Irrevocable Authorization Sample Clauses

Irrevocable Authorization. Pursuant to the provisions of the Auction Rules for capacities allocation on the Slovenia-Croatia border and in accordance with the rules and regulations of the system operator, Elektro- Slovenija, d.o.o., (company name) , represented by hereby issues to the company ELEKTRO-SLOVENIJA, d.o.o., Xxxxxxxxxx 0, 0000 Xxxxxxxxx, the following for the unrestricted disposal of funds deposited on subaccount no. XX00000000000000000 of deposit transaction account no. XX00000000000000000 held by ELEKTRO-SLOVENIJA, d.o.o., Xxxxxxxxxx 0, 0000 Xxxxxxxxx. Bank and account number: - the number of the account (IBAN): XX00000000000000000 - bank address: UniCredit Banka Slovenija d.d., Xxxxxxxxxx 000, 0000 Xxxxxxxxx - SWIFT (BIC) code: XXXXXX00. Place: , Date: (Stamp and signature of representative of auctions participant)
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Irrevocable Authorization. Each Grantor hereby irrevocably authorizes and directs each person who shall be a party to or liable for the performance of any of the Agreements, upon receipt of written notice from the Collateral Agent to the effect that an Event of Default has occurred and is continuing, to attorn to the Collateral Agent as owner under such Agreement and to pay, observe and otherwise perform the obligations under such Agreement to or for the Collateral Agent or the Collateral Agent's designee as though the Collateral Agent or such designee were the Grantor named in such Agreement, and to continue to do so until otherwise notified by the Collateral Agent. The Collateral Agent shall simultaneously provide the Borrower with a copy of any such notification given by the Collateral Agent pursuant to this Section 7.04, provided that the failure to do so shall not affect the Collateral Agent's rights under this Agreement.
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Irrevocable Authorization. Pledgor hereby authorizes and instructs the issuer of the Pledged Interests to comply with any instruction received by it from Pledgee in writing that (a) states that an Event of Default has occurred hereunder and (b) is otherwise in accordance with the terms of this Amended and Restated Pledge Agreement, without any other or further instructions from Pledgor, and Pledgor agrees that the issuer of the Pledged Interests shall be fully protected in so complying.
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Irrevocable Authorization. Each Grantor hereby irrevocably authorizes and directs each person who shall be a party to or liable for the performance of any of the Agreements, upon receipt of written notice from the Collateral Agent to the effect that an Event of Default has occurred and
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Irrevocable Authorization. Except as otherwise expressly provided herein, each Grantor hereby irrevocably authorizes and directs each person who shall be a party to or liable for the performance of any of the Assigned Contracts, upon receipt of written notice from the Collateral Agent to the effect that a Default or Event of Default exists and is continuing, to attorn to or otherwise recognize the Collateral Agent as owner under the Assigned Contracts and to pay, observe and otherwise perform the obligations under the Assigned Contracts to or for the Collateral Agent or the Collateral Agent's designee as though the Collateral Agent or such designee were the Grantors named in the Assigned Contracts, and to continue to do so until otherwise notified by the Collateral Agent. The Collateral Agent shall provide the Grantors with a copy of any such notification; PROVIDED, HOWEVER, that the failure to do so shall not affect the Collateral Agent's rights under this Collateral Assignment.
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Irrevocable Authorization. 15.11.1 The said instructions and authorizations in this Letter of Undertaking, including, but not exclusively, that in this Section 15 and in Section 16 and 17 below, are irrevocable, cannot be altered or cancelled without the prior written consent of the Bank and are binding upon us and all of our successors, because the Bank's rights are dependent on them, including the rights under this Section 15. 15.11.2 Without derogating from the generality of the above-said, the instructions and authorizations as stated in this Section 15 are further to any other or additional instruction, in this Letter of Undertaking. 15.11.3 Should any right of setoff of the Bank be realized against an asset which is not a monetary right of ours towards the Bank, then irrevocable authorization is given to the Bank to realize the asset or to sell it or to convert it into cash or to carry out any other action in order to receive the consideration for such, and the consideration received after deduction of all taxes, costs and expenses, fees, commissions and other payments, is for the repayment of our debts and the execution of setoff. 15.11.4 The said irrevocable authorization also vests, for the purpose of realizing the pledge, and this is without derogating from any other instruction.
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Related to Irrevocable Authorization

  • Power and Authority; Due Authorization The Servicer has all necessary power and authority to (i) execute and deliver this Agreement and the other Transaction Documents to which it is a party and (ii) perform its obligations under this Agreement and the other Transaction Documents to which it is a party and the execution, delivery and performance of, and the consummation of the transactions provided for in, this Agreement and the other Transaction Documents to which it is a party have been duly authorized by the Servicer by all necessary action.

