The Agency may Clause Samples
The 'The Agency may' clause grants the agency specific discretionary powers or rights within the agreement. Typically, this clause outlines actions the agency is permitted to take, such as making decisions, implementing policies, or taking certain steps without needing further approval from other parties. For example, it might allow the agency to modify procedures, approve expenditures, or enforce compliance measures. The core function of this clause is to clearly define the scope of the agency's authority, ensuring that all parties understand what the agency is empowered to do and reducing ambiguity regarding decision-making powers.
The Agency may with the consent of the beneficiary — assume ownership of results to protect them, if the beneficiary intends — up to four years after the period set out in Article 3 — to stop protecting them or not to seek an extension of protection, except in any of the following cases:
(a) the protection is stopped because of a lack of potential for commercial or industrial exploitation;
(b) an extension would not be justified given the circumstances. The beneficiary that intends to stop protecting results or not seek an extension must — unless any of the cases above under Points (a) or (b) applies — formally notify the Agency at least 60 days before the protection lapses or its extension is no longer possible and at the same time inform it of any reasons for refusing consent. The beneficiary may refuse consent only if it can show that its legitimate interests would suffer significant harm. If the Agency decides to assume ownership, it will formally notify the beneficiary within 45 days of receiving notification.
The Agency may. (a) register a financing statement on the New Zealand Personal Property Securities Register in order to reflect the Security Interest in all present and after acquired personal property and the Sponsor waives its right to receive a copy of any verification statement in relation to the same;
(b) register a caveat over any real property acquired by the Sponsor using Funding (in full or in part) in order to claim its interest as a mortgagee under the agreement to mortgage granted by the Sponsor below; and/or
(c) require the Sponsor to grant a registered mortgage over any real property acquired by the Sponsor using Funding (in full or in part) and the Sponsor agrees to do all things required in order to register the Agency’s interest as a mortgagee over any such property.
The Agency may. 16.5.3.1. Deduct the amount owed by the Contractor to the accident fund from the amount payable to the Contractor by Agency under this Contract; and
16.5.3.2. Transmit the deducted amount to the Department of Labor and Industries (L&I), Division of Insurance Services.