Appointment and Designation Clause Samples

The Appointment and Designation clause establishes the formal assignment of a person or entity to a specific role or responsibility within an agreement. Typically, this clause outlines who is being appointed, the scope of their authority, and any conditions or limitations attached to their designation. For example, it may specify the appointment of a project manager or designate a representative to act on behalf of a party. Its core function is to clearly identify and authorize individuals or entities to act in certain capacities, thereby ensuring clarity and preventing disputes over roles and responsibilities.
Appointment and Designation. 2.1. The Company hereby engages the Employee at the designation prescribed under Part A of Annexure A on the terms and conditions set out herein. Further, the Employee shall report directly to the person provided under Part A of Annexure A. 2.2. The Employee’s initial place of posting shall be at Pune. However, the Employee may be transferred to any other unit / office of the Company, or to any group company / sister concern / subsidiary / affiliate / joint venture, whether located in India or abroad.
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Appointment and Designation. The Partners hereby authorize the Partnership to appoint the Administrative General Partner as the initial partnership representative of the Partnership pursuant to Section 6223(a) of the Code (the “Partnership Representative”). The Administrative General Partner shall be appointed the Partnership Representative for each taxable year of the Partnership provided that if an event or circumstance has occurred which, with the giving of notice or the passage of time, would constitute a Removal Default hereunder or a default by the Partnership Representative or Designated Individual of its/his/her duties and obligations under this Section 13.04, the Consent of the Limited Partner must be obtained before the Partnership Representative is appointed for any taxable year of the Partnership. The Partnership Representative shall timely designate an individual to serve as the sole individual through whom the Partnership Representative will act for purposes of the Revised Partnership Audit Rules (the “Designated Individual”) with the Consent of the Limited Partner. No later than the effective date of the designation of the Designated Individual as the Designated Individual or of the Partnership Representative as the Partnership Representative, such Designated Individual or Partnership Representative, as applicable, must agree in writing to be bound by the same obligations and restrictions imposed on the Partnership Representative under this Section 13.04 prior to and as condition of such designation.
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Appointment and Designation. We hereby appoint you on a non-exclusive basis as a licensed-only agent to solicit applications for Policies in accordance with this Agreement. Such appointment is non-exclusive in all respects; without limiting the generality of the foregoing, you have no exclusive rights to territory, market or products.
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Appointment and Designation. (a) Until the Agent gives notice to the Company of a designation of a Person to replace the Servicer (the “Successor Servicer”) upon the occurrence and during the continuance of any Servicer Default, or consents in writing to the appointment by the Company of a Successor Servicer, Mossimo Management has been designated as, and agreed to perform the duties and obligations of, the Servicer, pursuant to the terms hereof and in accordance with the Management Agreement at all times until the earlier of the Agent’s designation of a Successor Servicer (upon the occurrence and during the continuance of any Servicer Default) and the delivery by the Agent of its written consent to the appointment by the Company of a Successor Servicer or the Loan Repayment Date. Upon the occurrence and during the continuance of any Servicer Default, the Agent may at any time (with the approval of the Lenders) designate a Successor Servicer to succeed Mossimo Management or any Successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof and the Management Agreement. Each of the Company and each Person serving in the capacity of a “Servicer” grants to the Agent and any Successor Servicer an irrevocable power of attorney to take any and all steps in the Company’s, or such Person’s name, as applicable, and on behalf of the Company or such Person, necessary, appropriate or desirable, in the determination of the Agent or such Successor Servicer, to perform any of the Servicing Functions. (b) Until the Agent gives notice to the Company of a designation of a Person to replace the Manager (the “Successor Manager”) upon the occurrence and during the continuance of any Manager Default, or consents in writing to the appointment by the Company of a Successor Manager, Mossimo Management has been designated as, and agreed to perform the duties and obligations of, the Manager, pursuant to the terms hereof and the Management Agreement at all times until the earlier of the Agent’s designation of a Successor Manager (upon the occurrence and during the continuance of any Manager Default) and the delivery by the Agent of its written consent to the appointment by the Company of a Successor Manager or the Loan Repayment Date. Upon the occurrence and during the continuance of any Manager Default, the Agent may at any time (with the approval of the Lenders) designate a Successor Manager to ...
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Appointment and Designation 
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Related to Appointment and Designation

  • Appointment and Designation of Master Servicer The Purchaser hereby appoints and designates Aurora Loan Services, Inc. as its master servicer (the "Master Servicer") for the Mortgage Loans subject to this Agreement. The Company is hereby authorized and instructed to take any and all instructions with respect to servicing the Mortgage Loans hereunder as if the Master Servicer were the Purchaser hereunder. The authorization and instruction set forth herein shall remain in effect until such time as the Company shall receive written instruction from the Purchaser that such authorization and instruction is terminated.

  • Appointment of FTIS The Investment Company hereby appoints FTIS as transfer agent for Shares of the Investment Company, as service agent in connection with dividend and distribution functions, and as shareholder servicing agent for the Investment Company, and FTIS accepts such appointment and agrees to perform the following duties.

  • Creation and Designation There is hereby created a Tranche of Class A Notes to be issued pursuant to this Terms Document, the Indenture and the Indenture Supplement to be known as the “DiscoverSeries Class A( - ) Notes.”

  • Appointment and Services (a) The Trust appoints the Administrator to provide the administrative services set out in Appendix A to this Agreement (the “Administrative Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Administrative Services for the compensation set out in this Agreement. (b) The Trust appoints the Administrator to provide the fund accounting services set out in Appendix B to this Agreement (the “Fund Accounting Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Fund Accounting Services for the compensation set out in this Agreement.

  • Appointment and Duties The Trustees shall at all times employ a custodian or custodians, meeting the qualifications for custodians for portfolio securities of investment companies contained in the 1940 Act, as custodian with respect to the assets of the Trust. Any custodian shall have authority as agent of the Trust with respect to which it is acting as determined by the custodian agreement or agreements, but subject to such restrictions, limitations and other requirements, if any, as may be contained in the By-Laws of the Trust and the 1940 Act: (1) to hold the securities owned by the Trust and deliver the same upon written order; (2) to receive any receipt for any moneys due to the Trust and deposit the same in its own banking department (if a bank) or elsewhere as the Trustees may direct; (3) to disburse such funds upon orders or vouchers; (4) if authorized by the Trustees, to keep the books and accounts of the Trust and furnish clerical and accounting services; and (5) if authorized to do so by the Trustees, to compute the net income or net asset value of the Trust; all upon such basis of compensation as may be agreed upon between the Trustees and the custodian. The Trustees may also authorize each custodian to employ one or more sub-custodians from time to time to perform such of the acts and services of the custodian and upon such terms and conditions, as may be agreed upon between the custodian and such sub-custodian and approved by the Trustees, provided that in every case such sub-custodian shall meet the qualifications for custodians contained in the 1940 Act.