The Common Representative Clause Samples

The "Common Representative" clause designates a single individual or entity to act on behalf of a group of parties in relation to the agreement. This representative is typically authorized to receive notices, make decisions, or take actions that are binding on all represented parties, such as in multi-lender financing or class action settlements. By centralizing communication and authority, the clause streamlines interactions and ensures consistent representation, thereby reducing confusion and administrative burden among multiple parties.
The Common Representative. 2.1 Appointment: Citicorp Trustee Company Limited is appointed, and Citicorp Trustee Company Limited hereby accepts to act, as initial representative of the holders of Covered Bonds pursuant to Article 14 of the Covered Bonds Law in accordance with the terms and conditions of the Covered Bonds and the provisions of this Agreement.
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The Common Representative 
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Related to The Common Representative

  • Union Representative Upon mutual agreement of the parties, the number may be altered from time to time. Where a Union Representative commences on an extended leave of absence, the Union will endeavour to find a temporary replacement for the Union Representative from within the Home.

  • Union Representatives Upon mutual agreement of the parties, the number may be altered from time to time. Where a Union Representative commences on an extended leave of absence, the Union will endeavour to find a temporary replacement for the Union Representative from within the Home.

  • Union Representative Visits The Union shall inform the Employer in advance whenever the designated representatives of the Union intend to visit the Employer’s premises for the purpose of conducting Union business. Such visits shall not interfere with the normal operations of the worksite. Reasonable accommodation will be made to allow the Presidents of the Unions to have access to union members to conduct union business.

  • Notice of Union Representative Visits The Union shall inform the Company when any representative of the Union intends to visit the worksite for the purpose of conducting Union business. Such visits will not disrupt employees working without the supervisor/manager’s permission.

  • Appointment of Representative (a) Selection Upon the occurrence of an Event of Default, a single representative shall be appointed to represent all of the Holders (the “Representative”). The Representative (i) may, but need not, be a Holder; (ii) shall not be affiliated with or related to the Company; and (iii) shall be selected by the Holders as follows: 1. For a period of up to twenty (20) business days following the Notice of Default, the Holders shall confer among themselves as to the appointment of a Representative. 2. If at any time during such twenty (20) day period, the Holders of a majority of the Notes, measured by the original Principal Amount of each such Note (a “Majority”), agree as to the appointment of a Representative, that person shall be the Representative.