Authorization to Magna Clause Samples
The 'Authorization to Magna' clause grants Magna the legal authority to act on behalf of another party in specified matters. Typically, this clause allows Magna to perform actions such as signing documents, making decisions, or accessing information that would otherwise require the direct involvement or consent of the authorizing party. By formalizing this delegation of authority, the clause streamlines processes and ensures that Magna can efficiently carry out necessary tasks without repeated approvals, thereby reducing administrative delays and clarifying the scope of Magna's permitted actions.
Authorization to Magna. In accordance with the provisions of the Securities Regulations (Signature and Electronic Reporting), 5763- 2003, the Trustee hereby authorizes the party authorized for this on behalf of the Company, to electronically report to the Securities Authority of this Deed of Trust, the engagement and the signature thereon inasmuch as it is required by law. I the undersigned Odeya Brick-▇▇▇▇▇▇, Adv. confirm that this Deed of Trust was signed by Ellomay Capital Ltd. via Messrs. ▇▇▇▇▇▇ ▇▇▇▇▇▇ and Ran ▇▇▇▇▇▇▇▇ and their signature binds Ellomay Capital Ltd. with respect to this Deed of Trust.
Authorization to Magna. In accordance with the provisions of the Securities Regulations (Signature and Electronic Reporting), 5763- 2003, the Trustee hereby authorizes the party authorized for this on behalf of the Company, to electronically report to the Securities Authority of this Deed of Trust, the engagement and the signature thereon inasmuch as it is required by law. I the undersigned Odeya Brick-Z▇▇▇▇▇, Adv. confirm that this Deed of Trust was signed by Ellomay Capital Ltd. via Messrs. S▇▇▇▇▇ ▇▇▇▇▇▇ and Ran F▇▇▇▇▇▇▇ and their signature binds Ellomay Capital Ltd. with respect to this Deed of Trust. The issue of a series of registered debentures (series B), bearing annual interest of ___ not linked (Principal and interest) that shall be repaid in 6 annual non-equal installments on June 30th in each of the years 2019 to 2024 (inclusive) as follows: on each of the four principal payments in 2019 to 2022 (inclusive) a rate of 15% of the principal shall be paid, and on each of the principal payments in 2023 to 2024 (inclusive) a rate of 20% of the principal shall be paid. The interest on the debentures (series B) shall be paid twice a year, on June 30 and on December 31 of each of the years 2017 to 2024 (inclusive) from the date of issuance of the debentures (series B) and until their final repayment on June 30, 2024. Number ____ Nominal value in NIS _________
1. This Debenture indicates that Ellomay Capital Ltd. (the “Company”) shall pay at the payment date as defined in the terms on the other side of the page, to whomever shall be a Debenture Holder on the record date, payments of Principal and interest, all subject to the terms on the other side of the page and the Deed of Trust.
2. This Debenture is issued as part of the series of the debentures under terms that are identical to this debenture (the “Debenture Series”), that are issued in accordance with the Deed of Trust (“Deed of Trust) dated March __, 2017, which was signed between the Company and Hermetic Trusts (1975) Ltd. (“Hermetic”). It is clarified that the provisions of the Deed of Trust shall constitute an integral part of the provisions of this Debenture, and they shall bind the Company and the Debenture Holders included in this series. All the Debenture Holders of this series shall have equal priority among themselves (pari–passu) without anyone having right of priority over the other.
3. This Debenture is issued subject to the terms set forth on the other side of the page and in the Deed of Trust, which constitu...
Authorization to Magna. By signing this Agreement the Pricing Underwriters authorizes the person authorized to use the electronic signature on behalf of the Company to report in his name in the Magna system about this Agreement and signing thereof.