of any beneficial interest in the Trust as of the date of this Agreement, hereby accepts the resignation of Xxxxxxx X. Xxxxxxx Dewen Tarn and appoints and elects Xxxxxx X. Xxxxxxx, Xxxxxxx X. Xxxxxx, III and Xxxxx X. X’Xxxxx to be the Trustees of the Trust under this Agreement.

Declaration of Trust; Purposes of the Trust; Resignation and Appointment of Trustees. (a) The Settlor Sponsor hereby creates the Trust in order that it may acquire the stripped Treasury Securities, enter into the Contract, issue and sell to the Settlor Sponsor and the Initial Purchasers the Trust Securities, hold the Trust Estate in trust for the use and benefit of all present and future Holders, and otherwise carry out the terms and conditions of this Agreement, all for the purpose of achieving the investment objectives set forth in the Offering Circular. The Trustees hereby declare that they will accept and hold the Trust Estate in trust for the use and benefit of all present and future Holders. The Settlor Sponsor has heretofore deposited with the Trustees the sum of $100 10 to accept and hold in trust hereunder until the issuance and sale of the Trust Securities to the Initial Purchasers, whereupon such sum shall be donated to an organization satisfying the requirements of Section 170(c)(2) of the Code selected by unanimous consent of the Trustees. (b) Xxxxxxx X. Xxxxxxx Jxxxx Xxx hereby resigns as trustee of the Trust, in accordance with the provisions of Section 5 of the Original Agreement, and the SettlorSponsor, as the sole holder of any beneficial interest in the Trust as of the date of this Agreement, hereby accepts the resignation of Xxxxxxx X. Xxxxxxx Jxxxx Xxx and appoints and elects Xxxxxx Dxxxxx X. Xxxxxxx, Xxxxxxx Wxxxxxx X. Xxxxxx, III and Xxxxx Jxxxx X. X’Xxxxx to be the Trustees of the Trust under this Agreement.