Express authorisation Sample Clauses

Express authorisation. The Investor expressly authorises and directs the Sponsor to take whatever of the following actions in respect of the CHESS Approved Securities is reasonably required by Macquarie in accordance with the Settlement Rules to give effect to, or protect, Macquarie’s rights under the Security Arrangements: (a) to transfer or convert any of the CHESS Approved Securities to which the Macquarie Prime Facility applies to a Participant Sponsored Holding with the Sponsor acting as the Sponsor for such CHESS Approved Securities pursuant to this Sponsorship Agreement; (b) to act in accordance with any direction or instruction that it receives from Macquarie in respect of any CHESS Approved Securities, including in relation to the utilisation of the HIN under which CHESS Approved Securities to which the Macquarie Prime Facility relates is registered; (c) to provide the registrar of a Listed Entity with information required for administrative purposes in relation to any CHESS Approved Security; or (d) to take any other action which Macquarie reasonably believes is necessary to give effect to or protect Macquarie’s rights under the Security Arrangements.

Express authorisation. Each Optionholder is expressly authorised to do any act as a result of which a benefit is conferred on it.