TERMS AND CONDITIONS OF TRUST. FOR DJIA TARGET 5 PREMIER TRUST, MAY 1998 SERIES ("TARGET 5 PREMIER TRUST") The following special terms and conditions are hereby agreed to: A. The Securities initially deposited in the Trust pursuant to Section 2.01 of the Standard Terms and Conditions of Trust are set forth in the Schedules hereto. B. (1) The aggregate number of Units outstanding for the Trust on the Initial Date of Deposit and the initial fractional undivided interest in and ownership of the Trust represented by each Unit thereof are set forth in the Prospectus in the section "Summary of Essential Information." Documents representing this number of Units for the Trust are being delivered by the Trustee to the Depositor pursuant to Section 2.03 of the Standard Terms and Conditions of Trust. C. The Percentage Ratio is as follows on the Initial Date of Deposit is as set forth in the Prospectus under "Schedule of Investments." D. The Record Date shall be as set forth in the prospectus for the sale of Units dated the date hereof (the "Prospectus") under "Summary of Essential Information." E. The Distribution Date shall be as set forth in the Prospectus under "Summary of Essential Information." F. The Mandatory Termination Date for the Trust shall be as set forth in the Prospectus under "Summary of Essential Information." G. The Evaluator's compensation as referred to in Section 4.03 of the Standard Terms and Conditions of Trust shall be an annual fee as set forth in the Prospectus under "Summary of Essential Information," calculated based on the largest number of Units outstanding during each period in respect of which a payment is made pursuant to Section 3.05, payable on a Distribution Date. Such fee may exceed the actual cost of providing such evaluation services for the Trust, but at no time will the total amount received for evaluation services rendered to unit investment trusts of which Nike Securities L.P. is the sponsor in any calendar year exceed the aggregate cost to the Evaluator of supplying such services in such year. H. The Trustee's Compensation Rate pursuant to Section 6.04 of the Standard Terms and Conditions of Trust shall be an annual fee as set forth in the Prospectus under "Summary of Essential Information," calculated based on the largest number of Units outstanding during the calendar year except during the initial offering period as determined in Section 4.01 of this Indenture, in which case the fee is calculated based on the largest number of units outstanding during...
TERMS AND CONDITIONS OF TRUST. With respect to any qualified Sub-Chapter S trust: there shall be only one current income beneficiary of the trust during the life of the current income beneficiary [Section 1361(d)(3)(A) of the Internal Revenue Code.]; and any distributions of income or principal from the trust during the life of the current income beneficiary shall be made only to that beneficiary [Section 1361(d)(3)(A) of the Internal Revenue Code.] who must be a citizen or resident of the United States [Section 1361(d)(3)(B) of the Internal Revenue Code; and the income interest of the current income beneficiary must terminate on the death of the current income beneficiary or the termination of the trust, whichever occurs first; and the trust must distribute all if its assets to the current income beneficiary on termination of the trust during that beneficiary's life; and all the income of the trust, as defined in Section 643(b) of the Internal Revenue Code. shall be distributed currently to the current income beneficiary [within in the meaning of Section 1361(d)(3)(B) of the Internal Revenue Code.]. Further, any income that is accrued, accumulated, or undistributed on the death of the current income beneficiary shall be distributed in a manner permitted by Section 1361(d)(3)(B) of the Internal Revenue Code.
TERMS AND CONDITIONS OF TRUST. These Terms and Conditions of Trust, effective __________________, 2000, are executed by GENESIS FINANCIAL GROUP, INC., a Michigan corporation, as settlor and sponsor ("Sponsor"), and __________________________, _____________________________ and __________________________ as Trustees (collectively, "Trustees" or "Board of Trustees"), and shall be applicable to the Gen-Net Lease Income Fund Trust, Corporate and Government Series.
TERMS AND CONDITIONS OF TRUST. The Trustee accepts the trust created hereby upon the terms and conditions hereof, including the following, to all of which the parties hereto agree:
