Appointment and Rights Clause Samples

The 'Appointment and Rights' clause establishes the designation of a party to a specific role or position within an agreement and outlines the rights and responsibilities associated with that appointment. Typically, this clause will specify who is being appointed, the scope of their authority, and any limitations or conditions attached to their role. For example, it may detail the rights to act on behalf of another party, access certain information, or make binding decisions. The core function of this clause is to clearly define the authority and entitlements of the appointed party, thereby preventing disputes and ensuring all parties understand their respective roles and powers under the agreement.
Appointment and Rights. ICI hereby appoints Distributor to conduct the activities set forth below, and Distributor hereby accepts the appointment, for the term of this Agreement pursuant to the terms, conditions and covenants hereinafter set forth, and grants to Distributor the right: (a) To import, distribute and sell within the Territory all the men's and the women's "▇▇▇▇" apparel collection and "Casual" apparel collection bearing the Marks and developed by ICI, including outerwear as further described in Exhibit A (the "Products") as such Products are acquired by Distributor in accordance with the provisions of Section 1.4 below. (b) To use and display the Marks within the Territory but solely in advertising and promoting the Products within the limits herein set forth, to the specific exclusion of any use of said Marks in combination with any other trademarks not approved by ICI or in any form in connection with any other products or with Distributor's overall business operation (except for accurate references to the relationship between ICI and Distributor and as required by law) or in Distributor's trade or corporate names, except as may otherwise be provided herein ((a) and (b) are collectively referred to herein as the "Use Rights"). The license granted above shall be exclusive for the Territory only to the extent of Products designed and developed by ICI (the "ICI Developed Products"), but not by the Rights Holder, so that ICI will not distribute or sell in the Territory the ICI Developed Products to any person or entity other than Distributor while this Agreement is in effect (but excluding any inventory liquidation period under section 11.3).
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Appointment and Rights. (a) Pursuant to the terms of this Agreement, MSEM hereby grants AXIA (i) an exclusive, transferable, revocable right to use, market, sell and distribute the Technology to Customers in the Territory. (b) AXIA may use MSEM's trademarks, service marks and trade names listed in Exhibit B, attached hereto (the "Trademarks"), in the Territory, on a non-exclusive basis only for the term of this Agreement and solely for display or advertising purposes in connection with marketing, selling, and distributing the Technology in accordance with this Agreement. AXIA shall not at any time do or permit any act to be done which may in any way impair the rights of MSEM in the Trademarks. (c) If AXIA receives any request from a prospective purchaser of the Technology or energy generated from the Technology located outside the Territory, AXIA shall immediately refer that request to MSEM and MSEM and AXIA shall mutually agree to the disposition of that request. (d) AXIA shall all reasonable efforts to promote the sale of the Technology in the Territory. (e) It is the intent of the parties to this Agreement that the rights granted to AXIA under this Section 2 are contingent upon AXIA purchasing, producing and or selling a certain amount of Technology as per Schedule D of this agreement for the initial twenty-four (24) month period beginning on the Commencement Date and continuing thereafter Failure to meet such a standard shall constitute a default as defined in Section 10 (b).
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Appointment and Rights 
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Related to Appointment and Rights

  • Appointment and Duties The Trustees shall at all times employ a custodian or custodians, meeting the qualifications for custodians for portfolio securities of investment companies contained in the 1940 Act, as custodian with respect to the assets of the Trust. Any custodian shall have authority as agent of the Trust with respect to which it is acting as determined by the custodian agreement or agreements, but subject to such restrictions, limitations and other requirements, if any, as may be contained in the By-Laws of the Trust and the 1940 Act: (1) to hold the securities owned by the Trust and deliver the same upon written order; (2) to receive any receipt for any moneys due to the Trust and deposit the same in its own banking department (if a bank) or elsewhere as the Trustees may direct; (3) to disburse such funds upon orders or vouchers; (4) if authorized by the Trustees, to keep the books and accounts of the Trust and furnish clerical and accounting services; and (5) if authorized to do so by the Trustees, to compute the net income or net asset value of the Trust; all upon such basis of compensation as may be agreed upon between the Trustees and the custodian. The Trustees may also authorize each custodian to employ one or more sub-custodians from time to time to perform such of the acts and services of the custodian and upon such terms and conditions, as may be agreed upon between the custodian and such sub-custodian and approved by the Trustees, provided that in every case such sub-custodian shall meet the qualifications for custodians contained in the 1940 Act.

  • Appointment and Services (a) The Trust appoints the Administrator to provide the administrative services set out in Appendix A to this Agreement (the “Administrative Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Administrative Services for the compensation set out in this Agreement. (b) The Trust appoints the Administrator to provide the fund accounting services set out in Appendix B to this Agreement (the “Fund Accounting Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Fund Accounting Services for the compensation set out in this Agreement.

  • Appointment of FTIS The Investment Company hereby appoints FTIS as transfer agent for Shares of the Investment Company, as service agent in connection with dividend and distribution functions, and as shareholder servicing agent for the Investment Company, and FTIS accepts such appointment and agrees to perform the following duties.

  • Appointment and Term The Members will be entitled to appoint from time to time persons to serve as the managers (each, a "Manager") on the Board of Managers. Managers will serve until their respective successors are appointed by the Members, as provided under Section 4.11 herein, or until their earlier death, disability, resignation, retirement or removal, pursuant to Section 4.10 herein. Each Manager is hereby designated as a "manager" of the Company within the meaning of Section 18-101(10) of the Act.

  • Appointment as Agent 1.1 The Trust hereby appoints DSC Shareholder Services Agent for the Series to provide as agent for the Trust services as Transfer Agent, Dividend Disbursing Agent and Shareholder Servicing Agent and DSC hereby accepts such appointment and agrees to provide the Trust, as its agent, the services described herein. 1.2 The Trust shall pay DSC and DSC shall accept, for the services provided hereunder, the compensation provided for in Section VIII hereof. The Trust also shall reimburse DSC for expenses incurred or advanced by it for the Trust in connection with its services hereunder.