Common use of Directions from Company or Administrator Clause in Contracts

Directions from Company or Administrator. The Company shall from time to time designate the persons authorized to act on its behalf under the provisions of this Agreement. Such designation shall be made in a communication signed by the Vice President-Finance, the Secretary, or an Assistant Secretary of the Company and shall include the signature of the persons so designated. Whenever the Company or Administrator provides a direction to the Master Trustee, the Master Trustee shall not be liable for any loss, or by reason of any breach, arising from the direction if the direction is contained in a writing (or is oral and immediately confirmed in a writing) signed by any individual whose name and signature have been submitted (and not withdrawn) in writing to the Master Trustee by the Company, provided the Master Trustee reasonably believes the signature of the individual to be genuine. Such direction may also be made via electronic data transfer in accordance with procedures agreed to by the Company and the Master Trustee; provided, however, that the Master Trustee shall be fully protected in relying on such direction as if it were a direction made in writing by the Company. The Master Trustee shall have no responsibility to ascertain any direction's (i) accuracy, (ii) compliance with applicable law, or (iii) effect for tax purposes (other than tax withholding and reporting obligations assumed under this Agreement).