APPOINTMENT OF AGENT AND ATTORNEY Sample Clauses

APPOINTMENT OF AGENT AND ATTORNEY. The Financial Institution will grant access rights to an Agent of the Renter only if the Renter specifically authorizes such access as provided in the Appointment/Revocation. If the Renter provides such authorization then the Agent will be entitled to exercise the Renter’s access rights by providing the Financial Institution with proof of identity. The appointment of the Agent will be valid until the Financial Institution receives express written notice of revocation or, if applicable, until the death of the appointing Renter or the appointed Agent. In the case of a corporation, society, or partnership, the agency will not be effective after the dissolution, winding up, or bankruptcy of such business. The Financial Institution may, but is not obliged to, permit a person granted a power of attorney (an “Attorney”) by any person comprising the Renter to exercise the Renter’s access rights to the Safe Deposit Box, provided that the Attorney presents the Financial Institution with legal documentation establishing a valid grant of such powers to the Attorney and proof of identity that are acceptable to the Financial Institution. A Renter who does not want an Attorney to have access to the Safe Deposit Box must provide the Financial Institution with express written notice. The Renter acknowledges that upon presentation by an Attorney or Agent of the above-referenced documentation, the Financial Institution has no obligation to verify the validity of the grant of any rights or powers to the Agent or Attorney, as the case may be, the mental capacity of the Renter, or the bona fides of the Agent or Attorney, unless the Financial Institution is specifically advised in writing by the Renter or the Renter’s legal representative that no access is to be granted to the Agent or Attorney, or that the Agent’s or Attorney’s powers or authority have been terminated, revoked, or are otherwise invalid. The Renter bears the risk of any loss the Renter may incur from the conduct of the Agent or Attorney, and the Financial Institution will have no liability to the Renter arising from any unlawful, wrongful, or improper acts of the Agent or Attorney.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
APPOINTMENT OF AGENT AND ATTORNEY. On this Scheme becoming Effective, each Scheme Optionholder, without the need for any further act, is deemed to have irrevocably appointed Talison as its agent and attorney for the purpose of:
Sample 1
APPOINTMENT OF AGENT AND ATTORNEY. (a) On this Scheme becoming Effective, each Scheme Shareholder, without the need for any further act, irrevocably appoints BigAir as its agent and attorney for the purposes of:
Sample 1
APPOINTMENT OF AGENT AND ATTORNEY. On the Scheme becoming Effective, each Scheme Shareholder, without the need for any further act, is deemed to have irrevocably appointed VII as its agent and attorney for the purpose of:
Sample 1
APPOINTMENT OF AGENT AND ATTORNEY. The Warrantors hereby irrevocably appoint NAB as their agent and attorney to execute all documents and do all things necessary in order to give effect to their respective obligations under clause 10.2 of this Schedule 8. Each Warrantor indemnifies NAB and agrees to keep NAB indemnified against any Loss or Liability arising out of or in connection with its appointment, or any action taken by NAB, in the capacity as attorney under this clause.
Sample 1
APPOINTMENT OF AGENT AND ATTORNEY. Upon the Scheme becoming Effective, each Scheme Participant, without the need for any further act, is deemed to have irrevocably appointed Coalspur as its agent and attorney for the purpose of:
Sample 1
APPOINTMENT OF AGENT AND ATTORNEY as provided in the Appointment/Revocation. If the Renter provides such authorization then the Agent will be entitled to exercise the Renter’s access rights by providing the Financial Institution with proof of identity. The appointment of the Agent will be valid until the Financial Institution receives express written notice of revocation or, if applicable, until the death of such business. The Financial Institution may, but is not obliged to, permit a person granted a power of attorney (an “Attorney”) by any person comprising the Renter to exercise the Renter’s access rights to the Safe Deposit Box, provided that the Attorney presents the Financial Institution with legal documentation establishing a valid grant of such powers to the Attorney and proof of identity that are acceptable to the Financial Institution. A Renter who does not want an Attorney to have access to the Safe Deposit Box must provide the Financial Institution with express written notice. The Renter acknowledges that upon presentation by an Attorney or Agent of the above-referenced documentation, the Financial Institution has no obligation to verify the validity of the authority have been terminated, revoked, or are otherwise invalid. The Renter bears the risk of any loss the Renter may incur from the conduct of the Agent or Attorney, and the Financial Institution will have no liability to the Renter arising from any unlawful, wrongful, or improper acts of the Agent or Attorney.
Sample 1
AutoNDA by SimpleDocs

Related to APPOINTMENT OF AGENT AND ATTORNEY

  • Appointment of Agent GE Capital is hereby appointed to act on behalf of all Lenders as Agent under this Agreement and the other Loan Documents. The provisions of this Section 9.2 are solely for the benefit of Agent and Lenders and no Credit Party nor any other Person shall have any rights as a third party beneficiary of any of the provisions hereof. In performing its functions and duties under this Agreement and the other Loan Documents, Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation toward or relationship of agency or trust with or for any Credit Party or any other Person. Agent shall have no duties or responsibilities except for those expressly set forth in this Agreement and the other Loan Documents. The duties of Agent shall be mechanical and administrative in nature and Agent shall not have, or be deemed to have, by reason of this Agreement, any other Loan Document or otherwise a fiduciary relationship in respect of any Lender. Except as expressly set forth in this Agreement and the other Loan Documents, Agent shall not have any duty to disclose, and shall not be liable for failure to disclose, any information relating to any Credit Party or any of their respective Subsidiaries or any Account Debtor that is communicated to or obtained by GE Capital or any of its Affiliates in any capacity. Neither Agent nor any of its Affiliates nor any of their respective officers, directors, employees, agents or representatives shall be liable to any Lender for any action taken or omitted to be taken by it hereunder or under any other Loan Document, or in connection herewith or therewith, except for damages caused by its or their own gross negligence or willful misconduct. If Agent shall request instructions from Requisite Lenders or all affected Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Document, then Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Lenders or all affected Lenders, as the case may be, and Agent shall not incur liability to any Person by reason of so refraining. Agent shall be fully justified in failing or refusing to take any action hereunder or under any other Loan Document (a) if such action would, in the opinion of Agent, be contrary to law or the terms of this Agreement or any other Loan Document, (b) if such action would, in the opinion of Agent, expose Agent to Environmental Liabilities or (c) if Agent shall not first be indemnified to its satisfaction against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of Requisite Lenders or all affected Lenders, as applicable.

