Common use of Trustees Accounts Clause in Contracts

Trustees Accounts. The Trustees shall keep or, in the Trustees’ sole and absolute discretion, shall cause others to keep, accurate written records and books of account of the trust estate, showing the manner in which the trust estate is invested, if applicable, and all receipts, disbursements, and other transactions involving the trust estate. All such records and books of account shall be the property of the Trustees during the duration of this Trust and their trusteeship and they, together with the Trust Property and all reasonable evidence thereof, plus any accounts, shall not be made available to any beneficiary during the trust term except as hereinabove provided or as may be required by applicable law.

Trustees Accounts. The Trustees Trustee shall keep or, in the Trustees’ Trustee’s sole and absolute discretion, shall cause others to keep, accurate written records and books of account of the trust estateTrust Estate, showing the manner in which the trust estate Trust Estate is invested, if applicable, invested and all receipts, disbursements, and other transactions involving the trust estateTrust Estate. All such records and books of account shall be the property of the Trustees Trustee during the duration of this Trust and their trusteeship and they, together with the Trust Property property and all reasonable evidence thereof, plus any accounts, shall not be made available to any beneficiary the Grantor during the trust Trust term except as hereinabove provided or as may be required by applicable law.