Common use of Responsibility of the Trustees after Sale and Conversion Clause in Contracts

Responsibility of the Trustees after Sale and Conversion. The Trustees shall be under no obligation to invest the proceeds of any sale of investments or other assets or cash forming part of the Trust Property after the date referred to in section 14.4 and, after such sale, the sole obligation of the Trustees under this Contract of Trust shall be to hold such proceeds in trust for distribution pursuant to section 14.3.

Responsibility of the Trustees after Sale and Conversion. The Trustees shall be under no obligation to invest the proceeds of any sale of investments or other assets or cash forming part of the Trust Property after the date referred to in section 14.4 Section 16.4 and, after such sale, the sole obligation of the Trustees under this Contract of Trust shall be to hold such proceeds or assets in trust for distribution pursuant to section 14.3under Section 16.3.

Responsibility of the Trustees after Sale and Conversion. The Trustees shall be under no obligation to invest the proceeds of any sale of investments or other assets or cash forming part of the Trust Property after the date referred to in section 14.4 13.4 and, after such sale, the sole obligation of the Trustees under this Contract of Trust shall be to hold such proceeds in trust for distribution pursuant to section 14.313.3.