Common use of Administration of Trust Accounts Clause in Contracts

Administration of Trust Accounts. FNB and FNB Subsidiaries have properly administered, in all respects material and which could reasonably be expected to be material to the business, operations or financial condition of FNB and FNB Subsidiaries, taken as a whole, all accounts for which they act as fiduciaries including but not limited to accounts for which they serve as trustees, agents, custodians, personal representatives, guardians, conservators or investment advisors, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither FNB nor a FNB Subsidiary, nor any director, officer or employee of FNB or a FNB Subsidiary has committed any breach of trust with respect to any such fiduciary account which is material to or could reasonably be expected to be material to the business, operations or financial condition of FNB, or a FNB Subsidiary, taken as a whole, and the accountings for each such fiduciary account are true and correct in all material respects and accurately reflect the assets of such fiduciary account in all material respects.

Administration of Trust Accounts. FNB FSSB and FNB Subsidiaries have each FSSB Subsidiary has properly administered, administered in all material respects material and which could reasonably be expected excepted to be material to the business, operations or financial condition of FNB FSSB and FNB Subsidiaries, the FSSB Subsidiaries taken as a whole, all accounts for which they act it acts as fiduciaries a fiduciary, including but not limited to accounts for which they serve it serves as trusteesa trustee, agentsagent, custodianscustodian, personal representativesrepresentative, guardiansguardian, conservators conservator or investment advisorsadvisor, in accordance with the terms of the governing documents and applicable state and federal law and regulation regulations and common law. Neither FNB nor a FNB To the Knowledge of FSSB, neither FSSB, any FSSB Subsidiary, nor any director, officer or employee of FNB FSSB or a FNB any FSSB Subsidiary has committed any breach of trust with respect to any such fiduciary account which is material to or could reasonably be expected to be material to the business, operations or financial condition of FNB, or a FNB Subsidiary, FSSB and the FSSB Subsidiaries taken as a whole, and the accountings for each such fiduciary account are true and correct in all material respects and accurately reflect the assets of such fiduciary account in all material respectsaccount.

Administration of Trust Accounts. FNB SCB and FNB SCB Subsidiaries have properly administered, in all respects material and which could reasonably be expected to be material to the business, operations or financial condition of FNB SCB and FNB SCB Subsidiaries, taken as a whole, all accounts for which they act as fiduciaries including but not limited to accounts for which they serve as trustees, agents, custodians, personal representatives, guardians, conservators or investment advisors, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither FNB SCB nor a FNB SCB Subsidiary, nor any director, officer or employee of FNB SCB or a FNB SCB Subsidiary has committed any breach of trust with respect to any such fiduciary account which is material to or could reasonably be expected to be material to the business, operations or financial condition of FNBSCB, or a FNB SCB Subsidiary, taken as a whole, and the accountings for each such fiduciary account are true and correct in all material respects and accurately reflect the assets of such fiduciary account in all material respects.

Administration of Trust Accounts. FNB CBI and FNB CBI Subsidiaries have properly administered, in all respects material and which could reasonably be expected to be material to the business, operations or financial condition of FNB CBI and FNB CBI Subsidiaries, taken as a whole, all accounts for which they act as fiduciaries including but not limited to accounts for which they serve as trustees, agents, custodians, personal representatives, guardians, conservators or investment advisors, in accordance with the terms of the governing documents and applicable state and federal law and regulation and common law. Neither FNB CBI nor a FNB CBI Subsidiary, nor any director, officer or employee of FNB CBI or a FNB CBI Subsidiary has committed any breach of trust with respect to any such fiduciary account which is material to or could reasonably be expected to be material to the business, operations or financial condition of FNBCBI, or a FNB CBI Subsidiary, taken as a whole, and the accountings for each such fiduciary account are true and correct in all material respects and accurately reflect the assets of such fiduciary account in all material respects.