Common use of Authorized Parties Clause in Contracts

Authorized Parties. The Client shall furnish the Custodian with a written list of the names and signatures of all persons authorized to direct the Custodian on behalf of the Client under the terms of this Agreement. In addition, the Client may appoint and remove one or more investment managers (each, an "Investment Manager") for such portion of the Account as the Client shall designate to the Custodian in writing. Client shall furnish the Custodian with a written list of the names and signatures of the person or persons who are authorized to represent the Investment Manager in dealings with the Custodian. The Custodian shall be entitled to deal with any person or entity so identified by the Client (each an "Authorized Party" and collectively, the "Authorized Parties") until notified otherwise in writing or orally. Client shall confirm any oral revocation of the authority of any Authorized Party promptly in writing; however, any such oral revocation shall take effect immediately. The Custodian shall be under no duty to make any suggestions with respect to the investment and reinvestment of the assets in the Account, or to evaluate or question the performance of any Authorized Party. The Custodian shall not be responsible or liable for any diminution of value of any securities or other property held by the Custodian or any sub-custodian employed by it in accordance with this Agreement, provided such diminution is not the direct or indirect result of any act or omission of the Custodian or any such sub-custodian or their respective agents that involves a breach of the standard of care under this Agreement.

Authorized Parties. The Client shall furnish the Custodian with a written list of the names and signatures of all persons authorized to direct the Custodian on behalf of the Client under the terms of this Agreement. In addition, the Client may appoint and remove one or more investment managers (each, an "Investment Manager") for such portion of the Account as the Client shall designate to the Custodian in writing. Client shall furnish the Custodian with a written list of the names and signatures of the person or persons who are authorized to represent the Investment Manager in dealings with the Custodian. The Custodian shall be entitled to deal with any person or entity so identified by the Client (each an "Authorized Party" and collectively, the "Authorized Parties") until notified otherwise in writing or orally. Client shall confirm any oral revocation of the authority of any Authorized Party promptly in writing; however, any such oral revocation shall take effect immediately. The Custodian shall be under no duty to question any Authorized Instruction (defined below) of an Authorized Party with respect to the portion of the Account over which such Authorized Party has authority unless the Custodian is aware of or, in the exercise of reasonable care, should be aware of facts or circumstances that would cause a person of average intelligence, acting reasonably, to question such Authorized Instruction or part thereof, to review any property held in the Account, to make any suggestions with respect to the investment and reinvestment of the assets in the Account, or to evaluate or question the performance of any Authorized Party. The Custodian shall not be responsible or liable for any diminution of value of any securities or other property held by the Custodian or any sub-custodian employed by it in accordance with this Agreement, provided such diminution is not the direct or indirect result of any act or omission of the Custodian or any such sub-custodian or their respective agents that involves a breach of the standard of care under this Agreementagents.

Authorized Parties. The Client shall furnish the Custodian with a written ------------------ list of the names and signatures of all persons authorized to direct the Custodian on behalf of the Client under the terms of this Agreement. In addition, the Client may appoint and remove one or more investment managers (each, an "Investment Manager") for such portion of the Account as the Client shall designate to the Custodian in writing. Client shall furnish the Custodian with a written list of the names and signatures of the person or persons who are authorized to represent the Investment Manager in dealings with the Custodian. The Custodian shall be entitled to deal with any person or entity so identified by the Client (each an "Authorized Party" and collectively, the "Authorized Parties") until notified otherwise in writing or orally. Client shall confirm any oral revocation of the authority of any Authorized Party promptly in writing; however, any such oral revocation shall take effect immediately. The Custodian shall be under no duty to make any suggestions with respect to the investment and reinvestment of the assets in the Account, or to evaluate or question the performance of any Authorized Party. The Custodian shall not be responsible or liable for any diminution of value of any securities or other property held by the Custodian or any sub-custodian employed by it in accordance with this Agreement, provided such diminution is not the direct or indirect result of any act or omission of the Custodian or any such sub-custodian or their respective agents that involves a breach of the standard of care under this Agreement.

Authorized Parties. The Client shall furnish the Custodian with a written ------------------ list of the names and signatures of all persons authorized to direct the Custodian on behalf of the Client under the terms of this Agreement. In addition, the Client may appoint and remove one or more investment managers (each, an "Investment Manager") for such portion of the Account as the Client shall designate to the Custodian in writing. Client shall furnish the Custodian with a written list of the names and signatures of the person or persons who are authorized to represent the Investment Manager in dealings with the Custodian. The Custodian shall be entitled to deal with any person or entity so identified by the Client (each an "Authorized Party" and collectively, the "Authorized Parties") until notified otherwise in writing or orally. Client shall confirm any oral revocation of the authority of any Authorized Party promptly in writing; however, any such oral revocation shall take effect immediately. The Custodian shall be under no duty to question any Authorized Instruction (defined below) of an Authorized Party with respect to the portion of the Account over which such Authorized Party has authority unless the Custodian is aware of or, in the exercise of reasonable care, should be aware of facts or circumstances that would cause a person of average intelligence, acting reasonably, to question such Authorized Instruction or part thereof, to review any property held in the Account, to make any suggestions with respect to the investment and reinvestment of the assets in the Account, or to evaluate or question the performance of any Authorized Party. The Custodian shall not be responsible or liable for any diminution of value of any securities or other property held by the Custodian or any sub-custodian employed by it in accordance with this Agreement, provided such diminution is not the direct or indirect result of any act or omission of the Custodian or any such sub-sub- custodian or their respective agents that involves a breach of the standard of care under this Agreementagents.