Account Authority Clause Samples

The Account Authority clause defines who has the legal right to control and manage a specific account under the agreement. It typically specifies which party or individual can make decisions, authorize transactions, or access account information, and may outline procedures for changing or revoking such authority. This clause ensures clarity and prevents disputes by formally designating responsibility and control over the account, thereby reducing the risk of unauthorized actions or confusion regarding account management.
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Account Authority. If you are an organization, then the individual who establishes your Account (the “Account Authority”) will have control over your Account. If you are an individual, then you will be the Account Authority for your Account, unless you designate a different Account Authority as specified below. Maritz may deem the Account Authority to have full authority for all decisions relating to your Account, including: (a) addition or removal of Users; (b) permissions to access your Account; (c) disputes regarding your Account; (d) notices and other communications relating to your Account; and (e) any other decisions that may be required regarding your Account. There must be one and only one Account Authority for each Account at all times. The initial Account Authority must be designated in the initial request to establish an Account. If an initial Account Authority is not designated, the individual requesting to establish an Account shall be deemed the initial Account Authority for that Account. The Account Authority may be changed: (i) by an email sent to Maritz from the registered email address of the current Account Authority; (ii) by bona fide legal written notice provided to Maritz by one of your corporate officers; or (iii) as separately directed and acknowledged by Maritz. It is your responsibility to properly designate a new Account Authority whenever appropriate. In the event of a dispute where multiple persons claim to be the rightful Account Authority, Maritz reserves the right, at its sole discretion, to: (1) suspend all access to your Account until an Account Authority is properly designated to Maritz’s sole satisfaction; or (2) terminate your Account and delete your Registration Information.
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Account Authority. The Trustee agrees to give dealing authority to the Member and instructions in respect of dealing and corporate actions will only be accepted from the Member. In the event of the Member's death, this authority will pass to the Trustee once such documentary evidence of death as we require has been received from the Trustee. The Member is responsible for ensuring that orders and instructions are given to us in accordance with the Pension Scheme Rules.
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Account Authority. I acknowledge that only I may authorize transactions on behalf of the Account (unless in the future such authority is duly transferred to another, as described in the Program Disclosure Statement) including, but not limited to, transactions related to (i) the investment of contributions; (ii) transfers between Investment Options (as permitted by applicable law); (iii) withdrawals; and (iv) changes in the Beneficiary.
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Account Authority declaration
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Account Authority. Client hereby grants to AIA full and complete investment discretion and trading authority over the Account, as well as authority to debit the Account exclusively for the payment of advisory fees to AIA. Client may rescind this grant of authority by written notice at any time, provided, that such notice shall be deemed a notice of termination pursuant to Section 9. For the avoidance of doubt, AIA’s investment discretion and trading authority shall extend to securities deposited in the Account by Client at any time. AIA will liquidate any such securities that it deems, in its sole discretion, to be incompatible with the Investment Proposal, unless specifically instructed by Client to transfer those securities out of the Account or hold them within the Account. Proceeds from the sale of incompatible securities will be invested in accordance with the Investment Proposal. Given the possibility of liquidation, Client should consult a tax professional prior to depositing any securities in the Account. Client is solely responsible for any tax liabilities, fees, or third-party commissions (e.g., surrender fees, contingent deferred sales charges, etc.) triggered by such sales. Neither AIA nor Broker will charge any commission on any such sale. AIA will allocate a certain percentage of the Account to cash. This cash allocation is intended to ensure sufficient liquidity for payment of fees and expenses (including our advisory fee) and to cover potential price changes when executing transactions. Custodian may place cash balances that are either pending investment or specifically allocated to cash on deposit at one or more banks, including Ally Bank, together with cash balances of other customers of Broker in an unsegregated account. Ally Bank uses such funds on deposit for its general business purposes, thereby deriving financial benefit from them, and pays interest to Custodian. Custodian shares that interest with Broker, which in turn pays a portion of that interest to you. Ally Bank, Broker, and AIA are affiliated entities through their parent company, Ally Financial. Client is responsible for all decisions concerning the voting of proxies, and AIA will not give any advice or take any action with respect to proxies unless required by applicable law. AIA will not render legal advice or take legal action on Client’s behalf with respect to securities that become the subject of legal proceedings, such as bankruptcy proceedings or class actions. Client is solely respons...
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Account Authority. Accurate InformaMon‌
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Account Authority. The Collection Accounts and the Disbursement Accounts (collectively, the “Accounts”) are to be accessed by the Administrator for the sole purpose of making the deposits and disbursements described in Sections 3.1 and 3.2, respectively, and shall not be comingled with the Administrator’s other funds. Upon the termination of this Agreement under the provisions of Section 18.2(a), the Company shall be entitled to immediately revoke any and all authority of the Administrator with respect to the Accounts.
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Account Authority. Client hereby grants to Humankind full and complete investment discretion and trading authority over the Account, as well as authority to debit the Account for the payment of advisory fees to Humankind or pass through fees charged by Apex for certain services initiated by Client. Client may rescind this grant of authority, provided, that such notice shall be deemed a notice of termination pursuant to Section 9. For the avoidance of doubt, Humankind’s investment discretion and trading authority shall extend to securities deposited in the Account by Client at any time. Humankind will liquidate any such securities that it deems, in its sole discretion, to be incompatible with the recommended portfolio. Proceeds from the sale of incompatible securities will be invested in accordance with the recommended portfolio. Given the possibility of liquidation, Client should consult a tax professional prior to depositing any securities in the Account. Client is solely responsible for any tax liabilities, fees, or third-party commissions (e.g., surrender fees, contingent deferred sales charges, etc.) triggered by such sales. Neither Humankind nor Broker will charge any commission on any such sale. Client may impose reasonable restrictions upon the management of the Account by communicating such restriction to Humankind. Humankind will not accept Client’s requests for restrictions that are inconsistent with Humankind’s stated investment strategy or philosophy or that are inconsistent with the nature or operation of Humankind’s wrap fee program. Such restrictions could result in a strategy that differs from the Humankind Constructed Portfolio recommendation and may not meet the time horizon, financial goals, and investment objectives of Client. Accounts with Client’s requested restrictions may experience different performance than accounts without such restrictions, including potentially lower overall performance. Any restrictions requested by Client are subject to acceptance by Humankind at its sole discretion. Any uninvested cash funds in Client’s Account may be swept, by Apex, to a depository institution that accepts and maintains cash deposits. Neither Apex nor its affiliates are a bank. The cash balance swept to one or more partner banks earns a variable rate of interest and is eligible for Federal Deposit Insurance Corporation (“FDIC”) insurance while such cash balance awaits investment. FDIC insurance is not provided, and interest is not earned, until the funds arri...
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Account Authority. ❑ Full Discretion (Client grants full authority without consultation) ❑ Partial Discretion (Client must be contacted before execution of any transaction) ❑ Custody (No discretion, assets are for safekeeping and reporting only)
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Related to Account Authority

