Common use of Trust Representations and Warranties Clause in Contracts

Trust Representations and Warranties. Trust hereby represents, warrants and acknowledges to State Street: 1) That it is a business trust duly organized and existing and in good standing under the laws of its state of organization, and that it is registered under the 1940 Act; and 2) That it has the requisite power and authority under the Declaration of Trust, By-Laws or other governing documents of Trust (“governing documents”), and applicable law to enter into this Agreement; it has taken all requisite action necessary to appoint State Street as investment accounting and recordkeeping agent; this Agreement has been duly executed and delivered by Trust; and this Agreement constitutes a legal, valid and binding obligation of Trust, enforceable in accordance with its terms.