AUTHORITY TO COMMIT Clause Samples
The "Authority to Commit" clause defines who within an organization has the legal power to enter into binding agreements or make commitments on behalf of the company. Typically, this clause specifies certain roles or individuals—such as officers, directors, or designated employees—who are authorized to sign contracts or approve expenditures. By clearly outlining these authorities, the clause helps prevent unauthorized commitments, reduces the risk of disputes over who can bind the company, and ensures that only duly empowered representatives can obligate the organization.
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AUTHORITY TO COMMIT. Buyer and Seller each represent and warrant that the representatives executing this Agreement are duly authorized and empowered to sign on their behalf.
AUTHORITY TO COMMIT. If at any time during the Term, EE shall, pursuant to the authority granted it in Section 2(a) above, enter into a binding commitment to sell an Option Vessel to a Customer, or if a Customer shall exercise an option granted to it by EE to purchase an Option Vessel, each Party agrees that it shall, at the written request of EE, exercise every right, power and authority that it now holds or may at any time during the Term hold in respect of the applicable Option Vessel, and cause each of its Affiliates to exercise every right, power and authority such Affiliate now holds or may at any time during the Term hold in respect of the applicable Option Vessel, to facilitate and effectuate the transfer of the applicable Option Vessel to such Customer on the terms and conditions for such transfer contained in this Agreement.
AUTHORITY TO COMMIT. The following individuals shall have the authority to commit and represent LabWare in all commercial and technical dealings with Licensee during the Term of this Agreement. ▇▇▇▇▇ Broad ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