Powers; Endorsements Clause Samples

The "Powers; Endorsements" clause defines the authority granted to a party, typically allowing them to act on behalf of another party in specific matters, such as signing documents or endorsing negotiable instruments. In practice, this clause may permit an agent or representative to execute contracts, deposit checks, or otherwise handle transactions that require formal authorization. Its core function is to ensure that necessary actions can be taken efficiently and legally by designated individuals, thereby facilitating smooth business operations and reducing administrative delays.
Powers; Endorsements. Concurrently with the delivery to the Agent of each certificate representing Pledged Equity, Holdings shall deliver an undated stock power covering such certificate, duly executed in blank by Holdings.
Powers; Endorsements. To the extent the Pledged Equity is certificated, concurrently with the delivery to the Administrative Agent of each certificate representing one or more units of Pledged Equity, each Pledgor shall deliver an undated unit power covering such certificate, duly executed in blank by such Pledgor.