Delegated Rights definition
Examples of Delegated Rights in a sentence
Each party to this Agreement shall exercise all of its rights and obligations under this Agreement, whether related to the Delegated Obligations, the Delegated Rights, the Retained Obligations, the Retained Rights or otherwise, in a manner consistent with the observance and performance of the Delegated Obligations and the Retained Obligations (as appropriate) and so as to avoid putting the other party or parties in breach of either of the same.
Notwithstanding anything to the contrary, including the rights delegated to the Designated MTA Group Entities pursuant to this Section 2.4.4 (MTA Right to Delegate Authority), only the MTA (and no other MTA Group entity) shall have the right to rescind or modify any Delegated Rights (and any Delegation Notice) immediately by notifying the SI of the same.
When the Agreement takes effect, the Appointor is the legal owner of the equity interests held by it in the Subject Company, free from any existing disputes over the ownership of the equity interests, and the Attorney can fully and completely exercise the Delegated Rights in accordance with the Agreement.
Under no circumstances shall WFOE be required to assume any responsibility or make any economic or other compensations to the Subject Company, the shareholders of the Subject Company or any third party for its exercise and/or the exercise of the Delegated Rights under the Agreement by its designated Attorney.
For the purpose of exercising the Delegated Rights under the Agreement, WFOE and/or WFOE designated persons have the right to know all relevant information about the operation, business, clients, finances and employees of the Subject Company, and to consult relevant materials of the Subject Company, and the Subject Company shall fully cooperate therewith.