Authority to Pay Sample Clauses
Authority to Pay. The Account Party irrevocably authorises each Issuing Lender to pay (without investigation or confirmation by it) any demand which appears on its face to be validly made under any Bank Guarantee issued by that Issuing Lender and agrees that, as between itself, the relevant Issuing Lender and the Lenders, that demand (in the absence of manifest error) shall be conclusive evidence that the demand has been properly made.
Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Bank to pay without investigation or confirmation by it any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Bank Guarantee issued by that Issuing Bank and agrees that as between itself, such Issuing Bank and the Banks, that any such demand (in the absence of manifest error) shall be conclusive evidence that demand has been properly made.
Authority to Pay. 6.1 Direction to pay The Indemnifier irrevocably directs the Agent to make such payments and comply with such demands or claims made on the Agent in respect of or purporting to be in respect of the Bank's Obligations as the Agent in its absolute discretion (but acting always in good faith) thinks fit without any reference to or further authority or direction from the Indemnifier, or any necessity to obtain the Indemnifier's confirmation or verification, and notwithstanding that the Indemnifier may have disputed the Agent's liability to pay or comply or that all or any part of the Bank's Obligations may not legally exist or be legally binding on the Agent. The Indemnifier agrees that the Agent may treat the Bank's Obligations as payable on first demand and that any such payment or compliance or purported compliance by the Agent shall as between the Agent and the Indemnifier be conclusive evidence that the Agent was liable to make the payment or comply with the demand or claim.
6.2 Underlying transaction The Indemnifier agrees that the Agent shall be concerned only with the demand or claim made on it and, where a demand or claim must be accompanied by any other document, with any such document, in each case as presented to the Agent, and not with any transaction to which the demand, claim or document relates, or as to whether the payment demanded or the claim made was in fact due.
6.3 Propriety of demand The Agent shall be entitled to rely without further enquiry on any demand, claim, document or communication believed by it to be genuine and correct and to have been signed or otherwise executed or made by the proper
Authority to Pay. BOCC may pay and debit an Account in the amount of every Instrument that is payable by the Customer at the Bank and this is present for payment to the Bank.
Authority to Pay. The Corporation authorises the Manager to disburse Corporation funds for the purpose of:
4.1 Payment of the annual fee for carrying out the Services specified in Clause 2.1,
4.2 Payment for performing the Additional Services specified in Clause 2.2
4.3 Payment for the disbursements fees listed in Clause 2.3;
4.4 Paying moneys in accordance with a budget approved by the Corporation;
4.5 Payment of insurance premiums and commission;
4.6 Payment of the cost of repairs and maintenance carried out with the authority of the Corporation or by the authority of the Manager and where performance of Additional Services is deemed by the Manager to be necessary for compliance with the Act;
4.7 Payment of all other day to day expenses incurred by the Corporation.
Authority to Pay. Guaranty is irrevocably authorized to pay any sum requested in accordance with the Letters of Credit provided: (a) the amount paid and the amounts previously paid pursuant thereto do not exceed the stated amount(s) of the Letters of Credit; and (b) all documents ("Presentation Documents") required to be presented pursuant to the Letters of Credit are presented. Guaranty may act upon Presentation Documents which it determines in its sole discretion are authentic and in accordance with the requirements of the Letters of Credit and pay sums in accordance with the Letters of Credit, notwithstanding any act or failure to act of the Beneficiary or Customer, including, but not limited to, (i) Customer's oral or written objection to the Presentation Documents or the accuracy of any statements therein made or (ii) Customer's oral or written challenge to the right of the Beneficiary to request sums pursuant to the Letters of Credit on whatever basis, including, but not limited to, Customer's claims of fraud, forgery, other defect, default by the Beneficiary or misrepresentation. Guaranty shall not be required to determine: (i) that any signatures on the Presentation Documents are the signatures of the parties which they purport to be or (ii) that any statements therein made are accurate. Guaranty shall be conclusively deemed to be acting in good faith in the payment of any sum pursuant to the Letters of Credit or the taking of any other action in connection therewith if it complies with the provisions of this paragraph 3.
Authority to Pay. The Manager is authorised to disburse Owners Corporation funds for the purpose of:
(a) carrying out the duties specified in Schedule A in accordance with the administrative and sinking fund budgets approved by the corporation;
(b) paying moneys in accordance with a budget approved by the Owners Corporation;
(c) payment of insurance premiums;
(d) payment of the cost of repairs and maintenance carried out with the authority of the Owners Corporation;
(e) payment of all other day to day expenses incurred by the Owners Corporation;
(f) payment of Manager’s fees, disbursements and expenses.
Authority to Pay. We may pay and debit the Account in the amount of every Instrument that is payable by you at the Bank and that is presented for payment to the Bank.
Authority to Pay. The Account Party irrevocably authorises each Issuing Lender to pay (without investigation or confirmation by it) any demand which appears on its face to be validly made under any Bank Guarantee issued by that Issuing Lender and agrees that, as between itself, the relevant Issuing Lender and the Lenders, that demand (in the absence of manifest error) shall be conclusive evidence that the demand has been properly made. The Issuing Lender shall notify Bidco 2 of any such payment before such payment but failure to do so shall not affect the authority contained in this clause 7.3 or the indemnity contained in clause 7.4 (Indemnities).
Authority to Pay. 6.1 Direction to pay The Indemnifier irrevocably directs the Issuers to make such payments and comply with such demands or claims made on the Issuers in writing in respect of or purporting to be in respect of the Issuers’ Obligations as the Issuers in their absolute discretion think fit without any reference to or further authority or direction from the Indemnifier, or any necessity to obtain the Indemnifier’s confirmation or verification, and notwithstanding that the Indemnifier may have disputed the Issuers’ liability to pay or comply or that all or any part of the Issuers’ Obligations may not legally exist or be legally binding on the Issuers. The Indemnifier agrees that the Issuers may treat the Issuers’ Obligations as payable on first demand and that any such payment or compliance or purported compliance by the Issuers shall as between the Issuers and the Indemnifier be conclusive evidence that the Issuers were liable to make the payment or comply with the demand or claim.