Authorization and Entrustment Sample Clauses

Authorization and Entrustment. 1. The Trustor irrevocably and specially authorizes and entrusts the WFOE to exercise the following rights of the Trustor as the Target Company’s shareholders, as permitted under PRC law, including but not limited to (hereinafter referred to as the “Entrustment Rights”):
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Authorization and Entrustment. 1. The School’s Sponsor irrevocably and specially authorizes and entrusts WFOE to exercise the following rights of the School’s Sponsor as the sponsors of the Target Schools, as permitted under PRC law, including but not limited to:
Sample 1Sample 2Sample 3See All (5)
Authorization and Entrustment. For the withdrawal that meets the entrusted payment conditions agreed herein, Party A authorizes and entrusts Party B to transfer the financing funds to the payment object account of Party A for the agreed purpose of the financing contract after transferring the financing funds to the designated account of Party A, and provide payment vouchers and other relevant materials as required by Party B. The purpose of the financing funds under the financing contract is: operating turnover
Sample 1Sample 2
Authorization and Entrustment. After a drawdown amount which meets the condition for entrusted payment as set out hereunder is remitted into the designated account of Party A, Party A shall authorize and entrust Party B to transfer such amount into an account of Party A’s payee for the purpose as agreed under financing contract, and provide relevant information including payment voucher as required by Party B. The purpose of financing as agreed under financing contract is: payment of purchase.
Sample 1
Authorization and Entrustment. A power of attorney with its contents as set forth in Appendix E attached hereto shall be executed in the meantime of executing this Contract. According to this power of attorney, Shareholder A and Shareholder B shall irrevocably authorize the person appointed and designated by the WFOE pursuant to the appendix, as the representative of the shareholders, to exercise the shareholder rights thereof, and to exercise all the shareholders’ voting rights enjoyed by the shareholders at the shareholders’ meeting of Party B. Shareholder A and Shareholder B further agree to substitute the persons designated and authorized in the aforementioned power of attorney at any time as per the requirement of the WFOE.
Sample 1

Related to Authorization and Entrustment

  • Authorization and Validity This Agreement and each promissory note, contract, instrument and other document required hereby or at any time hereafter delivered to Bank in connection herewith (collectively, the "Loan Documents") have been duly authorized, and upon their execution and delivery in accordance with the provisions hereof will constitute legal, valid and binding agreements and obligations of Borrower or the party which executes the same, enforceable in accordance with their respective terms.

  • Authorization of Agreements The execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of Company.

  • Authorization of Agreement This Agreement has been duly authorized, executed and delivered by the Company.

  • Authorization and Action Each Lender hereby appoints and authorizes the Agent to take such action as contractual representative on such Lender’s behalf and to exercise such powers under this Agreement and the other Loan Documents as are specifically delegated to the Agent by the terms hereof and thereof, together with such powers as are reasonably incidental thereto. Not in limitation of the foregoing, each Lender authorizes and directs the Agent to enter into the Loan Documents for the benefit of the Lenders. Each Lender hereby agrees that, except as otherwise set forth herein, any action taken by the Requisite Lenders in accordance with the provisions of this Agreement or the Loan Documents, and the exercise by the Requisite Lenders of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. Nothing herein shall be construed to deem the Agent a trustee or fiduciary for any Lender nor to impose on the Agent duties or obligations other than those expressly provided for herein. At the request of a Lender, the Agent will forward to such Lender copies or, where appropriate, originals of the documents delivered to the Agent pursuant to this Agreement or the other Loan Documents. The Agent will also furnish to any Lender, upon the request of such Lender, a copy of any certificate or notice furnished to the Agent by the Borrower, any Loan Party or any other Affiliate of the Borrower, pursuant to this Agreement or any other Loan Document not already delivered to such Lender pursuant to the terms of this Agreement or any such other Loan Document. As to any matters not expressly provided for by the Loan Documents (including, without limitation, enforcement or collection of any of the Obligations), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Requisite Lenders (or all of the Lenders if explicitly required under any other provision of this Agreement), and such instructions shall be binding upon all Lenders and all holders of any of the Obligations; provided, however, that, notwithstanding anything in this Agreement to the contrary, the Agent shall not be required to take any action which exposes the Agent to personal liability or which is contrary to this Agreement or any other Loan Document or Applicable Law. Not in limitation of the foregoing, the Agent shall not exercise any right or remedy it or the Lenders may have under any Loan Document upon the occurrence of a Default or an Event of Default unless the Requisite Lenders have so directed the Agent to exercise such right or remedy.

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