Qualifications of Trustee. The Trustee, or any successor thereof, shall be a corporation organized and doing business under the laws of the United States or any state thereof, which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $2,500,000.
Appears in 6 contracts
Samples: Trust Indenture and Agreement (Patriot Trust, Diversified Income Trust, 2007 Series A), Trust Indenture and Agreement (Smart Trust Tax Free Bond Trust Series 1), Trust Indenture and Agreement (Schwab Strategic Ten Trust 1997 Series A)
Qualifications of Trustee. The Trustee, or any successor ------------------------- thereof, shall be a corporation organized and doing business under the laws of the United States or any state thereof, which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $2,500,000.
Appears in 5 contracts
Samples: Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trusts 2001 Series B), Trust Indenture and Agreement (Schwab Trusts Schwab Ten Trust 2000 Series B), Trust Indenture and Agreement (Equity Securities Trust Series 26 Equits Ii)
Qualifications of Trustee. The Trustee, Trustee or any successor thereof, ------------------------- Trustee shall be a bank, trust company, corporation or national banking association organized and doing business under the laws of the United States or any state thereof, which is and shall be authorized under such laws to exercise corporate trust powers powers. The Trustee and having any successor Trustee shall have at all times an aggregate capital, surplus, and undivided profits of not less than $2,500,00050,000,000.
Appears in 1 contract
Samples: Diamonds Trust Series I
Qualifications of Trustee. The Trustee, or any successor thereof, Trustee shall be a corporation an entity organized and doing business under the laws of the United States or any state thereof, which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $2,500,0005,000,000.
Appears in 1 contract
Samples: Trust Agreement (Destra Credit Opportunities Unit Investment Trust)
Qualifications of Trustee. The Trustee, or any ------------------------- successor thereof, shall be a corporation organized and doing business under the laws of the United States or any state thereof, which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $2,500,000.
Appears in 1 contract
Samples: Trust Indenture and Agreement (Pinnacle Family of Trust Dogs of Tech Tr Se I & Fin Tr Se Ii)
