Common use of Authority for Transactions Clause in Contracts

Authority for Transactions. Each Party represents to the other Party that each of its employees has authority to enter into Transactions pursuant to this Agreement on its behalf. Identification and authority of a Party's employee engaging in a recorded telephonic Transaction shall be conclusively established for all purposes by a statement on the Transaction Tape by the employee of the employee's name; provided, failure to state the employee name shall not evidence any lack of authority of the employee to effectuate and form a Transaction.

Authority for Transactions. Each Party represents to the other Party that each of its employees has authority to enter into Transactions pursuant to this Agreement on its behalf. Identification and authority of a Party's employee engaging in a recorded telephonic Transaction shall be conclusively established for all purposes by a statement on the Transaction Tape by the employee of the employee's name; provided, failure to state the employee name shall not evidence any lack of authority of the employee to effectuate and form a TransactionTransaction if such employee can otherwise be positively identifed on the relevant employing Party’s Transaction Tape.

Authority for Transactions. Each Party represents to the other Party that each of -------------------------- its employees has authority to enter into Transactions pursuant to this Agreement on its behalf. Identification and authority of a Party's employee engaging in a recorded telephonic Transaction shall be conclusively established for all purposes by a statement on the Transaction Tape by the employee of the employee's namename and the Party's Identification Code; provided, failure to state either the employee name or the Identification Code shall not evidence any lack of authority of the employee to effectuate and form a Transaction.