Right to Act Sample Clauses
The "Right to Act" clause defines a party's authority to take certain actions under the agreement, often without needing further consent from the other party. In practice, this may allow one party to perform specific tasks, make decisions, or enforce rights as outlined in the contract, such as initiating remedies or managing obligations if certain conditions are met. This clause ensures that parties have clear, pre-established permissions to act, thereby reducing delays and disputes over authority and enabling efficient contract administration.
Right to Act. No registration with or approval of any governmental agency (except for approval as to form and legality by the Attorney General for the Commonwealth of Pennsylvania) is required for the due execution and delivery or enforceability of this Agreement. The Servicer has legal power to execute and deliver this Agreement under the laws of Pennsylvania and to perform such Services and observe the provisions herein under the laws of Pennsylvania. By executing and delivering this Agreement, and by performing and observing the provisions of this Agreement, the Servicer will not violate any existing provision of its Articles of Incorporation or its bylaws or any applicable law or violate or otherwise become in default under any existing contract or other obligation binding upon the Servicer. The officers executing and delivering this Agreement have been duly authorized to do so, and this Agreement is legally binding upon the Servicer and enforceable against the Servicer in every respect.
Right to Act. No registration with or approval of any governmental agency of any kind is required for the due execution and delivery or for the enforceability of this Agreement and any Note issued pursuant to this Agreement. The Borrower has legal power and right to execute and deliver this Agreement and any Note issued pursuant to this Agreement and to perform and observe the provisions of this Agreement and any Note issued pursuant hereto and all such actions have been duly authorized by all necessary corporate action of the Borrower. By executing and delivering this Agreement and any Note issued pursuant to this Agreement and by performing and observing the provisions of this Agreement and any Note issued pursuant hereto, the Borrower will not violate any existing provision of its Articles of Incorporation, Code of Regulations or any applicable law or violate or otherwise become in default under any existing contract, agreement, indenture or other obligation binding upon the Borrower. The officers executing and delivering this Agreement on behalf of the Borrower have been duly authorized to do so.
Right to Act. No registration with or consent or approval of any governmental agency of any kind is required for the execution, delivery, performance and enforceability of the Borrower Documents. The Borrower has full power and authority, corporate and otherwise, to execute, deliver and perform the Borrower Documents.
Right to Act. No registration with or approval of any governmental agency is required for the due execution and delivery or enforceability of this Agreement. CFMS has legal power to execute and deliver this Agreement under the laws of Virginia and to perform such Services and observe the provisions herein under the laws of Virginia. By executing and delivering this Agreement, and by performing and observing the provisions of this Agreement, CFMS will not violate any existing provision of its Articles of Incorporation or its bylaws or any applicable law or violate or otherwise become in default under any existing contract or other obligation binding upon CFMS. The officers executing and delivering this Agreement are duly authorized to do so, and this Agreement is legally binding upon CFMS and enforceable against the CFMS in every respect.
Right to Act. The Borrower has the legal power, capacity and right to execute and deliver all of the Loan Documents, and to observe and perform all of the provisions of the Loan Documents. The Borrower's execution and delivery of the Loan Documents and its performance or observance of the provisions of the Loan Documents do not and will not violate any existing provisions in Borrower's Articles of Incorporation or By-Laws or any law applicable to Borrower or otherwise constitute a default or a violation under, or result in the imposition of any lien under, or conflict with, or result in any breach of any of the provisions of, any existing material contract or other obligation binding Borrower, with or without the passage of time or the giving of notice or both. The officer executing and delivering the Loan Documents on behalf of the Borrower has been duly authorized to do so, and the Loan Documents referred to herein are legal, valid and binding obligations of the Borrower enforceable in accordance with their respective terms.
