Duties and Obligations of the Agent Sample Clauses

Duties and Obligations of the Agent. (a) The Agent will serve in a "best efforts" capacity in the offering, sale and distribution of the Shares. The Agent may offer the Shares as an agent, but all sales shall be made by the Company acting through the Agent as an agent, and not by the Agent as a principal. The Agent shall have no authority to appoint any person or other entity as an agent or sub-agent of the Agent or the Company, except to appoint Soliciting Dealers acceptable to the Company.
Sample 1Sample 2Sample 3See All (15)
AutoNDA by SimpleDocs
Duties and Obligations of the Agent. The Agent, in performance of its duties and obligations under this Agreement, undertakes to:
Sample 1Sample 2Sample 3See All (5)
Duties and Obligations of the Agent. Each Holder irrevocably authorizes the Agent to take such action on such Holder’s behalf and to exercise such powers, rights and remedies and perform such duties hereunder and under the other Note Documents as are specifically delegated or granted to the Agent by the terms hereof and thereof, together with such actions, powers, rights and remedies as are reasonably incidental thereto. The Agent shall have only those duties and responsibilities that are expressly specified herein and the other Note Documents. Without limiting the generality of the foregoing, the Agent shall not have or be deemed to have, by reason hereof or any of the other Note Documents, a fiduciary relationship in respect of any Holder; and nothing herein or any of the other Note Documents, expressed or implied, is intended to or shall be so construed as to impose upon the Agent any obligations in respect hereof or any of the other Note Documents except as expressly set forth herein or therein.
Sample 1
Duties and Obligations of the Agent. The canvassing shall be done by the agent in order to procure orders and push the sale of the products in his areas. The agent shall secure orders for Rs [[Amount]] directly or indirectly at least in a year commencing from the date of this agreement. The agent shall furnish weekly return to the manufacturer of the orders secured, the work done, the persons approached and canvassed during the previous week. The agent shall submit orders received to the manufacturer within [[No. of days]] days from the date of its booking. The agent shall deposit all the money received by him in the account of the manufacturer and submit the weekly report on every [[Day]]. The agent shall not represent the manufacturer directly or indirectly except on instructions issued by the manufacturer from time to time. All the orders procured or business done by the agent shall be in accordance with the terms and conditions mentioned in the Schedule attached herewith subject to alteration or modification issued by the manufacturer from time to time. All the orders procured or business done by the agent shall be in accordance with the terms and conditions mentioned in the Schedule attached herewith subject to alteration or modification issued by the manufacturer from time to time. The agent shall not do directly or indirectly any other business of commission agent of any other company. The agent shall get a commission of [[Percent]] % on all orders procured by the agent directly or indirectly. The said commission shall be payable on [[Time]] basis at the end of every [[Time]] On termination of this agreement, for whatsoever reason, the agent shall not be entitled to receive any commission from the manufacturer on the orders received thereafter. The agent shall be responsible for all the payments for the goods supplied on the orders received by the agent. The agent is required to deposit a cash security of Rs[[Amount]] with the manufacturer. This security shall remain with the manufacturer during the continuance of this agreement. The annual interest on security shall be paid by the manufacturer to the agent @ [[Percent]] % per annum. MANDATORY OBLIGATIONS OF THE PARTIES The agent shall employ sub-agent, salesman, clerk, accountant, etc. at his own cost. However the manufacturer shall bear the cost of advertisements in the newspaper, magazines, Radio and Television, etc.;
Sample 1
Duties and Obligations of the Agent. The sole selling agent shall have the exclusive right to procure orders from the territories allotted. The sole selling agent shall also have the right to make cash as well as credit sales. But the credit sales shall be on sole risk and responsibility of the sole selling agent. The sole selling agent shall have full right to operate in the entire territory for which he has been appointed sole selling, either directly or indirectly or through its branch offices or sub-agents, to give effect to this agreement. The sole selling agent shall get over riding commission of [[Percent]] % on all sales made by the sole selling agent in his territory whether directly or indirectly. The sole selling agent shall engage himself fully in promoting the business of the company to the best of his ability and capacity, honestly and diligently and shall not engage himself directly or indirectly in the sale of similar or identical products of any other person. That the sole selling agent shall preserve and protect the trade mark, patent and design of the company and shall not allow anyone to use the same unauthorisingly. The sole selling agent shall maintain complete account of sales, purchase, and stock in hand and shall submit complete report of the same to the company quarterly. The sole selling agent shall not enter into any obligation relating to payment either in cash or kind on behalf of the company without written consent of the company for the same. The sole selling agent shall keep the company informed from time to time regarding increase or decrease of the demand of the products of the company in his area. The company shall provide to the sole selling agent the catalogue, instruction books, price list, advertisement material for promoting the sales. MANDATORY OBLIGATIONS OF THE PARTIES. Paper publicity, hoardings, cinema slides, etc. shall be done by the sole selling agent on the pattern of the company, for which the company shall pay all the charges to the sole selling agent on presentation of the bills;
Sample 1