  • Investment Authority With respect to any transaction authorized pursuant to the provisions of this Section, the Advisor may take any and all action necessary or desirable to effect such transaction, including but not limited to (A) placing an order with a broker selected in accordance with Subsection 4(h) for the execution of the transaction and (B) issuing to the Trustee such instructions as may be appropriate in connection with the settlement of such transaction.

  • Settlement Authority The Recipient will not enter into a settlement of any Proceeding against any of the Indemnified Parties unless the Recipient has obtained from the Province or Canada, as applicable, prior written approval or a waiver of this requirement. If the Recipient is requested by the Province or Canada to participate in or conduct the defence of any Proceeding, the Province or Canada, as applicable, will cooperate with and assist the Recipient to the fullest extent possible in the Proceeding and any related settlement negotiations.

  • Management Authority Except as otherwise expressly provided herein or in the Act, responsibility for the management of the business and affairs of the Company shall be wholly vested in the Manager, which shall have all right, power and authority to manage, operate and control the business and affairs of the Company and to do or cause to be done any and all acts, at the expense of the Company, deemed by it to be necessary or convenient to the furtherance of the purpose of the Company described in this Agreement. Any action taken by the Manager which is not in violation of this Agreement, the Act and other applicable law shall constitute the act of, and serve to bind, the Company. Any and all actions taken or approved by the Manager pursuant to this Section 5.1 may, but need not, be evidenced by written resolutions. Without limiting the generality of the foregoing, the Manager may appoint, remove and replace officers of the Company at any time and from time to time, and the Manager may retain such Persons (including any Persons in which the Manager shall have an interest or of which the Manager is an Affiliate) as it shall determine to provide services to or on behalf of the Company for such compensation as the Manager deems appropriate. The Manager may designate individuals as authorized signatories to bind the Company and/or serve as “authorized persons,” within the meaning of the Act, to execute, deliver and file any amendments or restatements of the Certificate and all other certificates (and any amendments and/or restatements thereof) required or permitted by the Act to be filed in the office of the Secretary of State of Delaware. Without limiting the generality of the foregoing, the Secretary or any Vice President of DHC is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file, or cause the execution, delivery and filing of, all certificates (and any amendments and/or restatements thereof) required or permitted by the Act to be filed in the office of the Secretary of State of Delaware.

  • AGREEMENT AUTHORITY ‌ 5.1 PDL NPDL shall sell and PFLG shall purchase, on a used/not used basis, thirty percent (30%) of the space available on the vessel (or a maximum of 30% of the capacity of the vessel by weight) (including thirty percent (30%) of the available reefer plug capacity) on each sailing of PDL’s NPDL's vessel in the Trade. Additional slots may be sold/purchased on an ad 1 The inclusion of non-U.S. trades within the scope of this Agreement does not bring such trades within the scope of the U.S. Shipping Act or the jurisdiction of the Federal Maritime Commission ("FMC"). hoc basis, and such additional space shall not be unreasonably withheld. To determine the space allocation used by any breakbulk cargo loaded on the Vessel pursuant to this Agreement, the amount of any such breakbulk cargo shall be converted at a rate of 17 revenue tonnes per TEU. 5.2 The sale of slots under Article 5.1 shall be on such terms and such conditions as the Parties may agree from time to time. 5.3 PFLG shall not sub-charter slots made available to it hereunder to any third party, including PFLG affiliates, without the prior written consent of PDL NPDL. 5.4 Each party is responsible for the port charges attributed to its own cargo, but are authorized to discuss and agree on their respective responsibilities for port charges assessed to PDL NPDL as the vessel operator at island ports in the trade. 5.5 The Parties are authorized to discuss and agree upon routine operational and administrative matters including, but not limited to, procedures for allocating space, forecasting, stevedoring and terminal operations, recordkeeping, responsibility for loss, damage or injury (including provisions of bills of lading relating to same), the interchange of information and data regarding all matters within the scope of this Agreement, terms and conditions for force majeure relief, insurance, guarantees, indemnification, and compliance with customs, safety, security, documentation, and other regulatory requirements. 5.6 Each Party shall retain its separate identity and shall have separate sales, pricing and marketing functions. Each Party shall issue its own bills of lading and handle its own claims. 5.7 The Parties shall collectively implement this Agreement by meetings, writings, or other communications between them or within committees established by them, and make such other arrangements as may be necessary or appropriate to effectuate the purposes and provisions of this Agreement.

  • Agent Authorization After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), the Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest).