Authority to Act Under the State Center Agreement and the Deposit Account Control Agreement Sample Clauses

Authority to Act Under the State Center Agreement and the Deposit Account Control Agreement. The Executive Board shall select one of its member states to serve as its Authorized Representative State (“Authorized Representative State”) to enter agreements with the State Center (the “State Center Agreement”) and the State Center’s Financial Institution (the Deposit Account Control Agreement or “Control Agreement”). The Parties agree that they will act with regard to the State Center Agreement and the Control Agreement only pursuant to the direction of the Executive Board and subject to the terms of this Governing Agreement.
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Related to Authority to Act Under the State Center Agreement and the Deposit Account Control Agreement

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