Common use of Execution and Notification by Security Agent Clause in Contracts

Execution and Notification by Security Agent. 17.4.1 Each Party (other than the relevant acceding person) irrevocably authorises the Security Agent to execute on its behalf any Accession Agreement which has been duly completed and signed on behalf of the relevant acceding person in accordance with this Agreement. 17.4.2 The Security Agent shall notify the other Parties promptly of the receipt and execution by it on their behalf of any Accession Agreement.

Execution and Notification by Security Agent. 17.4.1 (a) Each Party (other than the relevant acceding person) irrevocably authorises the Security Agent to execute on its behalf any Accession Agreement which has been duly completed and signed on behalf of the relevant acceding person in accordance with this Agreement. 17.4.2 (b) The Security Agent shall notify the other Parties promptly of the receipt and execution by it on their behalf of any Accession Agreement.