Agency Sample Clauses
The Agency clause defines the relationship in which one party (the agent) is authorized to act on behalf of another party (the principal) in dealings with third parties. This clause typically outlines the scope of the agent’s authority, any limitations, and the responsibilities of both the agent and the principal. For example, it may specify whether the agent can enter into contracts, make representations, or handle funds for the principal. The core function of the Agency clause is to clarify the extent of the agent’s powers and to allocate responsibility, thereby reducing the risk of misunderstandings or unauthorized actions.
POPULAR SAMPLE Copied 197 times
Agency. Neither Party is, nor will be deemed to be, an employee, agent or representative of the other Party for any purpose. Each Party is an independent contractor, not an employee or partner of the other Party. Neither Party shall have the authority to speak for, represent or obligate the other Party in any way without prior written authority from the other Party.
Agency. Agency will be in default under this Grant if, after 15 days written notice specifying the nature of the default, Agency fails to perform, observe or discharge any of its covenants, agreements, or obligations under this Grant; provided, however, Agency will not be in default if Agency fails to disburse Grant Funds because there is insufficient expenditure authority for, or moneys available from, the Funding Source.
Agency. The Manager shall act as agent of the Company in making, acquiring, financing and disposing of Investments, disbursing and collecting the Company’s funds, paying the debts and fulfilling the obligations of the Company, supervising the performance of professionals engaged by or on behalf of the Company and handling, prosecuting and settling any claims of or against the Company, the Board of Directors, holders of the Company’s securities or the Company’s representatives or properties.
Agency. (a) Lender hereby irrevocably appoints Hercules Capital, Inc. to act on its behalf as the Agent hereunder and under the other Loan Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.
(b) Lender agrees to indemnify the Agent in its capacity as such (to the extent not reimbursed by Borrower and without limiting the obligation of Borrower to do so), according to its respective Term Commitment percentages (based upon the total outstanding Term Commitments) in effect on the date on which indemnification is sought under this Section 11.17, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Agent under or in connection with any of the foregoing; The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder.
Agency. The Parties are independent contractors, and nothing in this Agreement shall be construed to constitute either Party to be the agent, Partner, legal representative, attorney or employee of the other for any purpose whatsoever. Neither Party shall have the power or authority to bind the other except as specifically set out in this Agreement.
Agency. Agent and each Lender hereby agree to the terms and conditions set forth on Addendum 3 attached hereto. ▇▇▇▇▇▇▇▇ acknowledges and agrees to the terms and conditions set forth on Addendum 3 attached hereto.
Agency. The Manager shall act as agent of the Company and the Subsidiaries in making, acquiring, financing and disposing of Investments, disbursing and collecting the funds of the Company and the Subsidiaries, paying the debts and fulfilling the obligations of the Company and the Subsidiaries, supervising the performance of professionals engaged by or on behalf of the Company and the Subsidiaries and handling, prosecuting and settling any claims of or against the Company and the Subsidiaries, the Board of Directors, holders of the Company’s securities or representatives or assets of the Company and the Subsidiaries.
Agency. In connection with this Agreement, RBS Securities Inc. has acted as an agent on behalf of the Mortgage Loan Seller. RBS Securities Inc. has not guaranteed and is not otherwise responsible for the obligations of the Mortgage Loan Seller under this Agreement.
Agency. No Agent shall be responsible or accountable to anyone, either by reason of its authentication of any Security or for any other reason whatsoever, with respect to the validity of this Agreement or of the Securities, the correctness of the recitals, if any, of the Corporation contained herein or in the Securities (except in the Fiscal Agent’s or a Paying Agent’s certificate of authentication and as set forth in the next succeeding sentence) or for any act taken by it, or for anything else whatever in connection with this Agreement or any Security, except for its own negligence, bad faith or willful misconduct or that of its officers, employees or agents. Each Agent represents and warrants that this Agreement has been duly authorized, executed and delivered by, and is a valid and binding agreement of, such Agent, but does not otherwise make any representation as to the validity or sufficiency of this Agreement or of the Securities. In acting under this Agreement the Fiscal Agent and each Transfer Agent, Paying Agent or Registrar appointed pursuant to Section 2, 3 or 6 of this Agreement are acting solely as agents of the Corporation and do not assume any obligation or relationship of agency or trust for or with any of the owners or holders of the Securities, except that all funds held by the Fiscal Agent and the relevant Paying Agent for payment or principal of and any premium or interest on the Securities shall be held in trust by the Fiscal Agent or such Paying Agent, for the benefit of the owners or holders of the Securities entitled thereto, as the case may be, and applied as set forth herein and in the text of the Securities, but need not be segregated from other funds held except to the extent required by law. Any moneys paid by the Corporation to the Fiscal Agent or a Paying Agent for the payment of the principal of and any premium or interest on any Security of a Series, and remaining unclaimed at the end of two years after such principal, premium or interest shall have become due and payable (whether at the Stated Maturity (as defined in the text of such Securities), upon call for redemption or otherwise), shall then be repaid to the Corporation upon its written request as provided and in the manner set forth in the text of the Securities of such Series, and upon such repayment the aforesaid trust with respect to the Securities of such Series shall terminate and all liability of the Fiscal Agent and all Paying Agents with respect to such moneys shall...
Agency. The Original Member shall have the power, right and authority to act as agent for the LLC on all LLC matters.