Common use of Authorization of the Trust Agreement Clause in Contracts

Authorization of the Trust Agreement. The Trust Agreement has been duly authorized, executed and delivered by the Trustee on behalf of the Trust and constitutes a valid and binding agreement of the Trust, enforceable against the Trust in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or other similar laws relating to or affecting enforcement of creditors' rights generally, or by general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).

Authorization of the Trust Agreement. The Trust Agreement Agreement, has been duly authorized, executed and delivered by the Trustee on behalf of the Trust Company and constitutes a valid valid, legal and binding agreement of the TrustCompany , enforceable against the Trust Company in accordance with its terms, except as to the enforcement thereof extent enforceability may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers)insolvency, reorganization, moratorium or other similar laws relating to or affecting enforcement of creditors' ’ rights generally, generally or by general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law)equity.