Common use of Accounts for Which Agent Holds Power of Attorney Clause in Contracts

Accounts for Which Agent Holds Power of Attorney. Upon the opening of any Account for which an agent holds a power of attorney on behalf of a principal, Introducing Firm shall provide Clearing Agent with the name of each principal for whom such agent is acting and with written evidence of the agent’s authority to act on the principal’s behalf. Introducing Firm hereby warrants that any orders or instructions of such agent which are transmitted to Clearing Agent pursuant to this Agreement shall have been fully and properly authorized and that the execution of such instructions or orders shall not violate the Rules.

Accounts for Which Agent Holds Power of Attorney. Upon the opening of any Account for which an agent holds a power of attorney on behalf of a principal, Introducing Firm Correspondent shall provide Clearing Agent Broker with the name of each principal for whom such agent is acting and with written evidence of the agent’s 's authority to act on the principal’s 's behalf. Introducing Firm Correspondent hereby warrants that any orders or instructions of such agent which are transmitted to Clearing Agent Broker pursuant to this Agreement shall have been fully and properly authorized and that the execution of such instructions or orders shall not violate the Laws and Rules.