Representation by each Agent Sample Clauses
The 'Representation by each Agent' clause requires each agent involved in an agreement to formally declare certain facts or assurances about their authority, status, or ability to enter into the contract. Typically, this means each agent confirms they are duly authorized to act on behalf of their principal and that their actions are legally binding. For example, an agent might represent that they have obtained all necessary approvals or that they are not restricted by any conflicting obligations. This clause serves to ensure that all parties can rely on the agents' authority, reducing the risk of disputes over whether an agent had the power to act and thereby promoting contractual certainty.
Representation by each Agent. Each Agent represents and warrants that it is duly qualified to assume its obligations under this Agreement and has obtained all necessary approvals required to execute, deliver and perform its obligations under this Agreement.
Representation by each Agent. Each Agent represents and warrants that:
(a) (Qualified): it is duly qualified to assume its obligations under this Agreement and has obtained all necessary approvals required to execute, deliver and perform its obligations under this Agreement; and
(b) (Legal proceedings): there are no actions, suits or proceedings pending, or to the best of the knowledge of an Authorised Officer of the Agent, threatened against the Agent before any court or any governmental authority which, if determined adversely to it, would materially and adversely, affect its ability, either in its individual capacity or as the Agent, as the case may be, to perform its obligations under this Agreement.
Representation by each Agent. Each Agent represents and warrants that it is duly qualified to assume its obligations under this Agreement and has obtained all necessary approvals required to execute, deliver and perform its obligations under this Agreement. -------------------------------------------------------------------------------- 12. FEES AND EXPENSES
12.1 [PAYMENT OF FEE The Issuer Trustee will pay to each Agent during the period that any of the Class [ ] Notes remain outstanding the administration fee separately agreed by that Agent and the Issuer Trustee. If the appointment of an Agent is terminated under this Agreement, the Agent must refund to the Issuer Trustee that proportion of the fee (if any) which relates to the period during which the Agent's appointment is terminated.]