Common use of AUTHORIZED PERSONS; INSTRUCTIONS Clause in Contracts

AUTHORIZED PERSONS; INSTRUCTIONS. Those officers or agents of a Client and the Manager and their respective affiliates who are authorized by that Client and/or the Manager to deliver written and/or oral instructions to Stone Coast on behalf of the Client with respect to the subject matter of this Agreement (“Authorized Persons”) shall include: (i) those persons listed on Schedule 2 hereto and (ii) any officer of the Client or the Manager. Authorized Persons may be authorized to deliver instructions relating to all or only some matters under this Agreement, provided that Stone Coast shall not be deemed to be notified of any limit on an Authorized Person’s authority unless notified in writing. The Client’s Governing Body may change the list of Authorized Persons at any time upon delivery of written Instructions to Stone Coast. Stone Coast shall not be held to have notice of any change of authority of any Authorized Person until receipt of written notice thereof is properly executed. As used in this Agreement, oral and written instructions include an instruction delivered in electronic format by machine readable input, CRT data entry or other similar means and transmitted to Stone Coast in person or by telephone, telecopy, vocal telegram or other electronic means (collectively, “Instructions”).