Duties and Obligations of the Agent. (a) The Agent will serve in a "best efforts" capacity in the offering, sale and distribution of the Shares. The Agent may offer the Shares as an agent, but all sales shall be made by the Company acting through the Agent as an agent, and not by the Agent as a principal. The Agent shall have no authority to appoint any person or other entity as an agent or sub-agent of the Agent or the Company, except to appoint Soliciting Dealers acceptable to the Company.
Duties and Obligations of the Agent. The Agent, in performance of its duties and obligations under this Agreement, undertakes to:
Duties and Obligations of the Agent. Each Holder irrevocably authorizes the Agent to take such action on such Xxxxxx’s behalf and to exercise such powers, rights and remedies and perform such duties hereunder and under the other Note Documents as are specifically delegated or granted to the Agent by the terms hereof and thereof, together with such actions, powers, rights and remedies as are reasonably incidental thereto. The Agent shall have only those duties and responsibilities that are expressly specified herein and the other Note Documents. Without limiting the generality of the foregoing, the Agent shall not have or be deemed to have, by reason hereof or any of the other Note Documents, a fiduciary relationship in respect of any Holder; and nothing herein or any of the other Note Documents, expressed or implied, is intended to or shall be so construed as to impose upon the Agent any obligations in respect hereof or any of the other Note Documents except as expressly set forth herein or therein.
Duties and Obligations of the Agent. The sole selling agent shall have the exclusive right to procure orders from the territories allotted. The sole selling agent shall also have the right to make cash as well as credit sales. But the credit sales shall be on sole risk and responsibility of the sole selling agent. The sole selling agent shall have full right to operate in the entire territory for which he has been appointed sole selling, either directly or indirectly or through its branch offices or sub-agents, to give effect to this agreement. The sole selling agent shall get over riding commission of [[Percent]] % on all sales made by the sole selling agent in his territory whether directly or indirectly. The sole selling agent shall engage himself fully in promoting the business of the company to the best of his ability and capacity, honestly and diligently and shall not engage himself directly or indirectly in the sale of similar or identical products of any other person. That the sole selling agent shall preserve and protect the trade mark, patent and design of the company and shall not allow anyone to use the same unauthorisingly. The sole selling agent shall maintain complete account of sales, purchase, and stock in hand and shall submit complete report of the same to the company quarterly. The sole selling agent shall not enter into any obligation relating to payment either in cash or kind on behalf of the company without written consent of the company for the same. The sole selling agent shall keep the company informed from time to time regarding increase or decrease of the demand of the products of the company in his area. The company shall provide to the sole selling agent the catalogue, instruction books, price list, advertisement material for promoting the sales. MANDATORY OBLIGATIONS OF THE PARTIES. Paper publicity, hoardings, cinema slides, etc. shall be done by the sole selling agent on the pattern of the company, for which the company shall pay all the charges to the sole selling agent on presentation of the bills;
Duties and Obligations of the Agent. The canvassing shall be done by the agent in order to procure orders and push the sale of the products in his areas. The agent shall secure orders for Rs [[Amount]] directly or indirectly at least in a year commencing from the date of this agreement. The agent shall furnish weekly return to the manufacturer of the orders secured, the work done, the persons approached and canvassed during the previous week. The agent shall submit orders received to the manufacturer within [[No. of days]] days from the date of its booking. The agent shall deposit all the money received by him in the account of the manufacturer and submit the weekly report on every [[Day]]. The agent shall not represent the manufacturer directly or indirectly except on instructions issued by the manufacturer from time to time. All the orders procured or business done by the agent shall be in accordance with the terms and conditions mentioned in the Schedule attached herewith subject to alteration or modification issued by the manufacturer from time to time. All the orders procured or business done by the agent shall be in accordance with the terms and conditions mentioned in the Schedule attached herewith subject to alteration or modification issued by the manufacturer from time to time. The agent shall not do directly or indirectly any other business of commission agent of any other company. The agent shall get a commission of [[Percent]] % on all orders procured by the agent directly or indirectly. The said commission shall be payable on [[Time]] basis at the end of every [[Time]] On termination of this agreement, for whatsoever reason, the agent shall not be entitled to receive any commission from the manufacturer on the orders received thereafter. The agent shall be responsible for all the payments for the goods supplied on the orders received by the agent. The agent is required to deposit a cash security of Rs[[Amount]] with the manufacturer. This security shall remain with the manufacturer during the continuance of this agreement. The annual interest on security shall be paid by the manufacturer to the agent @ [[Percent]] % per annum. MANDATORY OBLIGATIONS OF THE PARTIES The agent shall employ sub-agent, salesman, clerk, accountant, etc. at his own cost. However the manufacturer shall bear the cost of advertisements in the newspaper, magazines, Radio and Television, etc.;
