Common use of Acceptance of the Trusts Clause in Contracts

Acceptance of the Trusts. The Trustee hereby accepts the trusts imposed upon it by this Indenture, and agrees to perform said trusts and to continue to perform, provided that the Trustee may, in accordance with Section 10.6 hereof, exercise its right to resign from the trusts created hereby; and provided further that the acceptance by the Trustee of the trusts imposed under this Indenture and the agreement to perform said trusts are subject to the following express terms and conditions:

Appears in 4 contracts

Samples: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Commercial Trust /Tx)

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