Common use of Termination; Certificate of Cancellation Clause in Contracts

Termination; Certificate of Cancellation. Following the dissolution and distribution of the assets of all Series of the Trust, the Trust shall terminate and Managing Owner or Liquidating Trustee, as the case may be, shall execute and cause such certificate of cancellation of the Certificate of Trust to be filed in accordance with the Business Trust Statute. Notwithstanding anything to the contrary contained in this Trust Agreement, the existence of the Trust as a separate legal entity shall continue until the filing of such certificate of cancellation.

Appears in 7 contracts

Samples: Trust Agreement (World Monitor Trust Series B), Trust Agreement (World Monitor Trust Ii Series E), Trust Agreement (World Monitor Trust Series A)

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Termination; Certificate of Cancellation. Following the dissolution and distribution of the assets of all Series of the Trust, the Trust shall terminate and the Managing Owner or Liquidating Trustee, as the case may be, shall instruct the Trustee to execute and cause such a certificate of cancellation of the Certificate of Trust to be filed in accordance with the Business Delaware Trust StatuteStatute at the expense of the Managing Owner. Notwithstanding anything to the contrary contained in this Trust Agreement, the existence of the Trust as a separate legal entity shall continue until the filing of such certificate of cancellation.

Appears in 5 contracts

Samples: Trust and Trust Agreement (FactorShares 2X: Oil Bull/S&p500 Bear), Trust and Trust Agreement (FactorShares 2X: S&P500 Bull/Usd Bear), Trust and Trust Agreement (FactorShares 2X: TBond Bull/S&p500 Bear)

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Termination; Certificate of Cancellation. Following the dissolution and distribution of the assets of all Series of the Trust, the Trust shall terminate and Managing Owner or Liquidating Trustee, as the case may be, shall execute and cause such certificate of cancellation of the Certificate of Trust to be filed in accordance with the Business Trust Statute. Notwithstanding anything to the contrary contained in this Trust Agreement, the existence of the Trust as a separate legal entity shall continue until the filing of such certificate of cancellation.

Appears in 1 contract

Samples: Trust Agreement (Prudential Securities Strategic Trust)

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