Common use of Conveyance by the Trustee is Binding Clause in Contracts

Conveyance by the Trustee is Binding. Any sale or other conveyance of any part of the Trust Estate by the Trustee made pursuant to the terms of this Agreement will bind the Beneficiaries and will be effective to transfer or convey all beneficial interest of the Trustee and Beneficiaries in and to such part of the Trust Estate, as the case may be. No purchaser or other grantee will be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Trustee or the officers.

Conveyance by the Trustee is Binding. Any sale or other conveyance of any part of the Trust Estate by the Trustee made pursuant to the terms of this Agreement will bind the Beneficiaries Beneficiary and will be effective to transfer or convey all legal title of the Trustee and beneficial interest of the Trustee and Beneficiaries Beneficiary in and to such part of the Trust Estate, as the case may be. No purchaser or other grantee will be required to inquire as to the authorization, necessity, expediency or regularity of such sale or conveyance or as to the application of any sale or other proceeds with respect thereto by the Trustee or the officers.