Bank’s Authority. Employee agrees to observe and comply with the Bank's rules and regulations as adopted by the Board of Directors regarding performance of his duties and to carry out and to perform orders, directions and policies stated by the Board of Directors to him periodically, either orally or in writing.
Bank’s Authority. The Banks are authorized to make the Credit ---------------- Facility in accordance with the Credit Documents. The Executed Documents, and the transactions evidenced thereby, are valid, binding and enforceable with regard to the Banks and/or any other parties executing the Executed Documents other that the Mortgagor and the Lessee.
Bank’s Authority. Each Grantor agrees at its expense to sign and deliver any notices, documents, financing statements and other papers and take any actions as requested by the Bank to protect, perfect and enforce its rights under this Agreement and the Collateral. Each Grantor expressly appoints the Bank as it’s attorney-in-fact to sign same and act on its behalf as the Bank deems necessary or desirable for such protection, perfection and enforcement.
Bank’s Authority. Bank shall be fully protected in: (a) before receipt at the Banking Office of a Blocked Account Notice and from and after withdrawal by Secured Party of such Blocked Account Notice, acting upon any Orders concerning the Deposit Account which it reasonably believes to have been given by Principal or Depositor; (b) after receipt at the Banking Office of a Blocked Account Notice, acting upon any Orders which it reasonably believes to have been given by Secured Party under this Agreement without making any inquiry as to Secured Party’s right or authority to give such Orders or as to the application by Secured Party of any payment made pursuant thereto; (c) disclosing to Secured Party such information concerning the Deposit Account including, copies of periodic statements, daily balances, information regarding withdrawals and deposits and correspondence between Bank and Principal and/or Depositor concerning the Deposit Account, as Secured Party may from time to time request; it being understood that Bank shall provide such information to Secured Party promptly after such request, whether or not such request is made prior to, on or after the Effective Time; and (d) until given Orders to the contrary by Secured Party, continuing to pay interest earned on the Deposit Account in accordance with Depositor’s or Principal’s instructions. Anything in this Agreement to the contrary notwithstanding, Bank’s only obligation after receipt of a Blocked Account Notice is to follow Secured Party’s Orders with respect to the Deposit Account. After receipt of a Blocked Account Notice, Bank, upon at least twenty (20) days’ written notice to Secured Party, may decline to accept deposits to the Deposit Account.
Bank’s Authority. The Bank is hereby authorised (but shall not be obliged) to exercise the following powers and act either by itself or through its nominee companies (“Nominees”) or its Agents in the following manner in its sole discretion without prior reference or notice to you:
Bank’s Authority. The Banks are authorized to make the Credit ---------------- Facility in accordance with the Credit Documents. The Executed Documents, and the transactions evidenced thereby, are valid, binding and enforceable with regard to the EXHIBIT "II" [LETTERHEAD OF XXXXX & LARDNER} July ______, 1996 Societe Generale, Southwest Agency 0000 Xxxx Xxxxxx, Suite 4900 Dallas, Texas 75201 Bank One, Texas, N.A. 0000 Xxxx Xxxxxx, 0xx Xxxxx Xxxx Xxxxxx Xxxxxxxxxx Xxxxxx, Xxxxx 00000 Battle Xxxxxx LLP 00 Xxxx 00xx Xxxxxx Xxx Xxxx, XX 00000 Re: Credit Facility (the "Credit Facility") of up to $100,000,000.00 to AMERICAN GENERAL HOSPITALITY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (the "Borrower") pursuant to a Credit Agreement (the "Credit Agreement") by and between the Borrower; SOCIETE GENERALE, a French banking corporation acting through its Southwest Agency, as Structuring Agent (the "Structuring Agent"); BANK ONE, TEXAS, N.A., as Administrative Agent (the "Administrative Agent"); and the banks and other financial institution party thereto (collectively referred to herein as the "Banks").
Bank’s Authority. The Banks are authorized to make the ---------------- Credit Facility in accordance with the Credit Documents. The Credit Documents, and the transactions evidenced thereby, are valid, binding and enforceable with regard to the Banks and/or any other parties executing the Credit Documents (other than the Mortgagor and the Lessee to the extent to which we are opining as to the Security Documents as provided in Section 2(a) and as to the Lessee Assignment of Leases as provided in Section 2(b) above) and all of such parties hold all necessary licenses, permits and approvals to engage in the subject transactions and have complied with all applicable laws, rules, regulations and orders in connection with, and which allows them to engage in, the subject transactions.
Bank’s Authority. The Bank has the absolute discretion to withdraw the Card and/or the services thereby provided or amend or supplement any of the above Terms and Condition at any time without prior notice to the Cardholder. All authorizations and power conferred on the Bank by regulatory or statutory authority and in accordance with Applicable Law are irrevocable. The Card is the property of the Bank and must be returned to an authorized person of the Bank on request or surrender the Card to the Bank in the event of the Cardholder no longer requiring the services or is directed to do so by the Bank. The Bank shall have the right to not return the application, the photographs, information and documents submitted by the Cardholder/Corporate. The Bank shall, without notice to or without any consent of the Cardholder, be absolutely entitled and have full right, power and authority to make disclosure of any information relating to Cardholder including personal information, details in relation to documents, products/services offered, defaults, security, obligations of Cardholder, to the Credit Information Bureau of India (CIBIL) and/or any other governmental/regulatory/statutory or private agency/entity, credit bureau, RBI, the Bank other branches/subsidiaries/affiliates/rating agencies, service providers, other banks/financial institutions, any third parties, any assignees/potential assignees of transferees, who may need the information and may process the information, publish in such manner and through such medium as may be deemed necessary by the publisher/Bank/RBI, including publishing the name as part of willful defaulter’s list from time to time. The Bank shall have the right to make use of the information of the Cardholder for the purpose of KYC information verification, credit risk analysis, or for other related purposes. In this connection, the Cardholder waives the privilege of privacy and privacy of contract. The Bank shall have the right, without notice to or without any consent of the Cardholder to approach, make enquiries, obtain information, from any person including other banks/finance entities/credit bureaus, Cardholder’s Corporate/family members, any other person related to the Cardholder, to obtain any information for assessing track record, credit risk, or for establishing contact with the Cardholder or for the purpose of recovery of dues from the Cardholder. In the event of any disagreement or dispute between Bank and the Cardholder and Corporate regarding t...
Bank’s Authority. Executive agrees to observe and comply with the Bank’s rules and regulations as adopted by the Board of Directors regarding performance of his duties and to carry out and to perform orders, directions and policies stated by the Board of Directors to him periodically, either orally or in writing.
Bank’s Authority. If any Obligor fails to claim or prove in the liquidation or bankruptcy of any other Obligor promptly upon being directed to do so by the Bank as contemplated by Clause 19.7.4:
19.8.1 the Bank may, and is irrevocably authorised on behalf of such Obligor to, file any claims or proofs in such liquidation or bankruptcy on its behalf; and
19.8.2 the trustee in bankruptcy, liquidator, assignee or other person distributing the assets of any Obligor or their proceeds is directed to pay distributions on the obligations or liabilities of such Obligor direct to the Bank until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full.
