Separate Trusts. The Trusts created by this Indenture are separate and distinct trusts for all purposes and the assets of one trust may not be commingled with the assets of any other nor shall the expenses of any trust be charged against the other. The Certificates and/or Book Entry Positions representing the ownership of Units of undivided fractional interest in one Trust shall not be exchangeable for certificates or book entry positions representing ownership of Units of undivided fractional interest in any other Trust.
Appears in 2 contracts
Sources: Trust Indenture and Agreement (Nuveen Unit Trusts), Standard Terms and Conditions of Trust (Nuveen Unit Trusts Series 1)
Separate Trusts. The Trusts Trust created by this Indenture are is a separate and distinct trusts trust for all purposes and the assets of one trust may not be commingled co-mingled with the assets of any other nor shall the expenses of any trust be charged against the any other. The Certificates and/or Book Entry Positions Units representing the ownership of Units of an undivided fractional interest in one this Trust shall not be exchangeable for certificates or book entry positions units representing the ownership of Units of an undivided fractional interest in any other Trusttrust.
Appears in 1 contract
Sources: Trust Agreement (Gen Net Realty Unit Investment Trust Corporate Govt Series)