Authorization by Vendor Sample Clauses
The 'Authorization by Vendor' clause establishes that the vendor must grant explicit permission before certain actions related to the contract or the vendor's products or services can be taken. Typically, this means that the customer or other parties cannot proceed with modifications, sublicensing, or third-party disclosures without the vendor's prior written approval. For example, if a client wishes to use the vendor's software in a new way or share proprietary information with another company, they must first obtain the vendor's consent. This clause serves to protect the vendor's intellectual property and business interests by ensuring they retain control over how their products or services are used or distributed.
Authorization by Vendor. Subject to the granting of the Approval and Vesting Order, the execution and delivery of this Agreement and all other agreements and instruments to be executed by it as contemplated herein and the completion of the transactions contemplated by this Agreement and all such other agreements and instruments have been duly authorized by all necessary corporate action on the part of the Vendor.
Authorization by Vendor. The Vendor has the corporate power, authority and capacity to enter into this Agreement and all other agreements and instruments to be executed by it as contemplated by this Agreement and to carry out its obligations under this Agreement and such other agreements and instruments. The execution and delivery of this Agreement and such other agreements and instruments and the completion of the transactions contemplated by this Agreement and such other agreements and instruments have been duly authorized by all necessary corporate action on the part of the Vendor.