AGENT OR NOMINEE Clause Samples

AGENT OR NOMINEE. 30.1 Where the Purchaser is acting as an agent or nominee for a Principal, the Purchaser will be entitled, by notice in writing to that effect addressed to the Seller, to nominate his Principal in his place as Purchaser, upon the following terms and conditions: 30.1.1 notice of such nomination shall be handed to the Seller by not later than close of business on the day of acceptance of this offer by the Seller, accompanied by a copy of the agreement, inter alia so appointing the Purchaser as agent or nominee; 30.1.2 the notice shall set out the name and address of the nominee so nominated as Purchaser; 30.1.3 the notice shall be accompanied by the Principal’s written acknowledgement: 30.1.3.1 that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 30.1.3.2 that he is bound by the provisions of this Agreement as the Purchaser; 30.2 should the Purchaser nominate a Principal in terms of this clause, then: 30.2.1 all reference to the Purchaser in this Agreement shall be deemed to be a reference to its Principal; and 30.2.2 the Purchaser by his signature hereto, hereby interposes and binds himself jointly and severally as surety and co-principal debtor in solidum to the Seller and the Auctioneer for all the obligations of the Principal in terms of this Agreement, including damages and losses and consequential damages as may arise. 30.3 Should the Purchaser fail to nominate a Principal by close of business on the date of acceptance by the Seller, then he shall be bound to perform all his obligations as Purchaser in terms of this Agreement.
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Related to AGENT OR NOMINEE

  • NOMINEE Title to the Company's assets will be held in the Company's name or in the name of any nominee that the Members may designate. The Members will have power to enter into a nominee agreement with any person, and such agreement may contain provisions indemnifying the nominee, except for their willful misconduct.

  • Nominees Securities which are ordinarily held in registered form may be registered in a nominee name of the Bank, Subcustodian or securities depository, as the case may be. The Bank may without notice to the Customer cause any such Securities to cease to be registered in the name of any such nominee and to be registered in the name of the Customer. In the event that any Securities registered in a nominee name are called for partial redemption by the issuer, the Bank may allot the called portion to the respective beneficial holders of such class of security pro rata or in any other manner that is fair, equitable and practicable. The Customer agrees to hold the Bank, Subcustodians, and their respective nominees harmless from any liability arising directly or indirectly from their status as a mere record holder of Securities in the Custody Account.