POWER OF ATTORNEY AND UNDERTAKING Sample Clauses
The Power of Attorney and Undertaking clause authorizes one party to act on behalf of another in specified legal or financial matters. Typically, this clause allows the appointed party to sign documents, make decisions, or carry out transactions as if they were the principal, often in connection with the performance of contractual obligations. Its core function is to ensure that necessary actions can be taken efficiently and without delay, particularly when the principal is unavailable, thereby facilitating smooth execution of the agreement and reducing administrative bottlenecks.
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POWER OF ATTORNEY AND UNDERTAKING. The Applicant hereby irrevocably authorises and instructs the Managers (or someone appointed by the Managers) to take all actions required to subscribe for and ensure delivery of the Allocated Shares in the VPS on behalf of the Applicant. The Application Agreement and the Private Placement shall be governed by Norwegian law. Any disputes regarding the Application and the Private Placement which cannot be solved amicably, shall be referred to the ordinary courts of Norway with Oslo as exclusive legal venue.