Representations by trustees Clause Samples
Representations by trustees if any of you are entering into this Loan Agreement as the trustee of a trust then you represent and warrant to the lender that:
▇. ▇▇▇▇▇▇: you have the power under the instrument under which you hold the property on trust to enter into this Loan Agreement;
Representations by trustees. If any of you are entering into this contract as the trustee of a trust then you represent and warrant to the lender that:
(i) powers: you have the power under the instrument under which you hold property on trust to enter into this contract;
Representations by trustees. If any party granting this security or entering into any secured agreement is entering into it as the trustee of a trust then that person represents and warrants to the security holder that:
(i) powers: the party has the power under the instrument under which the party holds property on trust to enter into this instrument and/ or each secured agreement;
(ii) proper purposes: the entry into this instrument and/or the secured agreements is for a proper purpose and for the benefit of the trust under which the party holds property;
(iii) right to be indemnified: the party has the right to be indemnified from the assets of the trust and that right has not been lost or impaired by any action of the party including the entry into this instrument and each secured agreement; and
(iv) all trustees approve or assent: all of the persons who are trustees of the relevant trust have approved and have signed or assented to this instrument and each secured agreement.
Representations by trustees if any of you are entering into this Loan Agreement as the trustee of a trust then you represent and warrant to the lender that:
▇. ▇▇▇▇▇▇: you have the power under the instrument under which you hold the property on trust to enter into this Loan Agreement; and
b. Proper purposes: the entry into this Loan Agreement is for a proper purpose;
c. Right to be indemnified: you have the right to be indemnified from the assets of the trust and that right has not been lost or impaired by any of your actions including the entry into this Loan Agreement; and
d. All trustees approve or assent: all of the persons who are trustees of the relevant trust have approved and have signed or assented to this Loan Agreement.
Representations by trustees. The Trustees represent and warrant to Eagle Bancorp that: