Designation of Authority
- The Borrower shall provide to the DSCA a written communication that evidences the authority for incumbents of specifically named offices or specifically named individuals to sign the loan documents on its behalf. As a minimum the communication will contain the following:
Director, Defense Security Cooperation Agency Dear Sir: The following officials of the Government of ____________ are duly authorized to execute and deliver documents as indicated below in connection with a loan agreement in the amount of ______________ between the Government of the United States and this Government: a. Loan Agreement: b. Promissory Note: c. Requests for Disbursement and Such Other Documents Sincerely, Copy to: |
- The designation of authority letter shall be signed by an appropriate person empowered under the laws of the Borrower to delegate to selected officials authority to sign debt obligations or the other documents as stated in the name of its Government. The Borrower shall submit a designation of authority letter to DSCA containing the names and signatures of newly designated officials whenever changes occur.