Common use of Authorized Parties Clause in Contracts

Authorized Parties. The Company shall cause each investment manager appointed in accordance with Section 8.1 to furnish the Trustee with a written list of the names and signatures of the person or persons who are authorized to represent the investment manager. The individuals whose names appear on the lists provided pursuant to Sections 14.1, 14.3 and 14.4 above, and those individuals otherwise identified pursuant to Sections 14.1 and 14.2 above, shall all be Authorized Parties. The Trustee and Recordkeeper shall be entitled to rely on, and shall be fully protected in acting upon, direction from an Authorized Party, within the authority of such Authorized Party, until notified in writing by the Company, the Committee or investment manager, as appropriate, of a change in the identity or authority of such Authorized Party.

Appears in 4 contracts

Samples: Trust Agreement (Sunoco Inc), Trust Agreement (Sunoco Inc), Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

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