The Trustee declares Sample Clauses

The Trustee declares a) That it is a National Credit Institution which is ruled by the ordinances of its own Organic Law. b) That it is legally qualified to act as TRUSTEE, therefore it agrees to receive the assignment that is given to it through this act. c) That according to sub-sub-paragraph b) of section XIX of article 106 of the Credit Institutions Law, it unequivocally informed the FIRST TRUSTOR about the contents and legal significances of such provision, which is written in clause Twenty-Sixth of this Agreement. Due to what has been expounded, the parties grant the following: