Common use of Trustee warranties Clause in Contracts

Trustee warranties. If the Grantee enters into this Agreement as a trustee, the Grantee: a) is liable both personally and in its capacity as trustee; and b) represents and warrants that: i. it is the sole trustee of the trust; ii. it is not in breach of trust; iii. it has the right to be fully indemnified out of the trust assets for obligations incurred under this Agreement before the claims of beneficiaries; and iv. this Agreement is for the benefit of the trust.