Common use of Client Authority Clause in Contracts

Client Authority. If this Agreement is entered into by a trustee or other fiduciary, including but not limited to someone meeting the definition of fiduciary under the Employee Retirement Income Security Act of 1974 (“ERISA”) of an employee benefit plan subject to ERISA (an “ERISA Plan”), such trustee or other fiduciary represents and warrants that Client’s participation in the Program is permitted by the relevant governing instrument of such plan, and that Client is duly authorized to enter into this Agreement. Client agrees to furnish IAR and LPL with such document as they shall reasonably request with respect to the foregoing. Client further agrees to advise LPL and IAR of any event which might affect this authority or the validity of the Agreement. If Client is an ERISA Plan, Client additionally represents and warrants that the person executing and delivering this Agreement on behalf of Client is a “named fiduciary” (as defined under ERISA) who has power under the ERISA Plan to appoint LPL and IAR to provide the services under this Agreement. If Client is an ERISA Plan, Client shall obtain and maintain during the term of this Agreement any bond required by ERISA or other applicable law with respect to fiduciaries and shall include LPL within the coverage of such bond. If Client is a corporation, the party executing this Agreement on behalf of Client represents that execution of this Agreement has been duly authorized by appropriate corporate action.

Client Authority. If this Agreement is entered into by a trustee or other fiduciary, including but not limited to someone meeting the definition of fiduciary under the Employee Retirement Income Security Act of 1974 (“ERISA”) of an employee benefit plan subject to ERISA (an “ERISA Plan”)ERISA, such trustee or other fiduciary represents and warrants that Client’s participation in the Program is permitted by the relevant governing instrument of such plan, and that Client is duly authorized to enter into this Agreement. Client agrees to furnish IAR and LPL with such document document, as they shall reasonably request with respect to the foregoing. Client further agrees to advise LPL and IAR of any event which that might affect this authority or the validity of the Agreement. If Client is an ERISA Plan, Client additionally represents and warrants that the person executing and delivering this Agreement on behalf of Client is a “named fiduciary” (as defined under ERISA) who has power under the ERISA Plan plan to appoint LPL and IAR to provide the services under this Agreementan investment adviser. If Client is an ERISA Plansubject to the provisions of ERISA, Client shall obtain and maintain during the term of this Agreement any bond required by ERISA or other applicable law with respect to fiduciaries and shall include LPL within the coverage of such bond. If Client is a corporation, the party executing this Agreement on behalf of Client represents that execution of this Agreement has been duly authorized by appropriate corporate action.

Client Authority. If this Agreement is entered into by a trustee or other fiduciary, including but not limited to someone meeting the definition of fiduciary under the Employee Retirement Income Security Act of 1974 (“ERISA”) of an employee benefit plan subject to ERISA (an “ERISA Plan”), such trustee or other fiduciary represents and warrants that Client’s participation in the Program is permitted by the relevant governing instrument of such plan, and that Client is duly authorized to enter into this Agreement. Client agrees to furnish IAR and LPL with such document document, as they shall reasonably request with respect to the foregoing. Client further agrees to advise LPL and IAR of any event which that might affect this authority or the validity of the Agreement. If Client is an ERISA Plan, Client additionally represents and warrants that the person executing and delivering this Agreement on behalf of Client is a “named fiduciary” (as defined under ERISA) who has power under the ERISA Plan to appoint LPL and IAR to provide the their respective services under this Agreement. If Client is an ERISA Plan, Client shall obtain and maintain during the term of this Agreement any bond required by ERISA or other applicable law with respect to fiduciaries and shall include LPL within the coverage of such bond. If Client is a corporation, the party executing this Agreement on behalf of Client represents that execution of this Agreement has been duly authorized by appropriate corporate action.

Client Authority. If this Agreement is entered into by a trustee or other fiduciary, including including, but not limited to someone meeting the definition of fiduciary "fiduciary" under the Employee Retirement Income Security Act of 1974 (“ERISA”) of an employee benefit plan subject to ERISA (an “ERISA Plan”)ERISA, such trustee or other fiduciary represents and warrants that Client’s 's participation in the Program Account is permitted by the relevant governing instrument of such plan, and that Client is duly authorized to enter into this Agreement. Client agrees to furnish IAR and LPL Cornerstone Wealth Partners, LLC with such document documents as they shall reasonably request with respect to the foregoing. Client further agrees to advise LPL and IAR Cornerstone Wealth Partners, LLC of any event which that might affect this authority or the validity of the Agreement. If Client is an ERISA Plan, Client additionally represents and warrants (i) that the governing instruments provide that an "investment adviser" as defined under ERISA may be appointed, and (ii) that the person executing and delivering this Agreement on behalf of Client is a “"named fiduciary” " (as defined under ERISA) who has the power under the ERISA Plan plan to appoint LPL and IAR to provide the services under this Agreement. If Client is an ERISA Plan, Client shall obtain and maintain during the term of this Agreement any bond required by ERISA or other applicable law with respect to fiduciaries and shall include LPL within the coverage of such bondinvestment manager. If Client is a corporation, the party executing this Agreement on behalf of Client represents that execution of this Agreement has been duly authorized by appropriate corporate action. The party executing this Agreement on behalf of Client represents that he/she is a named fiduciary with respect to the control or management of the assets of the account and shall name Cornerstone Wealth Partners, LLC and it’s agents among those insured under the bond required by Section 412 of ERISA.

Client Authority. If this Agreement is entered into by a trustee or other fiduciary, including but not limited to someone meeting the definition of fiduciary under the Employee Retirement Income Security Act of 1974 (“ERISA”) of an employee benefit plan subject to ERISA (an “ERISA Plan”), such trustee or other fiduciary represents and warrants that Client’s participation in the Program is permitted by the relevant governing instrument of such plan, and that Client is duly authorized to enter into this Agreement. Client agrees to furnish IAR and LPL with such document as they shall reasonably request with respect to the foregoing. Client further agrees to advise LPL and IAR of any event which might affect this authority or the validity of the Agreement. If Client is an ERISA Plan, Client additionally represents and warrants that the person executing and delivering this Agreement on behalf of Client is a “named fiduciary” (as defined under ERISA) who has power under the ERISA Plan to appoint LPL and IAR to provide the services under this Agreement. If Client is an of ERISA Plan, Client shall obtain and maintain during the term of this Agreement agreement any bond required by ERISA or other applicable law with respect to fiduciaries and shall include LPL within the coverage of such bond. If Client is a corporation, the party executing this Agreement on behalf of Client represents that execution of this Agreement has been duly authorized by appropriate corporate action.