Common use of AUTHORIZED PERSONS; INSTRUCTIONS Clause in Contracts

AUTHORIZED PERSONS; INSTRUCTIONS. (a) XX Xxxxxx is Authorized to Act on Instructions. XX Xxxxxx is authorized to act upon any instructions relating to your Account reasonably believed by XX Xxxxxx to have been given by a person (including officers, directors, employees or Investment Advisors acting for you) whom XX Xxxxxx reasonably believes has been authorized by you to give such instructions (each, an “Authorized Person”). XX Xxxxxx shall not be liable for acting in accordance with any such instruction; XX Xxxxxx has no duty to make any inquiry as to such Authorized Person’s actual authority. You are obligated to and will perform all your Obligations to, and Activities entered into with, XX Xxxxxx based upon instructions from an Authorized Person.