Instructions and Authorised Persons Clause Samples
The "Instructions and Authorised Persons" clause defines who within each party is permitted to give or receive official instructions under the agreement. It typically specifies the process for designating authorised individuals, such as requiring written notice of their names and roles, and may outline how changes to these authorisations should be communicated. This clause ensures that only recognised representatives can make binding decisions or requests, thereby reducing the risk of miscommunication and unauthorised actions.
Instructions and Authorised Persons. AUTHORISED A. As used in this Agreement: PERSONS AND INSTRUCTIONS
(i) the term "AUTHORISED PERSONS" means the individuals designated in Exhibit A by the Fund, or the individuals designated by the fund managers or advisers (the "INVESTMENT MANAGERS") using a mandate acceptable to Chase to act on behalf of the Fund. The Fund confirms that the Investment Manager may designate individuals to act on behalf of the Fund for any Fund under this Agreement as if such individuals had been designated by the Fund. Chase shall continue to treat as Authorised Persons persons designated as such in accordance with this clause until such time as Chase receives Instructions from the Fund that any such individual is no longer an Authorised Person. The Fund confirms that, unless specified otherwise in Exhibit A or the mandate from the Investment Manager, each Authorised Person shall be authorised to give any Instructions (as defined in paragraph (ii) below) in relation to all Securities and Cash Accounts and in relation to foreign exchange transactions and shall be authorised to give Instructions notwithstanding that they may result in an overdraft on any Cash Account. The Investment Manager shall provide the Fund with such information regarding the Authorised Persons designated by the Investment Manager, in accordance with this clause, as the Fund may reasonably require upon request; and
Instructions and Authorised Persons