Authority to Distribute Sample Clauses

Authority to Distribute. The Trustee is initially designated as paying agent. The Finance Committee may designate an alternative paying agent provided that the Finance Committee can demonstrate to the District Court that such transfer of responsibilities will satisfy the qualification criteria of the Depository Trust Agreement and will not result in any delay in payments to Claimants or affect the Claimants’ prompt receipt of payment. The paying agent shall arrange for the distribution of payments to Claimants upon the direction of the Finance Committee and the District Court and in accordance with the terms of this Settlement Facility Agreement, the Litigation Facility Agreement, and the Funding Payment Agreement. The timing of all distributions shall be determined by the Claims Administrator except as provided in the Litigation Facility Agreement with respect to Litigation Fund payments. The Finance Committee shall have the authority to seek orders from the District Court generally authorizing distributions of First Priority Payments without separate orders regarding each such distribution and establishing procedures for distributing payments involving liens or disputed payees.
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Authority to Distribute. The Finance Committee may designate the Trustee as paying agent. The paying agent shall arrange for the distribution of payments to Claimants upon the direction of the Finance Committee and the District Court and in accordance with the terms of this Settlement Facility Agreement and the Funding Payment Agreement. The timing of all distributions shall be determined by the Claims Administrator. The Finance Committee shall have the authority to seek orders from the District Court generally authorizing distributions of First Priority Payments without separate orders regarding each such distribution and establishing procedures for distributing payments involving liens or disputed payees.
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Authority to Distribute. Subject to clause 12 (“Dealers’ acknowledgements and obligations”), each Issuer authorises each of the Dealers to give to actual and potential purchasers of the Notes copies of the Information Memorandum and the other documents referred to in clause 13.1 (“Issuers to give copies of the Information Memorandum and other documents”) in accordance with the conditions contained in the Information Memorandum. The Issuers may from time to time update the Information Memorandum and each Dealer agrees to only use the most recent Information Memorandum except as otherwise permitted under clause 13.5 (“Secondary market distribution”).
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Authority to Distribute. The Issuer authorises the Dealers to distribute copies of the following documents in connection with the offering and sale of the Notes in accordance with the Dealer Agreement:
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Related to Authority to Distribute

  • Authority to Sign If this document is not signed by all of the persons comprising the Supplier, any person who has signed this document warrants to DFMC that it is duly authorised to sign and bind all the persons comprising the Supplier.

  • Authority to Sell The execution and delivery of this Agreement, and the completion of the transaction contemplated by this Agreement has been duly and validly authorized by all necessary corporate action on the part of the Vendor, and this Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable against the Vendor in accordance with its terms except as may be limited by laws of general application affecting the rights of creditors;

  • Authority to File Notices Borrower irrevocably appoints Lender at its attorney-in-fact, with full power of substitution, to file for record, at Borrower’s cost and expense and in Borrower’s name, any notices of completion, notices of cessation of labor, or any other notices that Lender considers necessary or desirable to protect its security.

  • Authority to Carry on Business The Trustee represents to the Corporation that at the date of execution and delivery by it of this Indenture it is authorized to carry on the business of a trust company in each of the provinces of Canada but if, notwithstanding the provisions of this Section 13.4, it ceases to be so authorized to carry on business, the validity and enforceability of this Indenture and the securities issued hereunder shall not be affected in any manner whatsoever by reason only of such event but the Trustee shall, within 90 days after ceasing to be authorized to carry on the business of a trust company in any of the provinces of Canada, either become so authorized or resign in the manner and with the effect specified in Section 13.2.

  • Authority to Bind Each individual who executes this Agreement on behalf of a party represents that he/she is duly authorized to execute this Agreement on behalf of that party and is operating within the scope of his/her authority.

  • Authority to Execute Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal authority to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such party’s obligations hereunder have been duly authorized. [Signatures on Following Page]

  • Inability to Obtain Authority The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

  • Authority to Enter Agreement Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party.

  • Authority to Borrow We authorize you to advance your own funds for our account, charging current interest rates, or to arrange loans for our account or the account of the Underwriters, as you may deem necessary or advisable for the purchase, carrying, sale and distribution of the Securities. You may execute and deliver any notes or other instruments required in connection therewith and may hold or pledge as security therefor all or any part of the Securities which we or such Underwriters have agreed to purchase. The obligations of the Underwriters under loans arranged on their behalf shall be several in proportion to their respective participations in such loans, and not joint. Any lender is authorized to accept your instructions as to the disposition of the proceeds of any such loans. You shall credit each Underwriter with the proceeds of any loans made for its account.

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