Common use of Notice and Sale by Trustee Clause in Contracts

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 21. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 84 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2255), Trust Agreement (Advisors Disciplined Trust 2254), Trust Agreement (Advisors Disciplined Trust 2253)

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Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 64 contracts

Samples: Trust Agreement (SmartTrust 491), Trust Agreement (SmartTrust 489), Trust Agreement (SmartTrust 488)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2118. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 48 contracts

Samples: Trust Agreement (SmartTrust 560), Trust Agreement (SmartTrust 550), Trust Agreement (SmartTrust 551)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 2420. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 39 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2105), Trust Agreement (Advisors Disciplined Trust 2101), Trust Agreement (Advisors Disciplined Trust 2097)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 32 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 1963), Trust Agreement (Advisors Disciplined Trust 1972), Trust Agreement (Advisors Disciplined Trust 1962)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 28 contracts

Samples: Trust Agreement (SmartTrust 497), Trust Agreement (SmartTrust 496), Trust Agreement (SmartTrust 495)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 21. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 24 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2152), Trust Agreement (Advisors Disciplined Trust 2151), Trust Agreement (Advisors Disciplined Trust 2149)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 21 contracts

Samples: Trust Agreement (SmartTrust 655), Trust Agreement (SmartTrust 638), Trust Agreement (SmartTrust 635)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, payable on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2127. Section 3.10(d)(i) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 2228. The second sentence first paragraph of Section 3.15 is 3.11 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: “For Trusts in which In the applicable Prospectus provides for daily accrual event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of the Creation and Development FeeSecurities (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Securities), the Creation Trustee shall promptly notify the Depositor and Development Fee will accrue on a daily basis shall thereupon take such action or refrain from taking any action as the day after Depositor shall in writing direct which includes electronic communication; provided, however, that if the conclusion Depositor shall not within five (5) Business Days of the initial offering period through giving of such notice to the Depositor direct the Trustee to take or refrain from taking any action, the Trustee shall take such action or refrain from taking any action, (i) so as to insure that the Equity Securities are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Equity Securities that are held by owners other than the Trust and (ii) as it, in its sole discretion, shall deem advisable with respect to the Bonds. Notwithstanding the foregoing, in the event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of Fund Shares (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Equity Securities), the Trustee shall promptly notify the Depositor and shall thereupon take such reasonable action or refrain from taking any action with respect to the Fund Shares so that the Fund Shares are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Fund Shares that are held by owners other than the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2329. The eighth sentence Standard Terms and Conditions of Section 3.15 is deleted in its entirety. 24. The first sentence of Trust shall be amended to include the third paragraph of Section 6.02(d) is replaced in its entirety with the followingfollowing sections:

Appears in 18 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2248), Trust Agreement (Advisors Disciplined Trust 2237), Trust Agreement (Advisors Disciplined Trust 2236)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 14 contracts

Samples: Trust Agreement (SmartTrust 580), Trust Agreement (SmartTrust 579), Trust Agreement (SmartTrust 578)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 2220. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2321. The eighth sentence of Section 3.15 is deleted in its entirety. 2422. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 14 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2100), Trust Agreement (Advisors Disciplined Trust 2091), Trust Agreement (Advisors Disciplined Trust 2087)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale." 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:"

Appears in 12 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 1928), Trust Agreement (Advisors Disciplined Trust 1922), Trust Agreement (Advisors Disciplined Trust 1920)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 7 contracts

Samples: Trust Agreement (SmartTrust 653), Trust Agreement (SmartTrust 645), Trust Agreement (SmartTrust 629)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.” In Witness Whereof, the parties hereto have caused this Trust Agreement to be duly executed on the date first above written. The Bank of New York Mellon By: /s/ MXXXXXXXX XXXXXXXXXXX Hxxxxxx & Wxxxx, Inc. By: /s/ KXXXX X. XXXX Hxxxxxx & Wxxxx Asset Management Inc. By: /s/ KXXXX X. XXXX

Appears in 7 contracts

Samples: Trust Agreement (SmartTrust 640), Trust Agreement (SmartTrust 631), Trust Agreement (SmartTrust 619)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, payable on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2124. Section 3.10(d)(i) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 2225. The second sentence first paragraph of Section 3.15 is 3.11 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: “For Trusts in which In the applicable Prospectus provides for daily accrual event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of the Creation and Development FeeSecurities (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Securities), the Creation Trustee shall promptly notify the Depositor and Development Fee will accrue on a daily basis shall thereupon take such action or refrain from taking any action as the day after Depositor shall in writing direct which includes electronic communication; provided, however, that if the conclusion Depositor shall not within five (5) Business Days of the initial offering period through giving of such notice to the Depositor direct the Trustee to take or refrain from taking any action, the Trustee shall take such action or refrain from taking any action, (i) so as to insure that the Equity Securities are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Equity Securities that are held by owners other than the Trust and (ii) as it, in its sole discretion, shall deem advisable with respect to the Bonds. Notwithstanding the foregoing, in the event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of Fund Shares (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Equity Securities), the Trustee shall promptly notify the Depositor and shall thereupon take such reasonable action or refrain from taking any action with respect to the Fund Shares so that the Fund Shares are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Fund Shares that are held by owners other than the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2326. The eighth sentence Standard Terms and Conditions of Section 3.15 is deleted in its entirety. 24. The first sentence of Trust shall be amended to include the third paragraph of Section 6.02(d) is replaced in its entirety with the followingfollowing sections:

