Common use of Grantor Trust Status Clause in Contracts

Grantor Trust Status. Notwithstanding any provision in the Standard Terms to the contrary, the Trustee, the Certificateholders, or any other person may not act or refrain from acting, by vote or otherwise, in a manner that is inconsistent with the status of the Trust as a grantor trust for federal income tax purposes.

Appears in 4 contracts

Samples: Market Agent Agreement (Merrill Lynch Dep Inc Public Steers Trust Cert Ser 1998 F-Z4), Market Agent Agreement (Merrill Lynch Dep Inc Public Steers Trust Cert Ser 1998 F-Z4), Market Agent Agreement (Merrill Lynch Depositor Inc)

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