Common use of Trusts Clause in Contracts

Trusts. If you enter into the loan or facility as a trustee, you agree that you are liable under the loan or facility both personally and as trustee of the trust. You are also assuring ANZ that: • the loan or facility is for a proper purpose under the trust; • you have the power and authority under the trust to enter into the contract; and • you have the right to be indemnified fully out of the trust property, before the beneficiaries of the trust, for all liabilities you incur under the loan or facility.