Common use of STATEMENT OF AUTHORITY Clause in Contracts

STATEMENT OF AUTHORITY. 2.5.1 The Company grants the Manager full power and authority to act on behalf of the Company pursuant to the terms of this Agreement, the Investment Guidelines, the Operating Guidelines, and relevant Instructions. For the avoidance of doubt, the Manager shall only have authority to act on behalf of the Company with respect to any of the Company’s assets or liabilities to the extent the Company authorizes the Manager pursuant to this Agreement, the Investment Guidelines, the Operating Guidelines and relevant Instructions.

STATEMENT OF AUTHORITY. 2.5.1 The Company grants the Manager full power and authority to act on behalf of the Company pursuant to the terms of this Agreement, the Investment Guidelines, the Operating Guidelines, and relevant Instructions. For the avoidance of doubt, the Manager shall only have authority to act on behalf of the Company with respect to any of the Company’s assets or liabilities to the extent the Company authorizes the Manager pursuant to this Agreement, the Investment Guidelines, the Operating Guidelines and relevant Instructions.. To the extent the Company, as the holder of an Eligible