Agent Only Clause Samples
The "Agent Only" clause defines the role of a party acting solely as an agent on behalf of another entity, rather than as a principal. In practice, this means the agent does not assume personal liability for the obligations or actions under the agreement, and all rights and responsibilities are attributed to the principal they represent. This clause clarifies the legal relationship, ensuring that third parties understand the agent is not personally bound, thereby preventing unintended liability and maintaining clear boundaries of authority.
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Agent Only. The Warrant Agent shall act solely as agent for the Company in accordance with the terms and conditions hereof and does not assume any obligation or relationship of agency or trust with any Holders. The Warrant Agent shall not be liable except for the performance of such duties as are expressly set forth herein, and no implied covenants or obligations shall be read into this Agreement against the Warrant Agent, whose duties and obligations shall be determined solely by the express provisions hereof.
Agent Only. Eagle Alliance acts as an agent for the Supplier and has entered into a contract with the Hirer by way of a Dry Hire Agreement. Eagle Alliance has every confidence in the Supplier, but as an agent only, the Hirer will indemnify Eagle Alliance for delays, defaults or claims of any description.
Agent Only obliged to pay when monies received
Agent Only. The Warrant Agent shall act solely as agent.
Agent Only. WESTAF is acting as Client’s limited agent in collecting Eligible Entry Fee Payments and has no obligation to undertake any effort to collect Eligible Entry Fee Payments other than, as part of the CaFÉ Service, to create and maintain protocols which are standard in the industry for the collection of credit card payments through web based software and, subject to the terms of this Attachment, to remit to Client all such payments which are captured through such protocols.
Agent Only obliged to pay when monies received. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrowers or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrowers or that Lender until the Agent has satisfied itself that it has received that sum.