Common use of Trust Provisions Clause in Contracts

Trust Provisions. 60.1 The following provisions of this clause 60 apply if the guarantor is trustee of a trust. 60.2 The guarantor acknowledges that this guarantee is binding on the guarantor personally and in the guarantor's capacity as trustee of the trust and that our right of recourse is not limited to the guarantor personally but extends to the assets of the trust. 60.3 The guarantor must cause any successor of the guarantor as trustee of the trust or any person who becomes a trustee of the trust jointly with the guarantor to execute all documents required by us to ensure that this guarantee is binding on the successor. 60.4 If we ask the guarantor to do so, the guarantor must exercise its rights of indemnity in relation to the trust fund and the guarantor's rights against the beneficiaries to cause payment of all money owed by the guarantor to us or otherwise hold those rights for us. 60.5 For the purposes of this clause 60:

Trust Provisions. 60.1 (1) The following provisions of this clause 60 45 apply if the guarantor Guarantor is trustee of a trustTrust. 60.2 (2) The guarantor Guarantor acknowledges that this guarantee Guarantee is binding on the guarantor Guarantor personally and in the guarantor's Guarantor’s capacity as trustee of the trust Trust and that our right of recourse is not limited to the guarantor Guarantor personally but extends to the assets of the trustTrust. 60.3 (3) The guarantor Guarantor must cause any successor of the guarantor Guarantor as trustee of the trust Trust or any person who becomes a trustee of the trust Trust jointly with the guarantor Guarantor to execute all documents required by us to ensure that this guarantee Guarantee is binding on the successor. 60.4 (4) If we ask the guarantor Guarantor to do so, the guarantor Guarantor must exercise its rights of indemnity in relation to the trust fund Trust Fund and the guarantor's Guarantor’s rights against the beneficiaries to cause payment of all money owed by the guarantor Guarantor to us or otherwise hold those rights for us. 60.5 (5) For the purposes of this clause 6045:

Trust Provisions. 60.1 (1) The following provisions of this clause 60 48 apply if the guarantor Guarantor is trustee of a trustTrust. 60.2 (2) The guarantor Guarantor acknowledges that this guarantee Guarantee is binding on the guarantor Guarantor personally and in the guarantorGuarantor's capacity as trustee of the trust Trust and that our right of recourse is not limited to the guarantor Guarantor personally but extends to the assets of the trustTrust. 60.3 (3) The guarantor Guarantor must cause any successor of the guarantor Guarantor as trustee of the trust Trust or any person who becomes a trustee of the trust Trust jointly with the guarantor Guarantor to execute all documents required by us to ensure that this guarantee Guarantee is binding on the successor. 60.4 (4) If we ask the guarantor Guarantor to do so, the guarantor Guarantor must exercise its rights of indemnity in relation to the trust fund Trust Fund and the guarantorGuarantor's rights against the beneficiaries to cause payment of all money owed by the guarantor Guarantor to us or otherwise hold those rights for us. 60.5 (5) For the purposes of this clause 6048: