Common use of Power of Attorney: Ratification Clause in Contracts

Power of Attorney: Ratification. The Company ratifies and confirms and agrees to ratify and confirm all acts and things which any attorney mentioned in this Clause shall do or purport to do in exercise of the powers granted by this Clause save where such attorney is acting with wilful misconduct or gross negligence as determined by a court of competent jurisdiction in a final and non-appealable judgment.

Appears in 1 contract

Samples: Credit Agreement (Skype S.a r.l.)

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Power of Attorney: Ratification. The Company ratifies and confirms and agrees to ratify and confirm all acts and things which any attorney mentioned in this Clause shall do 15 (Power of attorney and delegation) does or purport purports to do in exercise of the powers granted by this Clause save where Clause. All moneys expended by any such attorney is acting with wilful misconduct or gross negligence as determined shall be deemed to be expenses incurred by a court of competent jurisdiction in a final and non-appealable judgmentthe Secured Party under this Agreement.

Appears in 1 contract

Samples: Supplemental Deed of Amendment and Restatement (Endeavour International Corp)

Power of Attorney: Ratification. The Company ratifies and confirms and agrees to ratify and confirm all acts and things which any attorney mentioned in this Clause shall do 15 (Power of attorney and delegation) does or purport purports to do in exercise of the powers granted by this Clause save where Clause. All moneys expended by any such attorney is acting with wilful misconduct or gross negligence as determined shall be deemed to be expenses incurred by a court of competent jurisdiction in a final and non-appealable judgmentthe Collateral Agent under this Debenture.

Appears in 1 contract

Samples: Credit Agreement (Endeavour International Corp)

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Power of Attorney: Ratification. The Company ratifies and confirms and agrees to ratify and confirm all acts and things which any attorney mentioned in this Clause 12 (Power of attorney and delegation) shall do or purport to do in exercise of the powers granted by this Clause save where Clause. All monies expended by any such attorney is acting with wilful misconduct or gross negligence as determined shall be deemed to be expenses incurred by a court of competent jurisdiction in a final and non-appealable judgmentthe Collateral Agent under this Deed.

Appears in 1 contract

Samples: Credit Agreement (Endeavour International Corp)

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