Qualification of Trustee. The Trustee and any successor trustee shall be a corporation organized under laws of the United States, or any state thereof, which is authorized under such laws to exercise trust powers and has at all times an aggregate capital, surplus and undivided profits of not less than $5,000,000.
Appears in 5 contracts
Samples: Voyageur Unit Investment Trust Series 4, Nuveen Unit Trusts Series 103, Nuveen Unit Trusts Series 104
Qualification of Trustee. The Trustee and any successor trustee Trustee shall be a corporation organized under laws of the United States, or any state thereof, which is authorized under such laws to exercise trust powers and has at all times an aggregate capital, surplus and undivided profits of not less than $5,000,000500,000.
Appears in 3 contracts
Samples: Voyageur Unit Investment Trust Series 10, Voyageur Tax Exempt Trust Series 5, Voyageur Tax Exempt Trust Series 10
