Transactions Deemed Authorized Sample Clauses

Transactions Deemed Authorized. In the absence of contrary instructions and so long as the Registrar is prepared to provide the registry services enumerated below, the Registrar is authorized by the Issuer to carry out the following transactions at the Issuer’s expense and at the Registrar’s discretion relating to the CPs without requiring further instructions from the Issuer: 2.15.1 Complete and sign any affidavits, certificates of ownership, or other certificates relating to the CPs in connection with the Registrar’s duties under this Agreement which may be required by the tax or any other regulatory authority; 2.15.2 Make cash disbursements or payments for any fees, taxes, duties, levies, expenses, and/or any payments incurred in connection with the Registrar’s duties under this Agreement; 2.15.3 With written notice to the Issuer, use any reputable and competent party (including clearing systems, depositories, sub-custodians, outsourcing, or overseas data processing agents, and any member of the PDS Group) to perform and/or to assist or advise the Registrar in performing any of its services and duties under this Agreement. The Registrar may delegate to any such party any of its services or duties under this Agreement, provided, that the Registrar shall use reasonable care to ensure that it uses only reputedly competent parties, and provided, further, that the Registrar shall be responsible for the actions of any such party used by the Registrar; The requirement of a prior written notice herein shall not apply when the use of any reputable and competent party is in compliance with regulatory requirements in connection with this Agreement; and 2.15.4 Do all such acts as the Registrar may consider to be necessary or desirable for the above or in order to perform its duties under this Agreement (including any conversion of currency at the prevailing rate as reasonably determined by the Registrar where such conversion is necessary).