Common use of Reimbursement of Initial Costs Clause in Contracts

Reimbursement of Initial Costs. The Depositor on behalf of the Trust is authorized to reimburse the Depositor for the cost of organizing each Series of Trust and the sale of the related Units to the extent provided in the Master Services Agreement. The Depositor on behalf of the Trust is further authorized to pay directly third parties for the cost of providing goods or services to the Trust or any Series of Trust to the extent provided in the Master Services Agreement or any Series MSA Supplement. The Depositor on behalf of the Trust is authorized to sell Securities and terminate Derivative Transactions for such reimbursement.

Appears in 2 contracts

Sources: Master Trust Agreement (Olden Lane Trust C/O Olden Lane Securities LLC), Master Trust Agreement (Equinox Trust)