Common use of Representations, Warranties and Covenants of the Trustee Clause in Contracts

Representations, Warranties and Covenants of the Trustee. The Trustee represents, warrants and covenants to the Grantor and Beneficiary that: (a) The Trustee is a Qualified United States Financial Institution; (b) In the ordinary course of its business, the Trustee maintains securities accounts for others and is acting in that capacity in this Trust Agreement; (c) The Trust Account is and at all times shall be maintained at an office of the Trustee in the United States of America; (d) The Trustee is not an Affiliate of the Grantor or the Beneficiary.

Representations, Warranties and Covenants of the Trustee. The Trustee represents, warrants and covenants to the Grantor Grantor, the Beneficiary and Beneficiary the Direct Insurer that: (a) The Trustee is a Qualified United States Financial Institution; (b) In the ordinary course of its business, the Trustee maintains securities accounts for others and is acting in that capacity in this Trust Agreement; (c) The Trust Account is and at all times shall be maintained at an office of the Trustee in the United States of America; (d) The Trustee is not an Affiliate of the Grantor Grantor, the Beneficiary or the BeneficiaryDirect Insurer.