Common use of AUTHORIZED PERSONS; INSTRUCTIONS Clause in Contracts

AUTHORIZED PERSONS; INSTRUCTIONS. ‌ ▇. ▇▇ ▇▇▇▇▇▇ is Authorized to Act on Instructions. ▇▇ ▇▇▇▇▇▇ is authorized to act upon any instructions, oral or written or delivered electronically or by facsimile, central processing unit connection, on-line terminal, magnetic tape, Remote Clearance Instructions or Bulk Input Instructions, reasonably believed by ▇▇ ▇▇▇▇▇▇ to have been given by a person (including officers, directors, employees or Investment Advisors acting for you) whom ▇▇ ▇▇▇▇▇▇ reasonably believes has been authorized by you to give such instructions (each, an “Authorized Person”). ▇▇ ▇▇▇▇▇▇ shall not be liable for acting in accordance with any such instruction; ▇▇ ▇▇▇▇▇▇ has no duty to make any inquiry as to such Authorized Person’s actual authority. You are obligated to and will perform all your Obligations to, and Activities entered into with, ▇▇ ▇▇▇▇▇▇ based upon instructions from an Authorized Person.

AUTHORIZED PERSONS; INSTRUCTIONS. ‌ ▇. A. ▇▇ ▇▇▇▇▇▇ is Authorized to Act on Instructions. ▇▇ ▇▇▇▇▇▇ is authorized to act upon any instructions, oral or written or delivered electronically or by facsimile, central processing unit connection, on-line terminal, magnetic tape, Remote Clearance Instructions or Bulk Input Instructions, reasonably believed by ▇▇ ▇▇▇▇▇▇ to have been given by a person (including officers, directors, employees or Investment Advisors acting for you) whom ▇▇ ▇▇▇▇▇▇ reasonably believes has been authorized by you to give such instructions (each, an “Authorized Person”). ▇▇ ▇▇▇▇▇▇ shall not be liable for acting in accordance with any such instruction; ▇▇ ▇▇▇▇▇▇ has no duty to make any inquiry as to such Authorized Person’s actual authority. You are obligated to and will perform all your Obligations to, and Activities entered into with, ▇▇ ▇▇▇▇▇▇ based upon instructions from an Authorized Person.