Powers of the Agent. 7.1 The Name hereby authorises the Agent to exercise on his behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power:
Powers of the Agent. The Corporate Member hereby authorises the Agent to exercise on its behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power:
Powers of the Agent. The Corporate Member hereby authorises the Agent to exercise on its behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power: Underwriting
(a) to conduct the Underwriting subject to the provisions of clauses 4.1 and 4.2 but otherwise in such manner as the Agent in its sole discretion sees fit;
(b) to enter into contracts of insurance on behalf of the Corporate Member and the other members of the Managed Syndicate;
(c) without prejudice to paragraph (d) below, to enter on behalf of the Corporate Member and the other members of the Managed Syndicate into contracts to reinsure any risks insured by any contract entered into under paragraph (b) above;
Powers of the Agent. The Name hereby authorises the Agent to exercise on his behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power: Underwriting
(a) to conduct the Underwriting subject to the provisions of clauses 4.1 and 4.2 but otherwise in such manner as the Agent in its sole discretion sees fit;
(b) to enter into contracts of insurance on behalf of the Name and the other members of the Managed Syndicate;
(c) without prejudice to paragraph (d) below, to enter on behalf of the Name and the other members of the Managed Syndicate into contracts to reinsure any risks insured by any contract entered into under paragraph (b) above;
(d) on behalf of the members of the Managed Syndicate for a year of account (‘‘the earlier year’’) including, if applicable, the Name (‘‘the reinsured members’’) and on behalf of the members of the Managed Syndicate for the next succeeding or any later year of account (‘‘the later year’’), including, if applicable, the Name (‘‘the reinsuring members’’), to effect in accordance with clause 9.1 a contract of reinsurance to close under which:
(i) the reinsuring members agree to indemnify the reinsured members against all known and unknown liabilities of the reinsured members arising out of insurance business underwritten through the Managed Syndicate and allocated to the earlier year; and
(ii) the reinsured members assign to the reinsuring members all the rights of the reinsured members arising out of or in connection with that insurance business (including without limitation the right to receive all future premiums, recoveries and other monies receivable in connection with that insurance business); and to debit the reinsured members and credit the reinsuring members with such reinsurance premium in respect of the reinsurance to close as the Agent, subject to any requirements of the Council, thinks fair;
Powers of the Agent. 3.1 The Agent has the power indicated in Part C of this Account Authority in respect of the relevant Water Allocation Account.
3.2 Items A to H in Part C of this Account Authority confer the following powers, respectively:
A: The power to act on behalf of the Customer in respect of water delivery, stormwater disposal, water quality, notification of weed spraying or construction works.
B: The power to act on behalf of the Customer in respect of water orders, including placing and changing water order.
C: The power to act on behalf of the Customer in respect of Annual Transfers.
D: The power to act on behalf of the Customer in respect of transactions on the Company’s Water Exchange, including listing Tradeable Rights from the Water Allocation Account on the Company’s Water Exchange, selling Tradeable Rights through the Company’s Water Exchange, purchasing Tradeable Rights through the Company’s Water Exchange and transferring them to the Water Allocation Account. Tradeable Rights has the meaning given to that term in the Water Exchange Terms and Conditions.
E: The power to act on behalf of the Customer in respect of obtaining information in respect of the Water Allocation in the Water Allocation Account.
F: The power to act on behalf of the Customer in respect of obtaining information in respect of the Water Allocation Account, Landholding, Water Entitlements and mapping.
G: The power to act on behalf of the Customer in respect of Charges, including making payments to the Company and reviewing the outstanding balance of Charges owed by the Customer to the Company.
H: The power to act on behalf of the Customer in respect of all matters contemplated by the Environment Rules (including rice growing and total farm water balance).
