Authorization to Magna Clause Samples

The 'Authorization to Magna' clause grants Magna the legal authority to act on behalf of another party in specified matters. Typically, this clause allows Magna to perform actions such as signing documents, making decisions, or accessing information that would otherwise require the direct involvement or consent of the authorizing party. By formalizing this delegation of authority, the clause streamlines processes and ensures that Magna can efficiently carry out necessary tasks without repeated approvals, thereby reducing administrative delays and clarifying the scope of Magna's permitted actions.
Authorization to Magna. In accordance with the provisions of the Securities Regulations (Signature and Electronic Reporting), 5763- 2003, the Trustee hereby authorizes the party authorized for this on behalf of the Company, to electronically report to the Securities Authority of this Deed of Trust, the engagement and the signature thereon inasmuch as it is required by law. I the undersigned Odeya Brick-▇▇▇▇▇▇, Adv. confirm that this Deed of Trust was signed by Ellomay Capital Ltd. via Messrs. ▇▇▇▇▇▇ ▇▇▇▇▇▇ and Ran ▇▇▇▇▇▇▇▇ and their signature binds Ellomay Capital Ltd. with respect to this Deed of Trust.
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Authorization to Magna. In accordance with the provisions of the Securities Regulations (Signature and Electronic Reporting), 5763- 2003, the Trustee hereby authorizes the party authorized for this on behalf of the Company, to electronically report to the Securities Authority of this Deed of Trust, the engagement and the signature thereon inasmuch as it is required by law. I the undersigned Odeya Brick-Z▇▇▇▇▇, Adv. confirm that this Deed of Trust was signed by Ellomay Capital Ltd. via Messrs. S▇▇▇▇▇ ▇▇▇▇▇▇ and Ran F▇▇▇▇▇▇▇ and their signature binds Ellomay Capital Ltd. with respect to this Deed of Trust. The issue of a series of registered debentures (series B), bearing annual interest of ___ not linked (Principal and interest) that shall be repaid in 6 annual non-equal installments on June 30th in each of the years 2019 to 2024 (inclusive) as follows: on each of the four principal payments in 2019 to 2022 (inclusive) a rate of 15% of the principal shall be paid, and on each of the principal payments in 2023 to 2024 (inclusive) a rate of 20% of the principal shall be paid. The interest on the debentures (series B) shall be paid twice a year, on June 30 and on December 31 of each of the years 2017 to 2024 (inclusive) from the date of issuance of the debentures (series B) and until their final repayment on June 30, 2024. Number ____ Nominal value in NIS _________ 1. This Debenture indicates that Ellomay Capital Ltd. (the “Company”) shall pay at the payment date as defined in the terms on the other side of the page, to whomever shall be a Debenture Holder on the record date, payments of Principal and interest, all subject to the terms on the other side of the page and the Deed of Trust. 2. This Debenture is issued as part of the series of the debentures under terms that are identical to this debenture (the “Debenture Series”), that are issued in accordance with the Deed of Trust (“Deed of Trust) dated March __, 2017, which was signed between the Company and Hermetic Trusts (1975) Ltd. (“Hermetic”). It is clarified that the provisions of the Deed of Trust shall constitute an integral part of the provisions of this Debenture, and they shall bind the Company and the Debenture Holders included in this series. All the Debenture Holders of this series shall have equal priority among themselves (pari–passu) without anyone having right of priority over the other. 3. This Debenture is issued subject to the terms set forth on the other side of the page and in the Deed of Trust, which constitu...
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Authorization to Magna. By signing this Agreement the Pricing Underwriters authorizes the person authorized to use the electronic signature on behalf of the Company to report in his name in the Magna system about this Agreement and signing thereof.
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Related to Authorization to Magna

  • 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 Make Loans Agent and each Lender is authorized to make the Loans and provide the Letter of Credit Accommodations based upon telephonic or other instructions received from anyone purporting to be an officer of a Borrower or other authorized person or, at the discretion of Agent or any Lender, if such Loans are necessary to satisfy any Obligations; provided, that, proceeds of Loans shall be remitted by Agent and the Lenders to accounts designated by Borrowers in writing, which accounts shall be accounts of Borrowers unless otherwise agreed by Agent. All requests for Loans or Letter of Credit Accommodations hereunder shall specify the date on which the requested advance is to be made or Letter of Credit Accommodations established (which day shall be a Business Day) and the amount of the requested Loan. Requests received at or before 10:30 a.m. (Los Angeles time) on any Business Day shall be deemed to have been made as of such Business Day. Requests received on any day that is not a Business Day or received after 10:30 a.m. (Los Angeles time) on any Business Day shall be deemed to have been made as of the opening of business on the immediately following Business Day. Subject to the terms and conditions of this Agreement, Agent and the Lenders will make the Loans or commence arranging for the Letter of Credit Accommodations (as requested by Borrowers) on the Business Day the request is deemed to have been made or such later Business Day as may be specified by Borrowers. All Loans and Letter of Credit Accommodations under this Agreement shall be conclusively presumed to have been made to, and at the request of and for the benefit of, Borrowers when deposited to the credit of Borrowers or otherwise disbursed or established in accordance with the instructions of Borrowers or in accordance with the terms and conditions of this Agreement.

  • 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 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.

  • AUTHORIZATION TO SUPPLEMENT If any Grantor shall obtain rights to any new trademarks, the provisions of this Trademark Security Agreement shall automatically apply thereto. Grantors shall give prompt notice in writing to Agent with respect to any such new trademarks or renewal or extension of any trademark registration. Without limiting Grantors’ obligations under this Section, Grantors hereby authorize Agent unilaterally to modify this Trademark Security Agreement by amending Schedule I to include any such new trademark rights of each Grantor. Notwithstanding the foregoing, no failure to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from Agent’s continuing security interest in all Collateral, whether or not listed on Schedule I.