Common use of Delegation of Powers Clause in Contracts

Delegation of Powers. The Pledgee shall be entitled, at any time and as often as may be expedient, to delegate all or any of the powers and discretions vested in it by this Deed (including the power vested in it by virtue of clause 8) in such manner, upon such terms, and to such person as the Pledgee in its absolute discretion may think fit.

Appears in 4 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

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Delegation of Powers. The Pledgee shall be entitled, at any time and as often as may be expedient, to delegate all or any of the powers and discretions discretion vested in it by this Deed (including the power vested in it by virtue of clause 8) Agreement in such manner, upon such terms, terms and to such person as the Pledgee in its absolute discretion may think fit.

Appears in 4 contracts

Samples: Pledge Agreement (Flagstone Reinsurance Holdings LTD), Business Pledge Agreement (Hertz Corp), Share Pledge Agreement (Hertz Corp)

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Delegation of Powers. The Pledgee shall be entitled, at any time and as often as may be expedient, to delegate all or any of the powers and discretions discretion vested in it by by, this Deed (including the power vested in it by virtue of clause 8) Agreement in such manner, upon such terms, terms and to such person as the Pledgee in its absolute discretion may think fit.

Appears in 2 contracts

Samples: Floating Charge Agreement (Solutia Inc), Loan and Security Agreement (Allied Defense Group Inc)

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