Springing power of attorney definition

Springing power of attorney means a power of attorney that by its terms becomes effective at a specified future time or on the occurrence of a specified future event or contingency, including, but not limited to, the subsequent incapacity of the principal. A springing power of attorney may be a durable power of attorney or a nondurable power of attorney.
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Springing power of attorney means a power of attorney provided for in subsection 6(1). (« procuration subordonnée à une condition suspensive »)
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Springing power of attorney means a power of attorney that by its terms
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Examples of Springing power of attorney in a sentence

  • Springing power of attorney means a power of attorney that by its terms becomes effective at a specified future time or on the occurrence of a specified future event or contingency, usually the subsequent incapacity of the principal.


More Definitions of Springing power of attorney

Springing power of attorney or “springing EPA” means an Enduring Power of Attorney which is to take effect on the mental incapacity or infirmity of the donor.
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Related to Springing power of attorney

  • Power of Attorney means a record that grants an agent authority to act in the place of a principal.

  • Pledge shall have the meaning assigned to such term in Section 14(c).

  • Write-Down and Conversion Powers means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

  • Authorized Person means any officer of the Fund and any other person authorized by the Fund to give Oral or Written Instructions on behalf of the Fund. An Authorized Person's scope of authority may be limited by setting forth such limitation in a written document signed by both parties hereto.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Transfer Agent Instructions means, with respect to the Company, the Irrevocable Transfer Agent Instructions, in the form of Exhibit E, executed by the Company and delivered to and acknowledged in writing by the Transfer Agent.