Contracts authorized Sample Clauses
The "Contracts authorized" clause defines the authority granted to a party or parties to enter into binding agreements on behalf of an organization or entity. Typically, this clause specifies which individuals or roles are empowered to negotiate, execute, or amend contracts, and may outline any limitations or required approvals for such actions. By clearly delineating who has contractual authority, the clause helps prevent unauthorized commitments and ensures that only designated representatives can legally bind the organization, thereby reducing the risk of disputes over contract validity.
Contracts authorized. An agricultural association may contract with any member for the member’s exclusive sale to or through it, of all or any part of the member’s agricultural products or other designated commodities. Such contracts may permit the association to take and sell the property without acquiring title thereto, and pay the member the sale price less costs and expenses of selling, which may include the member’s pro rata portion of the association’s annual outlay for overhead, interest, preferred dividends, reserves or other specified charges. Such contracts must be for a specified time, not less than one year. Each contract shall fix a period of at least ten days during each year after the first, within which either party may terminate it without affecting any liability previously accrued.
Contracts authorized. The Common Council of the City of Ashland is hereby authorized to contract with neighboring cities, towns, villages, and other municipalities to provide City of Ashland fire equipment and/or personnel in the event of fire emergency. 246.03. Resolutions. Contracts such as those described in section 246.02 shall be authorized and embodied in a Resolution of the Common Council of the City of Ashland and shall consist of terms negotiated with each individual municipality.
Contracts authorized. With respect to all material Contracts --------------------- that will survive Closing, (i) each has been duly authorized, executed and delivered by Seller, (ii) each is in full force and effect, (iii) neither Seller nor, to the knowledge of Seller, any other party to such contracts (aa) is, or as a result of the transaction contemplated herein will be, in breach of or default, or with the lapse of time or the giving of notice, or both, would be in breach or default, with respect to any of its obligations thereunder or (bb) has given or threatened to give notice of any default under or inquiry into any possible default under, or action to alter, terminate, rescind or procure a judicial reformation of any such contract, and (iv) Seller does not anticipate that any other party to any such contract will be in breach of or default under or repudiate any of its obligations thereunder.