Designation of Authorized Officers Sample Clauses

Designation of Authorized Officers. The Seller shall have delivered to Buyer an officer's certificate, attested to by the Secretary of the Seller, stating the names and showing the facsimile signatures of the officers of Seller authorized to execute and deliver this Agreement; endorse Note(s), Mortgage(s) and Assignment(s); and authorize the bank accounts for Buyer to utilize for funding Loans.
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Designation of Authorized Officers. The Borrower shall have delivered to Lender an officer's certificate, attested to by the Secretary of the Borrower stating the names and showing the facsimile signatures of the officers of Borrower authorized to execute and deliver this Agreement, Borrower's Note and any other instrument, document or certificate executed in connection herewith.
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Designation of Authorized Officers. The Lender shall at all times employ at least two (2) persons (both having the authority to enter into commitments or proposals for credits similar in size and scope to the Eligible Credits) who are designated as authorized officers (each, an “Authorized Officer”). At least one of the Authorized Officers shall be, at a minimum, a senior officer with management responsibility for the Lender’s trade finance program(s). All Authorized Officers shall have completed the Ex-Im Bank “Medium Term Delegated Authority Lender” training course except that the senior officer is not required to take such training as long as two (2) other Authorized Officers have taken such training. For each Authorized Officer, Xxxxxx shall provide Ex-Im Bank with a completed Authorized Officer Designation Notice. The Lender shall ensure that at least one Authorized Officer signs (a) each Delegated Authority Notice, (b) any other documents required by this Agreement and (c) any amendments or waivers with respect to any of the foregoing.
Sample 1
Designation of Authorized Officers. Lender shall at all times employ at least two (2) persons (both having the authority to enter into commitments or proposals for loans similar in size and scope to the Loan Facility) who are designated as Authorized Officers. In the case of “High Plus” or “Super” Level Lenders, at least one of the Authorized Officers shall hold the position of Senior Vice President (or the equivalent) or higher. All Authorized Officers shall have completed the EXIM Bank "Delegated Authority Lender" training course (or any EXIM Bank-approved alternate training course) except that the Senior Vice President is not required to take such training as long as two (2) other Authorized Officers have taken such training. For each Authorized Officer, Xxxxxx shall provide EXIM Bank with a completed Authorized Officer Designation Notice in the form of Annex B to this Agreement. Each Loan Authorization Notice, amendment thereto, waiver or other side letter that modifies the terms of Lender Obligations in relation to a Loan Facility issued under Xxxxxx’s Delegated Authority shall be signed by at least one Authorized Officer who has taken the EXIM Bank training; provided that in the case of a Loan Facility issued by a “High Plus” or “Super” Level Lender with a Maximum Amount over Five Million Dollars ($5,000,000), a minimum of two (2) Authorized Officers, one holding the position of Senior Vice President or higher, shall duly execute the Loan Authorization Notice. Notwithstanding these minimum standards, Xxxxxx shall assume full responsibility to insure that signatories have proper authority to bind Lender on the Loan Documents they sign. If Lender elects to withdraw the authority of any Authorized Officer (which Lender may do in its sole discretion for any reason), Lender shall send promptly to EXIM Bank written notice of such action. If Xxxxxx has less than two (2) Authorized Officers who have taken the EXIM Bank training for a period of four (4) months, Xxxxxx’s right to make new Credit Accommodations under existing Loan Facilities and to issue new Loan Facilities shall be suspended automatically (unless otherwise agreed in writing by EXIM Bank) until at least two (2) Authorized Officers meet this requirement.. Any such suspension shall not affect the validity and continued effectiveness of the Guarantee for any Credit Accommodations made prior to suspension of Xxxxxx’s rights hereunder.
Sample 1
Designation of Authorized Officers. Lender shall at all times employ at least one (1) person at the Vice President level or higher, (an “Authorized Officer”). All Authorized Officers shall have completed the Ex-Im Bank "Delegated Authority Lender" training course (or any Ex-Im Bank-approved alternate training course). For each Authorized Officer, Xxxxxx shall provide Ex-Im Bank with a completed Authorized Officer Designation Notice in the form of Annex B to this Agreement. An Authorized Officer must approve in writing any Loan Facility made in connection with the exercise of Xxxxxx's Delegated Authority. If Lender elects to withdraw the authority of any Authorized Officer (which Lender may do in its sole discretion for any reason), Lender shall send promptly to Ex-Im Bank written notice of such action. If Lender has less than one (1) Authorized Officer, Xxxxxx’s Delegated Authority shall be suspended automatically (unless such suspension is waived in writing by Ex-Im Bank) until at least one (1) Authorized Officer has been designated by Xxxxxx. Any such suspension shall not affect the validity and continued effectiveness of the Guarantee for any Credit Accomodations made prior to suspension of Lender’s rights herunder.
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Designation of Authorized Officers. Except when otherwise expressly provided in this Agreement, any Written Notification to be delivered or furnished by Zenith or Riscorp shall be sufficiently executed if executed in the name of Zenith or Riscorp by such officer or officers of Zenith or Riscorp or by such other agent or agents of Zenith or Riscorp as may be designated in a resolution certified, or a letter of advice executed, by an authorized officer of Zenith or Riscorp. Written notice of such designation by Zenith or Riscorp shall be filed with the Trustee. The Trustee shall be protected in acting upon any Written Notification made by such officer or agent of Zenith or Riscorp with respect to the authority conferred on him.
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Designation of Authorized Officers. Lender shall at all times employ at least one
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Related to Designation of Authorized Officers

