Implied Authority Sample Clauses

Implied Authority. Pursuant to subsection C of § 23.1-1006 of the Act, the only implied authority granted to the University by this management agreement is that implied authority that is actually necessary to carry out the expressed grant of financial or operational authority contained in this agreement or in the policies adopted by the University's board of visitors and attached hereto as Exhibits A through F.
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Implied Authority. Pursuant to subsection C of § 23.1-1006 of the Act, the only
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Implied Authority. An implied authority for a person to receive information on behalf of a customer can be taken to be in place where it is apparent that the person receiving the information is acting in the best interests of the customer, and that an express authority would be provided if circumstances allowed. The person will normally be a doctor, social or welfare worker. The Centrelink staff member should be aware of the validity of the third party’s claim to be acting for a customer. Each case must be judged on its merits and, where there is any doubt, the customer must be contacted and asked to provide express authority. ∗ a SAAP client who is engaged with both parties ∗ A Centrelink customer who requires the services of the other party. Protocol1 - is an agreement between agencies to enable all parties to gain maximum benefits and outcomes. POI - Proof of identity. SAAP - Supported Accommodation Assistance Program 2.
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Implied Authority. Implied authority is authority that you are assumed to have but is not expressly granted in your agent contract. Implied authority is secondary to express authority because not every detail can be written into the agent’s agreement. For example, the agency agreement may not specifically authorize you to have your customers pay their premiums at your office. If you allow this regularly and the insurer accepts the premiums, your authority to do so is implied.
Sample 1
Implied Authority. There is an implied authority that any partner can act on behalf of the firm. The firm stands bound by the acts of partners.
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Related to Implied Authority

  • Limited Authority The Manager shall have only such authority to purchase, sell, transfer or otherwise acquire or dispose of Investments for the Account of the Principal and the Participants as is specifically provided for in this Agreement. Specifically, and without limitation of the foregoing sentence, the Manager shall not have (a) except as set forth in Section 7 above, the authority to commingle any investments in the Account with the general assets of the Manager or any other person, (b) the duty to advise the Principal or its representatives as to the value of any Investment (except to the extent expressly provided herein) or the advisability of acquiring or disposing of any Investment or to provide analysis of any Investment to the Principal or its representatives, (c) the authority to acquire Investments issued, assumed, guaranteed or insured by the Principal or any affiliate of the Principal, (d) the authority to borrow or incur indebtedness for borrowed money, except for securities lending and reverse repurchase transactions, as defined in Indiana law that meet the requirements of the Indiana Insurance Code, (e) the authority to permit the aggregate value of Investments then loaned or sold to, purchased from or invested in any one business entity to exceed ten (10%) percent of the total assets in the Account, nor (f) the authority to exceed the aggregate limitations for authorized investments by Principal set forth in the Indiana Insurance Code. For purposes of this Agreement, “business entity” means a corporation, limited liability company, association, partnership, joint stock company, joint venture, mutual fund trust, or other similar form of business organization whether organized as for-profit or not-for-profit.

  • Power and Authority The Servicer has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement have been duly authorized by the Servicer by all necessary corporate action.

  • Requisite Power and Authority Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

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