  • Appointment of Agents and Advisors The Collateral Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, attorneys, accountants, appraisers or other experts or advisors selected by it in good faith as it may reasonably require and will not be responsible for any misconduct or negligence on the part of any of them.

  • Appointment of Agents The Custodian may at any time or times in its discretion appoint (and may at any time remove) any other bank or trust company which is itself qualified under the Investment Company Act of 1940, as amended, to act as a custodian, as its agent to carry out such of the provisions of this Article 2 as the Custodian may from time to time direct; provided, however, that the appointment of any agent shall not relieve the Custodian of its responsibilities or liabilities hereunder.

  • Appointment of Attorney The Obligor hereby irrevocably constitutes and appoints the Collateral Agent (and any officer of the Collateral Agent) the true and lawful attorney of the Obligor. As the attorney of the Obligor, the Collateral Agent has the power to exercise for and in the name of the Obligor with full power of substitution, upon the occurrence and during the continuance of an Event of Default, any of the Obligor’s right (including the right of disposal), title and interest in and to the Collateral including the execution, endorsement, delivery and transfer of the Collateral to the Collateral Agent, its nominees or transferees, and the Collateral Agent and its nominees or transferees are hereby empowered to exercise all rights and powers and to perform all acts of ownership with respect to the Collateral to the same extent as the Obligor might do. This power of attorney is irrevocable, is coupled with an interest, has been given for valuable consideration (the receipt and adequacy of which is acknowledged) and survives, and does not terminate upon, the bankruptcy, dissolution, winding up or insolvency of the Obligor. This power of attorney extends to and is binding upon the Obligor’s successors and permitted assigns. The Obligor authorizes the Collateral Agent to delegate in writing to another Person any power and authority of the Collateral Agent under this power of attorney as may be necessary or desirable in the opinion of the Collateral Agent, and to revoke or suspend such delegation.

  • Appointment of Attorney-in-Fact Borrower hereby constitutes and appoints Agent as Borrower's attorney-in-fact with full authority in the place and stead of Borrower and in the name of Borrower, Agent or otherwise, from time to time in Agent's discretion while an Event of Default is continuing to take any action and to execute any instrument that Agent may deem reasonably necessary or advisable to accomplish the purposes of this Agreement, including: (a) to ask, demand, collect, sue xxx, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (b) to adjust, settle or compromise the amount or payment of any Account, or release wholly or partly any customer or obligor thereunder or allow any credit or discount thereon; (c) to receive, endorse, and collect any drafts or other instruments, documents and chattel paper, in connection with clause (a) above; (d) to file any claims or take any action or institute any proceedings that Agent may deem reasonably necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of Agent and Lenders with respect to any of the Collateral; and (e) to sign and endorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, assignments, verifications and notices in connection with Accounts and other documents relating to the Collateral. The appointment of Agent as Borrower's attorney and Agent's rights and powers are coupled with an interest and are irrevocable until payment in full and complete performance of all of the Obligations.

  • Collateral Agent’s Appointment as Attorney-in-Fact (a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any appropriate action and to execute any document or instrument that may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any of the following:

  • Appointment of the Agents (A) Each other Finance Party (other than the relevant Agent) appoints each Agent to act in that capacity under and in connection with the Finance Documents.

  • Appointment of the Agent (a) Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents.

  • Administrative Agent’s Appointment as Attorney-in-Fact (a) Each Grantor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any appropriate action and to execute any document or instrument that may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any of the following:

  • Control Agreement; Appointment of Attorney-in-Fact The Advisor agrees to execute and deliver to the Board, in form and substance satisfactory to the Board, a Control Agreement by, between and among the Trust, the Advisor and the Securities Intermediary (the “Control Agreement”) pursuant to and consistent with Section 8-106(c) of the New York Uniform Commercial Code, which shall terminate when the Collateral Account is no longer required under this Agreement. Without limiting the foregoing, for so long as the Collateral Account in required under the Agreement, the Advisor hereby irrevocably constitutes and appoints the Trust, through any officer thereof, with full power of substitution, as Advisor's true and lawful Attorney-in-Fact, with full irrevocable power and authority in place and stead of the Advisor and in the name of the Advisor or in the Trust's own name, from time to time, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate actions and to execute and deliver any and all documents and instruments which the Board deems necessary to accomplish the purpose of this Agreement, which power of attorney is coupled with an interest and shall be irrevocable. Without limiting the generality of the foregoing, the Trust shall have the right and power following any Collateral Event to receive, endorse and collect all checks and other orders for the payment of money made payable to the Advisor representing any interest payment, dividend, or other distribution payable in respect of or to the Collateral, or any part thereof, and to give full discharge for the same. So long as a Collateral Event has occurred and is continuing, the Board, in its discretion, may direct the Advisor or Advisor's agent to transfer the Collateral in certificated or uncertificated form into the name and account of the Trust or its designee.

Time is Money Join Law Insider Premium to draft better contracts faster.