Trustee’s Representation Clause Samples
The Trustee’s Representation clause sets out the assurances and statements made by the trustee regarding their authority, capacity, and legal standing to act as trustee under the agreement. Typically, this clause confirms that the trustee has been duly appointed, is acting within their powers, and that the trust is valid and in good standing. By including these representations, the clause provides confidence to other parties that the trustee is properly empowered to enter into and perform the obligations of the contract, thereby reducing the risk of disputes over the trustee’s legitimacy or authority.
Trustee’s Representation. HSBC Bank USA, National Association, as trustee of the Issuer and of the Supplemental Interest Trust, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this Agreement and each confirmation evidencing a Transaction hereunder as trustee on behalf of the Issuer and the Supplemental Interest Trust.
Trustee’s Representation. U.S. Bank National Association, as Trustee, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this letter agreement as Trustee on behalf of the Counterparty.
Trustee’s Representation. LaSalle Bank National Association, as Supplemental Interest Trust Trustee, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this letter agreement as Supplemental Interest Trust Trustee on behalf of the Counterparty.
Trustee’s Representation. LaSalle Bank National Association, as Trustee of the Trust, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this Agreement and each confirmation evidencing a Transaction hereunder as Trustee on behalf of the Trust.
Trustee’s Representation. W▇▇▇▇ Fargo Bank, N.A., as Trustee, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this letter agreement as Trustee on behalf of the Counterparty.
Trustee’s Representation. Deutsche Bank National Trust Company, as Trustee, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this letter agreement as Trustee on behalf of the Counterparty.
Trustee’s Representation. Deutsche Bank National Trust Company, as Trustee, represents and warrants that: It has been directed under the Pooling and Servicing Agreement to enter into this letter agreement as Trustee on behalf of the Counterparty.