SERIES TRUST AGREEMENT for AUSTIN TRUST, SERIES 10000 for $34,086,000 Variable Certificates, SERIES 10000 and $20,000 Inverse Certificates, SERIES 10000 Evidencing an Interest inSeries Trust Agreement • August 8th, 2008 • America First Tax Exempt Investors Lp • Finance services
Contract Type FiledAugust 8th, 2008 Company IndustryFederal and State Income Taxes: Bond Counsel rendered its opinion at the time of original issuance of the Underlying Bonds generally to the effect that, based on then existing laws, regulations and decisions and subject to certain conditions, interest on the Underlying Bonds is for federal income tax purposes is excludable from the “gross income” of the holders thereof, except for any holder who is treated pursuant to section 147(a) of the Code as a “substantial user” of the project or, a “related person” to such user. No opinion, however, was expressed regarding the treatment of the interest on the Underlying Bonds under the tax laws of the State of Texas.
SERIES TRUST AGREEMENT for AUSTIN TRUST, SERIES 10003 for $9,104,000 Variable Certificates, SERIES 10003 and $5,000 Inverse Certificates, SERIES 10003 Evidencing an Interest in Enhanced Custody Receipt, Series 2008 CDB-11E Evidencing an Interest in...Series Trust Agreement • August 8th, 2008 • America First Tax Exempt Investors Lp • Finance services
Contract Type FiledAugust 8th, 2008 Company IndustryThis Series Trust Agreement of the Series set forth on the cover page hereof (this “Series Trust Agreement”), dated as of the date set forth on the cover page hereof, by and between BANK OF AMERICA, NATIONAL ASSOCIATION, as Trustor, and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee and Tender Agent, for the Variable Certificates (the “Variable Certificates”) and the Inverse Certificates (the “Inverse Certificates”) (collectively, the Variable Certificates and the Inverse Certificates, the “Certificates”) described on the cover page hereof, incorporates by reference the Standard Terms and Provisions of Trust Agreement, dated as of October 1, 2002 (the “Standard Terms”), attached as Exhibit A hereto, and is governed by the Standard Terms as fully as if set forth herein. All capitalized terms used and not defined herein shall have the meanings set forth in the Standard Terms.
SERIES TRUST AGREEMENT for AUSTIN TRUST, SERIES 10001 for $27,326,000 Variable Certificates, SERIES 10001 and $25,000 Inverse Certificates, SERIES 10001 Evidencing an Interest inSeries Trust Agreement • August 8th, 2008 • America First Tax Exempt Investors Lp • Finance services
Contract Type FiledAugust 8th, 2008 Company IndustryFederal and State Income Taxes: Bond Counsel rendered its opinion at the time of original issuance of the Underlying Bonds generally to the effect that, based on then existing laws, regulations and decisions and subject to certain conditions, the Underlying Bonds, as of their date of issuance, bear interest, unless the bondholder is a “substantial user” of the project or a “related person” to the “substantial user”, which is excludable from the gross income of the owner for purposes of federal income taxation and is excludable to the same extent from gross income and taxable net income of individuals, estates or trusts for purposes of State of Minnesota income taxation (but is subject to Minnesota franchise taxes imposed on corporations and financial institutions).