IRREVOCABLE AUTHORITY Clause Samples
The Irrevocable Authority clause grants one party the unchangeable right to act on behalf of another in specific matters outlined in the agreement. Typically, this means the granting party cannot withdraw or alter the authority once given, and the authorized party may, for example, sign documents, make decisions, or execute transactions as specified. This clause ensures that the authorized actions can proceed without risk of the authority being revoked, providing certainty and continuity in situations where such reliability is essential.
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IRREVOCABLE AUTHORITY. 13.1. The Licensee hereby irrevocably authorises the Licensor to promptly execute and deliver and sign on behalf of the Licensee, any documents, forms, instruments and (to the extent permitted by any relevant jurisdiction) deeds, or to do any such thing and generally to use the Licensee’s name as may be reasonably necessary for the purpose of giving to the Licensor the full benefit of this Agreement in relation to the Licensor’s Trade Marks. The Licensor and the Licensee hereby undertake to each other to cooperate with their respective reasonable requests to promptly execute and deliver any documents, forms, instruments and (to the extent permitted by any relevant jurisdiction) deeds, or to do any such thing as may be reasonably necessary for the purpose of giving to the other the full benefit of this Agreement in relation to the Composite Trade Marks.
IRREVOCABLE AUTHORITY. LOCK-UP OF THE CONTROLLED SHARES..................................... 11 8.
IRREVOCABLE AUTHORITY. 11.1. You hereby irrevocably authorize us to act on all Requests received by us from you (or purportedly from you) through the M-Pesa Account and to hold you liable in respect thereof, notwithstanding that any such requests are not authorized by you or are not in accordance with any existing mandates given by you.
11.2. If you request us to cancel any transaction or instruction after a request has been received by us from you, we may at our absolute discretion cancel such transaction or instruction but shall have no obligation to do so.
11.3. We shall be entitled to accept and to act upon any request, even if that Request is otherwise for any reason incomplete or ambiguous if, in its absolute discretion, we believe that it can correct the incomplete or ambiguous information in the request without any reference to you being necessary.
11.4. We are authorized to effect such orders in respect of your M-Pesa Account as may be required by any court order or competent authority or agency under the applicable laws.
11.5. In the event of any conflict between any terms of any request received by us from you and these Terms and Conditions, these Terms and Conditions shall prevail.
IRREVOCABLE AUTHORITY. The grant of authority provided for in this Section 2.04 is coupled with an interest and is being granted, in part, as an inducement to Parent, Merger Sub and Network to enter into this Agreement and (i) shall be irrevocable and survive the death, incompetency, bankruptcy or liquidation of any Shareholder and shall be binding on any successor thereto, and (ii) shall survive any distribution from the Escrow Account and, if applicable, the Earn-Out Escrow Account.