Common use of Regulated Investment Company Election Clause in Contracts

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (33) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 329 contracts

Samples: Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1999), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1989), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1983)

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Regulated Investment Company Election. If so provided in the Prospectus for a Trust FundTrust, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3336) Sections 3.07(a)(viii3.08(a)(xii) and 3.07(a)(ix3.08(a)(xiii) are hereby deleted and replaced as follows:

Appears in 88 contracts

Samples: Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1666), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1665), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1466)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (33) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 44 contracts

Samples: Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2452), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2437), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2378)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3330) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 32 contracts

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 348), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 352), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 347)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust FundTrust, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3339) Sections 3.07(a)(viii3.08(a)(xii) and 3.07(a)(ix) 3.08(a)(xiii are hereby deleted and replaced as follows:

Appears in 17 contracts

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 640), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 599), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 606)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust FundTrust, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3336) Sections 3.07(a)(viii3.08(a)(xii) and 3.07(a)(ix3.08(a)(xiii) are hereby deleted and replaced as follows:

Appears in 17 contracts

Samples: Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2380), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2377), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 2379)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3327) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 8 contracts

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 304), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 307), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 293)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3331) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 4 contracts

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 322), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 324), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 319)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust FundTrust, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3336) Sections 3.07(a)(viii3.08(a)(xii) and 3.07(a)(ix) 3.08(a)(xiii are hereby deleted and replaced as follows:

Appears in 3 contracts

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 642), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 641), Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 659)

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Regulated Investment Company Election. If so provided in the Prospectus for a Trust FundTrust, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3331) Sections 3.07(a)(viii3.08(a)(xii) and 3.07(a)(ix3.08(a)(xiii) are hereby deleted and replaced as follows:

Appears in 2 contracts

Samples: Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1765), Reference Trust Agreement (Guggenheim Defined Portfolios, Series 1727)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust FundTrust, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3339) Sections 3.07(a)(viii3.08(a)(xii) and 3.07(a)(ix3.08(a)(xiii) are hereby deleted and replaced as follows:

Appears in 1 contract

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 584)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3326) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 1 contract

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 315)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions action necessary in order to allow a maintain the qualification of the Trust Fund to qualify as a regulated investment companycompany or to provide funds to make any distribution for a taxable year in order to avoid imposition of any income or excise taxes on undistributed income in the Trust. (3327) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 1 contract

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 280)

Regulated Investment Company Election. If so provided in the Prospectus for a Trust Fund, such Trust Fund 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. In addition, the Trustee is authorized to take any actions necessary to allow a Trust Fund to qualify as a regulated investment company. (3332) Sections 3.07(a)(viii) and 3.07(a)(ix) are hereby deleted and replaced as follows:

Appears in 1 contract

Samples: Reference Trust Agreement (Claymore Securities Defined Portfolios, Series 320)

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