Appears in 6 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2039), Trust Agreement (Advisors Disciplined Trust 2027), Trust Agreement (Advisors Disciplined Trust 1982)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale." 2115. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:"

Appears in 6 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 1904), Trust Agreement (Advisors Disciplined Trust 1903), Trust Agreement (Advisors Disciplined Trust 1902)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 21. Section 3.13 is hereby deleted in its entirety. 22. The second sentence Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 23. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 24. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 25. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2326. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 5 contracts

Samples: Trust Agreement (SmartTrust 679), Trust Agreement (SmartTrust 678), Trust Agreement (SmartTrust 676)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, payable on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2125. Section 3.10(d)(i) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 2226. The second sentence first paragraph of Section 3.15 is 3.11 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: “For Trusts in which In the applicable Prospectus provides for daily accrual event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of the Creation and Development FeeSecurities (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Securities), the Creation Trustee shall promptly notify the Depositor and Development Fee will accrue on a daily basis shall thereupon take such action or refrain from taking any action as the day after Depositor shall in writing direct which includes electronic communication; provided, however, that if the conclusion Depositor shall not within five (5) Business Days of the initial offering period through giving of such notice to the Depositor direct the Trustee to take or refrain from taking any action, the Trustee shall take such action or refrain from taking any action, (i) so as to insure that the Equity Securities are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Equity Securities that are held by owners other than the Trust and (ii) as it, in its sole discretion, shall deem advisable with respect to the Bonds. Notwithstanding the foregoing, in the event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of Fund Shares (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Equity Securities), the Trustee shall promptly notify the Depositor and shall thereupon take such reasonable action or refrain from taking any action with respect to the Fund Shares so that the Fund Shares are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Fund Shares that are held by owners other than the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2327. The eighth sentence Standard Terms and Conditions of Section 3.15 is deleted in its entirety. 24. The first sentence of Trust shall be amended to include the third paragraph of Section 6.02(d) is replaced in its entirety with the followingfollowing sections:

Appears in 4 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 2093), Trust Agreement (Advisors Disciplined Trust 2081), Trust Agreement (Advisors Disciplined Trust 2066)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, payable on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale." 2124. Section 3.10(d)(i) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record." 2225. The second sentence first paragraph of Section 3.15 is 3.11 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: “For Trusts in which "In the applicable Prospectus provides for daily accrual event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of the Creation and Development FeeSecurities (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Securities), the Creation Trustee shall promptly notify the Depositor and Development Fee will accrue on a daily basis shall thereupon take such action or refrain from taking any action as the day after Depositor shall in writing direct which includes electronic communication; provided, however, that if the conclusion Depositor shall not within five (5) Business Days of the initial offering period through giving of such notice to the Depositor direct the Trustee to take or refrain from taking any action, the Trustee shall take such action or refrain from taking any action, (i) so as to insure that the Equity Securities are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Equity Securities that are held by owners other than the Trust and (ii) as it, in its sole discretion, shall deem advisable with respect to the Bonds. Notwithstanding the foregoing, in the event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of Fund Shares (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Equity Securities), the Trustee shall promptly notify the Depositor and shall thereupon take such reasonable action or refrain from taking any action with respect to the Fund Shares so that the Fund Shares are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Fund Shares that are held by owners other than the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date." 2326. The eighth sentence Standard Terms and Conditions of Section 3.15 is deleted in its entirety. 24. The first sentence of Trust shall be amended to include the third paragraph of Section 6.02(d) is replaced in its entirety with the followingfollowing sections:

Appears in 4 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 1918), Trust Agreement (Advisors Disciplined Trust 1917), Trust Agreement (Advisors Disciplined Trust 1897)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.” In Witness Whereof, the parties hereto have caused this Trust Agreement to be duly executed on the date first above written. The Bank of New York Mellon By: /s/ XXXXXXX XXXXXXXX Xxxxxxx & Xxxxx, Inc. By: /s/ XXXXX X. XXXX Xxxxxxx & Xxxxx Asset Management Inc. By: /s/ XXXXX X. XXXX

