Deposited Units definition
Examples of Deposited Units in a sentence
Upon receipt of such direction from the Depositor, upon which the Trustee shall rely, the Trustee shall proceed to sell or redeem the specified Deposited Units in accordance with such direction.
After the effective time of any such adjustment or increase, the Trustee shall also be entitled to charge an additional reasonable fee at a rate or amount to be determined by the Trustee and the Depositor based upon the face amount of Deposited Units in the Trust for the Trustee's services in such Deposited Units.
The Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of any sale or redemption made pursuant to any such direction or by reason of the failure of the Depositor to give any such direction, and in the absence of such direction the Trustee shall have no duty to sell any Deposited Units under this Section 3.13.
Upon receipt of such direction from the Depositors, upon which the Trustee shall rely, the Trustee shall proceed to sell or redeem the specified Deposited Units in accordance with such direction.
At the Closing, Nashland shall also deposit with the Escrow Agent three original executed assignments of the Nashland Deposited Units in blank and HRE shall deposit with the Escrow Agent three original executed assignments of the HRE Deposited Units in blank.
At the time of any such adjustment or increase, the Trustee shall also be entitled to charge thereafter an additional reasonable fee at a rate or amount to be determined by the Trustee and the Depositors of the affected Trust based upon the face amount of Deposited Units in the Trust for the Trustee's services in maintaining such Deposited Units.
The Trustee shall not be liable or responsible in any way for depreciation or loss incurred by reason of any sale or redemption made pursuant to any such direction or by reason of the failure of the Depositors to give any such direction, and in the absence of such direction the Trustee shall have no duty to sell any Deposited Units under this Section 3.13.