Termination of Powers of Attorney Sample Clauses
The 'Termination of Powers of Attorney' clause defines the conditions under which a power of attorney granted under an agreement will end. Typically, this clause specifies events such as the completion of the relevant transaction, revocation by the principal, or the occurrence of a specified date or event that will automatically terminate the authority granted. For example, if a party is given power of attorney to sign documents on another's behalf, this power would cease once all required documents are executed or if the principal withdraws their consent. The core function of this clause is to provide clear boundaries for the duration and scope of the power of attorney, thereby preventing unauthorized actions and ensuring legal certainty for all parties involved.
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Termination of Powers of Attorney. Except as may be necessary to comply with Section 4.2, effective upon the Closing, any power of attorney previously granted by any Company Affiliate to any FDC Related Person shall be deemed terminated, and following such termination, FDC shall not exercise or attempt to exercise, and shall prevent each FDC Related Person from exercising or attempting to exercise, any such power of attorney.
Termination of Powers of Attorney. That certain Power of Attorney to Buyer, dated April 23, 2019, CLNC Credit 1UK, LLC (as predecessor-in-interest to UK Seller) (a copy of which is attached hereto as Exhibit 1) and that certain Power of Attorney to Buyer, dated April 23, 2019, CLNC Credit 1EU, LLC (as predecessor-in-interest to EU Seller) (a copy of which is attached hereto as Exhibit 2) shall each be deemed terminated effective as of the date hereof and shall be of no further force or effect.
Termination of Powers of Attorney. That certain Power of Attorney to Buyer, dated April 20, 2018, by MS LOAN NT-1, LLC, a Delaware limited liability company (a copy of which is attached hereto as Exhibit 1) and that certain Power of Attorney to Buyer, dated April 20, 2018, MS LOAN NT-2, LLC, a Delaware limited liability company (a copy of which is attached hereto as Exhibit 2) shall each be deemed terminated effective as of the date hereof and shall be of no further force or effect.
Termination of Powers of Attorney. Seller shall cause any power of attorney with respect to Taxes or Tax Returns of Company to be terminated as of the Closing Date.
Termination of Powers of Attorney. The Company shall cause each power of attorney with respect to any Tax matters granted by or on behalf of any of the Acquired Companies to be terminated as of the day prior to the Closing Date unless Parent requests in writing that, or grants its written consent for, such power of attorney to remain in effect thereafter.
Termination of Powers of Attorney. Any power of attorney with respect to Taxes or Tax Returns of the Company will be terminated as of the Closing Date.
Termination of Powers of Attorney. Promptly following the Closing, Seller shall, to the extent reasonably requested by Buyer and at Buyer’s sole cost, use commercially reasonable efforts to assist Buyer in terminating all powers of attorney granted by the Company or any of its Subsidiaries that are in effect as of the Closing Date as determined by Buyer.
Termination of Powers of Attorney. The Company or the Blocker Parents, as applicable, shall or shall cause each power of attorney with respect to any Tax matters granted by or on behalf of any of the Acquired Companies or Blockers to be terminated as of the Closing unless Parent requests in writing that, or grants its written consent for, such power of attorney to remain in effect thereafter.
Termination of Powers of Attorney. 42 ARTICLE VIII NONCOMPETITION........................................................... 42 8.1 Noncompetition............................................................. 42 8.2 Specific Performance....................................................... 43 ARTICLE IX
Termination of Powers of Attorney. All powers of attorney, if any, granted by Seller or its Affiliates with respect to any of the JVC Subsidiaries shall have been terminated effective as of the Closing.