Appears in 4 contracts

Samples: Trust Agreement (SmartTrust 482), Trust Agreement (SmartTrust 460), Trust Agreement (SmartTrust 457)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 21. Section 3.13 is hereby deleted in its entirety. 22. The second sentence Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 23. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 24. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 25. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2326. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 3 contracts

Samples: Trust Agreement (SmartTrust 687), Trust Agreement (SmartTrust 670), Trust Agreement (SmartTrust 663)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 2421. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 3 contracts

Samples: Trust Agreement (Advisors Disciplined Trust 1828), Trust Agreement (Advisors Disciplined Trust 2104), Trust Agreement (Advisors Disciplined Trust 2102)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 3 contracts

Samples: Trust Agreement (SmartTrust 652), Trust Agreement (SmartTrust 647), Trust Agreement (SmartTrust 588)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.” In Witness Whereof, the parties hereto have caused this Trust Agreement to be duly executed on the date first above written. The Bank of New York Mellon By: /s/ XXXXXXXXX XXXXXXXXXXX Xxxxxxx & Xxxxx, Inc. By: /s/ XXXXX X. XXXX Xxxxxxx & Xxxxx Asset Management Inc. By: /s/ XXXXX X. XXXX

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 646), Trust Agreement (SmartTrust 626)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 21. Section 3.13 is hereby deleted in its entirety. 22. The second sentence Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 23. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 24. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 25. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2326. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 667), Trust Agreement (SmartTrust 661)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 21. Section 3.13 is hereby deleted in its entirety. 22. The second sentence Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 23. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 24. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 25. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2326. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 671), Trust Agreement (SmartTrust 666)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 649), Trust Agreement (SmartTrust 642)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 606), Trust Agreement (SmartTrust 605)

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Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 674), Trust Agreement (SmartTrust 659)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 684), Trust Agreement (SmartTrust 665)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: : ” (id)(i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 2 contracts

Samples: Trust Agreement (Smart Trust 440), Trust Agreement (Smart Trust 420)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2118. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 544), Trust Agreement (SmartTrust 543)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 2 contracts

Samples: Trust Agreement (SmartTrust 650), Trust Agreement (SmartTrust 611)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.” In Witness Whereof, the parties hereto have caused this Trust Agreement to be duly executed on the date first above written. The Bank of New York Mellon By: /s/ MXXXXXXXX XXXXXXXXXXX Hxxxxxx & Wxxxx, Inc. By: /s/ KXXXX X. XXXX Hxxxxxx & Wxxxx Asset Management Inc. By: /s/ KXXXX X. XXXX

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 581)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.” In Witness Whereof, the parties hereto have caused this Trust Agreement to be duly executed on the date first above written. The Bank of New York Mellon By: /s/ XXXXXXX XXXXXXXX Xxxxxxx & Xxxxx, Inc. By: /s/ XXXXX X. XXXX Xxxxxxx & Xxxxx Asset Management Inc. By: /s/ XXXXX X. XXXX

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 483)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.” In Witness Whereof, the parties hereto have caused this Trust Agreement to be duly executed on the date first above written. By: /s/ XXXXXXX XXXXXXXX Xxxxxxx & Xxxxx, Inc. By: /s/ XXXXX X. XXXX Xxxxxxx & Xxxxx Asset Management Inc. By: /s/ XXXXX X. XXXX

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 472)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 2221. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2322. The eighth sentence of Section 3.15 is deleted in its entirety. 2423. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 1 contract

Samples: Trust Agreement (Advisors Disciplined Trust 2103)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2120. Section 3.10(d)(i) is replaced in its entirety with the following: : ” (id)(i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Dxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 675)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 607)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2118. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 19. Section 3.13 is hereby deleted in its entirety. 20. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 21. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 22. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 23. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 498)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, payable on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2126. Section 3.10(d)(i) of the Standard Terms and Conditions of Trust is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 2227. The second sentence first paragraph of Section 3.15 is 3.11 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: “For Trusts in which In the applicable Prospectus provides for daily accrual event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of the Creation and Development FeeSecurities (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Securities), the Creation Trustee shall promptly notify the Depositor and Development Fee will accrue on a daily basis shall thereupon take such action or refrain from taking any action as the day after Depositor shall in writing direct which includes electronic communication; provided, however, that if the conclusion Depositor shall not within five (5) Business Days of the initial offering period through giving of such notice to the Depositor direct the Trustee to take or refrain from taking any action, the Trustee shall take such action or refrain from taking any action, (i) so as to insure that the Equity Securities are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Equity Securities that are held by owners other than the Trust and (ii) as it, in its sole discretion, shall deem advisable with respect to the Bonds. Notwithstanding the foregoing, in the event that the Trustee shall have been notified at any time of any action to be taken or proposed to be taken by holders of Fund Shares (including but not limited to the making of any demand, direction, request, giving of any notice, consent or waiver or the voting with respect to any matter relating to the Equity Securities), the Trustee shall promptly notify the Depositor and shall thereupon take such reasonable action or refrain from taking any action with respect to the Fund Shares so that the Fund Shares are voted as closely as possible in the same manner and the same general proportion, with respect to all issues, as are shares of such Fund Shares that are held by owners other than the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2328. The eighth sentence Standard Terms and Conditions of Section 3.15 is deleted in its entirety. 24. The first sentence of Trust shall be amended to include the third paragraph of Section 6.02(d) is replaced in its entirety with the followingfollowing sections:

