Common use of Apparent Authority Clause in Contracts

Apparent Authority. Company stipulates that any action that PS takes hereunder is pursuant to apparent authority of Company, its agents, assigns, officers, directors, employees. In the event that Company’s agent assigns, officers, directors, employees does not have the authority to the debit or credit process by PS, Company hereby holds PS harmless from such actions and agrees to indemnify pursuant to this Agreement PS for such action. Company stipulates and agrees that Company and PS is liable for such action.