Common use of Payments and Investments Clause in Contracts

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 of the Trust Agreement. The Paying Agent shall effect the transactions set forth in Sections 2.3, 2.4, 2.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 5 contracts

Samples: Paying Agent Agreement (Fourth Automatic Common Exchange Security Trust), Paying Agent Agreement (Third Automatic Common Exchange Security Trust), Paying Agent Agreement (Automatic Common Exchange Security Trust Ii)

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Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 Article III of the Trust Agreement. The Paying Agent shall effect the transactions set forth in Sections 2.3, 2.4, 2.5 and 8.3 of the Trust Agreement upon receipt of written instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein in this Agreement or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly DistributionDistribution on the Securities. All such Temporary Investments shall be selected by the Trustees from time to time by the Trustees or by the Administrator pursuant to standing instructions from the TrusteesTrustees to the Administrator, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to the payment or performance of any such Temporary Investment.

Appears in 4 contracts

Samples: Paying Agent Agreement (Amdocs Automatic Common Exchange Security Trust), Paying Agent Agreement (Eleventh Automatic Common Exchange Security Trust), Paying Agent Agreement (Tenth Automatic Common Exchange Security Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 3.3 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect the transactions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in the Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment Investments to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 3 contracts

Samples: Paying Agent Agreement (Decs Trust Iii), Paying Agent Agreement (Decs Trust Ii), Paying Agent Agreement (Decs Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 3.3 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect the transactions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in the Temporary Investments Investment in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 3 contracts

Samples: Paying Agent Agreement (Equity Securities Trust I), Paying Agent Agreement (Decs Trust Ix), Paying Agent Agreement (Equity Securities Trust Ii)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect take the transactions actions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.4 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 3.4 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees Trust from time to time or pursuant to standing instructions from the TrusteesTrust, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 2 contracts

Samples: Paying Agent Agreement (Snyder Strypes Trust), Paying Agent Agreement (Xyz Strypes Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 3.3 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect the transactions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in the Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment Investments to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Decs Trust Vi)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 3.02 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect take the transactions actions set forth in Sections 2.32.06, 2.42.07, 2.5 2.08, 3.04 and 8.3 8.03 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 8.03 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 3.04 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees Trust from time to time or pursuant to standing instructions from the TrusteesTrust, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Dollar General Strypes Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 of the Trust Agreement. The Paying Agent Agent, on behalf of the Trust, shall effect the transactions set forth in Sections 2.3, 2.4, 2.5 2.5, 3.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Mandatory Common Exchange Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 Article III of the Trust Agreement. The Paying Agent shall effect the transactions set forth in Sections 2.3, 2.4, 2.5 and 8.3 of the Trust Agreement upon receipt of written instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)

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Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 3.3 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect the transactions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in the Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment Investments to its their maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Decs Trust Iv)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect take the transactions actions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.4 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 3.4 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All Exhibit (k)(2) such Temporary Investments shall be selected by the Trustees Trust from time to time or pursuant to standing instructions from the TrusteesTrust, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (WBK Strypes Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 of the Trust Agreement. The Paying Agent shall effect the transactions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in Temporary Investments in accordance with Section 3.5 3.4 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees Trust from time to time or pursuant to standing instructions from the TrusteesTrust, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Nextel Strypes Trust)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 3.3 of the Trust Agreement. The Paying Agent on behalf of the Trust shall effect the transactions set forth in Sections 2.32.6, 2.42.7, 2.5 2.8, 3.5 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in the Temporary Investments Investment in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment Investments to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.

Appears in 1 contract

Samples: Paying Agent Agreement (Decs Trust V)

Payments and Investments. The Paying Agent shall make payments out of the Trust Account as provided for in Section 3.2 of the Trust Agreement. The Paying Agent shall effect the transactions set forth in Sections 2.3, 2.4, 2.5 2.5, 2.6 and 8.3 of the Trust Agreement upon instructions to do so from the Administrator (except that with respect to its obligations under Section 8.3 of the Trust Agreement, the Paying Agent shall act without instructions from the Administrator) and shall invest monies moneys on deposit in the Trust Account in the Temporary Investments in accordance with Section 3.5 of the Trust Agreement. Except as otherwise specifically provided herein or in the Trust Agreement, the Paying Agent shall not have the power to sell, transfer or otherwise dispose of any Temporary Investment prior to the maturity thereof, or to acquire additional Temporary Investments. The Paying Agent shall hold any Temporary Investment Investments to its maturity and shall apply the proceeds thereof paid upon maturity to the payment of the next succeeding Quarterly Distribution. All such Temporary Investments shall be selected by the Trustees from time to time or pursuant to standing instructions from the Trustees, and the Paying Agent shall have no liability to the Trust or any Holder or any other Person with respect to any such Temporary Investment.time

Appears in 1 contract

Samples: Paying Agent Agreement (Ajl Peps Trust)

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