Trustee’s Statement Sample Clauses
The Trustee’s Statement clause requires the trustee to formally declare or confirm certain facts or actions related to the administration of the trust. Typically, this clause outlines the trustee’s responsibility to provide statements regarding the trust’s assets, distributions, or compliance with the trust’s terms, often in writing and at specified intervals or upon request. Its core practical function is to ensure transparency and accountability in the trustee’s management of the trust, thereby providing beneficiaries and other interested parties with assurance about the trust’s status and the trustee’s actions.
Trustee’s Statement. The statement in writing of the Trustee or Trustees as to the amount payable hereunder shall be binding upon the Guarantors and conclusive against them in the absence of manifest error.