Common use of Binding Nature of Trust Agreement Clause in Contracts

Binding Nature of Trust Agreement. The terms and provisions of this Trust Agreement shall be binding upon and inure to the benefit of the heirs, custodians, executors, estates, administrators, personal representatives, successors and permitted assigns of the respective Shareholders. For purposes of determining the rights of any Shareholder, the Trust and the Manager may rely upon the Trust records as to who are Shareholders, and all Shareholders agree that the Trust and the Manager, in determining such rights, shall rely on such records and that Shareholders shall be bound by such determination.

Binding Nature of Trust Agreement. The terms and provisions of this Trust Agreement shall be binding upon and inure to the benefit of the heirs, custodians, executors, estates, administrators, personal representatives, successors and permitted assigns of the respective ShareholdersInterest Holders. For purposes of determining the rights of any ShareholderInterest Holder or assignee hereunder, the Trust and the Manager may rely upon the Trust and Series records as to who are ShareholdersInterest Holders and permitted assignees, and all Shareholders Interest Holders and assignees agree that the Trust and the Manager, in determining such rights, shall rely on such records and that Shareholders they shall be bound by such determination.