Common use of Existence of Trust Clause in Contracts

Existence of Trust. The Trust has been duly created and is validly existing in good standing as a business trust under the Delaware Act, is and will be treated as a "grantor trust" for federal income tax purposes under existing law, has the business trust power and authority to conduct its business as presently conducted and as described in the Prospectus, and is not required to be authorized to do business in any other jurisdiction.

Existence of Trust. The Trust has been duly created and is validly existing in good standing as a business trust under the Delaware Act, is and will be treated as a "grantor trust" for federal income tax purposes under existing law, has the business trust power and authority to conduct its business as presently conducted and as described in the Prospectus, Prospectus and is not required to be authorized to do business in any other jurisdiction.

Existence of Trust. The Trust has been duly created and is validly existing in good standing as a business trust under the Delaware Act, is and will be treated as a "grantor trust" for federal income tax purposes under existing law, has the business trust power and authority to conduct its business as presently conducted and as described in the Prospectus, Prospectus and is not required to be authorized to do business in any other jurisdiction; the Trust does not have any consolidated or unconsolidated subsidiaries; and the Trust is and will be treated as a consolidated subsidiary of the Company pursuant to GAAP.

Existence of Trust. The Trust has been duly created and is validly existing in good standing as a business statutory trust under the Delaware Act, is and will be treated as a "“grantor trust" ” for federal income tax purposes under existing law, has the business statutory trust power and authority to conduct its business as presently conducted and as described in the Prospectus, Prospectus and is not required to be authorized to do business in any other jurisdiction.

Existence of Trust. The Trust has been duly created and is validly existing in good standing as a business statutory trust under the Delaware Act, is and will be treated as a "grantor trust" for federal income tax purposes under existing law, has the business statutory trust power and authority to conduct its business as presently conducted and as described in the Prospectus, Prospectus and is not required to be authorized to do business in any other jurisdiction.