Common use of Authority to Enter into this Agreement Clause in Contracts

Authority to Enter into this Agreement. If you are a trustee or other fiduciary, such trustee or fiduciary represents that the services provided under this Agreement and Application are permitted within the scope of the investments authorized pursuant to the plan, trust and/or applicable law and that the trustee or fiduciary is duly authorized to negotiate the terms of this Agreement and Application and to enter into this Agreement and Application. If you are a corporation, you are validly existing and are in good standing in the jurisdiction of your organization and the signatory on your behalf represents that the execution and delivery of this Agreement and Application have been duly authorized by appropriate corporate action. You will advise us of any event that might affect this authority or the propriety of this Agreement or Application.