Common use of The Duties of the Trustees Clause in Contracts

The Duties of the Trustees. The Trustees agree on demand to provide to the Administrator such information, records and financial statements as it reasonably considers necessary in order to ensure that the Administrator complies with all applicable legislation and perform its duties to the standard imposed by all applicable legislation. Save as agreed in writing the Administrator is not responsible for advising in respect of tax and legal matters in all relevant jurisdictions with regard to the establishment and administration of the Trust nor for ensuring that the actions, inactions or decisions of the Trustees will not breach the laws of any relevant jurisdiction and the Administrator does not accept any liability or responsibility for the success or otherwise of any plans undertaken by or on behalf of the Trustee and the Administrator does not offer any form of assurance that arrangements suggested or implemented attain or will attain the objectives and advantages intended. In order to enable the Administrator to meet its legal and regulatory obligations in respect of the administration of the Trust, the Trustees agree to keep the Administrator fully and promptly informed of the Trustees’ dealings with any Related Party. The Trustees undertake forthwith to inform the Administrator of any other matters that might affect the Trust and/or the Administrator’s willingness to provide, or continue to provide, any of the Services or any matter that is material to the administration or affairs of the Trust.