Authorized Action definition

Authorized Action has the meaning set forth on Section 12.16(c).

Authorized Action has the meaning set forth in the Section 16.13(c).

Authorized Action shall have the meaning set forth in Section 12.2(c).

Examples of Authorized Action in a sentence

• Each Seller agrees that Buyer and the Company shall be entitled to rely on any action taken or omission to act by Sellers’ Representative, on behalf of such Seller, pursuant to Section 8.8.2 (an “Authorized Action”), and that each Authorized Action shall be binding on each Seller as fully as if such Seller had taken such Authorized Action.

• Buyer is hereby relieved from any liability to any Person for any acts done or omissions by Buyer in accordance with such Authorized Action.

• Each Equityholder agrees that Purchaser and the Companies shall be entitled to rely on any action taken or omission to act by Equityholders’ Representative, on behalf of such Equityholder, pursuant to Section 12.2 (an “Authorized Action”), and that each Authorized Action shall be binding on each Equityholder as fully as if such Equityholder had taken such Authorized Action.

• Each Seller agrees that Buyer shall be entitled to rely on any action taken by Seller Representative, on behalf of such Seller, pursuant to Section 11.14(b) (an “Authorized Action”), and that each Authorized Action shall be binding on each Seller as fully as if such Seller had taken such Authorized Action.

• SBEEG and the Manager, jointly and severally, shall pay to and indemnify and hold harmless the Parent and the other Parent Indemnified Persons from and against any Losses which it or any of them may suffer, sustain, or become subject to, as the result of any claim by any Member that an Authorized Action is not binding on, or enforceable against, the Members.

More Definitions of Authorized Action

Authorized Action is defined in Section 8.8.3.

Authorized Action shall have the meaning set forth in Section 11.15(b).

Authorized Action is defined in Section 9.16(c).

Authorized Action has the meaning set forth in Section 10.14(c) of this Agreement.

Authorized Action has the meaning set forth in Section 6.6(d).

Authorized Action is defined in Section 7.2.7(c).

Authorized Action has the meaning ascribed to it in Section 11.15(c). “Basket Amount” has the meaning ascribed to it in Section 9.5(a).