Authority of the Bank. The Bank and any Authorized Entity are each authorized to accept and open on the Company's behalf all mail or communications received by it or directed in its care. The Bank may make, execute and deliver for, on behalf of and in the name of the Company, any declarations, affidavits or certificates of ownership which the Bank, in its discretion, deems necessary, appropriate or desirable to perform its obligations pursuant to this Agreement.
Authority of the Bank. 9.1 It is your sole responsibility to familiarize yourself with the operating procedures for the service as will be provided by the Bank upon your registration to the Service. The Bank will not be liable for any losses incurred as a result of your errors either of commission and/or omission.
Authority of the Bank. The undersigned, as President of the Bank, warrants and represents that all requisite corporate action has been taken by the Bank to approve this Agreement, that he has the full authority to execute this Agreement on behalf of the Bank, and that the Bank shall be fully bound by the terms and conditions set forth herein.
Authority of the Bank. The Bank is authorized and agrees to advance monies on behalf of the Governmental Lender to fund the Borrower Loan upon satisfaction of the conditions set forth in the Borrower Loan Agreement and otherwise to act on behalf of the Governmental Lender under the Borrower Loan Documents, except for the Reserved Rights. Except for the Reserved Rights, the Bank is hereby authorized, directed and empowered to exercise all the rights, powers or remedies of the Governmental Lender under the Borrower Loan Agreement and the other Borrower Loan Documents, and to make all determinations and exercise all options and elections thereunder, without the necessity of further advice or consultation with, or consent or authorization by, the Governmental Lender, and all actions taken by the Bank under the Borrower Loan Agreement or any of the other Borrower Loan Documents shall be valid and shall have the same force and effect, as if taken by the Governmental Lender. The Bank shall have the right to exercise any rights, remedies, conferred on the Governmental Lender pursuant to the Borrower Loan Documents (except for the Reserved Rights) as may be necessary or convenient to (i) enforce the payment of any amounts owing by Borrower under the Borrower Loan Documents and prepayments thereof, or (ii) otherwise to protect the interest of the Governmental Lender or Bank upon a default by Borrower under the Borrower Loan Documents. The Bank agrees to provide the Governmental Lender any notices given by it or delivered to it pursuant to the Borrower Loan Agreement regarding the occurrence of an Event of Default (as defined in the Borrower Loan Agreement), the acceleration of the Borrower Loan or the foreclosure of the Deed of Trust and shall provide written notice to Governmental Lender of any amendment to the Borrower Notes or the Borrower Loan Agreement. The Bank shall have the right to collect all payments and other amounts received by the Governmental Lender from or on behalf of the Borrower pursuant to the Borrower Loan Agreement or the other Borrower Loan Documents, including prepayments thereof, except for payments of amounts owing by the Borrower to the Governmental Lender in respect of the Reserved Rights.
Authority of the Bank. 3.1 The Bank is authorized by the Customer to act on all Valid Requests and instructions. If the Customer requests the Bank to cancel any transaction or instruction after a request or instruction has been received by the Bank from the Customer, the Bank may at its absolute discretion cancel such transaction or instruction and thereafter give reasons for its action to the customer.
Authority of the Bank. The Borrower and Grantor acknowledge that any action taken by or not taken by the Bank hereunder shall be conclusively presumed to have been taken or not taken by the Bank as attorney-in-fact and representative of the Bank with full and valid authority to so act or refrain from acting in accordance with the Credit Agreement, and the Borrower and Grantor shall be under no obligation and shall have no right to make any inquiry respecting such authority.
Authority of the Bank to make payment or delivery Bayern LB is also entitled to regard any person designated as heir or executor in such documents as in paragraph 1, sentence 2, as the person entitled and, in particular, to allow such person to dispose of any assets and to make payment or delivery to him, by way of discharge in full. This shall not apply if the Bank is aware of the inaccuracy or invalidity of such documents or if the Bank has not become aware of this as a result of its negligence.
Authority of the Bank. The execution and delivery by the Bank of this Agreement, the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of the Bank, and this Agreement will be upon execution and delivery by the respective parties thereto, a valid and binding obligation of the Bank enforceable in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, liquidation, receivership, conservatorship, insolvency, moratorium or other similar laws affecting the rights of creditors generally and by general equitable principles and by Section 8(b)(6)(D) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1818(b)(6)(D). Except as set forth in a list furnished by the Bank to the Company (the "Bank Conflicts and Consents List"), neither the execution and delivery by the Bank of this Agreement, the consummation of the transactions contemplated herein, nor compliance by the Bank with any of the provisions hereof or thereof, will: (a) conflict with or result in a breach of any provision of its Articles of Incorporation, as amended, or Bylaws, as amended; (b) constitute a breach of or result in a default (or give rise to any rights of termination, cancellation or acceleration, or any right to acquire any securities or assets) under any of the terms, conditions or provisions of any note, bond, mortgage, indenture, franchise, license, permit, agreement or other instrument or obligation to which the Bank or any subsidiary of the Bank is a party, or by which the Bank, or any subsidiary of the Bank or any of its respective properties or assets is bound; (c) result in the creation or imposition of any Encumbrance on any of the properties or assets of the Bank or any subsidiary; or (d) violate any order, writ, injunction, decree, statute, rule or regulation applicable to the Bank or any subsidiary of the Bank or any of their respective properties or assets. Except as set forth in the "the Bank Conflicts and Consents List," no consent of, approval of, notice to or filing with any Governmental Entity having jurisdiction over any aspect of the business or assets of the Bank, and no consent of, approval of or notice to any other Person, is required in connection with the execution and delivery by the Bank of this Agreement the consummation by the Bank and contemplated hereby, except such approvals as may be required by any Government Entity.
Authority of the Bank. Lakeland do Brasil and the Grantors acknowledge that any action taken by or not taken by the Bank hereunder shall be conclusively presumed to have been taken or not taken by the Bank as attorney-in-fact and representative of the Bank with full and valid authority to so act or refrain from acting in accordance with the Credit Agreement, and Lakeland do Brasil and Grantors shall be under no obligation and shall have no right to make any inquiry respecting such authority.
