Acceptance of Trust Clause Samples
The Acceptance of Trust clause formally establishes the trustee's agreement to undertake the responsibilities and duties outlined in the trust document. In practice, this clause typically requires the trustee to acknowledge their role, confirm their willingness to act, and sometimes sign a statement of acceptance before managing any trust assets. Its core function is to ensure that the trustee is fully aware of and consents to their obligations, thereby preventing disputes about whether the trustee has officially assumed their role and safeguarding the proper administration of the trust.
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Acceptance of Trust. The Trustee hereby accepts the Trust created and provided for by and in this Agreement and agrees to perform the same upon the terms and conditions herein set forth and to hold all rights, privileges and benefits conferred hereby and by law in trust for the various persons who shall from time to time be Beneficiaries, subject to all the terms and conditions herein set forth.
Acceptance of Trust. As contemplated in Section 3.1 of the Agreement and Declaration of Trust of GRAND PRIX INVESTORS TRUST, the undersigned accepts his designation as a Trustee of said Trust and agrees to the provisions of said Agreement and Declaration of Trust.
Acceptance of Trust. The Trustee hereby accepts the Trust created by this Indenture for the use and benefit of the Unit Holders in the Trust, subject to the terms and conditions of this Indenture.
Acceptance of Trust. The Trustee hereby acknowledges and accepts the trusts granted hereby.
Acceptance of Trust. [—], the Trustee named herein, hereby accepts the trusts in this CVR Agreement declared and provided, upon the terms and conditions set forth herein.
Acceptance of Trust. The Collateral Trustee, for itself and its successors, hereby accepts the trusts created by this Trust Agreement upon the terms and conditions hereof.
Acceptance of Trust. Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other deed of trust or any action or proceeding in which Grantor, Beneficiary, or Trustee shall be a party, unless brought by Trustee.
Acceptance of Trust. 12 Section 2.03.
Acceptance of Trust. The Voting Trustee accepts the trust created hereby in accordance with all of the terms and conditions contained in this Agreement. The Trust Shares shall be held by the Voting Trustee for the purposes of and in accordance with this Agreement, and none of the Trust Shares, or any interest therein, shall be sold or otherwise disposed of, pledged or encumbered by the Voting Trustee, except as provided in this Agreement and in the Call Option Agreement.
Acceptance of Trust. The Trustee hereby accepts the trusts in this Ninth Supplemental Indenture declared and provided and agrees to perform the same upon the terms and conditions contained herein.