Common use of Due Formation and Good Standing of the Trust Clause in Contracts

Due Formation and Good Standing of the Trust. The Trust is a statutory trust, duly formed under Delaware law pursuant to the Trust Agreement (the "TRUST AGREEMENT") between Wilmington Trust Company, as Trustee (the "DELAWARE TRUSTEE") and AMACAR Pacific Corporation, as administrator and trust beneficial holder, and the filing of a certificate of trust with the Delaware Secretary of State, which is validly existing and in good standing as a statutory trust under the laws of the State of Delaware.

Due Formation and Good Standing of the Trust. The Trust is a statutory trust, duly formed under Delaware law pursuant to the Trust Agreement (the "TRUST AGREEMENT") between Wilmington Trust Company, as Trustee (the "DELAWARE TRUSTEE") and AMACAR Pacific Corporation, as administrator and trust beneficial holder, holder and the filing of a certificate of trust with the Delaware Secretary of State, which is validly existing and in good standing as a statutory trust under the laws of the State of Delaware.