Common use of Sale of Bonds Clause in Contracts

Sale of Bonds. In order to maintain the sound investment character of the Trust Fund, the Depositor may direct the Trustee to sell Bonds, provided the Depositor deems such sale to be in the best interest of Certificateholders in accordance with Section 2.5 hereof, at such price and time and in such manner as shall be determined by the Depositor, provided that the Depositor has determined that any one or more of the following conditions exist:

Appears in 2 contracts

Samples: Trust Indenture and Agreement (Empire State Municipal Exempt Trust Guaranteed Series 182), Special Situations (Glickenhaus Special Situations Trust Series 1)

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Sale of Bonds. In order to maintain the sound investment character of the Trust Fund, the Depositor may direct the Trustee to sell Bonds, provided the Depositor deems such sale to be in the best interest of Certificateholders in accordance with Section 2.5 hereof, Bonds at such price and time and in such manner as shall be determined by the Depositor, provided that the Depositor has determined that any one or more of the following conditions exist:

Appears in 1 contract

Samples: Trust Indenture and Agreement (Voyageur Unit Investment Trust Series 1)

Sale of Bonds. In order to maintain the sound investment character of the Trust Fund, the Depositor Depositors may direct the Trustee to sell Bonds, provided the Depositor deems Depositors deem such sale to be in the best interest of Certificateholders in accordance with Section 2.5 hereof, at such price and time and in such manner as shall be determined by the DepositorDepositors, provided that the Depositor has Depositors have determined that any one or more of the following conditions exist:

Appears in 1 contract

Samples: Trust Indenture and Agreement (Empire State Municipal Exempt Trust Guaranteed Series 134)

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Sale of Bonds. In order to maintain the sound investment character of the Trust FundTrust, the Depositor thereof may direct the Trustee to sell Bonds, provided the Depositor deems such sale to be Bonds in the best interest of Certificateholders in accordance with Section 2.5 hereof, Trust at such price and time and in such manner as shall be determined by the Depositor, provided that the Depositor has determined that any one or more of the following conditions exist:

Appears in 1 contract

Samples: Trust Indenture and Agreement (National Municipal Trust Series 164)

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