Appointment and Acceptance of Agency Clause Samples
The Appointment and Acceptance of Agency clause formally establishes the relationship between a principal and an agent, specifying that the agent is authorized to act on behalf of the principal. In practice, this clause outlines the scope of the agent’s authority, the duties they are expected to perform, and the principal’s consent to such representation. By clearly defining the agency relationship, this clause ensures both parties understand their roles and responsibilities, thereby reducing the risk of disputes regarding authority or obligations.
Appointment and Acceptance of Agency. The Company hereby appoints the Warrant Agent to act as agent for the Company in accordance with the instructions set forth in this Warrant Agreement, and the Warrant Agent hereby accepts the agency established by this Warrant Agreement and agrees to perform the same upon the terms and conditions herein set forth.
Appointment and Acceptance of Agency. (a) Subject to the terms and conditions hereof, the Consignor hereby appoints the Consignee as its agent for the Term and grants Consignee the exclusive right to market the Parts through sale, lease and exchange transactions in accordance with the terms and conditions hereof. The Consignee hereby accepts the above appointment and agrees to market the Parts through sale, lease and exchange transactions for the Consignor in accordance with the Agreed Upon Standard. In this regard, the Consignee will acknowledge receipt of the Verified Parts upon completion of the physical inventory contemplated in SECTION 2(c) below. The Consignee agrees to hold the Parts subject to the terms and conditions of this Agreement.
(b) Notwithstanding any provision of this Agreement to the contrary, the Consignee acknowledges and agrees that the Consignee shall not sell, exchange, lease or otherwise transfer any Parts to the Consignee or any Subsidiary of the Consignee without the prior written consent of the Consignor, which consent will not be unreasonably withheld or delayed.
(c) Consignee and Consignor shall jointly within sixty (60) days after the Effective Date complete an inventory of the Verified Parts to verify the physical existence of the Verified Parts. Additionally, Consignee and Consignor during such period shall jointly establish a "Sample Price" for the sale of Verified Parts in accordance with SECTION 4(a). Consignee and Consignor agree to provide adequate and knowledgeable personnel to complete such inventory within the time frame established. Until such time as any Verified Part is inventoried and a Sample Price established for such Verified Part, Consignee may sell such Verified Part based on Consignee's reasonable determination of then current fair market value. Consignee will be responsible for any Event of Loss of the Confirmed Inventory, PROVIDED, HOWEVER, that Consignee shall not be responsible for losses to the Non-Verified Parts included in the Confirmed Inventory until the aggregate Loss Value of such losses exceeds the Shrinkage Amount.
(d) Additionally, sales of Parts by the Consignee will be on an individual item or lot basis and on such terms and conditions and at such prices as the Consignee in good fait▇ ▇▇▇▇▇ ▇▇▇ropriate based on the Consignee's reasonable determination of then current fair market value of the Parts; PROVIDED, THAT, for any calendar quarter, if the aggregate Gross Sales Price for all Verified Parts sold by Consignee during such q...
Appointment and Acceptance of Agency. GenTek hereby appoints the Warrant Agent to act as agent for GenTek in accordance with the instructions set forth in this Agreement and the Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same on the terms and conditions herein set forth.
Appointment and Acceptance of Agency. The Company hereby appoints the Warrant Agent to act as agent for the Company in accordance with the instructions set forth in this Warrant Agreement, and the Warrant Agent hereby accepts the agency established by this Warrant Agreement and agrees to perform the same upon the terms and conditions set forth in this Warrant Agreement and in the Warrant Certificates or as the Company and the Warrant Agent may hereafter agree, by all of which the Company and the Warrantholders of Warrant Certificates, by their acceptance thereof, shall be bound; provided, however, that the terms and conditions contained in the Warrant Certificates are subject to and governed by this Warrant Agreement or any other terms and conditions hereafter agreed to by the Company and the Warrant Agent.
Appointment and Acceptance of Agency. Sterling hereby appoints the Warrant Agent to act as agent for Sterling in accordance with the instructions set forth in this Agreement and the Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same on the terms and conditions herein set forth.
Appointment and Acceptance of Agency. Subject to the terms and conditions hereof, Consignor hereby appoints Consignee as its agent during the Consignment Period and grants Consignee the exclusive right during the Consignment Period to market, through sale and exchange transactions, in accordance with the terms and conditions hereof, the Consigned Inventory. Consignee hereby accepts such appointment and agrees to market the Consigned Inventory for Consignor through sale and exchange transactions. Except as otherwise set forth in this Agreement, Consignee acknowledges and agrees that Consignee shall not sell or exchange or otherwise transfer any Consigned Inventory to Consignee or any Subsidiary of Consignee without the prior written consent of Consignor, which consent shall not be unreasonably withheld or delayed.
Appointment and Acceptance of Agency. The Water Authority hereby appoints the City as its agent to perform all duties, obligations, and responsibilities assigned to it under the Act and Chapter 1, Water and Sewer Authority, of the City’s Charter and Related Laws.
Appointment and Acceptance of Agency. The Issuer hereby appoints the Warrant Agent to act as agent for the Issuer in accordance with the instructions set forth in this Warrant Agreement, and the Warrant Agent hereby accepts the agency established by this Warrant Agreement and agrees to perform the same upon the terms and conditions herein set forth.
Appointment and Acceptance of Agency. 35 Section 8.16. Liability of Warrant Agent 35 Section 8.17. Successors and Assigns 36 Section 8.18. Notices 36 Section 8.19. Applicable Law 36 Section 8.20. Benefit of this Warrant Agreement 37 Section 8.21. Registered Warrantholders 37 Section 8.22. Inspection of this Warrant Agreement 37 Section 8.23. Headings 37 Section 8.24. Counterparts 37 This Warrant Agreement, dated May 7, 2013 (this “Warrant Agreement”), is between ING U.S., Inc., a Delaware corporation (the “Company”), and Computershare Inc., a Delaware corporation and its wholly-owned subsidiary Computershare Trust Company, N.A., a federally chartered, limited purpose trust company (collectively, the “Warrant Agent”).
Appointment and Acceptance of Agency. Each Borrower and Lender Agent each hereby appoints, designates and constitutes Escrow Agent as the "Escrow Agent" with respect to the Accounts and the Covered Property with full power and authority to take such actions, to exercise such powers and to perform such other duties as are expressly delegated and assigned to Escrow Agent by the terms of this Agreement. Escrow Agent hereby accepts such appointment and agrees to act as such Escrow Agent upon the express terms and conditions (but subject to the limitations and qualifications) set forth in this Agreement.