Common use of Trustee Representations Clause in Contracts

Trustee Representations. In addition to the representations in Section 3, Party B represents to Party A (which representations will be deemed to be repeated at all times until termination of this Agreement) that: (i) its execution and delivery of this Agreement and of any document required or contemplated by this Agreement, and the performance by it of its obligations under this Agreement are authorised under the Master Trust Deed; (ii) it is the present and only trustee of the Securitisation Fund; (iii) subject to the Master Trust Deed and the law there is no restriction on its right of recourse or indemnity to or out of the assets for the time being of the Securitisation Fund and to the best of its knowledge and belief nothing has happened which could impair its right of indemnity out of the assets of the Securitisation Fund; (iv) its entry into this Agreement and each Transaction in relation to the Securitisation Fund is for the benefit of and in the interests of the beneficiaries of the Securitisation Fund; and (v) it is not in material breach of any provision of the Master Trust Deed nor has it committed any material breach of duty or trust in respect of the Securitisation Fund which has not been waived by Party A.

Trustee Representations. In addition to the representations in Section 3, Party B represents to Party A (which representations will be deemed to be repeated at all times until termination of this Agreement) that: (i) its execution and delivery of this Agreement Agreement, and of any document required or contemplated by this Agreement, and the performance by it of its obligations under this Agreement are authorised under the Master Trust Deed; (ii) it is the present and only trustee of the relevant Securitisation Fund; (iii) subject to the Master Trust Deed and the law there is no restriction on its right of recourse or indemnity to or out of the assets for the time being of the relevant Securitisation Fund and to the best of its knowledge and belief nothing has happened which could impair its right of indemnity out of the assets of the relevant Securitisation Fund; (iv) its entry into this Agreement and each Transaction in relation to the a relevant Securitisation Fund is for the benefit of and in the interests of the beneficiaries of the relevant Securitisation Fund; and; (v) it is not in material breach of any provision of the Master Trust Deed nor has it committed any material breach of duty or trust in respect of the relevant Securitisation Fund for which has not been waived by Party A.