Common use of Authorization and Action of Program Administrator Clause in Contracts

Authorization and Action of Program Administrator. Pursuant to its related Program Administration Agreement, each of Nieuw Amsterdam and Victory has appointed and authorized its related Program Administrator (or its respective designees) to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to its related Program Administrator by the terms hereof, together with such powers as are reasonably incidental thereto.

Authorization and Action of Program Administrator. Pursuant to its related Program Administration Agreement, each of Nieuw Amsterdam and Victory has appointed and authorized its related Program Administrator (or its respective designees) to take such action as agent on its behalf and to exercise such powers under this Agreement as are 753697831 delegated to its related Program Administrator by the terms hereof, together with such powers as are reasonably incidental thereto.