Common use of Administration of Fiduciary Accounts Clause in Contracts

Administration of Fiduciary Accounts. The Bank has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Bank nor any of its directors, officers, employees or agents has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true, complete and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First State Bancorporation), Agreement and Plan of Merger (First State Bancorporation)

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Administration of Fiduciary Accounts. The Bank Each of the Seller and its subsidiaries has properly administered in all material respects all accounts for which it acts as a fiduciary, including including, but not limited to to, accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Bank nor any of its directors, officers, employees or agents has committed any breach of trust with respect to any such fiduciary account, and the The accountings for each such fiduciary account are true, complete true and correct in all material respects and accurately reflect reflects the assets of such fiduciary account.

Appears in 2 contracts

Samples: Exhibit 1. Agreement and Plan of Merger (Citizens Financial Group Inc/De), Agreement and Plan of Merger (Ust Corp /Ma/)

Administration of Fiduciary Accounts. The Company and the Bank has have properly administered all accounts for which it each acts as a fiduciary, including but not limited to accounts for which it each serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common lawLaw. Neither the Company nor the Bank nor any of its their directors, officers, employees or agents has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true, complete and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First State Bancorporation), Agreement and Plan of Merger (Access Anytime Bancorp Inc)

Administration of Fiduciary Accounts. The Bank It has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state laws and federal law and regulation and common lawregulations. Neither the Bank it nor any of its directors, officersofficers or employees, employees or agents has committed any breach of trust with respect to any such fiduciary account, and the accountings records for each such fiduciary account are true, complete true and correct and accurately reflect the assets of such fiduciary account.. (y)

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Chittenden Corp /Vt/), Agreement and Plan of Merger (Chittenden Corp /Vt/)

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Administration of Fiduciary Accounts. The Bank Company and each of its Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither the Bank Company nor any of its Subsidiaries nor any of their respective directors, officers, officers or employees or agents has committed any breach of trust with respect to any such fiduciary account, and the accountings for each such fiduciary account are true, complete and correct and accurately reflect the assets of such fiduciary account.of

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bancorpsouth Inc)

Administration of Fiduciary Accounts. The Bank Borrower and each Subsidiary has properly administered all accounts accounts, if any, for which it acts as a fiduciary, including but not limited to accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the governing documents and applicable state laws and federal law and regulation and common lawregulations. Neither the Bank it nor any of its directors, officersofficers or employees, employees or agents has committed any breach of trust with respect to any such fiduciary account, and the accountings records for each such fiduciary account are true, complete true and correct and accurately reflect the assets of such fiduciary account.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Life Financial Corp)

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