Common use of TRUST BANK Clause in Contracts

TRUST BANK. 7.01 The Lender hereby appoints the Trust Bank to act as its agent and trustee in connection herewith, and authorise the Trust Bank to exercise such rights, power, authorities and discretion as are specially delegated to the Trust Bank by the terms hereof together with all such rights, powers, authorities and discretion as are reasonably incidental hereto, and the Trust Bank accepts such appointment pursuant to the terms thereof.

Appears in 5 contracts

Samples: Trust and Retention Account Agreement, Trust and Retention Account Agreement, Trust and Retention Account Agreement

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