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Res90 11396
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Res90 11396
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Last modified
12/2/2008 9:43:45 AM
Creation date
10/19/2005 3:06:28 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
9/24/1990
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<br />If Client does not furnish such information for any such Property, Bank shall carry the Property at <br />any such nominal value it detern1ines, such value to be for bookkeeping purposes only All <br />statement,> and reporting of any matters requiring this information will use this nominal value_ <br />Bank shall have no duty to verify the accuracy of the cost bases and dates of acquisition furnished <br />by Client. Property purchased in the Account shall be carried at cost. <br /> <br />11. Limited Power of Attomey.: Bank is hereby granted a limited power of attorney by <br />Client to execute on Client's behalf any declarations, endorsement'>, assignment'>, stock or bond <br />powers, affidavits, certificates of ownership or other documents required (1) to effect the sale, <br />transfer, or other disposition of Property held in the Account, (2) to obtain payment with respect <br />to Property held in the Account, or (3) to take any other action required with respect to the Prop- <br />erty held in the Account, and in the Bank's own name to guarantee as Client's signature any <br />signature so affixed. <br /> <br />12_ Indemnification. A<; additional consideration for the Bank's acceptance of this Account <br />and Agreement to act as "Agent", Client agrees to indemnify, and hold Bank, its officers, direc- <br />tors, employees and agents harmless from and against any and all losses, liabilities, demands, <br />claims, and expenses, attorney's fees and taxes (other than those based on Bank's net income) <br />arising out of or in connection with this Agreement, or out of any actions of Client or Client's <br />agents which are not caused by Bank's negligence or wilful misconduct. 111 is provision shall sur- <br />vive the termination of this Agreement and shall be binding upon each party's successors, <br />assigns, heirs and personal representatives. <br /> <br />13- Amendment and Termination of Ag!:eement. <br /> <br />13_1 Amendment. This Agreement may be amended only by a written agreement <br />executed by both Bank and Client. <br /> <br />13_2 Termination. This Agreement may be terminated at any time by written notice <br />from one party to the other. Such termination shall be effective immeqiately_ In addition, this <br />Account shall terminate upon notification to the Bank of Client's incapacity or Client's death_ <br />Upon termination, Bank shall have a reasonable amount of time to transfer the Property held in <br />the Account in accordance with the written instructions of Client or the person or entity legally <br />entitled to receive such property. Costs related to termination, including without limitation, cost'> <br />for shipping securities and other Property held in the Account and costs of re-registering <br />securities, generating reports and accounting for disposition of cash shall be charged to the <br />Account. <br /> <br />14_ Entire Agreement. 111is Agreement. and any Addendums, constitute the entire Agree- <br />ment between the parties. All previous agreements and instructions, whether written or oral, be- <br />tween the Bank and Client, are hereby superseded, except any direction to Bank prohibiting it to <br />disclose information to issuers of securities as provided in Section 5-3- <br /> <br />15- Sin~lar and Plural. If more than one person shall execute this Agreement, then where <br />the context permits, singular personal pronouns shall be deemed to be plural personal <br />pronouns_ <br /> <br />16. Governing law. This Agreement shall be governed by, and construed under, the laws of <br />the State of California, Oregon or Washington, wherever the Account is administered_ <br /> <br />17 _ Taxation of Account. <br /> <br />17_1 W-9 Certification. Client agrees to provide a completed W-9 or W-8 certification, <br />as appropriate, to Bank <br /> <br />TRS-I6014 (2-89) <br /> <br />Page 4 <br />
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