Common use of DECLARATION OF TRUST; PURPOSES OF THE TRUST Clause in Contracts

DECLARATION OF TRUST; PURPOSES OF THE TRUST. The Sponsors hereby create the Trust in order that it may acquire the U.S. Treasury Securities, enter into the Contract, issue and sell to the Sponsors and the several Underwriters the STRYPES, 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 Trust Agreement, all for the purpose of achieving the investment objectives set forth in the Prospectus. 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 Depositor has heretofore deposited with the Initial Trustee the sum of $1 to accept and hold in trust hereunder until the issuance and sale of the STRYPES to the several Underwriters, 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.

Appears in 2 contracts

Samples: Trust Agreement (Xyz Strypes Trust), Trust Agreement (Nextel Strypes Trust)

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DECLARATION OF TRUST; PURPOSES OF THE TRUST. The Sponsors Sponsor ------------------------------------------- hereby create creates the Trust in order that it may acquire the U.S. Treasury Securities, enter into the Contract, issue and sell to the Sponsors Sponsor and the several Underwriters the STRYPES, 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 Trust Agreement, all for the purpose of achieving the investment objectives set forth in the Prospectus. 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 Depositor has heretofore deposited with the Initial Trustee Trustees the sum of $1 to accept and hold in trust hereunder until the issuance and sale of the STRYPES to the several Underwriters, 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.

Appears in 1 contract

Samples: Trust Agreement (Snyder Strypes Trust)

DECLARATION OF TRUST; PURPOSES OF THE TRUST. The Sponsors Sponsor hereby create creates the Trust in order that it may acquire the U.S. Treasury Securities, enter into the Contract, issue and sell to the Sponsors Sponsor and the several Underwriters Underwriter the STRYPES, 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 Trust Agreement, all for the purpose of achieving the investment objectives set forth in the Prospectus. 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 Depositor has heretofore deposited with the Initial Trustee the sum of $1 to accept and hold in trust hereunder until the issuance and sale of the STRYPES to the several UnderwritersUnderwriter, 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.

Appears in 1 contract

Samples: Trust Agreement (WBK Strypes Trust)

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DECLARATION OF TRUST; PURPOSES OF THE TRUST. The Sponsors Sponsor hereby create creates the Trust in order that it may acquire the U.S. Treasury Securities, enter into the Contract, issue and sell to the Sponsors Sponsor and the several Underwriters the STRYPES, 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 Trust Agreement, all for the purpose of achieving the investment objectives set forth in the Prospectus. 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 Depositor has heretofore deposited with the Initial Trustee Trustees the sum of $1 to accept and hold in trust hereunder until the issuance and sale of the STRYPES to the several Underwriters, 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.

Appears in 1 contract

Samples: Trust Agreement (Dollar General Strypes Trust)

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