Appears in 1 contract

Samples: Trust Agreement (Advisors Disciplined Trust 1849)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale. 21. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 1 contract

Samples: Trust Agreement (Advisors Disciplined Trust 2227)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i3.10(d) (i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 1 contract

Samples: Trust Agreement (Advisors Disciplined Trust 1958)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2119. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor Xxxxxxxxx and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 20. Section 3.13 is hereby deleted in its entirety. 21. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 22. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 23. The second sentence Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 24. The third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 2325. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, no Unitholder of a Grantor Trust may elect to receive an In Kind Distribution in its entirety connection with the following:termination of such Trust within thirty (30) days of the termination of such Trust.”

Appears in 1 contract

Samples: Trust Agreement (SmartTrust 648)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2118. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 22. The second sentence of Section 3.15 is replaced in its entirety with the following: “For Trusts in which the applicable Prospectus provides for daily accrual of the Creation and Development Fee, the Creation and Development Fee will accrue on a daily basis from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 2419. The first sentence of the third paragraph of Section 6.02(d) is replaced in its entirety with the following:

Appears in 1 contract

Samples: Trust Agreement (Advisors Disciplined Trust 2023)

Notice and Sale by Trustee. If at any time dividends, interest, principal or other payments, after declared and when due and payable, on any of the Securities shall not have been paid within thirty (30) days, the Trustee shall notify the Depositor thereof. If within thirty (30) days after such notification the Depositor has not given any instruction to sell or to hold or has not taken any other action in connection with such Securities, the Trustee may in its discretion sell such Securities forthwith, and the Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of such sale.” 2117. Section 3.10(d)(i) is replaced in its entirety with the following: (i) The Depositor may resign and be discharged hereunder, by executing an instrument in writing resigning as Depositor and filing the same with the Trustee, not less than sixty (60) days before the date specified in such instrument when such resignation is to take effect. Upon effective resignation hereunder, the resigning Depositor shall be discharged and shall no longer be liable in any manner hereunder except as to acts or omissions occurring prior to such resignation and any successor depositor appointed by the Trustee pursuant to Section 7.01(g) shall thereupon perform all duties and be entitled to all rights under this Indenture. The successor Depositor shall not be under any liability hereunder for occurrences or omissions prior to the execution of such instrument. Notice of such resignation and appointment of a successor depositor shall be delivered by the Trustee to each Unitholder then of record.” 18. Section 3.13 is hereby deleted in its entirety. 19. The Supervisor’s annual compensation as set forth under Section 4.03 for a Trust shall be that dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Supervisor Fee” in the “Fee Table” for the Trust in the Prospectus. 20. Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust. “Notwithstanding anything to the contrary herein, if a Trust is a Grantor Trust and the Trustee sells, redeems or otherwise liquidates Securities pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.” 21. The Trustee’s annual compensation as set forth under Section 7.04 for a Trust shall be the dollar amount per 100 Units set forth under “Estimated Annual Operating Expenses—Trustee Fee” in the “Fee Table” for the Trust in the Prospectus. 22. The second sentence third paragraph of Section 3.15 7.04 is replaced in its entirety with the following: “For Trusts in which Notwithstanding anything to the applicable Prospectus provides for daily accrual of contrary herein, if the Creation and Development FeeTrustee sells or otherwise liquidates Fund Shares pursuant to this Section 7.04, the Creation and Development Fee will accrue Trustee shall do so, as nearly as practicable, on a daily pro rata basis from the day after the conclusion of the initial offering period through the among all Securities held by a Trust’s Mandatory Termination Date. Such a Creation and Development Fee will accrue at a daily rate of the total fixed dollar Creation and Development Fee amount stated in the applicable Prospectus divided by the number of days from the day after the conclusion of the initial offering period through the Trust’s Mandatory Termination Date.” 23. The eighth sentence of Section 3.15 is deleted in its entirety. 24. The first sentence of the third second paragraph of Section 6.02(d) 9.02 is replaced in its entirety with amended by adding the followingfollowing to the end of the Section:

Appears in 1 contract

Samples: Trust Agreement (Smart Trust 429)

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