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: Standard Terms and Conditions of Trust (Voyageur Unit Investment Trust Series 9), Standard Terms and Conditions of Trust (Nuveen Unit Trusts Series 104), Standard Terms and Conditions of Trust (Voyageur Unit Investment Trust Series 4)
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: Standard Terms and Conditions of Trust (Voyageur Unit Investment Trust Series 10), Standard Terms and Conditions of Trust (Voyageur Tax Exempt Trust Series 10), Standard Terms and Conditions of Trust (Voyageur Tax Exempt Trust Series 5)
