AGENT AUTHORITIES AND POWER Sample Clauses

AGENT AUTHORITIES AND POWER a) To direct, oversee, manage, operate, maintain and repair the Property and develop, institute and follow programs and policies to facilitate the operation of the Property, in accordance with Owner’s directives; b) To bill tenants for rents in the name of Agent, to collect all rents due or to become due from the Property; to give receipts therefor; to endorse Owner’s name on rent checks made payable to Owner and to deposit same in the account mentioned above. It is expressly agreed that Agent does not guarantee either the collection of rents or the accuracy of volume-of-sales, volume-of-receipts or other reports made by tenants on percentage leases, if any, however, Agent may recommend to Owner from time-to-time that such accuracy be determined by an audit of the tenants’ books; c) To advertise for lease and enter into negotiations for leases and renewals for the Property pursuant to the terms of Exhibit “A” – Addendum to Leasing Term, attached hereto and incorporated into this Management Agreement; d) In the name of “HAWK MGMT, INC.” to sign and serve notices to tenants in breach of their Lease or Rental Agreement as Agent may deem necessary and proper; 1. To bring suit for and to recover any delinquent rents or damages and possession of the Property in the name of “HAWK MGMT, INC.” as an agent with a beneficial interest, or in the name of Owner, as Owner’s attorney-in-fact in connection with such litigation. 2. To attach, garnish and levy upon property belonging to any delinquent tenant; 3. To settle, compromise, release and adjust said actions; any collections resulting therefrom will be disbursed to Owner; Agent does not guarantee or represent that any such suits or collection efforts will be successful; e) To employ, pay directly and discharge all vendors and contractors deemed by Agent reasonably necessary for the operation and maintenance of the Property; all such vendors and contractors conclusively shall be, and deemed to be for all purposes, the vendors and contractors of Owner and not employees of Agent and Agent shall not be responsible for any of their acts, defaults or negligence or for any error of judgment or mistake of law or of fact in connection with their employment, conduct or discharge. All contractors performing work (labor + material) over $500.00 shall be licensed and insured; f) To make or cause to be made all repairs and alterations; to purchase all materials deemed necessary by Agent for the maintenance of the Property; provide...
Sample 1
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AGENT AUTHORITIES AND POWER. The Owner grants Agent the following authority and powers and Owner shall pay the expenses in connection herewith; 1. To advertise the availability for rental of the herein described premises or any part thereof, and to display “for rent” signs thereof; to approve or deny applicants at Agent's sole discretion and in accordance with fair housing laws, to sign, renew or cancel leases for the premises or any part thereof; to collect rents or other charges and expenses due or to become due and give receipts therefore; to terminate tenancies and to sign and serve such notices as are appropriate; to institute and prosecute actions to evict tenants and to recover possession of said premises and recover rents and other sums due, and when expedient, to settle, compromise, and release such actions or suits or reinstate such tenancies. Any lease executed for the Owner by the Agent shall not exceed one year unless explicitly requested in writing by Owner. 2. To make or cause to be made and supervise repairs and alterations, and to do decorating and said premises; to purchase supplies, (including, but not limited to stationary supplies, leases, stamps) and pay all bills therefore. The agent agrees to secure the prior approval, either in writing or verbally, of Owner on all expenditures in excess of $500.00 for any one time, except monthly or recurring operation charges and emergency repairs in excess of the maximum, if in the opinion of the Agent such repairs are necessary to protect the property from damage or prevent damage to life or to the property of the others or to avoid suspension of necessary services or to avoid penalties or fines or to maintain services to the tenants as called for in their leases. 3. To hire, discharge and supervise all labor and employees required for the operation and maintenance of the premises. Agent may perform any of its duties through Owner’s attorneys, agent(s) or employee(s), and shall not be responsible for their acts, defaults, or negligence if reasonable care has been exercised in their appointment and retention. 4. To make contracts for electricity, gas, fuel, water, telephone, window cleaning, ash or rubbish hauling, and other services or such of them as the Agent shall deem advisable; the Owner to assume the obligation of any contract so entered into at the termination of this Agreement. 5. To pay second trust deed payments, employee taxes, special assessments and insurance as designated by Owner. Notwithstanding anything con...
Sample 1

Related to AGENT AUTHORITIES AND POWER

  • Agent Authorization After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any Insolvency Proceeding relating to any other Obligor), Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Intercompany Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Intercompany Obligations and (B) to pay any amounts received on such obligations to Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest).

