Ratification of actions of attorney. For the avoidance of doubt and without limiting the generality of Clause 10.1, the Owner confirms that Clause 10.1 authorises the Mortgagee to execute on its behalf a document ratifying any transaction or action which the Mortgagee has purported to enter into or to take and which the Mortgagee considers was or might have been outside its powers or otherwise invalid.
Appears in 5 contracts
Samples: Mortgage Agreement (Knightsbridge Tankers LTD), Mortgage Agreement (Knightsbridge Tankers LTD), Mortgage Agreement (Knightsbridge Tankers LTD)
Ratification of actions of attorney. For the avoidance of doubt and without limiting the generality of Clause 10.1, the Owner confirms that Clause 10.1 authorises the Mortgagee to execute on its behalf a document ratifying any transaction or action which the Mortgagee has purported to enter into or to take and which the Mortgagee considers was or might have been outside its his powers or otherwise invalid.
Appears in 2 contracts
Samples: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)
Ratification of actions of attorney. For the avoidance of doubt and without limiting the generality of Clause 10.114.1, the Owner confirms that Clause 10.1 authorises 14.1 authorizes the Mortgagee to execute on its behalf a document ratifying any transaction or action which the Mortgagee has purported to enter into or to take and which the Mortgagee considers was or might have been outside its powers or otherwise invalid.
Appears in 1 contract
