AGENT OR PROXY Sample Clauses

AGENT OR PROXY. Where the PURCHASER is acting as an agent or proxy for a Principal, the PURCHASER shall be entitled, by notice in writing to that effect addressed to the SELLER, to nominate a proxy in his place as PURCHASER, upon the following terms and conditions: 15.1. The aforesaid notice 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 copies of the documents so appointing the PURCHASER as agent or proxy; 15.2. The notice shall set out the name and address of the proxy so nominated as the PURCHASER; 15.3. The notice shall be accompanied by the proxy’s written acknowledgement; 15.3.1. that it is fully aware of all the terms and conditions of this Agreement as if fully set out in such written acknowledgement; and 15.3.2. that it is bound by the provisions of this Agreement as the PURCHASER. 15.3.3. Should the PURCHASER nominate a proxy in terms of this clause 15, then: 15.3.4. all reference to the PURCHASER in this Agreement shall be deemed to be reference to its proxy; and 15.3.5. the PURCHASER by his signature hereto, hereby interposes and binds himself as surety and co-principal debtor in solidum, for and on behalf of all obligations of the aforesaid proxy as PURCHASER, to and in favour of the SELLER, for all the PURCHASER’s obligations under this Agreement, including damages, and renounces the benefits of division and excision. 15.4. Should the PURCHASER fail to nominate a Principal in terms of this clause 15, 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 PROXY

  • LHIN is an Agent of the Crown The parties acknowledge that the LHIN is an agent of the Crown and may only act as an agent of the Crown in accordance with the provisions of LHSIA. Notwithstanding anything else in this Agreement, any express or implied reference to the LHIN providing an indemnity or any other form of indebtedness or contingent liability that would directly or indirectly increase the indebtedness or contingent liabilities of the LHIN or of Ontario, whether at the time of execution of this Agreement or at any time during the term of this Agreement, will be void and of no legal effect.

  • Dealings With Trustees and Officers General. Any Trustee, officer or other agent of the Trust may acquire, own and dispose of shares of the Trust to the same extent as if he were not a Trustee, officer or agent; and the Trustees may accept subscriptions to shares or repurchase shares from any firm or company in which he is interested.

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  • Trustee Dealings with Issuer The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Issuer or its Affiliates, and may otherwise deal with the Issuer or its Affiliates, as if it were not the Trustee.

  • SELF-DEALING Unless entered into in bad faith, no contract or transaction between the Company and one or more of its Members, officers, or employees, or between the Company and any other entity or organization in which one or more of its Members, officers, or employees have a financial interest or are owners, managers, partners, directors, officers, or employees, shall be voidable solely for this reason or solely because such Member, officer, or employee was present or participated in the authorization of such contract or transaction. No Member, officer, or employee interested in such contract or transaction, because of such interest, shall be considered to be in breach of this Agreement or liable to the Company or any other Person for any loss or expense incurred by reason of such contract or transaction or shall be accountable for any gain or profit realized from such contract or transaction. While not required, approval or ratification by a majority of the Members having no interest in the transaction constitutes conclusive evidence that such transaction is permitted under this section.

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  • Trustee Dealings with Issuers The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Issuers or their Affiliates, and may otherwise deal with the Issuers or their Affiliates, as if it were not the Trustee.

  • Trustee Dealings with Company The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee.

  • Windstorm or hail This peril does not include loss to the property contained in a building caused by rain, snow, sleet, sand or dust unless the direct force of wind or hail damages the building causing an opening in a roof or wall and the rain, snow, sleet, sand or dust enters through this opening. This peril includes loss to watercraft and their trailers, furnishings, equipment, and outboard engines or motors, only while inside a fully enclosed building.

  • Dealings with Public Servants Contractor has not given, has not offered to give, and does not intend to give at any time hereafter any economic opportunity, future employment, gift, loan, gratuity, special discount, trip, favor, or service to a public servant in connection with this Contract or any related Solicitation, or related Solicitation Response.