Common use of Representations of Trustee(s). Any Trustee Clause in Contracts

Representations of Trustee(s). Any Trustee. for a Trust who signs an “Application for Membership and Account Agreement for Revocable Trusts” represents the following: (i) the Trust is in full force and effect and it has not been revoked or amended in any manner which would cause the representations made herein to be inaccurate or incorrect; (ii) the named Trustee(s) has qualified, is acting as Trustee(s), and is authorized to open this account; (iii) the Trustee(s) is authorized to hold, manage, deposit, withdraw, invest and reinvest funds deposited, purchase and sell certificates of deposit, and accomplish any or all other banking transactions;