Bank’s Authority Sample Clauses

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.
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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.
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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.
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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...
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Bank’s Authority. F11.1 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:
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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").
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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.
Sample 1
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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.
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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:
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Related to Bank’s Authority

  • Pledgor’s Authority No authorization, approval or action by, and no notice or filing with any Governmental Authority or with the issuer of any Pledged Stock is required either (i) for the pledge made by a Pledgor or for the granting of the security interest by a Pledgor pursuant to this Pledge Agreement or (ii) for the exercise by the Agent or the Lenders of their rights and remedies hereunder (except as may be required by laws affecting the offering and sale of securities).

  • OWNERS AUTHORITY 7. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including the Owner's statement of the amount of premiums the Owner has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The Insurer may rely on a sworn statement in form satisfactory to it furnished by the Owner, its successors or assigns, as to their interest and any payments made pursuant to such statement shall discharge the Bank accordingly.

  • Managers Authority We authorize you, acting as Manager, to (i) negotiate, execute and deliver the Underwriting Agreement, (ii) exercise all authority and discretion granted by the Underwriting Agreement and take all action you deem desirable in connection with this Agreement and the Underwriting Agreement including, but not limited to, waiving performance or satisfaction by the Company, any selling security holder or any other party to the Underwriting Agreement of its or their obligations or conditions included in the Underwriting Agreement or the Terms Communication (including this Agreement), if in your judgment such waiver will not have a material adverse effect upon the interests of the Underwriters and exercising any right of cancellation or termination, (iii) modify, vary or waive any provision in the Underwriting Agreement except the amount of Our Securities or the purchase price (except you may determine the price by Formula Pricing where applicable), (iv) determine the timing and the terms of the Offering (including varying the offering terms and the concessions and discounts to dealers), (v) exercise any option relating to the purchase of Option Securities, and (vi) take all action you deem desirable in connection with the Offering and the purchase, carrying, sale and distribution of the Securities. If there are other Managers with respect to an Offering, you may take any action hereunder alone on behalf of the Managers, and our representations, agreements and authorizations given herein shall also be for the benefit of such other Manager to whom you may grant any of your authority to act hereunder. You may arrange for the purchase by others, who may include your or other Underwriters, of any Securities not taken up by an Underwriter in respect of its obligations hereunder who defaults under this Agreement and/or the Underwriting Agreement. We will assume our proportionate share of all defaulted obligations not assumed by others and any Securities so assumed shall be included in Our Securities. However, nothing in this paragraph will affect our liability or obligations in the event of a default by us or any other Underwriter(s). You may advertise the Offering as you determine and determine all matters relating to communications with dealers or others. We will not advertise the Offering without your consent, and we assume all expense and risk with respect to any advertising by us. Notwithstanding any information you furnish as to jurisdictions where you believe the Securities may be sold, you have no obligation for qualification of the Securities for sale under the laws of any jurisdiction. You may file a New York Further State Notice. You have no liability to us except for your own lack of good faith in meeting obligations expressly assumed by you hereunder.

  • Seller’s Authority Seller has full power to execute and deliver this Agreement and all related documents, and to carry out the transactions contemplated herein. This Agreement is valid, binding and enforceable against Seller in accordance with its terms except as such enforceability may be limited by creditors' rights, laws and applicable principles of equity. Each individual executing this Agreement on behalf of Seller represents and warrants to Buyer that he or she is duly authorized to do so and thereby to bind Seller.

  • Instructions; Authority to Act The Servicer shall be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by a Trust Officer of the Indenture Trustee.

  • Borrower's Authorization Borrower shall have provided in form and substance satisfactory to Lender properly certified resolutions, duly authorizing the execution and delivery of this Agreement, the Note and the Related Documents. In addition, Borrower shall have provided such other resolutions, authorizations, documents and instruments as Lender or its counsel, may require.

  • Authorization; No Conflicts; Authority This Agreement has been duly authorized, executed and delivered by the Company, and constitutes a valid, legal and binding obligation of the Company, enforceable in accordance with its terms, except as rights to indemnity hereunder may be limited by federal or state securities laws and except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the rights of creditors generally and subject to general principles of equity. The execution, delivery and performance of this Agreement and the consummation of the transactions herein contemplated will not (A) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or any of its subsidiaries is a party or by which the Company or any of its subsidiaries is bound or to which any of the property or assets of the Company or any of its subsidiaries is subject, (B) result in any violation of the provisions of the Company’s charter or by-laws or (C) result in the violation of any law or statute or any judgment, order, rule, regulation or decree of any court or arbitrator or federal, state, local or foreign governmental agency or regulatory authority having jurisdiction over the Company or any of its subsidiaries or any of their properties or assets (each, a “Governmental Authority”), except in the case of clause (A) as would not result in a Material Adverse Effect. No consent, approval, authorization or order of, or registration or filing with any Governmental Authority is required for the execution, delivery and performance of this Agreement or for the consummation of the transactions contemplated hereby, including the issuance or sale of the Securities by the Company, except such as may be required under the Act, the rules of the Financial Industry Regulatory Authority (“FINRA”) or state securities or blue sky laws; and the Company has full power and authority to enter into this Agreement and to consummate the transactions contemplated hereby, including the authorization, issuance and sale of the Securities as contemplated by this Agreement.

  • Tenant’s Authority If Tenant signs as a corporation, partnership, trust or other legal entity each of the persons executing this Lease on behalf of Tenant represents and warrants that Tenant has been and is qualified to do business in the state in which the Building is located, that the entity has full right and authority to enter into this Lease, and that all persons signing on behalf of the entity were authorized to do so by appropriate actions. Tenant agrees to deliver to Landlord, simultaneously with the delivery of this Lease, a corporate resolution, proof of due authorization by partners, opinion of counsel or other appropriate documentation reasonably acceptable to Landlord evidencing the due authorization of Tenant to enter into this Lease.

  • General Authority The Owner Trustee is authorized and directed to execute and deliver the Basic Documents to which the Trust is to be a party and each certificate or other document attached as an exhibit to or contemplated by the Basic Documents to which the Trust is to be a party and any amendment or other agreement or instrument described herein, as evidenced conclusively by the Owner Trustee's execution thereof. In addition to the foregoing, the Owner Trustee is authorized, but shall not be obligated, except as otherwise provided in this Trust Agreement, to take all actions required of the Trust pursuant to the Basic Documents.

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