Individuals Authority Clause Samples
The Individuals Authority clause defines the extent to which a person or representative is authorized to act on behalf of a party in a contract. It typically specifies who within an organization or group has the legal power to make decisions, sign agreements, or bind the party to contractual obligations. For example, it may clarify that only certain officers or designated employees can execute documents or approve transactions. This clause ensures that all parties are clear about who has legitimate authority, thereby reducing the risk of unauthorized commitments and potential disputes over the validity of actions taken under the contract.
Individuals Authority. The individual(s) executing this Agreement and the instruments referenced herein on behalf of Buyer has the legal power, right, and actual authority to bind Buyer to the terms and conditions hereof and thereof.
Individuals Authority. The individuals executing this Agreement and the instruments referenced herein on behalf of CBL/OP have the legal power, right, and actual authority to bind CBL/OP to the terms and conditions hereof and thereof.
Individuals Authority. The individuals executing this Agreement and the instruments referenced herein on behalf of Property Owner and each Contributor that is not a natural person have the legal power, right, and actual authority to bind Property Owner or such Contributor to the terms and conditions hereof and thereof.
Individuals Authority. The individual(s) executing this Agreement and the instruments referenced herein on behalf of NetREIT or the Partnership has the legal power, right, and actual authority to bind NetREIT or the Partnership, as the case may be, to the terms and conditions hereof and thereof.
Individuals Authority. The individual(s) executing this Agreement and the instruments referenced herein on behalf of LGI De has the legal power, right, and actual authority to bind LGI De to the terms and conditions hereof and thereof.
Individuals Authority. Each Individual has all necessary power and, as of the Closing Date, will be duly authorized to perform his or her obligations under this Agreement and the other documents, agreements and certificates executed and delivered by each in connection with the Transactions. Those Individuals signing as a custodian for any other Individual are, as of the date hereof, duly authorized to execute this Agreement on behalf of such other Individual and have provided to the Buyer documentation satisfactory in form and substance evidencing such authority.