Authorised Powers Clause Samples
The 'Authorised Powers' clause defines the specific rights and authorities granted to a party or parties under an agreement. It typically outlines what actions an individual or entity is permitted to take on behalf of another, such as entering into contracts, making decisions, or managing assets. For example, it may specify that a manager can approve expenditures up to a certain limit or that an agent can negotiate terms with third parties. This clause ensures clarity regarding the scope of authority, helping to prevent disputes about whether actions taken were properly authorised.
Authorised Powers. Acceptance of this contract authorises ▇▇▇▇▇▇▇▇ until the termination of the contract – to be custodian of the body corporate seal and records; to administer the funds of the body corporate in accordance with the requirements of the Act; to execute the administrative duties set out in the inclusions and optional services of this contract; to sign and seal notices and certificates on behalf of the body corporate; to open and operate a bank account in the name of the body corporate.
Authorised Powers. Tracsafe is authorised to exercise the following powers of the executive members of the committee - to administer the funds of the body corporate in accordance with the BCCM Act; to exercise the administrative tasks of the secretary as required by the BCCM Act; to chair meetings as permitted by the BCCM Act; to sign and seal notices and certificates and meeting minutes on behalf of the body corporate; to issue work orders in the name of the body corporate.
Authorised Powers. Acceptance of this contract authorises Tracsafe until the termination of the contract - to administer the funds of the body corporate in accordance with the requirements of the BCCM Act; to execute the administrative duties set out in the inclusions and optional services of this contract; to chair general meetings as permitted by the Act; to sign and seal notices and certificates and meeting minutes on behalf of the body corporate; to seek quotations and authorise minor repairs and maintenance that are of a routine nature; and to perform any other task as directed by the committee.