Common use of Designation of Agent Clause in Contracts

Designation of Agent. Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing the Bank to purchase, sell, receive or deliver any Shares or other securities to or from Counterparty, the Bank may designate any of its affiliates to purchase, sell, receive or deliver such Shares or other securities and otherwise to perform Bank’s obligations in respect of this Transaction and any such designee may assume such obligations. The Bank shall be discharged of its obligations to Counterparty to the extent of any such performance.

Appears in 4 contracts

Samples: Interpublic Group of Companies, Inc., Interpublic Group of Companies, Inc., Interpublic Group of Companies, Inc.

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