Common use of AUTHORIZED SIGNATORIES AND USERS Clause in Contracts

AUTHORIZED SIGNATORIES AND USERS. a) Unless the Depositor is a sole proprietor, the Depositor will provide the Financial Institution with i) a certified true copy of the Authorizing Resolution or Instructions Directing Account Operations in respect of the Depositor; ii) where the Account has been opened in respect of a joint venture, a certified true copy of the Instructions Directing Account Operations; and iii) a replacement certificate, or a replacement certified copy of such Authorizing Resolution or Instructions Directing Account Operations, as applicable, if the Authorized Signatories or the powers of authorized persons change. b) Where the Depositor is a sole proprietor, the Depositor may provide the Financial Institution with a certified true copy of an Authorizing Resolution if the Depositor wishes to appoint one or more Authorized Users, and if such Authorizing Resolution is provided, the Depositor will provide the Financial Institution with a replacement certificate or a replacement certified copy of such Authorizing Resolution if the Authorized Users change.

AUTHORIZED SIGNATORIES AND USERS. a) Unless the Depositor is a sole proprietor, the Depositor will provide the Financial Institution with with i) a certified true copy of the Authorizing Resolution or Instructions Directing Account Operations in respect of the Depositor;; and ii) where the Account has been opened in respect of a joint venture, a certified true copy of the Instructions Directing Account Operations; and iii) a replacement certificate, certificate or a replacement certified copy of such Authorizing Resolution or Instructions Directing Account Operations, as applicable, if the Authorized Signatories or the powers of authorized persons change. b) Where the Depositor is a sole proprietor, the Depositor may provide the Financial Institution with a certified true copy of an Authorizing Resolution if the Depositor wishes to appoint one or more Authorized Users, and if such Authorizing Resolution is provided, the Depositor will provide the Financial Institution with a replacement certificate or a replacement certified copy of such Authorizing Resolution if the Authorized Users change. c) The Financial Institution will be entitled to rely on the information contained in the last certified Authorizing Resolution and/or replacement certificate, as applicable, delivered under this section.