Common use of Trust Business Clause in Contracts

Trust Business. In the case of the Company: each of it and its subsidiaries has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the applicable governing documents and applicable laws and regulations. Neither it nor its subsidiaries have, nor has any of their respective directors, officers or employees, committed any breach of trust with respect to any such fiduciary account. The accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (People's United Financial, Inc.), Agreement and Plan of Merger (Smithtown Bancorp Inc)

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Trust Business. In the case of the Company: The Company and each of it and its subsidiaries Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as a trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the applicable governing documents and applicable laws and regulationsLaw. Neither it nor its subsidiaries haveNone of the Company, nor has any of their respective directorsits Subsidiaries, officers or employeesany director, officer or employee of the Company or of any of its Subsidiaries, has committed any breach of trust or fiduciary duty with respect to any such fiduciary account. The , and the accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Square 1 Financial Inc), Agreement and Plan of Merger (Pacwest Bancorp)

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Trust Business. In the case Each of the Company: each of it Company and its subsidiaries Subsidiaries has properly administered all accounts for which it acts as a fiduciary, including accounts for which it serves as trustee, agent, custodian, personal representative, guardian, conservator or investment advisor, in accordance with the terms of the applicable governing documents and applicable laws and regulations. Neither it Company nor its subsidiaries Subsidiaries have, nor has have any of their respective directors, officers or employees, committed any breach of trust with respect to any such fiduciary account. The accountings for each such fiduciary account are true and correct and accurately reflect the assets of such fiduciary account.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Iberiabank Corp)

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