Authorizations and Instructions Clause Samples
The 'Authorizations and Instructions' clause defines the authority granted by one party to another to act on their behalf or to follow specific directions within the scope of the agreement. Typically, this clause outlines the types of actions the authorized party may take, such as making payments, accessing information, or performing administrative tasks, and may specify any limitations or conditions on these powers. Its core practical function is to ensure that all parties are clear about who has the legal right to act or make decisions, thereby reducing confusion and potential disputes over authority during the execution of the contract.
Authorizations and Instructions. The Lenders party thereto, which collectively constitute the Required Lenders, hereby instruct and authorize the Administrative Agent, solely in its capacity as the Administrative Agent, to execute and deliver on the Effective Date (i) the new Term Intercreditor Agreement in the form of Exhibit B hereto, (ii) the amendment to the existing ABL/Term Loan Intercreditor Agreement in the form of Exhibit C hereto and (iii) the amendment to the Guarantee and Collateral Agreement in the form of Exhibit D hereto.
Authorizations and Instructions. General
10.1. GGCC does not engage in trading activities on behalf of clients. Henceforth We will not accept Orders or instructions through any other means, such as email, unless we have specifically agreed to do so.
10.2. GGCC agreeing to provide trading platform and limited services, you acknowledge that GGCC is not obliged to accept/implement such instructions andwill not be liable to you or any other party should such instructions be unauthorized, forged or fraudulently given.
10.3. It is possible for a third party to place Orders on your behalf as an Authorized Person, provided that a written Power of Attorney has been received and accepted by us. GGCC is entitled to act upon instructions which are, or appear to be, from you or an Authorized Person. It is your sole responsibility to notify GGCC in writing if you wish to revoke the Power of Attorney.
10.4. Persons may also be appointed as Authorized Persons where they are an employee or director of a corporate entity via an Authorized Persons list. GGCC is under no obligation to accept any instruction that is not made by an Authorized Person or to enquire as to the identity of any person providing the instruction if it reasonably believes the person is an Authorized Person.
10.5. GGCC will not be liable for any act or omission as a result of an instruction which it reasonably believes has come from an Authorized Person or any person acting or purporting to act on your behalf who is not listed as an Authorized Person.
10.6. You will be responsible for all Orders, and for the accuracy of any information, sent via the internet or on the Trading Platform using your name, password or any other personal identification means implemented to identify you. You are therefore obliged to keep all passwords secret and ensure that third parties do not obtain access to your Trading Account.
10.7. GGCC may, in its discretion refuse to act upon any Orders placed.
10.8. If you hold a Joint Account, GGCC may act on instructions received from either Trading Account holder.
10.9. GGCC operates without dealing desk and does not any orders or trades behalf of clients. All transactions are automatically conducted based on the client’s direct instructions, and GGCC or employee of GGCC does not assume any responsibility for the execution of trades beyond facilitations the transmission of the client orders. Order or instructions will be only accepted through the designated trading platform. GGCC will not accept any order or instr...
Authorizations and Instructions act, or fail to act, in a manner which may result in the violation of any laws or regulations.
Authorizations and Instructions. The Lenders party hereto, which collectively constitute the Required Lenders, hereby instruct and authorize the Agent, solely in its capacity as the Administrative Agent, to execute and deliver on the Amendment Effective Date the Intercreditor Agreement in the form of Exhibit B hereto.
Authorizations and Instructions. Effective immediately upon their execution of this Amendment, the Lenders party thereto, which collectively constitute the Required Lenders, hereby authorize the Agent, in its discretion, to defer issuing directions to implement the sweeping of ledger balances in the Dominion Accounts of the Borrowers to a date not later than February 22, 2019 if a Dominion Trigger Period occurs prior to such date and the Amendment Effective Date has not yet occurred. The Lenders party thereto, which collectively constitute the Required Lenders, hereby instruct and authorize the Agent, solely in its capacity as the Administrative Agent, to execute and deliver on the Amendment Effective Date the Second Amendment to Intercreditor Agreement in the form of Exhibit B hereto.