Common use of Termination of Trust or Series Clause in Contracts

Termination of Trust or Series. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by the Trustees upon sixty (60) days prior written notice to the Holders. Any Series may be terminated at any time by the Trustees upon sixty (60) days prior written notice to the Holders of that Series. (b) Upon termination of the Trust (or any Series, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Series (or the applicable Series, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Series (or the applicable Series, as the case may be), to distributable form in cash or Interests or other securities, and any combination thereof, and distribute the proceeds held with respect to each Series (or the applicable Series, as the case may be), to the Holders of Interests of such Series, in accordance with the positive Book Capital Account balances of the Holders.

Termination of Trust or Series. (a) Unless terminated as ------------------------------ provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by the Trustees upon sixty (60) days prior written notice to the HoldersShareholders. Any Series may be terminated at any time by the Trustees upon sixty (60) days prior written notice to the Holders Shareholders of that Series. (b) . Upon termination of the Trust (or any Series, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Series (or the applicable Series, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Series (or the applicable Series, as the case may be), to distributable form in cash or Interests shares or other securities, and any combination thereof, and distribute the proceeds held with respect to each Series (or the applicable Series, as the case may be), (i) to the Holders Shareholders of Interests a Series not taxable as partnerships for federal income tax purposes, as a Series, pro rata according to the number of such Shares of that Series held by the several Shareholders on the date of termination and, (ii) to the Shareholders of a Series, as a Series, in accordance with the positive Book Capital Account balances of the HoldersShareholders.

Termination of Trust or Series. (a) Unless terminated as provided ---------- ------------------------------ herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by the Trustees upon sixty (60) 60 days prior written notice to the HoldersShareholders. Any Series may be terminated at any time by the Trustees upon sixty (60) 60 days prior written notice to the Holders Shareholders of that Series. (b) . Upon termination of the Trust (or any Series, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Series (or the applicable Series, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Series (or the applicable Series, as the case may be), to distributable form in cash or Interests shares or other securities, and any combination thereof, and distribute the proceeds held with respect to each Series (or the applicable Series, as the case may be), to the Holders Shareholders of Interests of such that Series, in accordance with as a Series, ratably according to the positive Book Capital Account balances number of Shares of that Series held by the Holdersseveral Shareholders on the date of termination.

Termination of Trust or Series. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by vote of a majority of the Shares of each Series entitled to vote, voting separately by Series, or by the Trustees upon sixty (60) days prior by written notice to the HoldersShareholders. Any Series may be terminated at any time by vote of a majority of the Shares of that Series or by the Trustees upon sixty (60) days prior by written notice to the Holders Shareholders of that Series. (b) . Upon termination of the Trust (or any Series, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Series (or the applicable Series, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Series (or the applicable Series, as the case may be), to distributable form in cash or Interests shares or other securities, and or any combination thereof, and distribute the proceeds held with respect to each Series (or the applicable Series, as the case may be), to the Holders of Interests of such Series, in accordance with the positive Book Capital Account balances of the Holders.the