Signatory Rights. The signature rights in the name and on behalf of the Company shall be determined by the Board from time to time. The initial signatory rights of the Company will be as follows: The sole signature of Mr. Shy Datika (“SD”), or any other person appointed for such purpose by SD, accompanied with the Company’s stamp or printed name, shall bind the Company in any and all matters, including without limitation in respect of the Bank Account and (if applicable) other bank accounts of the Company (including, without limitation, with respect to checks, payments, transfers, debt instruments, withdrawals, monetary obligations and other banking activities) without limitation in sum.
Signatory Rights. Two Board members shall have a joint right to represent and sign for the Company, provided that these two board members are not nominated by the same Partner. In addition, the Managing Director shall have the authority to sign for the Company concerning the day-to-day affairs of the Company and within the scope of the Board’s policies and written instructions. The Board shall have the right to assign additional signature rights than those set out above through resolutions of the Board.
Signatory Rights. On or immediately prior to the Closing, the Seller shall cause the Seller Subsidiary to adopt the signatory rights of the Seller Subsidiary, as set form in the form attached hereto as Exhibit C (the “Signatory Rights”).
Signatory Rights. Each Board member shall have joint signatory rights (by two) restricted as follows: The two members of the Board nominated by Electronics may not sign together and the two members of the Board nominated by Topaz may not sign together, provided however that (i) the two members of the Board nominated by Electronics may sign together any document without Board approval in so far as this is required to implement an enforceable arbitral or court decision to which the Company is bound and (ii) the two members of the Board nominated by Topaz may sign together any document without Board approval in so far as this is required to implement an enforceable arbitral or court decision to which the Company is bound. The Board shall be authorized to grant joint signatory rights (requiring two signatures) to officers and other persons and may issue powers of attorney to its officers, employees and other persons as the Board deems appropriate. Such powers of attorney may include issuing sub-powers but must be limited in scope (e.g. representing the Company in a court action or registering new trademarks) and time (maximum of 15 months). The parties acknowledge that the restricted joint signatory rights (requiring two signatures) outlined in this Section 8.6 cannot be entered into the register of commerce.
Signatory Rights. As of Closing and until otherwise resolved by the Board of Directors, the signatory rights on behalf of the Company shall be as specified in Exhibit 6.6 attached hereto.
Signatory Rights. The Employee’s signatory rights for the Company and/or any Group Company shall cease on the Leaving Date and the Parties shall procure to timely delete the respective entry/entries in the Commercial Register of the Canton of Neuchâtel.
Signatory Rights. The following corporate actions of the SPV and its subsidiaries will be executed with a signature of a representative of each Party:
2.6.1.1. All payment orders that are not in the regular business manner;
2.6.1.2. Any borrowing or raising money (including entering into any finance lease), or increasing its indebtedness that are not in the regular business manner;
2.6.1.3. Making any loan, or granting any credit or giving any guarantee or indemnity;
2.6.1.4. The declaration or any other matters relating to payment of any dividend or other distribution, adoption, amendment, modification or cancellation of the dividend policy;
2.6.1.5. Instituting, settling, abandoning or compromising any legal, court, arbitration or administrative proceedings in any jurisdiction (or admission of liability) by any subsidiary involving a potential liability of or claim by any subsidiary;
2.6.1.6. Disposal or encumbrance of SPV's and its subsidiaries' assets;
2.6.1.7. Acquisitions;
2.6.1.8. Share increases or dilutions;
2.6.1.9. Nomination of new lawyers and accountants to the corporations.
Signatory Rights. The Parties respective signatory rights are as set forth in Annex I to this Agreement.
Signatory Rights. The signatory rights on behalf of the Company shall be defined and amended from time to time by the Board.
Signatory Rights. The Board shall be entitled to authorize any person or persons (who need not be directors) to sign on behalf of the Company, and to designate the form of such signature.
