Common use of Limitations on Trustees' Powers Clause in Contracts

Limitations on Trustees' Powers. The Trustees, acting in the ------------------------------- name and on behalf of the Trust, are not permitted: (a) to purchase or hold any securities, instruments or other property except for the Trust Estate; (b) to dispose of the Trust Estate other than the distributions provided for in Sections 2.06, 2.07 and 3.02; (c) to issue any securities or instruments other than the TrUEPrS sold to the Sponsor and to be sold pursuant to the Purchase Agreement upon full payment therefor as provided therein, or issued in accordance with Section 5.02 or 5.03; (d) to make short sales or purchases on margin; (e) to write put or call options; (f) to borrow money; (g) to underwrite securities; (h) to purchase or sell real estate, commodities or commodities contracts; (i) to purchase restricted securities; (j) to make loans; (k) to take any action, or direct or permit the Administrator, the Paying Agent or the Custodian to take any action, that would vary the investment of the Holders within the meaning of Treasury Regulation Section 301.7701-4(c), or otherwise take any action or direct or permit any action to be taken that would or could cause the Trust not to be a "grantor trust" under the Code; or (l) to take any other action not specifically authorized by Section 2.05.

Limitations on Trustees' Powers. The Trustees, acting in the ------------------------------- name and on behalf of the Trust, are not permitted: (a) to purchase or hold any securities, instruments instruments, or other property except for the Trust Estate; (b) to dispose of the Trust Estate other than the distributions provided for in Sections 2.06, 2.07 and 3.02; (c) to issue any securities or instruments other than the TrUEPrS sold to the Sponsor and to be sold pursuant to the Purchase Agreement upon full payment therefor as provided therein, or issued in accordance with Section 5.02 or 5.03; (d) to make short sales or purchases on margin; (e) to write put or call optionsoption; (f) to borrow money; (g) to underwrite securities; (h) to purchase or sell real estate, commodities or commodities contracts; (i) to purchase restricted securities; (j) to make loans; (k) to take any action, or direct or permit the Administrator, the Paying Agent or the Custodian to take any action, that would vary the investment of the Holders within the meaning of Treasury Regulation Section 301.7701-4(c), or otherwise take any action or direct or permit any action to be taken that would or could cause the Trust not to be a "grantor trust" under the Code; or (l) to take any other action not specifically authorized by Section 2.05.

Limitations on Trustees' Powers. The Trustees, acting in the ------------------------------- name and on behalf of the Trust, are not permitted: (a) to purchase or hold any securities, instruments or other property except for the Trust Estate; (b) to dispose of the Trust Estate other than the distributions provided for in Sections 2.06, 2.07 and 3.02; (c) to issue any securities or instruments other than the TrUEPrS sold to the Sponsor and to be sold pursuant to the Purchase Agreement upon full payment therefor as provided therein, or issued in accordance with Section 5.02 or 5.03; (d) to make short sales or purchases on margin; (e) to write put or call options; (f) to borrow money; (g) to underwrite securities; (h) to purchase or sell real estate, commodities or commodities contracts; (i) to purchase restricted securities; (j) to make loans; (k) to take any action, or direct or permit the Administrator, the Paying Agent or the Custodian to take any action, that would vary the investment of the Holders within the meaning of Treasury Regulation Section 301.7701-4(c), or otherwise take any action or direct or permit any action to be taken that would or could cause the Trust not to be a "grantor trust" under the Code; or (l) to take any other action not specifically authorized by Section 2.05.