Common use of SALE, TRANSFER, ETC. OF SECURITIES Clause in Contracts

SALE, TRANSFER, ETC. OF SECURITIES. To the extent authorized by the Board of Directors, (subject to Section 4.06) the President and Chief Executive Officer (or, if the Chairman is then acting as chief executive officer of the Corporation, the Chairman) or any other officers designated by the Board of Directors may sell, transfer, endorse, and assign any shares of stock, bonds or other securities owned by or held in the name of the Corporation, and may make, execute and deliver in the name of the Corporation, under its corporate seal, any instruments that may be appropriate to effect any such sale, transfer, endorsement or assignment.

SALE, TRANSFER, ETC. OF SECURITIES. To the extent authorized by the Board of DirectorsDirectors or by the Chairman, (subject to Section 4.06) the President and Chief Executive Officer (or, if the Chairman is then acting as chief executive officer of the CorporationOfficer, the Chairman) Vice President & Chief Financial Officer, any other Vice President, the Secretary or the Treasurer or any other officers designated by the Board of Directors or the Chairman or the President and Chief Executive Officer may sell, transfer, endorse, endorse and assign any shares of stock, bonds or other securities owned by or held in the name of the Corporation, and may make, execute and deliver in the name of the Corporation, under its corporate seal, any instruments that may be appropriate to effect any such sale, transfer, endorsement or assignment.