Authority to Pay Sample Clauses

Authority to Pay. The Account Party hereby irrevocably authorises each Issuing Lender to pay without investigation or confirmation by it any demand which appears on its face to be validly made under or pursuant to any Letter of Credit or Lender Guarantee issued by that Issuing Lender and agrees that as between itself, such Issuing Lender and the Lenders, that any such demand (in the absence of manifest error) shall be conclusive evidence that demand has been properly made.
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Authority to Pay. 6.1 Direction to pay The Indemnifier irrevocably directs the Issuers to make such payments and comply with such demands or claims made on the Issuers in writing in respect of or purporting to be in respect of the Issuers’ Obligations as the Issuers in their absolute discretion think fit without any reference to or further authority or direction from the Indemnifier, or any necessity to obtain the Indemnifier’s confirmation or verification, and notwithstanding that the Indemnifier may have disputed the Issuers’ liability to pay or comply or that all or any part of the Issuers’ Obligations may not legally exist or be legally binding on the Issuers. The Indemnifier agrees that the Issuers may treat the Issuers’ Obligations as payable on first demand and that any such payment or compliance or purported compliance by the Issuers shall as between the Issuers and the Indemnifier be conclusive evidence that the Issuers were liable to make the payment or comply with the demand or claim.
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Authority to Pay. The Manager is authorised to disburse Owners Corporation funds for the purpose of:
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Authority to Pay. BOCC may pay and debit an Account in the amount of every Instrument that is payable by the Customer at the Bank and this is present for payment to the Bank.
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Authority to Pay. The Account Party irrevocably authorises each Issuing Lender to pay (without investigation or confirmation by it) any demand which appears on its face to be validly made under any Bank Guarantee issued by that Issuing Lender and agrees that, as between itself, the relevant Issuing Lender and the Lenders, that demand (in the absence of manifest error) shall be conclusive evidence that the demand has been properly made. The Issuing Lender shall notify Bidco 2 of any such payment before such payment but failure to do so shall not affect the authority contained in this clause 7.3 or the indemnity contained in clause 7.4 (Indemnities).
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Authority to Pay. Guaranty is irrevocably authorized to pay any sum requested in accordance with the Letters of Credit provided: (a) the amount paid and the amounts previously paid pursuant thereto do not exceed the stated amount(s) of the Letters of Credit; and (b) all documents ("Presentation Documents") required to be presented pursuant to the Letters of Credit are presented. Guaranty may act upon Presentation Documents which it determines in its sole discretion are authentic and in accordance with the requirements of the Letters of Credit and pay sums in accordance with the Letters of Credit, notwithstanding any act or failure to act of the Beneficiary or Customer, including, but not limited to, (i) Customer's oral or written objection to the Presentation Documents or the accuracy of any statements therein made or (ii) Customer's oral or written challenge to the right of the Beneficiary to request sums pursuant to the Letters of Credit on whatever basis, including, but not limited to, Customer's claims of fraud, forgery, other defect, default by the Beneficiary or misrepresentation. Guaranty shall not be required to determine: (i) that any signatures on the Presentation Documents are the signatures of the parties which they purport to be or (ii) that any statements therein made are accurate. Guaranty shall be conclusively deemed to be acting in good faith in the payment of any sum pursuant to the Letters of Credit or the taking of any other action in connection therewith if it complies with the provisions of this paragraph 3.
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Authority to Pay. 6.1 Direction to pay The Indemnifier irrevocably directs the Agent to make such payments and comply with such demands or claims made on the Agent in respect of or purporting to be in respect of the Bank's Obligations as the Agent in its absolute discretion (but acting always in good faith) thinks fit without any reference to or further authority or direction from the Indemnifier, or any necessity to obtain the Indemnifier's confirmation or verification, and notwithstanding that the Indemnifier may have disputed the Agent's liability to pay or comply or that all or any part of the Bank's Obligations may not legally exist or be legally binding on the Agent. The Indemnifier agrees that the Agent may treat the Bank's Obligations as payable on first demand and that any such payment or compliance or purported compliance by the Agent shall as between the Agent and the Indemnifier be conclusive evidence that the Agent was liable to make the payment or comply with the demand or claim.
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Authority to Pay. The Corporation authorises the Manager to disburse Corporation funds for the purpose of:
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Authority to Pay 
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Related to Authority to Pay

  • Inability to Pay Any Borrower or any Guarantor shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

  • Authority to Bind Each individual who executes this Agreement on behalf of a party represents that he/she is duly authorized to execute this Agreement on behalf of that party and is operating within the scope of his/her authority.

  • Authority to Sell The execution and delivery of this Agreement, and the completion of the transaction contemplated by this Agreement has been duly and validly authorized by all necessary corporate action on the part of the Vendor, and this Agreement constitutes a legal, valid and binding obligation of the Vendor enforceable against the Vendor in accordance with its terms except as may be limited by laws of general application affecting the rights of creditors;

  • Inability to Obtain Authority The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

  • Authority to Enter Agreement Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and bind each respective Party.

  • Authority to Execute Each person executing this Agreement represents and warrants that he or she is duly authorized and has legal authority to execute and deliver this Agreement. Each party represents and warrants to the other that the execution and delivery of this Agreement and the performance of such party’s obligations hereunder have been duly authorized. [Signatures on Following Page]

  • Authority to Contract Each party represents and warrants that it has full power and authority to enter into this Agreement and perform its obligations hereunder, and that it has taken all actions necessary to authorize entering into this Agreement.

  • Authority to Borrow We authorize you to advance your own funds for our account, charging current interest rates, or to arrange loans for our account or the account of the Underwriters, as you may deem necessary or advisable for the purchase, carrying, sale and distribution of the Securities. You may execute and deliver any notes or other instruments required in connection therewith and may hold or pledge as security therefor all or any part of the Securities which we or such Underwriters have agreed to purchase. The obligations of the Underwriters under loans arranged on their behalf shall be several in proportion to their respective participations in such loans, and not joint. Any lender is authorized to accept your instructions as to the disposition of the proceeds of any such loans. You shall credit each Underwriter with the proceeds of any loans made for its account.

  • Authority of the Company To carry out its purposes, the Company, consistent with and subject to the provisions of this Agreement and applicable law, is empowered and authorized to do any and all acts and things incidental to, or necessary, appropriate, proper, advisable, or convenient for, the furtherance and accomplishment of its purposes.

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