Common use of Binding Authority Clause in Contracts

Binding Authority. Dell confirms that it has been granted authority by the Insurer to bind the Insurer to an insurance policy with an eligible End User. Dell hereby delegates this binding authority to Partner, but Partner shall have no authority, express or implied: a) to bind the Insurer to any Insurance Product whose terms or conditions are not strictly the same as those agreed between Dell and the Insurer; or b) to agree or purport to agree to amend, vary or waive the eligibility requirements for an Insurance Product, the scope of Insurance cover, the exclusions, or any other term or condition of such insurance; or c) to represent to an End User or to a potential customer the terms and conditions of an Insurance Product differ from those agreed between Dell and the Insurer; or d) to describe the cover and benefits provided by an Insurance Product differently from those agreed between Dell and the Insurer; or e) to delegate such binding authority to any other party.