Common use of Agent Designation Clause in Contracts

Agent Designation. You may select a third-party agent (“Agent”) not else considered an Authorized Signer or Authorized Representative under this Agreement, to act in Your behalf in connection with Transfers, or otherwise facilitate the same. Unless the Agent is another financial institution which is a party together with the Bank, to a standing agreement governing Transfers, before the Agent first acts on Your behalf: (a) You must notify the Bank of such appointment in writing, and