Examples of Authorized Designee in a sentence
If there is more than one Holding Currency added to the Trust Fund, the Fund Board or Authorized Designee shall deliver a Written Instruction to the Trustee, in the manner and procedures agreed between the Fund Board and the Trustee, to instruct in which Holding Currency the Contribution shall be converted under this paragraph 4.
Without prejudice to the generality of the foregoing, and except as otherwise provided herein, the Trustee shall administer the funds, assets and receipts that constitute the Trust Fund only for the purpose of, and in accordance with, the terms of this Agreement and any relevant decisions of the Fund Board or Authorized Designee, duly and validly issued and received by the Trustee in writing.
The Fund Board shall consult closely with the Trustee in the development and consideration of decisions taken by the Fund Board or the Authorized Designee that relate in any way to the functions of the Trustee performed or to be performed under this Agreement.
The Trustee shall enter into financial agreements only at, and in accordance with, a Written Instruction provided by the Fund Board or Authorized Designee to the Trustee in a form and manner agreed between the Fund Board and the Trustee.
In the absence of such consultation and agreement of the Trustee, the Trustee shall not be required to implement any decision of the Fund Board or the Authorized Designee that the Trustee determines would modify or vary from the terms of this Agreement or change the scope or manner of activities being undertaken by the Trustee or otherwise adversely affects the Trustee in its provision of services under this Agreement.