Authorization to Close Sample Clauses

The 'Authorization to Close' clause grants specific parties the legal authority to complete and finalize a transaction, such as a real estate sale or business acquisition. This clause typically designates who is empowered to sign closing documents, disburse funds, and take any necessary actions to effectuate the closing on behalf of the parties involved. By clearly identifying who can act at closing, the clause ensures that the transaction proceeds smoothly and prevents disputes or delays caused by uncertainty over who has the right to finalize the deal.
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Authorization to Close. Due to the special nature of this Escrow ---------------------- Agreement, Escrow Holder, at Escrow Holder's option, reserves the right to require notice from the parties, prior to close, confirming that all conditions which affect Escrow Holder's ability to close this escrow, have been either satisfied or removed.
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Authorization to Close. Sandbox's obligation to issue the April 1997 Warrant is conditioned upon its receipt of a consent and waiver from the Investors that are parties to the Investors Rights Agreement in form and substance acceptable to such Investors and Sandbox.
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Authorization to Close. The Parties recognize that Seller is, as of the date of this Agreement, an involuntarily dissolved corporation by the Montana Secretary of State. Buyer’s obligation to close shall be contingent upon Seller obtaining the requisite legal authority to sell and convey the assets to Buyer per the terms of this Agreement.
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Authorization to Close. The Escrow Company is hereby authorized to close the escrow only if and when: (i) the Escrow Company has received all items to be delivered by Seller and Buyer into escrow with the Escrow Company pursuant to Section 11; (ii) the Title Company has irrevocably committed to issue the Title Policies concurrently with the Closing; and (iii) the Escrow Company has received written authorization from Buyer and Seller, or their respective representatives or attorneys, to close the escrow.
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Related to Authorization to Close

  • Authorization to Sell You are to offer and sell shares only at the regular public price currently determined by the respective Funds in the manner described in their offering Prospectuses. This Agreement on your part runs to us and to the respective Funds and is for the benefit of and enforceable by each. The offering Prospectuses and this Agreement set forth the terms applicable to members of the Selling Group and all other representations or documents are subordinate. You understand that Class 529 shares of the Funds are available only as underlying investments through the Program.

  • Authorization to File Borrower hereby authorizes Bank to file UCC financing statements without notice to Borrower, with all appropriate jurisdictions, as Bank deems appropriate, in order to further perfect or protect Bank’s interest in the Collateral, including a notice that any disposition of the Collateral, by either the Borrower or any other Person, shall be deemed to violate the rights of the Bank under the Code.

  • Condition to Closing Buyer acknowledges and agrees that the Closing is contingent upon the closing of the IPO, and that if, for whatever reason, the IPO is not completed, the Company shall not be obligated to issue and sell the Restricted Shares and Buyer shall not be required to purchase the Restricted Shares and this Agreement may be terminated in accordance with Section 5(k) below.

  • Authorization to Proceed A fully executed and approved authorization in the form of Attachment 6 to this Agreement, Authorization to Proceed (“ATP”) accompanied by an executed purchase order document issued by the Owner to the Project Consultant, authorizing the performance of specific professional services, authorizing commencement of a Phase as defined in Article 2.1 through Article 2.8, and stating the time for completion and the amount of fee authorized for such services.

  • Authorization; Approvals The issuance of the Policy and the execution, delivery and performance of this Agreement and the Insurance Agreement have been duly authorized by all necessary corporate proceedings. No further approvals or filings of any kind, including, without limitation, any further approvals of or further filings with any governmental agency or other governmental authority, or any approval of the Insurer’s board of directors or stockholders, are necessary for the Policy, this Agreement and the Insurance Agreement to constitute the legal, valid and binding obligations of the Insurer.