Trustor Covenants Clause Samples
The "Trustor Covenants" clause sets out the specific promises and obligations that the trustor (the party granting property or rights into a trust) must uphold under the agreement. These covenants typically include requirements such as maintaining the property in good condition, paying taxes and insurance, and not committing actions that would impair the value or enforceability of the trust. By clearly outlining these duties, the clause ensures that the trustor's actions do not jeopardize the interests of the beneficiary or the trustee, thereby protecting the trust's assets and maintaining the integrity of the trust arrangement.
Trustor Covenants. Trustor covenants and agrees that throughout the term of the Loan:
Trustor Covenants.
3. 1Use. Trustor shall use the Trust Estate solely for the operation of a Permitted Concept in accordance with the Franchise Agreement and Management Agreement and for no other purpose. Trustor shall not, without ▇▇▇▇▇▇’s prior written consent, (a) initiate or acquiesce in a change in the zoning classification; or (b) grant, amend, modify or consent to any easement or covenants, conditions and restrictions pertaining to the Trust Estate.
Trustor Covenants. 7 2.1 DUE AUTHORIZATION, EXECUTION, AND DELIVERY.................................................... 7 2.2 PERFORMANCE BY TRUSTOR........................................................................ 7
Trustor Covenants. Trustor will observe and perform all of the covenants and agreements of the Trustor Covenants, as more specifically contained herein.
Trustor Covenants