  • Authorized Officers The execution of any certificate requirement hereunder by an Authorized Officer shall be considered to have been done solely in such Authorized Officer’s capacity as an officer of the applicable Credit Party (and not individually). Notwithstanding anything to the contrary set forth herein, the Secured Parties shall be entitled to rely and act on any certificate, notice or other document delivered by or on behalf of any Person purporting to be an Authorized Officer of a Credit Party and shall have no duty to inquire as to the actual incumbency or authority of such Person.

  • Election of Officers; Delegation of Authority The Member may, from time to time, designate one or more officers with such titles as may be designated by the Member to act in the name of the Company with such authority as may be delegated to such officers by the Member (each such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Member. Any action taken by an Officer designated by the Member pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her.

  • Certificate of Authentication Only such Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed by the Trustee by the manual signature of one of its authorized officers, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. The execution of such certificate by the Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture.

  • Termination of Authority Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

  • Representation of Authority Each individual executing this Agreement on behalf of a party hereto hereby represents and warrants that he or she is, on the date he or she signs this Agreement, duly authorized by all necessary and appropriate action to execute this Agreement on behalf of such party and does so with full legal authority.

  • Form of Trustee’s Certificate of Authentication The Trustee’s certificates of authentication shall be in substantially the following form: This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture. [Trustee], as Trustee By: Authorized Officer

  • Delegation of Authority The General Partner may delegate any or all of its powers, rights and obligations hereunder, and may appoint, employ, contract or otherwise deal with any Person for the transaction of the business of the Partnership, which Person may, under supervision of the General Partner, perform any acts or services for the Partnership as the General Partner may approve.

  • Certificate of Authority The Trust, the Adviser and the Sub-Adviser shall furnish to each other from time to time certified copies of the resolutions of their Boards of Trustees/Directors or executive committees, as the case may be, evidencing the authority of officers and employees who are authorized to act on behalf of the Trust, a Fund Account, the Adviser and/or the Sub-Adviser.

  • Authorized Officer (i) With respect to the Issuing Entity, any officer or agent acting under power of attorney of the Owner Trustee who is authorized to act for the Owner Trustee in matters relating to the Issuing Entity and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter) or the power of attorney and, so long as the Administration Agreement is in effect, any officer of the Administrator who is authorized to act for the Administrator in matters relating to the Issuing Entity and to be acted upon by the Administrator pursuant to the Administration Agreement and who is identified on the list of Authorized Officers delivered by the Administrator to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter) and (ii) with respect to the Servicer, any officer or agent of the Servicer who is authorized to act for the Servicer in matters relating to the Servicer or the Issuing Entity and to be acted upon by the Servicer pursuant to the Servicing Agreement.

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