Common use of Designation of Agents Clause in Contracts

Designation of Agents. Except as otherwise expressly provided in this Trust Agreement, any statement, certificate, notice, request, consent, approval, or other instrument to be delivered or furnished by the Grantor or the Beneficiary shall be sufficiently executed if executed in the name of the Grantor or the Beneficiary by such officer or officers of Grantor or Beneficiary or by such other agent or agents of the Grantor or the Beneficiary as may be designated in a resolution of the Board of Directors of the Grantor or the Beneficiary or Committee thereof or a letter of advice issued by the President, Secretary or Treasurer of the Grantor or the Beneficiary, as applicable. Written notice of such designation by the Grantor or the Beneficiary shall be filed with the Trustee. The Trustee shall be protected in acting upon any written statement or other instrument made by such officers or agents of the Grantor or the Beneficiary with respect to the authority conferred on it.

Appears in 3 contracts

Samples: Master Transaction Agreement (American International Group Inc), Loss Portfolio Transfer Reinsurance Agreement (Cna Financial Corp), Master Transaction Agreement (Cna Financial Corp)

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Designation of Agents. Except as otherwise expressly provided in this Trust Agreement, any statement, certificate, notice, request, consent, approval, or other instrument to be delivered or furnished by the Grantor or the Beneficiary Beneficiaries shall be sufficiently executed if executed in the name of the Grantor or the Beneficiary Beneficiaries by such officer or officers of Grantor or Beneficiary Beneficiaries or by such other agent or agents of the Grantor or the Beneficiary Beneficiaries as may be designated in a resolution of the Board of Directors of the Grantor or the Beneficiary Beneficiaries or Committee thereof or a letter of advice issued by the President, Secretary or Treasurer of the Grantor or the BeneficiaryBeneficiaries, as applicable. Written notice of such designation by the Grantor or the Beneficiary Beneficiaries shall be filed with the Trustee. The Trustee shall be protected in acting upon any written statement or other instrument made by such officers or agents of the Grantor or the Beneficiary Beneficiaries with respect to the authority conferred on it.

Appears in 2 contracts

Samples: Trust Agreement (Cna Financial Corp), Master Transaction Agreement (Cna Financial Corp)

Designation of Agents. Except as otherwise expressly provided in this Trust Agreement, any statement, certificate, notice, request, consent, approval, or other instrument to be delivered or furnished by the Grantor or the Beneficiary shall be sufficiently executed if executed in the name of the Grantor or the Beneficiary by such officer or officers of the Grantor or the Beneficiary or by such other agent or agents of the Grantor or the Beneficiary as may be designated in a resolution of the Board of Directors of the Grantor or the Beneficiary or Committee thereof or a letter of advice issued by the President, Secretary or Treasurer of the Grantor or the Beneficiary, as applicable. Written notice of such designation by the Grantor or the Beneficiary shall be filed with the Trustee. The Trustee shall be protected in acting upon any written statement or other instrument made by such officers or agents of the Grantor or the Beneficiary with respect to the authority conferred on it.

Appears in 2 contracts

Samples: Aggregate Excess of Loss Reinsurance Agreement (Hartford Financial Services Group Inc/De), Master Transaction Agreement (Cigna Corp)

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Designation of Agents. Except as otherwise expressly provided in this Trust Agreement, any statement, certificate, notice, request, consent, approval, or other instrument to be delivered or furnished by the Grantor or the and/or Beneficiary shall be sufficiently executed if executed in the name of the Grantor or the and/or Beneficiary by such officer or officers of Grantor or and/or Beneficiary or by such other agent or agents of the Grantor or the and/or Beneficiary as may be designated in a resolution of the Board of Directors of the Grantor or the Beneficiary or Committee thereof or a letter of advice issued by the PresidentGrantor and/or Beneficiary (each such person, Secretary or Treasurer of the Grantor or the Beneficiary, as applicablean "Authorized Representative"). Written notice of such designation by the Grantor or the and/or Beneficiary shall be filed with the Trustee. The Trustee shall be protected in acting upon any written statement or other instrument made by such officers officer or agents agent of the Grantor or the and/or Beneficiary with respect to the authority conferred on ithim. However, in no instance may the Grantor, his agents or officers represent the interests of the Beneficiary.

Appears in 1 contract

Samples: Trust Agreement (Xl Capital LTD)

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