Company’s Authorization Sample Clauses
The "Company’s Authorization" clause defines the authority granted to the company to act or make decisions under the agreement. Typically, this clause outlines the specific actions the company is permitted to take, such as entering into contracts, making payments, or delegating responsibilities, and may require that such actions be approved by designated officers or the board. Its core practical function is to clarify the scope of the company’s legal power within the agreement, ensuring that all parties understand which actions are officially sanctioned and reducing the risk of unauthorized commitments.
Company’s Authorization a) If the request for availing Cashless Facility is authorized by the Company, then payment for the Medical Expenses incurred in respect of the Insured Person shall not have to be made to the extent that such Medical Expenses are covered under this Policy and fall within the amount authorized in writing by the Company for availing Cashless Facility.
b) An Authorization letter will include details of Sanctioned Amount, any specific limitation on the Claim, and any other details specific to the Insured Person, if any, as applicable.
c) In the event that the cost of Hospitalization exceeds the authorized limit, the Network Provider shall request the Company for an enhancement of Authorization Limit stating details of specific circumstances which have led to the need for increase in the previously authorized limit. The Company will verify the eligibility and evaluate the request for enhancement on the availability of further limits.
Company’s Authorization. The Company represents and warrants that: (i) it ------------------------- is a corporation duly organized validly existing and in good standing under the laws of the State of Delaware; and (ii) the execution, delivery and performance of this License Agreement have been duly authorized by all necessary corporate action on the part of the Company.