Common use of Your Authority Clause in Contracts

Your Authority. We have the authority to follow the instructions received from any one of you (alone) relating to the Account. These instructions may include the delivery of securities or other property or the making of payments to any of the principals in the Account or to another party. You authorize us to follow the instructions even if the payments or delivery of securities are being made directly to one of the principals in the Account. It is not our responsibility to question the purpose or propriety of a delivery or payment. Provided we have acted correctly on the instructions we receive, we are not responsible for the outcome of the action. We reserve the right to restrict activity at any time in the Account or to require joint written instructions by all of you for any Account activity.

Your Authority. We You have the authority to follow the instructions received from any one of you (alone) us relating to the Joint Account. These instructions may include the delivery of securities or other property or the making of payments to any of the principals in the Account or to another party. You We authorize us you to follow the instructions even if the payments or delivery of securities are being made directly to one of the principals in the Account. It is not our your responsibility to question the purpose or propriety of a delivery or payment. Provided we you have acted correctly on the instructions we receive, we you received you are not responsible for the outcome of the action. We You reserve the right to restrict activity at any time in the Account or to require joint written instructions by all of you us for any Account account activity.

Your Authority. We have the authority to follow the instructions received from any one of you (alone) your Portfolio Manager relating to the Account. These instructions may include the delivery of securities or other property or the making of payments to any of the principals in the Account or to another party. You authorize us to follow the instructions even if the payments or delivery of securities are being made directly to one of the principals in the Account. It is not our responsibility to question the purpose or propriety of a delivery or payment. Provided we have acted correctly on the instructions we receive, we are not responsible for the outcome of the action. We reserve the right to restrict activity at any time in the Account or to require joint written instructions by all of you for any Account activity.