Related to Duties and Obligations of the Agent

  • Duties and Obligations The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and, (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any Subsidiary that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the creation, perfection or priority of Liens on the Collateral or the existence of the Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  • Duties and Obligations of Administrative Agent The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law; rather, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties), (b) the Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or under any other Loan Document or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, (v) the satisfaction of any condition set forth in Article VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or as to those conditions precedent expressly required to be to the Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or other condition of the Borrower and its Subsidiaries or any other obligor or guarantor, or (vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any other Loan Document or the performance or observance of any covenants, agreements or other terms or conditions set forth herein or therein. For purposes of determining compliance with the conditions specified in Article VI, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received written notice from such Lender prior to the proposed closing date specifying its objection thereto.

  • Rights and Obligations of the Parties 13.2.1 The client shall be under obligation:

  • Duties and Obligations of Employee Employee shall serve as the Chief Executive Officer of the Employer pursuant to this Agreement and shall perform the customary duties of each such office in the commercial banking industry as may from time to time be reasonably requested of him by the Board of Directors of the Employer including the following:

  • Rights and Obligations of Party B 1、乙方应当具有海事管理机构批准的资质，并保持相应的应急清污能力。

  • Rights and Obligations of Party A I. Rights of Party A

  • Liabilities and Obligations Schedule 5.10 sets forth an accurate list as of the Balance Sheet Date of (i) all material liabilities of the Company of a nature that they are required in accordance with GAAP to be reflected on a balance sheet and which are not reflected on the balance sheet of the Company at the Balance Sheet Date or otherwise reflected in the Company Financial Statements at the Balance Sheet Date and which are not disclosed on any of the other Schedules to this Agreement, and (ii) all loan agreements, indemnity or guaranty agreements, bonds, mortgages, pledges and material security agreements to which the Company is a party or by which its properties may be bound. To the knowledge of the Stockholders, except as set forth on Schedule 5.10, since the Balance Sheet Date the Company has not incurred any material liabilities of any kind, character or description, whether accrued, absolute, secured or unsecured, contingent or otherwise, other than liabilities incurred in the ordinary course of business. The Company has also delivered to TCI on Schedule 5.10, in the case of those contingent liabilities known to Stockholders and related to pending or threatened litigation, or other liabilities which are not fixed, a good faith and reasonable estimate (to the extent the Company can reasonably make such an estimate) of the maximum amount which the Company reasonably expects will be payable and the amount, if any, accrued or reserved for each such potential liability on the Company's Financial Statements; in the case of any such liability for which no estimate has been provided, the estimate for purposes of this Agreement shall be deemed to be zero.

  • Rights and Obligations of Each Fund The rights and obligations set forth in this Agreement with respect to each repurchase transaction shall accrue only to the Participating Funds in accordance with their respective interests therein. No other Fund shall receive any rights or have any liabilities arising from any action or inaction of any Participating Fund under this Agreement with respect to such repurchase transaction.

  • Survival of Rights, Duties and Obligations 17.6.1 Termination of this Agreement for any cause shall not release a Party from any liability which at the time of termination has already accrued to the other Party or Parties or which thereafter may accrue in respect of any act or omission prior to such termination.

  • Assumption of Liabilities and Obligations As of the Closing Date, Buyer shall assume and undertake to pay, discharge, and perform all obligations and liabilities of Seller under the Licenses and the Assumed Contracts insofar as they relate to the time on and after the Closing Date, and arise out of events related to Buyer's ownership of the Assets or its operation of the Station on or after the Closing Date. Buyer shall not assume any other obligations or liabilities of Seller, including (i) any obligations or liabilities under any Contract not included in the Assumed Contracts, (ii) any obligations or liabilities under the Assumed Contracts relating to the period prior to the Closing Date, (iii) any claims or pending litigation or proceedings relating to the operation of the Station prior to the Closing, (iv) any obligations or liabilities arising under capitalized leases or other financing agreements, (v) any obligations or liabilities arising under agreements entered into other than in the ordinary course of business, (vi) any obligations or liabilities of Seller under any employee pension, retirement, health and welfare or other benefit plans or collective bargaining agreements, (vii) any obligation to any employee of the Station for severance benefits, vacation time, or sick leave accrued prior to the Closing Date, or (viii) any obligations or liabilities caused by, arising out of, or resulting from any action or omission of Seller prior to the Closing, and all such obligations and liabilities shall remain and be the obligations and liabilities solely of Seller.

Time is Money Join Law Insider Premium to draft better contracts faster.