Powers of the Agent. Except as otherwise expressly provided for in this Agreement, and subject to the provisions of Section 8.11. hereof, the Agent shall have the right, in its sole discretion, in each instance: (a) to grant or withhold approvals under the Loan Documents; (b) to exercise or refrain from exercising any rights which the Agent or the Lenders may have with respect to the obligations, the Loan Documents, or with respect to any of the collateral hereunder; and (c) including, without limitation, the right to:
(i) Receive, review and process all documents, certificates, opinions, insurance policies, reports, requisitions and other materials of every nature and description submitted by, or on behalf of, the Borrower or any other party;
(ii) Enforce all of the rights, remedies and privileges afforded or available to the Lenders under the terms of this Agreement and the other Loan Documents, any opinion, certificates, warranties, representations or insurance policies furnished by or on behalf of the Borrower or any other party (but only after election to declare an Event or Events of Default and/or to accelerate amounts outstanding under the Loan Documents as provided in this Agreement); and
(iii) Do or refrain from doing all such other acts as may be reasonably necessary or incident to the implementation, administration or servicing of the Loan Documents and the enforcement of the rights and remedies of the Lenders.
Powers of the Agent. Except as otherwise expressly provided for in this Agreement, and subject to the provisions of Section 8.11 hereof; the Agent shall have the right, in its sole discretion, in each instance: (a) to grant or withhold approvals under the Loan Documents; (b) to exercise or refrain from exercising any rights which the Agent or the Lenders may have with respect to the obligations, the Loan Documents, or with respect to any of the collateral hereunder; and (c) including, without limitation, the right to:
Powers of the Agent. 8.1 At any time after the occurrence of an Event of Default which Event of Default is continuing, or if requested by the Chargor:
(a) the Agent and any nominee of the Agent wheresoever situate may without further notice and without any of the restrictions contained in section 103 of the Law of Property Xxx 0000, whether or not it shall have appointed a Receiver, in respect of all or any of the Shares exercise all the powers and rights which may be exercisable by the registered holder of the Shares and all other powers conferred on mortgagees by the Law of Property Xxx 0000 as hereby varied or extended and all the powers and discretions conferred by this Security Deed; and
(b) any dividends, interest or other payments which may be received or receivable by the Agent or by any nominee in respect of any of the Shares may be applied by the Agent as though they were proceeds of sale.
8.2 The restriction on the right of consolidating mortgage securities contained in section 93 of the Law of Property Act 1925 shall not apply to this Security Deed.
8.3 In exercising the power referred to in Clause 9 the Shares or any part thereof may be sold or disposed of at such times in such manner and generally on such terms and conditions and for such consideration as the Agent may think fit. Any such sale or disposition may be for cash, debentures or other obligations, shares, stock, securities or other valuable consideration and be payable immediately by instalments spread over such period as the Agent shall think fit. No purchaser or other person shall be bound or concerned to see or enquire whether the right of the Agent to exercise any of the powers hereby conferred has arisen or not or be concerned with notice to the contrary or with the propriety of the exercise of purported exercise of such powers.
8.4 All money received by the Agent in the exercise of any powers conferred by this Security Deed shall be applied, after payment of all costs and expenses incurred in the exercise of such power and after the discharge of all liabilities having priority thereto, in or towards satisfaction of the Secured Obligations in such order as the Agent in its absolute discretion may from time to time determine.
8.5 The Agent shall not be liable to account as mortgagee in possession in respect of all or any of the Shares, save in the event of its gross negligence or wilful default, and shall not be liable for any loss upon realisation or for any neglect or default to present any intere...
Powers of the Agent. The Agent is authorized and empowered to:
a. Hold assets in its name, as Agent for Authority, in the name of a nominee selected by the Agent or at recognized securities depositories.
b. Make disbursements from Accounts in accordance with Section 1(c).
c. The Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken by the Agent in accordance with the advice of counsel or other professionals retained or consulted by the Agent. The Agent shall be reimbursed as set forth in Section 4 for any and all compensation (fees, expenses and other costs) paid and/or reimbursed to such counsel and/or professionals. The Agent may perform and all of its duties through its agents, representatives, attorneys, custodians, and/or nominees.
d. Make, execute, acknowledge and deliver any and all documents of transfer and conveyance and other instruments that may be necessary or appropriate to carry out its duties and powers.
Powers of the Agent. 10.2.1. The Administrative Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Administrative Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Administrative Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Administrative Agent.
10.2.2. The Collateral Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Collateral Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Collateral Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Collateral Agent.
