Set-off authorised Sample Clauses

Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party under a Transaction Document, the Finance Party may: (a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party in or towards satisfaction of that amount; and (b) effect any currency conversion which may be required to make an application under clause 20.7(a).
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Set-off authorised. If a Transaction Party does not pay any part of the Amount Owing when due to a Holder, each Transaction Party authorises the Holder: (a) to apply the credit balance in any currency in any account of a Transaction Party with a branch or office of the Holder towards satisfaction of that amount; (b) in the name of a Transaction Party or of the Holder, to do any act or thing including, but not limited to, executing documents or effecting currency conversions which may be required to make an application under clause 14.7(a).
Sample 1
Set-off authorised. If an Event of Default subsists, a Senior Finance Party may: (a) apply any credit balance in any currency in any account of the Transaction Party with the Senior Finance Party in or towards satisfaction of that amount; and (b) effect any currency conversion which may be required to make an application under clause 20.7(a).
Sample 1
Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to the Lender under a Transaction Document, the Lender may: (a) apply any credit balance in any currency in any account of the Transaction Party with the Lender in or towards satisfaction of that amount; and (b) effect any currency conversion which may be required to make an application under clause 18.7(a).
Sample 1
Set-off authorised. If the Franchisee has not paid Healthy Life any amount due at any time payable to Healthy Life whether under this agreement or otherwise, Healthy Life may withhold payment and claim set off in respect of payments due to the Franchisee on any account.
Sample 1
Set-off authorised. If an Event of Default subsists, a Mezzanine Finance Party may: (a) apply any credit balance in any currency in any account of the Transaction Party with the Mezzanine Finance Party in or towards satisfaction of that amount; and (b) effect any currency conversion which may be required to make an application under clause 19.7(a).
Sample 1
Set-off authorised. If any Obligor has not paid any amount (including, but not limited to, principal, interest, fees, costs, expenses or taxes, whether contingent or otherwise) at any time due and payable by it to the Lender in respect of any Transaction Document, the Borrower authorises the Lender to apply any credit balance in any currency in any account of the Borrower with any branch or office of the Lender in and towards satisfaction of that amount.
Sample 1
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Set-off authorised. If a Transaction Party does not pay any part of the Secured Money when due to a Finance Party, the Borrower authorises that Finance Party in the name of a Transaction Party or of a Finance Party, to do any act or thing including, but not limited to, executing documents or effecting currency conversions which may be required.
Sample 1

Related to Set-off authorised

  • Lack of Authority No Member, other than the Manager or a duly appointed Officer, in each case in its capacity as such, has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditure on behalf of the Company. The Members hereby consent to the exercise by the Manager of the powers conferred on them by Law and this Agreement.

  • EXTENT OF AUTHORITY exercise a degree of autonomy; • control projects and/or programmes; • set outcomes for subordinates; • establish priorities and monitor workflow in areas of responsibility; • solutions to problems can generally be found in documented techniques, precedents and guidelines or instructions. Assistance is available when required.

  • Authorised Persons If § 3.4 (Authorised Persons) is specified as applying to a Party in the Election Sheet, Individual Contracts may be negotiated, confirmed and signed on behalf of that Party exclusively by those persons listed by it for such purposes as may be specified in an Annex to this General Agreement. Each Party may unilaterally amend and supplement in writing the list of persons currently authorised to act on its behalf at any time. Such amendments and supplements shall become effective upon their receipt by the other Party.

  • Set-Off, etc No Collateral Obligation has been compromised, adjusted, extended, satisfied, subordinated, rescinded, set-off or modified by the Borrower or the Obligor thereof, and no Collateral is subject to compromise, adjustment, extension, satisfaction, subordination, rescission, set-off, counterclaim, defense, abatement, suspension, deferment, deduction, reduction, termination or modification, whether arising out of transactions concerning the Collateral or otherwise, by the Borrower or the Obligor with respect thereto, except, in each case, pursuant to the Transaction Documents and for amendments, extensions and modifications, if any, to such Collateral otherwise permitted hereby.

  • Scope of Authority Committee meetings will be used for communications between the parties, to share information and to address concerns. The committee will have no authority to conduct any negotiations or modify any provision of this Agreement. The committee’s activities and discussions will not be subject to the grievance procedure in Article 30.

  • Authorised signatories The Authority shall require the Independent Engineer to designate and notify to the Authority and the Concessionaire up to 2 (two) persons employed in its firm to sign for and on behalf of the Independent Engineer, and any communication or document required to be signed by the Independent Engineer shall be valid and effective only if signed by any of the designated persons; provided that the Independent Engineer may, by notice in writing, substitute any of the designated persons by any of its employees.

  • Authorised Users individuals who are authorised by the Institution to access the Institution's information services whether on-site or off-site via Secure Authentication and who are affiliated to the Institution as a current student (including but not limited to undergraduates, postgraduates and guest students), member of staff (whether on a permanent or temporary basis including retired members of staff and any teacher who teaches Authorised Users) or contractor or registered user of the Institution. Persons who are not currently a student, member of staff, contractor or registered user of the Institution, but who are permitted to access the Institution's information services from computer terminals or otherwise within the physical premises of the Institution ["Walk-In Users"] are also deemed to be Authorised Users, only for the time they are within the physical premises of the Institution.

  • Warrant of Authority Each person signing this Amendment warrants that he or she is duly authorized to do so and to bind the respective party.

  • Warranty of Authority Each person signing this Amendment warrants that he or she is duly authorized to do so and to bind the respective party.

  • Reservation of Authority Nothing in this subpart shall limit the authority of the Secretary to take action to enforce conditions or violations of law, including actions necessary to prevent evasions of this subpart.

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