Common use of Trust Clients Clause in Contracts

Trust Clients. A. In the event that a Trust is the client, the Trustee(s) agree, represent and warrant as follows: (1) the Trust is in full force and effect and has not been revoked, modified, or amended in any manner; (2) to promptly notify Forum in writing of any changes that would cause any Trustee representations to Forum to be inaccurate and of any changes to the Trustee(s) status; and (3) agrees that Forum, its agents and employees may rely on information provided by Trustee unless Forum receives written contrary information. B. The Trustee’s powers include the power: (1) to establish an advisory account for Trust assets (“Advisory Trust Account”) to direct the purchase, sale and pledging of securities and other property of the Trust which may be held in the Advisory Trust Account; (2) to hire, retain and compensate an investment adviser, including a discretionary investment manager, with the authority to purchase and sell securities and other investments for the Trust; and (3) to enter into and execute any agreements and documents related to the establishment of an Advisory Trust Account, transactions in securities and other property, making additions to or withdrawals from the Advisory Trust Account, authorizing and executing transfers of trust assets to third parties or directly to the Trustee , and the retention of an investment adviser. Additionally, unless specified in writing and provided to Forum, the Trustee may individually act on behalf of the Trust and there are no investment restrictions by the Trust. C. The Trust and the Trustee, jointly and severally in their individual and Trustee capacity, indemnify Forum, Forum’s partners, officers, employees and agents and agents and hold such persons harmless against any and all claims, judgments, settlements and other liabilities and damages (including attorneys’ fees) arising out of or related to any alleged or actual improper or other action taken upon the Trustee’s instructions or upon the instructions of the Trustee’s other advisors or legal counsel.

Trust Clients. A. a. In the event that a Trust is the client, the Trustee(s) agree, represent and warrant as follows: (1) the Trust is in full force and effect and has not been revoked, modified, or amended in any manner; (2) to promptly notify Forum in writing of any changes that would cause any Trustee representations to Forum to be inaccurate and of any changes to the Trustee(s) status; and (3) agrees that Forum, its agents and employees may rely on information provided by Trustee unless Forum receives written contrary information. B. b. The Trustee’s powers include the power: (1) to establish an advisory account for Trust assets (“Advisory Trust Account”) to direct the purchase, sale and pledging of securities and other property of the Trust which may be held in the Advisory Trust Account; (2) to hire, retain and compensate an investment adviser, including a discretionary investment manager, with the authority to purchase and sell securities and other investments for the Trust; and (3) to enter into and execute any agreements and documents related to the establishment of an Advisory Trust Account, transactions in securities and other property, making additions to or withdrawals from the Advisory Trust Account, authorizing and executing transfers of trust assets to third parties or directly to the Trustee , and the retention of an investment adviser. Additionally, unless specified in writing and provided to Forum, the Trustee may individually act on behalf of the Trust and there are no investment restrictions by the Trust. C. c. The Trust and the Trustee, jointly and severally in their individual and Trustee capacity, indemnify Forum, Forum’s partners, officers, employees and agents and agents and hold such persons harmless against any and all claims, judgments, settlements and other liabilities and damages (including attorneys’ fees) arising out of or related to any alleged or actual improper or other action taken upon the Trustee’s instructions or upon the instructions of the Trustee’s other advisors or legal counsel.