Common use of Certificate of Authorized Persons Clause in Contracts

Certificate of Authorized Persons. Institution shall provide a certificate signed by two authorized officers of Institution, setting forth the name and specimen signature of each Authorized Person (the "Certificate"). Institution shall promptly notify Federated if any such present Authorized Person ceases to be an Authorized Person and shall send to Federated a new Certificate in similar form in the event that other or additional Authorized Persons are elected or appointed. Until Federated receives any such new Certificate, Federated may rely upon Instructions received from or reasonably believed to be received from the present Authorized Persons as set forth in the Certificate or in any subsequently issued Certificate.