Common use of Client Authority Clause in Contracts

Client Authority. IF CLIENT IS AN INDIVIDUAL, CLIENT REPRESENTS THAT HE OR SHE IS OF LEGAL AGE. IF CLIENT IS A CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY OR OTHER TYPE OF ENTITY, THE PERSON SIGNING THIS AGREEMENT FOR THE CLIENT REPRESENTS THAT HE OR SHE HAS BEEN AUTHORIZED TO DO SO BY APPROPRIATE ENTITY ACTION. IF THIS AGREEMENT IS ENTERED INTO BY A TRUSTEE OR OTHER FIDUCIARY, THE TRUSTEE OR FIDUCIARY REPRESENTS THAT HFA’S INVESTMENT MANAGEMENT STRATEGIES, ALLOCATION PROCEDURES, AND INVESTMENT MANAGEMENT SERVICES ARE AUTHORIZED UNDER THE APPLICABLE PLAN, TRUST, OR LAW AND THAT THE PERSON SIGNING THIS AGREEMENT HAS THE AUTHORITY TO NEGOTIATE AND ENTER INTO THIS AGREEMENT. CLIENT WILL INFORM HFA OF ANY EVENT THAT MIGHT AFFECT THIS AUTHORITY OR THE PROPRIETY OF THIS AGREEMENT.

Appears in 6 contracts

Sources: Discretionary Investment Management Agreement, Discretionary Investment Management Agreement, Discretionary Investment Management Agreement