Common use of Authorization of the Agent Clause in Contracts

Authorization of the Agent. The Subscriber irrevocably authorizes the Agent in its discretion, to act as the Subscriber’s representative at the Closing, and hereby appoints the Agent, with full power of substitution, as its true and lawful attorney with full power and authority in the Subscriber’s place and stead: (a) to receive certificates representing the Common Shares and Warrants, to execute in the Subscriber’s name and on its behalf all closing receipts and required documents, to complete and correct any errors or omissions in any form or document provided by the Subscriber in connection with the subscription for the Units; (b) to extend such time periods and to waive, in whole or in part, any representations, warranties, covenants or conditions for the Subscriber’s benefit contained in this Subscription Agreement or any ancillary or related document in its absolute discretion, and as deemed appropriate; (c) to terminate this Subscription Agreement if any condition precedent is not satisfied, in such manner and on such terms and conditions as the Agent in its sole discretion may determine; and (d) to authorize ▇▇▇▇▇▇▇ ▇▇▇▇▇ LLP to release the funds representing the Subscription Price to the Corporation.

Appears in 1 contract

Sources: Subscription Agreement (Firstgold Corp.)

Authorization of the Agent. The Subscriber Buyer irrevocably authorizes the Agent in its discretion, to act as the Subscriber’s Buyer's representative at the Closing, and hereby appoints the Agent, with full power of substitution, as its true and lawful attorney with full power and authority in the Subscriber’s Buyer's place and stead: (a) to receive certificates representing the Common Shares and Warrants, to execute in the Subscriber’s Buyer's name and on its behalf all closing receipts and required documents, to complete and correct any errors or omissions in any form or document provided by the Subscriber Buyer in connection with the subscription for the UnitsUnits and to exercise any rights of termination contained herein; (b) to extend such time periods and to waive, in whole or in part, any representations, warranties, covenants or conditions for the Subscriber’s Buyer's benefit contained in this Subscription Agreement or any ancillary or related document in its absolute discretion, and as deemed appropriatedocument; (c) to terminate this Subscription Agreement if any condition precedent is not satisfied, in such manner and on such terms and conditions as the Agent in its sole discretion may determine; and (d) without limiting the generality of the foregoing, to authorize ▇▇▇▇▇▇▇ ▇▇▇▇▇ LLP to release negotiate, settle, execute, deliver and amend the funds representing Registration Rights Agreement and the Subscription Price to the Corporationform of Warrant Certificate.

Appears in 1 contract

Sources: Subscription Agreement (Natural Health Trends Corp)

Authorization of the Agent. The Subscriber irrevocably authorizes the Agent in its discretion, to act as the Subscriber’s representative at the Closing, and hereby appoints the Agent, with full power of substitution, as its true and lawful attorney with full power and authority in the Subscriber’s place and stead: (a) to receive certificates representing the Common Shares and WarrantsUnits, to execute in the Subscriber’s name and on its behalf all closing receipts and required documents, to complete and correct any errors or omissions in any form or document provided by the Subscriber in connection with the subscription for the UnitsUnits and to exercise any rights of termination contained in the Agency Agreement; (b) to extend such time periods and to waive, in whole or in part, any representations, warranties, covenants or conditions for the Subscriber’s benefit contained in this Subscription Agreement, and the Agency Agreement or any ancillary or related document in its absolute discretion, and as deemed appropriatedocument; (c) to terminate this Subscription Agreement if any condition precedent is not satisfied, in such manner and on such terms and conditions as the Agent in its sole discretion may determine; and (d) without limiting the generality of the foregoing, to authorize ▇▇▇▇▇▇▇ ▇▇▇▇▇ LLP to release negotiate, settle, execute, deliver and amend the funds representing Agency Agreement and the Subscription Price to the CorporationRegistration Rights Agreement.

Appears in 1 contract

Sources: Subscription Agreement (IntelGenx Technologies Corp.)