Common use of Acceptance of Trusteeship Clause in Contracts

Acceptance of Trusteeship. A Trustee shall execute a written acceptance in a form satisfactory to the Trustees and consistent with the Act and thereby shall be deemed to have accepted the Trust created and established by this Trust Agreement and to have consented to act as Trustee and to have agreed to administer the Pension Trust Fund as provided herein. Such written

Acceptance of Trusteeship. A Trustee shall execute a written acceptance in a form satisfactory to the Trustees and consistent with the Act and thereby shall be deemed to have accepted the Trust created and established by this Trust Agreement and to have consented to act as Trustee and to have agreed to administer the Pension Trust Fund National Elevator Industry Educational Program as provided herein. Such writtenwritten acceptance shall be filed at the office of the Trust.