Initial Contribution of Trust Property. Organizational ------------------------------------------------------ Expenses. The Trustees acknowledge receipt in trust from the Depositor in -------- connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Appears in 2 contracts
Samples: Trust Agreement (Abc Bancorp Capital Trust I), Trust Agreement (Abc Bancorp Capital Trust I)
Initial Contribution of Trust Property. Organizational ------------------------------------------------------ Expenses. The Trustees acknowledge Property Trustee acknowledges receipt in trust from the Depositor in -------- connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Appears in 1 contract
Samples: Trust Agreement (Rouse Company)
Initial Contribution of Trust Property. Organizational ------------------------------------------------------ Expenses. --------- The Trustees acknowledge Property Trustee acknowledges receipt in trust from the Depositor in -------- connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Appears in 1 contract
Initial Contribution of Trust Property. Organizational ------------------------------------------------------ Expenses. The Trustees acknowledge Trustee acknowledges receipt in trust from the Depositor in -------- connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Appears in 1 contract
Samples: Trust Agreement (PMC Capital I)
Initial Contribution of Trust Property. Organizational ------------------------------------------------------ Expenses. -------- The Trustees acknowledge receipt in trust from the Depositor in -------- connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.
Appears in 1 contract