OWNERS AUTHORITY Sample Clauses

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including the Owner's statement of the amount of premiums the Owner has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The Insurer may rely on a sworn statement in form satisfactory to it furnished by the Owner, its successors or assigns, as to their interest and any payments made pursuant to such statement shall discharge the Bank accordingly.

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. The Insurer may rely on a sworn statement in form satisfactory to it furnished by the Owner, its successors or assigns, as to their interest, and any payments made pursuant to such statement shall discharge the Insurer accordingly. The owner accepts and agrees to this split dollar endorsement. Any transferee's rights shall be subject to this Endorsement. The undersigned is signing in a representative capacity and warrants that he or she has the authority to bind the entity on whose behalf this document is being executed. Signed at Wilmington, North Carolina, this 17th day of January, 2002. COOPERATIVE BANK FOR SAVINGS By /s/ Frederick Willetts, III ----------------------------------------------- Title President ----------------------------------------------- ACCEPTANCE AND BENEFICIARY DESIGNATION -------------------------------------- The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following as beneficiary(s) of the portion of the proceeds described in paragraph (2) above:

OWNERS AUTHORITY. OWNER has the final authority in all matters affecting the work. OWNER has the authority to enforce CONTRACTOR’s compliance with the Contract Documents. OWNER’s decision is final and binding on all questions relating to: quantities; acceptability of material, equipment, or work; execution, progress, or sequence of work; and interpretation of the Contract Documents. All labor, materials, tools, equipment furnished by CONTRACTOR and all work performed by CONTRACTOR shall be subject to OWNER’s approval.

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner's claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee's rights shall be subject to this Endorsement. The owner accepts and agrees to this split dollar endorsement. Signed at ____________________, California, this _______ day of ______________, 2000. TRUST: _____________________________________ _____________________________________ [Name of Trust] By __________________________________ Its Trustee By __________________________________ Its Trustee 276 The Executive's Trust accepts and agrees to the foregoing as direct beneficiary of the portion of the proceeds described in paragraph (2) above. Signed at ____________________, California, this ________ day of _____________, 2000. TRUST: _____________________________________ _____________________________________ [Name of Trust] By __________________________________ Its Trustee By __________________________________ Its Trustee ▇▇▇▇▇▇▇▇ ▇ SIX RIVERS NATIONAL BANK SPLIT DOLLAR AGREEMENT THIS AGREEMENT is made and entered into this _________ day of _________________, 2000, by and between HARRIS TRUST & SAVINGS BANK P▇▇▇▇▇▇L TRUST AND ASSET MANAGEMENT as Trustee(s) of the NORTH VALLEY BANCORP UMBRELLA TRUST FOR EXECUTIVES dated May 10, 1995 (the "Rabbi Trust"), and _____________________________________ as Trustee(s) of the _______________________________________________________________________________ dated _________________________ (the "Executive's Trust"). This Agreement shall append the Split Dollar Endorsement entered into on __________________, 2000, or as subsequently amended, by and between the aforementioned parties. INTRODUCTION

OWNERS AUTHORITY. Owner shall retain full care, custody and control of the Vessel including final authority with respect to the management and operation of the Vessel, including any determination regarding conditions affecting the safety of its crew and passengers, and the safe navigation of the Vessel.

OWNERS AUTHORITY. Owner represents and warrants that it has full power, authority and legal right to execute, deliver and perform this Agreement.

OWNERS AUTHORITY. Owner is the sole fee simple owner of the Property including the subsurface estate thereof, and has the unrestricted right and authority to execute this Agreement and to grant to Tenant the rights granted hereunder. Each person signing this Agreement on behalf of Owner is authorized to do so. Upon execution by all Parties hereto, this Agreement shall constitute a valid and binding agreement enforceable against Owner in accordance with its terms. Each person/entity comprising Owner, as listed in the preamble to this Agreement, owns the fractional interest in the Property set forth below: Fractional Ownership:

OWNERS AUTHORITY. Owner has the full power and authority, and has complied with all public hearing and other procedural requirements, needed to enter into and consummate this Option Agreement, and any Ground Lease Agreement with respect to its ownership interest in the Property.

OWNERS AUTHORITY. Owner is the sole owner of the Property and has the unrestricted right and authority to execute this Agreement and to grant to ▇▇▇▇▇▇ the rights granted hereunder. Each person signing this Agreement on behalf of Owner is authorized to do so. When signed by Owner, this Agreement constitutes a valid and binding agreement enforceable against Owner in accordance with its terms.