General Definition of Trustee’s Liabilities, Rights and Duties. The Trustee shall in its discretion undertake such action as it may deem necessary at any and all times to protect each Trust and the rights and interests of the Unitholders thereof pursuant to the terms of this Indenture, provided, however, that the expenses and costs of such actions, undertakings or proceedings shall be reimbursable to the Trustee from the Reserve, Income and Capital Accounts of such Trust and the payment of such costs and expenses shall be secured by a prior lien on such Trust.”
Appears in 11 contracts
Samples: Trust Agreement (Advisors Disciplined Trust 2257), Trust Agreement (Advisors Disciplined Trust 2256), Trust Agreement (Advisors Disciplined Trust 2250)