Approval & Authorization Clause Samples
The Approval & Authorization clause establishes the requirement that certain actions, decisions, or expenditures within an agreement must receive formal consent from designated parties before proceeding. In practice, this clause may specify which individuals or roles have the authority to approve contracts, financial transactions, or project milestones, and outline the process for obtaining such approvals. Its core function is to ensure that key decisions are made with proper oversight, thereby reducing the risk of unauthorized commitments and maintaining organizational control.
Approval & Authorization. This Agreement shall not be effective until the RA executes this Agreement and CA approves RA's Registration Authority application. RA and CA represent and warrant that the representative executing this Agreement on their behalf have been duly authorized by them to do so.
Approval & Authorization. This Agreement and the other Transaction Documents to be executed and delivered by Purchaser, and the consummation of the transactions contemplated herein and therein, shall have been approved as fair and in the best interest of Purchaser and its stockholders and duly authorized by Purchaser’s board of directors and management as required by Purchaser’s governing instruments, which approvals may be withheld in Purchaser’s sole and absolute discretion.
Approval & Authorization. The Mayor and City Councilmember hereby authorize the City Manager to extend the existing agreement with MissionSquare for a period of six (6) months.
Approval & Authorization. (i) This Agreement has been duly executed and delivered by such Party, and upon the due execution and delivery of this Agreement by the other Parties, this Agreement will constitute a valid and legally binding obligation of such Party, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).
(ii) The execution and delivery of this Agreement by such Party and the consummation by such Party of the transactions contemplated by this Agreement has been duly authorized and validly taken, and, solely with respect to the Company, subject only to adoption of this Agreement by (i) the vote of a majority of not less than two thirds of the members of the Company who, being entitled to do so, attend and vote at the Shareholders Meeting (as defined below) and (ii) a resolution of the holders of a majority of the Series A Preferred Shares, duly obtained in accordance with the Memorandum of Association (the “Requisite Company Vote”), no further consent or authorization of such Party, its board of directors or its shareholders is required.
Approval & Authorization. The Mayor and City Councilmembers authorize the City Manager to execute the naming rights sponsorship agreement with UHealth for an initial period of five (5) years with the option to renew for an additional five (5) one (1) year renewals for a total of ten (10) years in the amount of $175,000 annually. Revenue will be deposited into 001.9000.347401 (Recreation- Sponsorship).
Approval & Authorization. The Mayor and City Councilmembers hereby approved the award of Invitation to Bid No. 2024-28 “▇▇▇▇▇▇ ▇▇▇▇ Park Restroom Renovations” to FSV Construction Company and authorize the City Manager to negotiate and enter into an agreement with FSV Construction Company to provide labor and materials for the project in an amount not to exceed One Hundred Eighty Seven Thousand, Seven Hundred Twelve and 00/100 ($187,712.00) plus a 10% contingency in the amount of Eighteen Thousand, Seven Hundred Seventy One and 20/100 ($18,771.20) for a total not to exceed amount of Two Hundred Six Thousand, Four Hundred Eighty Three 20/100 ($206,483.20). The Mayor and City Councilmembers further approve and authorize the City Manager to negotiate and enter into an agreement with the next highest ranked firm successively if an agreement cannot be reached with FSV Construction Company. This authorization does not create or confer any rights to FSV Construction Company. Docusign Envelope ID: 3F67B0BA-0C68-4E81-8D7D-1D9B0D730DCF Docusign Envelope ID: 3F67B0BA-0C68-4E81-8D7D-1D9B0D730DCF ID Task Name 1 ▇▇▇▇▇▇ ▇▇▇▇ Park Bathroom Renovation Duration 71 days Start Mon 3/24/25 Finish Mon 6/30/25 Predecessors 8 11 14 17 20 23 26 29 April 2025 1 4 7 10 13 16 19 22 25 28 May 2025 1 4 7 10 13 16 19 22 25 28 June 2025 July 2025
Approval & Authorization. The Mayor and City Council hereby authorize the City Manager to execute a one (1) month agreement with 4Sound Group Inc. for the provision of providing sound and lighting for the City’s Independence Day event in an amount not to exceed $19,100.00.
Approval & Authorization. For credit limit approval, the Credit Limit Evaluation Form and the related file information will be submitted to the proper levels of authorization as follows: Credit Limit Final Authorization ------------ ------------------- to -$500K Regional Credit Manager >$500K to $5M Corporate Credit Manager >$5M Vice President, Treasurer
Approval & Authorization. This Agreement shall not be effective until the RA executes this Agreement and Symantec approves RA’s Registration Authority application. RA and Symantec represent and warrant that the representative executing this Agreement on their behalf have been duly authorized by them to do so.
Approval & Authorization. This Agreement shall not be effective until the RA executes this Agreement and DigiCert approves RA’s Registration Authority application. RA and DigiCert represent and warrant that the representative executing this Agreement on their behalf have been duly authorized by them to do so.