Right to Act. By virtue of the appointment of the Securityholders’ Representative, as of the Closing, no individual Securityholder shall be entitled to protect or enforce any rights under (including under Constitutive Documents, the Company Stock Plan or any Subscription Agreement or other Contract with respect Shares, Options, RSUs, or Warrants) or with respect to this Agreement or any SR Agreement, including, for the avoidance of doubt, in respect of any Milestone Payments or other matters set forth in Exhibit H on behalf of any or all Securityholders, to institute any Action (at law or in equity or otherwise) under or with respect to this Agreement or any SR Agreement, and no individual Securityholder or other group of Securityholders will be entitled to take any such action.
Right to Act. No registration with or approval of any governmental agency of any kind is required for the due execution and delivery of, or for the enforceability of, this Loan Agreement, the Note or any of the Security Instruments or other Loan Documents except for the recording in the appropriate public office of the Mortgage and the Financing Statement(s). The Borrower has the legal power and right to execute and deliver this Loan Agreement, the Note, the Security Instruments and the other Loan Documents and to observe and perform all of the provisions of such instruments and documents. The Borrower's execution and delivery of this Loan Agreement, the Note and Security Instruments or of any other writing relating to the Loan, or the performance or observance by the Borrower of the provisions of any of such instruments, do not violate or will violate any law applicable to it or otherwise constitute a default or violation under any existing contract or other obligation binding upon it or its property, with or without the passage of time or the giving of notice, or both. The persons or entities executing and delivering this Loan Agreement, the Note, Security Instruments and other Loan Documents on behalf of the Borrower have been duly authorized to do so, and this Loan Agreement, the Note, the Security Instruments and the other Loan Documents are legally binding upon the Borrower, and are enforceable in accordance with their respective terms.
Right to Act. Assigning Lender may use its sole discretion in administering the Supplemental Advance and the Collateral, and in exercising or refraining from exercising any rights or taking or refraining from taking any actions to which Assigning Lender may be entitled under this Agreement, the Loan Agreement, the other Loan Documents or applicable law. In exercising such discretion, Assigning Lender may, without incurring any liability to Participant, rely upon the advice of legal counsel, accountants and other experts, including those retained by Borrowers.
Right to Act. 37 SECTION 9.03. BINDING EFFECT...........................................................................37 SECTION 9.04. LITIGATION...............................................................................37 SECTION 9.05. EMPLOYEE RETIREMENT INCOME SECURITY ACT..................................................38 SECTION 9.06. ENVIRONMENTAL COMPLIANCE.................................................................38 SECTION 9.07. SOLVENCY.................................................................................38 SECTION 9.08.
Right to Act. Upon Subscriber’s failure to perform any of its duties required by these Terms and Conditions, Sangoma may, but shall not be obligated to, perform any or all such duties, including payment of any tax, assessment, or insurance and other charges or expenses as provided herein. Subscriber shall reimburse Sangoma an amount equal to the cost paid plus a 10% administrative fee. Sangoma guarantees 99.999% network reliability for voice services as outlined in this section. Subscriber’s exclusive remedy under this guarantee is that Sangoma shall provide a 200% credit to Subscriber’s account for the duration of any outage if the cause of a voice service interruption is traced to Sangoma network; more than fifteen percent (15%) of Subscriber's phones are affected by the interruption; and the interruption exceeds 26 seconds duration (less than 99.999% monthly uptime). The credit shall be calculated by dividing the duration of the outage in seconds (less 26 seconds) by the total seconds in the month times the total fixed recurring service charge (exclusive of equipment, maintenance, Taxes and Fees) times two. Subscribers may request credit for outages by emailing ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇, by dialing *2* (Sangoma as spelled out on your Sangoma phone by dialing the * and 2 keys) or calling ▇▇▇-▇▇▇-▇▇▇▇ (7827). Credit must be requested within seven (7) days of the applicable outage to be eligible. The credit shall be applied to the next billing cycle invoice. Please be aware that SD-WAN service, 4G LTE Failover, Video Meetings, Connected Workspace, Chat Messaging, Messaging, and softphone applications are not considered part of the Sangoma voice services network and therefore are not covered by this network reliability guarantee. Sangoma guarantees 99.999% network availability for SD-WAN service as outlined in this section. 99.999% availability guarantee for SD-WAN services shall apply where the following requirements are met: