Common use of Authority of the Bank Clause in Contracts

Authority of the Bank. The Bank and any Authorized Entity are each authorized to accept and open on the Company's behalf all mail or communications received by it or directed in its care. The Bank may make, execute and deliver for, on behalf of and in the name of the Company, any declarations, affidavits or certificates of ownership which the Bank, in its discretion, deems necessary, appropriate or desirable to perform its obligations pursuant to this Agreement.

Authority of the Bank. The Bank and any Authorized Entity are --------------------- each authorized directed to accept and open on the CompanyCustomer's behalf all mail or communications received by it or directed in its care. The Bank or an Authorized Entity may make, execute and deliver for, on behalf of and in the its name as nominee of the CompanyCustomer, any declarations, affidavits or certificates of ownership which are necessary or appropriate to perform the Bank, in its discretion, deems necessary, appropriate or desirable to perform its 's obligations pursuant to this Agreement.