  • Governmental Authorities; Consents No action by, consent, approval, permit or authorization of, or designation, declaration or filing with, any Governmental Authority or notice, approval, consent waiver or authorization from any Governmental Authority is required on the part of Acquiror with respect to the execution or delivery and performance of this Agreement by Acquiror or any Transaction Agreement to which any of Acquiror is a party, as applicable, or the consummation of the Transactions or the transactions contemplated thereby, except for (a) applicable requirements of the HSR Act, (b) the filing with the SEC of (i) the Proxy Statement (and the expiration of the waiting period in Rule 14a-6(a) under the Exchange Act or, if the preliminary Proxy Statement is reviewed by the SEC, receipt of oral or written notification of the completion of the review by the SEC) and (ii) such reports under Section 13(a) or 15(d) of the Exchange Act as may be required in connection with this Agreement, the Transaction Agreements or the Transactions or the transactions contemplated thereby, (c) such filings with and approval of Nasdaq to permit the Acquiror Common Stock to be issued in connection with the Transactions and the other Transaction Agreements to be listed on the Nasdaq, (d) the Acquiror Stockholder Approval, or (e) any actions, consents, approvals, permits or authorizations, designations, declarations or filings, the absence of which would not, individually or in the aggregate, reasonably be expected to have an Acquiror Material Adverse Effect.

  • Consents and Approvals of Governmental Authorities No consent, approval, or authorization of, or declaration, filing, or registration with, any governmental or regulatory authority is required to be made or obtained by the Seller in connection with the execution, delivery, and performance of this Agreement or any of the other Acquisition Documents by the Seller.

  • Authorization of Governmental Authorities No action by (including any authorization, consent or approval), in respect of, or filing with, any governmental authority or regulatory body is required for, or in connection with, the valid and lawful authorization, execution, delivery and performance by it of this Agreement, subject to, in the case of the Debtors, the entry by the Bankruptcy Court of the Approval Order.

  • Authorization; Approvals The issuance of the Policy and the execution, delivery and performance of this Agreement and the Insurance Agreement have been duly authorized by all necessary corporate proceedings. No further approvals or filings of any kind, including, without limitation, any further approvals of or further filings with any governmental agency or other governmental authority, or any approval of the Insurer’s board of directors or stockholders, are necessary for the Policy, this Agreement and the Insurance Agreement to constitute the legal, valid and binding obligations of the Insurer.

  • Governmental Authorizations; Private Authorizations; Governmental Filings The Borrower has obtained, maintained and kept in full force and effect all Governmental Authorizations and Private Authorizations which are necessary for it to properly carry out its business, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, and made all material Governmental Filings necessary for the execution and delivery by it of the Facility Documents to which it is a party, the Borrowings by the Borrower under this Agreement, the pledge of the Collateral by the Borrower under this Agreement and the performance by the Borrower of its obligations under this Agreement, the other Facility Documents, and no material Governmental Authorization, Private Authorization or Governmental Filing which has not been obtained or made, is required to be obtained or made by it in connection with the execution and delivery by it of any Facility Document to which it is a party, the Borrowings by the Borrower under this Agreement, the pledge of the Collateral by the Borrower under this Agreement or the performance of its obligations under this Agreement and the other Facility Documents to which it is a party.

  • Appointment; Authorization Each Lender hereby irrevocably appoints, designates and authorizes Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document, Agent shall not have any duty or responsibility except those expressly set forth herein, nor shall Agent have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against Agent.

  • Approvals of Governmental Bodies As promptly as practicable after the date of this Agreement, Buyer will, and will cause each of its Related Persons to, make all filings required by Legal Requirements to be made by them to consummate the Contemplated Transactions (including all filings under the HSR Act). Between the date of this Agreement and the Closing Date, Buyer will, and will cause each Related Person to, cooperate with Sellers with respect to all filings that Sellers are required by Legal Requirements to make in connection with the Contemplated Transactions, and (ii) cooperate with Sellers in obtaining all consents identified in Part 3.2 of the Disclosure Letter; provided that this Agreement will not require Buyer to dispose of or make any change in any portion of its business or to incur any other burden to obtain a Governmental Authorization.

  • Governmental Authorities From the date of this Agreement and until the End Date, the Company shall duly observe and conform in all material respects to all valid requirements of governmental authorities relating to the conduct of its business or to its properties or assets.

  • Approvals and Consents Subject to any express provision in this Agreement to the contrary, a Party may conditionally or unconditionally give or withhold any consent to be given under this Agreement.

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