Irrevocable Power Clause Samples
An Irrevocable Power clause grants one party the authority to act on behalf of another, and this authority cannot be withdrawn or revoked by the granting party. In practice, this means that the appointed party can execute documents, make decisions, or take actions as specified in the agreement, even if the grantor later changes their mind. This clause is commonly used in contexts such as powers of attorney or security agreements to ensure that critical actions can be taken without risk of the authority being rescinded. Its core function is to provide certainty and continuity by preventing the grantor from unilaterally revoking the power, thereby protecting the interests of the party relying on the authority.
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Irrevocable Power. The special power granted in Section 11.9(a): (i) is irrevocable, (ii) is coupled with an interest, and (iii) shall survive a Member's death, incapacity or dissolution.
Irrevocable Power. The Chargor acknowledges that each power of attorney granted by Clause 20.1 is granted irrevocably and for value as part of this Security to secure a proprietary interest of, and the performance of obligations owed to, the donee within the meaning of s4 Powers of ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇.
Irrevocable Power. The foregoing power of attorney is coupled with an interest and shall be irrevocable and survive (i) the death, bankruptcy or incapacity of any Limited Partner that is a natural person or the merger, bankruptcy, dissolution or other termination of the existence of a Limited Partner that is not a natural person and (ii) the Transfer by a Partner of the whole or any portion of its Fund Interest, except that where the transferee of the whole thereof has furnished a power of attorney, the power of attorney granted under Section
Irrevocable Power. The powers of attorney granted pursuant to this Agreement, being coupled with an interest, are irrevocable unless and until this Agreement is terminated in accordance with Section 9 below.
Irrevocable Power. The special power of attorney granted pursuant to this Section (i) is irrevocable, (ii) is coupled with an interest, and (iii) shall survive a Member’s death, incapacity or dissolution.
Irrevocable Power. The Company acknowledges that the power of attorney granted by Clause 15.1 is as regards each of the Security Trustee and each Receiver granted irrevocably and for value as part of the Security to secure a proprietary interest in and the performance of obligations owed to the respective donees within the meaning of Section 4 of the Powers of Attorney Act 1971.