Common use of Rights and Obligations of the Agent Clause in Contracts

Rights and Obligations of the Agent. 2.1. Under this Agreement, the Agent shall be obliged: 2.1.1. To perform legal and actual actions provided for in clause 1.1. of this Agreement in order to fulfill the instructions of the Principal. 2.1.2. To receive payments from the Principal, and transfer the funds received from the Principal to the Suppliers’ bank accounts in accordance with Clause 4 of this Agreement. 2.1.3. To receive payments from the Customers, and transfer the funds received from the Customers to the Principal’s bank account in accordance with Clause 4 of this Agreement. 2.1.4. Тo provide the Principal with Reports on the execution of the Assignments according to the procedure specified in Clause 5 of the present Agreement; 2.

Rights and Obligations of the Agent. 2.11. Under this Agreement, the Agent shall be obliged: 2.1.1. To perform legal and actual actions provided for in clause 1.1. of this Agreement in order to fulfill the instructions of the Principal. 2.1.2. To receive payments from the Principal, and transfer the funds received from the Principal to the Suppliers’ bank accounts in accordance with Clause 4 of this Agreement. 2.1.3. To receive payments from the Customers, and transfer the funds received from the Customers to the Principal’s bank account in accordance with Clause 4 of this Agreement. 2.1.4. Тo provide the Principal with Reports on the execution of the Assignments according to the procedure specified in Clause 5 of the present Agreement; 2.