Common use of Regulated Investment Company Election Clause in Contracts

Regulated Investment Company Election. Each Trust elects to be treated and to qualify as a "regulated investment company" as defined in the Internal Revenue Code, and the Trustee is hereby directed to make such elections, including any appropriate election to be taxed as a corporation, as shall be necessary to effect such qualification." Y. Section 3.05(c) is amended to read [reserved]. Z. Section 8.01(b) shall be amended to remove the following text from such section: "as a grantor trust." Section 6.01 shall be amended to add the following as paragraph (n):

Appears in 11 contracts

Samples: Trust Agreement (Ft 1165), Trust Agreement (Ft 1164), Trust Agreement (Ft 1543)

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Regulated Investment Company Election. Each Trust elects to be treated and to qualify as a "regulated investment company" as defined in the Internal Revenue Code, and the Trustee is hereby directed to make such elections, including any appropriate election to be taxed as a corporation, as shall be necessary to effect such qualification." Y. Section 3.05(c) is amended to read [reserved]. Z. Section 8.01(b) shall be amended to remove the following text from such section: "as a grantor trust." Section 6.01 shall be amended to add the following as paragraph (n):

Appears in 5 contracts

Samples: Trust Agreement (Ft 1289), Trust Agreement (Ft 1288), Trust Agreement (Ft 1285)

Regulated Investment Company Election. Each Trust elects to be treated and to qualify as a "regulated investment company" company as defined in the Internal Revenue Code, and the Trustee is hereby directed to make such elections, including any appropriate election to be taxed as a corporation, as shall be necessary to effect such qualification." Y. Section 3.05(c) is amended to read [reserved]. Z. X. Section 8.01(b) shall be amended to remove the following text from such section: "as a grantor trust." Section 6.01 shall be amended to add the following as paragraph (n):

Appears in 4 contracts

Samples: Trust Agreement (Ft 1680), Trust Agreement (Ft 1808), Trust Agreement (Ft 1887)

Regulated Investment Company Election. Each Trust elects to be treated and to qualify as a "regulated investment company" company as defined in the Internal Revenue Code, and the Trustee is hereby directed to make such elections, including any appropriate election to be taxed as a corporation, as shall be necessary to effect such qualification." Y. Section 3.05(c) is amended to read [reserved]. Z. Section 8.01(b) shall be amended to remove the following text from such section: "as a grantor trust." Section 6.01 shall be amended to add the following as paragraph (n):

Appears in 1 contract

Samples: Trust Agreement (Ft 1565)

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Regulated Investment Company Election. Each Trust elects to be treated and to qualify as a "regulated investment company" as defined in the Internal Revenue Code, and the Trustee is hereby directed to make such elections, including any appropriate election to be taxed as a corporation, as shall be necessary to effect such qualification." Y. N. Section 3.05(c) is amended to read [reserved]. Z. O. Section 8.01(b) shall be amended to remove the following text from such section: "as a grantor trust." P. Section 6.01 shall be amended to add the following as paragraph (n):

Appears in 1 contract

Samples: Trust Agreement (Ft 1780)

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