How Is Trust Res Distributed at Termination to Beneficiaries and Capital Certificate Holders

How Is Trust Res Distributed at Termination to Beneficiaries and Capital Certificate Holders

Those details are covered inside the Indenture, specifically:

8.04 Ownership of Capital Certificates shall not entitle the Exchanger to any legal or equitable title in the Trust, nor to any undivided interest therein, nor management thereof, except and only at such time as the Trust is terminated.

8.08 An Exchanger shall not have the right to ask for partition of the Trust, Trust Res or Trust profits during the continuance of the Trust. An Exchanger shall only have an interest in distribution of assets upon termination of the Trust.

9.01 The Board of Trustees shall be authorized to issue certificates of beneficial interest, hereinafter "Beneficial Interest Certificates", in such form as it deems proper, evidencing the proportional equitable interest of the Beneficiaries. The Beneficial Interest Certificates shall have no par value, and the Board of Trustees shall not place any nominal value on Beneficial Interest Certificates. Beneficial Interest Certificates are non-assessable, non-taxable, non-negotiable and especially limited in transferability.

9.09 Beneficial Interest Certificates shall not entitle the Beneficiaries to participate in all distributions from the profits of this Trust.