Common use of Reliance on Authority of Person Signing Agreement Clause in Contracts

Reliance on Authority of Person Signing Agreement. If a Party is not a natural person, neither the Corporation nor any other Party will (i) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (ii) be responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such entity.

Appears in 5 contracts

Samples: Registration Rights Agreement, Registration Rights Agreement, Registration Rights Agreement (Laureate Education, Inc.)

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Reliance on Authority of Person Signing Agreement. If a Party is not ------------------------------------------------- a natural personPerson, neither the Corporation Company nor any other Party will (i) shall be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (ii) be responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such entity.

Appears in 2 contracts

Samples: Stockholders' Agreement (Telemundo Holding Inc), Stockholders' Agreement (Telemundo Holding Inc)

Reliance on Authority of Person Signing Agreement. If a Party party is not a natural personPerson, neither the Corporation Company nor any other Party will (i) party shall be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (ii) be responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such entity.

Appears in 1 contract

Samples: Stockholders' Agreement (Telemundo Holding Inc)

Reliance on Authority of Person Signing Agreement. If a Party is not a natural person, neither the Corporation Company nor any other Party will (i) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (ii) be responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such entity.

Appears in 1 contract

Samples: Registration Rights Agreement (MBOW Four Star, L.L.C.)

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Reliance on Authority of Person Signing Agreement. If a Party is not a natural person, neither the Corporation nor any then no other Party will (ia) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (iib) be responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such entity.

Appears in 1 contract

Samples: Agreement of Association

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