Binding Authority Sample Clauses
The Binding Authority clause establishes which party or individual has the legal power to make decisions or enter into agreements on behalf of another party within the context of the contract. In practice, this clause identifies the specific representatives or agents who are authorized to commit the company or organization to contractual obligations, such as signing documents or making binding commitments. Its core function is to ensure clarity and prevent disputes by clearly designating who holds the authority to act, thereby reducing the risk of unauthorized actions or misunderstandings regarding contractual commitments.
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Binding Authority. Each person signing this Agreement on behalf of either party individually warrants that he or she has full legal power to execute this Agreement on behalf of the party for whom he or she is signing, and to bind and obligate such party with respect to all provisions contained in this Agreement.
Binding Authority. This agreement shall be binding upon the successors and assigns of the Broker, and upon the heirs, administrators, executors, successors, and assigns of the Owner.
Binding Authority. Each MCO representative signing the Contract must submit written certification along with the signed Contract that he/she is the person in the organization responsible for, or authorized to make, decisions regarding this Contract.
Binding Authority. Dell confirms that it has been granted authority by the Insurer to bind the Insurer to an insurance policy with an eligible End User. Dell hereby delegates this binding authority to Partner, but Partner shall have no authority, express or implied: a) to bind the Insurer to any Insurance Product whose terms or conditions are not strictly the same as those agreed between Dell and the Insurer; or b) to agree or purport to agree to amend, vary or waive the eligibility requirements for an Insurance Product, the scope of Insurance cover, the exclusions, or any other term or condition of such insurance; or c) to represent to an End User or to a potential customer the terms and conditions of an Insurance Product differ from those agreed between Dell and the Insurer; or d) to describe the cover and benefits provided by an Insurance Product differently from those agreed between Dell and the Insurer; or e) to delegate such binding authority to any other party.
Binding Authority. The individuals executing this Agreement on behalf of the Parties represent that they have the legal power, right, and actual authority to bind their respective Party to the terms and conditions of this Agreement.
Binding Authority. Producer has no authority to bind Broker or any of its principals, or commit to issue binders or policies of insurance on behalf of Broker or to make any representation not strictly in accordance with the policies and contracts placed pursuant to the terms of this Agreement. Producer shall not make, alter, or vary any terms of coverage, or modify the terms of payment of any premium or deposit, or incur any liability for Broker.
Binding Authority. 19.1. The individuals executing this Agreement on behalf of the Consultant and the Village represent that they have the legal power, right, and actual authority to bind their respective parties to the terms and conditions of this Agreement.
Binding Authority. Each of the parties hereby represents and warrants that the execution, delivery and performance of this Amendment are within the party’s corporate power and have been or will be duly authorized by all necessary corporate action, and this Amendment constitutes the legal, valid and binding obligation of the party in accordance with its terms.
Binding Authority. Contractor’s representative below has full power, authority and legal right to execute and deliver these Contract Documents and perform all of its obligations under the Contract Documents. By signing the Contract Documents, the representative hereby represents to the Owner that he/she has the authority and full legal power to execute the Contract Documents and any and all documents necessary to effectuate and implement the terms of the Contract Documents on behalf of the party for whom he or she is signing and to bind and obligate such party with respect to all provisions contained in the Contract Documents.
Binding Authority. Any director, officer, employee, representative, or agent of Buyer signing or otherwise entering into this Agreement hereby represents and warrants that he or she is duly authorized to execute and enter into this Agreement on behalf of Buyer.