Common use of Execution of Documents and Instruments Clause in Contracts

Execution of Documents and Instruments. ‌ (a) All agreements and other documents to be executed by the Board after being approved by the Board by resolution must be signed by the Chair and another Trustee, or by such other persons as the Board may direct. (b) All cheques payable out of the Trust Fund, or other instruments that have the effect of withdrawing money from the Trust Fund, must be signed by two Trustees, provided that such Trustees, or such Trustee and Administrative Agent, have first been duly authorized by the Board. (c) The Board may, by resolution, adopt a policy for the execution of agreements, documents and cheques that differs from the foregoing, and such policy supersedes the terms of this Section 4.11.