Common use of Authorized Parties Clause in Contracts

Authorized Parties. The Clients shall furnish the Custodian with a written list of the names and signatures of all persons authorized to direct the Custodian on behalf of the Clients under the terms of this Agreement. In addition, each Client may appoint and remove one or more investment managers ("Investment Manager") for such portion of the appropriate Accounts as the Client shall designate to the Custodian in writing. The Investment Manager(s) shall furnish the Custodian with a written list of the names and signatures of the person or persons who are authorized to represent the Investment Manager in dealings with the Custodian. The Custodian shall be entitled to deal with any person or entity so identified by the Client or Investment Manager ("Authorized Party or Authorized Parties") until notified otherwise in writing. The Custodian shall be under no duty to question any direction of an Authorized Party with respect to the portion of the Account(s) over which such Authorized Party has authority, to review any Property held in the Account(s), to make any suggestions with respect to the investment and reinvestment of the assets in the Account(s), or to evaluate or question the performance of any Authorized Party. The Custodian shall not be responsible or liable for any diminution of value of any securities or other property held by the Custodian (or its subcustodians).

Authorized Parties. The Clients Client shall furnish the Custodian with a written list of the names and signatures of all persons authorized to direct the Custodian on behalf of the Clients Client under the terms of this Agreement. In addition, each the Client may appoint and remove one or more investment managers ("Investment Manager") for such portion of the appropriate Accounts Account as the Client shall designate to the Custodian in writing. The Investment Manager(s) Manager shall furnish the Custodian with a written list of the names and signatures of the person or persons who are authorized to represent the Investment Manager in dealings with the Custodian. The Custodian shall be entitled to deal with any person or entity so identified by the Client or Investment Manager ("Authorized Party or Authorized Parties") until notified otherwise in writing. The Custodian shall be under no duty to question any direction of an Authorized Party with respect to the portion of the Account(s) Account over which such Authorized Party has authority, to review any Property held in the Account(s)Account, to make any suggestions with respect to the investment and reinvestment of the assets in the Account(s)Account, or to evaluate or question the performance of any Authorized Party. The Custodian shall not be responsible or liable for any diminution of value of any securities or other property held by the Custodian (or its subcustodians).