Common use of Notice to Unitholders Clause in Contracts

Notice to Unitholders. In the event that all of the Unitholders holding Certificates shall not surrender their Certificates for cancellation within six months after the time specified in the applicable, above-mentioned notice, the Trustee shall give a second written notice to the remaining Unitholders to surrender their Certificates for cancellation and receive the liquidating distribution with respect thereto. If within one year after the second notice all the Certificates issued shall not have been surrendered for cancellation, the Trustee may take appropriate steps or may appoint an agent to take appropriate steps, to contact the remaining Unitholders concerning surrender of their Certificates and the cost thereof shall be paid out of the moneys and other assets which remain in the affected Trust Fund.

Notice to Unitholders. In the event that all of the Unitholders holding Certificates shall not surrender their Certificates for cancellation within six months after the time specified in the applicable, above-mentioned notice, the Trustee shall give a second written notice to the remaining Unitholders to surrender their Certificates for cancellation and receive the liquidating distribution with respect thereto. If within one year after the second notice all the Certificates issued shall not have been surrendered for cancellation, the Trustee may take appropriate steps or may appoint an agent to take appropriate steps, steps to contact the remaining Unitholders concerning surrender of their Certificates and the cost thereof shall be paid out of the moneys and other assets which remain in the affected Trust Fund.