Common use of HOW EXECUTED Clause in Contracts

HOW EXECUTED. The Board may authorize any officer(s) or agent(s) to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Corporation, and such authority may be general or confined to specific instances and if the Board so provides may be delegated by the person so authorized; and, unless so authorized by the Board or these Bylaws, no officer, agent or employee shall have any power or authority to bind the Corporation by any contract or engagement or to pledge its credit or to render it liable pecuniarily for any purpose or to any amount. In general, absent specific authorization of the Board of Directors, and then only for the specific purposes and time set forth by the Board, no Treasurer, Secretary, Assistant Secretary or Assistant Treasurer may enter into any contract or instrument on behalf of the Corporation without the signature of the President or the Senior Vice President; PROVIDED nothing herein shall prevent such officers from attesting the signatures of other officers duly authorized to execute documents.