Laserfiche WebLink
completely distributed, such schedule shall be held thereafter as part of the <br />permanent records of the fund to which the liquidating Account or <br />Dedicated Account relates The Trustee shall include in any report of audit <br />for a Fund a report for each related Liquidating Account and Dedicated <br />Account established hereunder, For purposes hereof, the value of assets <br />transferred to or held in a Liquidating Account or Dedicated Account (and <br />the beneficial Interest of any Participating Trust therein) may be based upon <br />value as provided in Section 5,02, or amortized cost, or book value, as <br />determined by the Trustee in its sole discretion. <br />8.133 Borrowings. if in the Trustee's reasonable opinion such action is advisable <br />for the protection of any asset held therein, the Trustee may borrow from <br />others (to be secured by the assets held in a Liquidating Account) and to <br />make and renew such note or notes therefore as the Trustee may determine. <br />8.04 Distributions, The Trustee may make distributions from a Liquidating <br />Account or Dedicated Account in cash or in -kind or partly in cash and partly <br />in -kind, and the time and manner of making all such distributions shall rest <br />in the sole discretion of the Trustee; provided that all such distributions as of <br />any one time shall be made ratably and on the same basis among the <br />Participating Trusts which hold a beneficial interest in such Liquidating <br />Account or Dedicated Account. Income, gains, and losses attributable to a <br />Liquidating Account or Dedicated Account shall be allocated among the <br />Participating Trusts that hold a beneficial interest in such Liquidating <br />Account or Dedicated Account in proportion to such respective beneficial <br />interests. <br />Notwithstanding anything herein to the contrary, with respect to a Dedicated <br />Account established to pay the Participating Trusts for the withdrawal of <br />Units from the Fund pursuant to Section 105, the Trustee shall have satisfied <br />its obligation to the Participating Trusts to pay the amount due upon <br />redemption, so long as (a) the Trustee has transferred to the Dedicated <br />Account, as soon as reasonably practicable after the applicable Valuation. <br />Date which has established the value of the Units of the Fund so redeemed, <br />securities and other assets with a value (determined in accordance with <br />Section 5.02) as of the applicable Valuation hate before consideration of <br />applicable transaction expenses (as described in Section 3.06) equal to the <br />value of the Units so redeemed, and (b) the Trustee pays out to the <br />Participating Trusts the net proceeds realized upon the sale, disposition, or <br />liquidation of the securities and assets in such Dedicated Account as <br />provided in this Section 8.04 within a reasonable time after the transfer of <br />such securities and other assets to such Dedicated Account. <br />AB I/ 30024185.9 -27- <br />