  • Required Authorizations There is no requirement to make any filing with, give any notice to, or obtain any Authorization of, any Governmental Entity as a condition to the lawful completion of the transactions contemplated by this Agreement.

  • Authorization for Agreement The execution and performance of this ---------------------------- Agreement by Licensee and Manager have been duly authorized by all necessary laws, resolutions or corporate action, and this Agreement constitutes the valid and enforceable obligations of Licensee and Manager in accordance with its terms except as such enforceability may be limited by creditors rights laws and general principles of equity.

  • Board Authorization Prior to delivering notice of the proposed terms of an Agency Transaction or a Principal Transaction pursuant to Section 1 (or at such time as otherwise agreed between the Company and the Agents), the Company shall have (i) obtained from its board of directors thereof all necessary corporate authority for the sale of the Shares pursuant to the relevant Agency Transaction or Principal Transaction, as the case may be, and (ii) provided to the Agents a copy of the relevant board resolutions or other authority.

  • Power and Authority; Due Authorization; Execution and Delivery The execution and delivery by such Seller Party of this Agreement and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder and, in the case of Seller, Seller’s use of the proceeds of Purchases made hereunder, are within its powers and authority, corporate or otherwise, and have been duly authorized by all necessary action, corporate or otherwise, on its part. This Agreement and each other Transaction Document to which such Seller Party is a party has been duly executed and delivered by such Seller Party.

  • Overtime Authorization All overtime will be authorized in advance by the

  • Authorization and Consent The Government has given its authorization and consent for all use and manufacture of any invention described in and covered by a patent of the United States in the performance of this Agreement or any part hereof or any amendment hereto or any subcontract hereunder (including any lower-tier subcontract) which is expected to exceed $100,000.

  • Power; Due Authorization; Binding Agreement The Stockholder has all requisite legal capacity, power and authority to execute and deliver this Agreement, to perform his obligations under this Agreement, and to consummate the transactions contemplated by this Agreement. This Agreement has been duly and validly executed and delivered by the Stockholder and constitutes a valid and binding agreement of the Stockholder, enforceable against the Stockholder in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws relating to or affecting the enforcement of creditors rights generally and equitable principles of general applicability.

  • Corporate Authorization (a) MTI has the requisite corporate power and authority to execute and deliver this Agreement and, subject to MTI Stockholder Approval, to consummate the MTI Merger and the other transactions contemplated hereby and to perform its obligations hereunder. The execution, delivery and performance by MTI of this Agreement, and the consummation by MTI of the MTI Merger and the other transactions contemplated hereby, have been duly and validly authorized by the MTI Board and, except for obtaining MTI Stockholder Approval, no other corporate proceedings on the part of MTI are necessary to authorize this Agreement or to consummate the transactions contemplated hereby or to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by MTI and, assuming this Agreement constitutes the legal, valid and binding agreement of EVI, Parent, Merger Sub E, and Merger Sub M, constitutes a legal, valid and binding agreement of MTI, enforceable against MTI in accordance with its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws, now or hereafter in effect, affecting creditors’ rights generally and by general principles of equity. (b) The MTI Board (at a meeting or meetings duly called and held, at which all directors of MTI were present or participated and voted) has unanimously adopted resolutions (i) declaring that this Agreement, the MTI Merger, and the other transactions contemplated hereby are advisable and in the best interests of MTI’s stockholders, (ii) approving and declaring advisable this Agreement, the MTI Merger and the other transactions contemplated by this Agreement, (iii) declaring that the MTI Merger Consideration to be paid to MTI’s stockholders is fair to such stockholders, (iv) resolving to recommend adoption of this Agreement by the stockholders of MTI and (v) directing that the adoption of this Agreement, the Merger and the other transactions contemplated hereby be submitted to a vote of MTI’s stockholders at MTI Stockholder Meeting, and, as of the date of this Agreement, such resolutions have not been subsequently rescinded, modified or withdrawn in any way.

  • Authorization, Etc This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

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