Trust Agreement Template Page 2

6. Ownership of collateral. Assignor represents and warrants that assignor has full power and authority to make

the assignment provided for here and that assignor is the owner of _____% of the beneficial interest under the trust

agreement, free and clear from any lien or encumbrance.

7. Interpretation. In the event that this assignment is executed by more than one assignor, the word assignor shall

be deemed to include all or any of them, and all of the undertakings contained here shall be the joint and several

obligations of assignors and each of them.

Executed on _________[date].

[Signature]

Acceptance

_________[Bank] acknowledges receipt of the above assignment on _________[date], and accepts the same.

[Authorized signature]

Trustee's Endorsement

_________, as trustee under that certain trust agreement dated _________, and known as _________,

acknowledges receipt of the above assignment on _________[date], and accepts the same.

[Authorized signature]

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Parent category: Business