Prudential Authorization Sample Clauses
The Prudential Authorization clause establishes that a party must obtain and maintain all necessary regulatory approvals or licenses from relevant financial or prudential authorities to perform its obligations under the agreement. In practice, this means that if a company is required by law to be authorized by a financial regulator (such as a central bank or financial conduct authority) to conduct certain activities, it must ensure such authorization is in place and kept current throughout the contract term. This clause ensures that all parties operate within the legal and regulatory framework, thereby reducing the risk of regulatory breaches and protecting both parties from potential penalties or contract invalidity due to lack of proper authorization.
Prudential Authorization. At the Closing, REIT OP shall have ------------------------ received a certificate, dated the Closing Date, signed by an officer of Prudential in such capacity and not individually to the effect set forth in Subsection 8.2.1 and certifying that Prudential has received all necessary ---------------- internal approvals and authorizations necessary in connection with its acquisition of the Units to be issued to Prudential pursuant to this Agreement.
Prudential Authorization. At the Closing, Meridian shall have received a certificate, dated the Closing Date, signed an officer of Prudential in such capacity and not individually to the effect set forth in Subsection 8.2.1 and certifying that Prudential has received all necessary internal approvals and authorizations necessary in connection with its purchase of the Acquisition Common Stock.
Prudential Authorization. 33 7.2.7 Site Survey Approval.................................. 33 7.2.8 Building Code Variances............................... 33 7.2.9 Cash Purchase and Sale Agreement Conditions........... 33 7.3 Waiver of Failure of Conditions Precedent.................... 33 7.4 Closing Date Extension....................................... 33
Prudential Authorization. 29 7.2.7 Site Survey Approval......................................... 29 7.2.8 Building Code Variances...................................... 29 7.2.9 Contribution Agreement Conditions............................ 29 7.3 Waiver of Failure of Conditions Precedent........................... 30 7.4