Qualifications of Trustee. The Trustee shall be a corporation organized and doing business under the laws of the United States or any state thereof, which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $5,000,000.
Appears in 4 contracts
Sources: Trust Agreement (Destra Targeted Income Unit Investment Trust), Trust Indenture and Agreement (Nuveen Unit Trusts), Standard Terms and Conditions of Trust (Nuveen Unit Trusts Series 1)
Qualifications of Trustee. The Trustee shall be a corporation organized and doing business under the laws of the United States or any state thereof, thereof which is authorized under such laws to exercise corporate trust powers and having at all times an aggregate capital, surplus, and undivided profits of not less than $5,000,000.
Appears in 2 contracts
Sources: Trust Indenture and Agreement (Morgan Stanley Dean Wit Sel Equity Tr 5 Industrial 2000-2), Trust Indenture and Agreement (Morgan Stanley Dean Wit Sel Equity Tr 10 Industrial 2000-2)