Common use of Depositaries Clause in Contracts

Depositaries. The Chief Financial Officer, the Treasurer and such other persons as may from time to time be designated by either such officer are authorized to designate depositaries for the funds of the Corporation deposited in its name or that of a division of the Corporation, or both, and the signatories with respect thereto in each case, and from time to time, to change such depositaries and signatories, with the same force and effect as if each such depositary and the signatories with respect thereto and changes therein had been specifically designated or authorized by the Board; and each depositary so designated shall be entitled to rely upon the certificate of the Secretary or any Assistant Secretary of the Corporation or of a division of the Corporation setting forth the fact of such designation and of the appointment of the officers of the Corporation or of the division or of both or of other persons who are to be signatories with respect to the withdrawal of funds deposited with such depositary, or from time to time the fact of any change in any depositary or in the signatories with respect thereto.

Appears in 4 contracts

Samples: Merger Agreement (Northeast Utilities System), Agreement and Plan of Merger (Consolidated Edison Inc), Merger Agreement (Consolidated Edison Inc)

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