Common use of The Trust Account Clause in Contracts

The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contract, the Treasury Securities, any other U.S. Government Securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.5, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters of the Securities remaining after the purchase of the Contract and the Treasury Securities shall be credited to the Trust Account.

Appears in 3 contracts

Samples: Trust Agreement (Tenth Automatic Common Exchange Security Trust), Trust Agreement (Ameritrade Automatic Common Exchange Security Tr), Trust Agreement (Eleventh Automatic Common Exchange Security Trust)

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The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the ContractContracts, the Treasury Securities, any other U.S. Government Securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.53.5 hereof, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters of the Securities remaining after the purchase of the Contract Contracts and the Treasury Securities and the payment of the Trust's expenses described in Section 3.2 hereof shall be credited to the Trust Account.

Appears in 2 contracts

Samples: Trust Agreement (Third Automatic Common Exchange Security Trust), Trust Agreement (Second Automatic Common Exchange Security Trust)

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The Trust Account. The Trustees shall, upon issuance of the Securities, establish with the Paying Agent an account to be called the "Trust Account". All moneys received by the Trustees in respect of the Contract, the Treasury Securities, any other U.S. Government Securities delivered to the Trust and any Temporary Investments held pursuant to Section 3.53.5 hereof, all moneys received from the sale of the Securities to the Sponsor, and any proceeds from the sale to the Underwriters Underwriter of the Securities Securi ties remaining after the purchase of the Contract and the Treasury Securities shall be credited to the Trust Account.

Appears in 1 contract

Samples: Trust Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)

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