Delivery of Powers of Attorney Sample Clauses
The 'Delivery of Powers of Attorney' clause requires one party to provide the other with executed powers of attorney as part of fulfilling their contractual obligations. In practice, this means that a party must sign and deliver legal documents authorizing another person or entity to act on their behalf, often in connection with specific transactions or administrative tasks. This clause ensures that the necessary legal authority is formally granted, enabling the recipient to carry out actions or decisions efficiently and without delay.
Delivery of Powers of Attorney. If reasonably required by the Servicer, the Owner shall furnish the Servicer with any powers of attorney and other documents necessary to enable the Servicer to carry out its servicing and administrative duties under this Agreement.
Delivery of Powers of Attorney. 14 2.06 Record Title to Mortgage Loans..................................14 2.07
Delivery of Powers of Attorney. Hi/fn (and, to the extent necessary, its subsidiaries) shall execute and deliver to the Company, promptly upon request, such powers of attorney authorizing the Company to extend statutes of limitations, receive refunds and take such other actions that the Company reasonably considers to be appropriate in exercising its control rights pursuant to this Section 6.
Delivery of Powers of Attorney. Concurrently with the execution and delivery hereof, each Debtor is executing and delivering to the Secured Party, in the form of Exhibit 3 hereto, five originals of a Power of Attorney for the implementation of the assignment, sale or other disposal of the Trademarks and Patents of such Debtor pursuant to paragraphs 4(d) and 4(e) hereof and each Debtor hereby releases the Secured Party and each Lender from any claims, causes of action and demands at any time arising out of or with respect to any actions taken or omitted to be taken by the Secured Party under the powers of attorney granted herein, other than actions taken or omitted to be taken through the gross negligence or willful misconduct of the Secured Party.
Delivery of Powers of Attorney. Concurrently with the execution and delivery hereof, each Grantor is executing and delivering to the Agent, in the form of Exhibit 4 hereto, five originals of a Power of Attorney for the implementation of the assignment, sale or other disposal of the Trademarks, Patents, Patent Applications and Copyrights pursuant to subparagraphs 4(d) and (e) hereof and each Grantor hereby releases the Agent and each Secured Party from any claims, causes of action and demands at any time arising out of or with respect to any actions taken or omitted to be taken by the Agent under the powers of attorney granted herein, other than actions taken or omitted to be taken through the gross negligence or willful misconduct of the Agent.
Delivery of Powers of Attorney. The Company shall execute and deliver to Parent, promptly upon reasonable request, such powers of attorney authorizing Parent to extend statutes of limitations, receive refunds, negotiate audit settlements (subject to the Company's rights under Section 7.2(a)) and take such other actions that Parent reasonably considers to be appropriate in exercising its control rights pursuant to Section 7.2(a).
Delivery of Powers of Attorney. Subsidiary (and, to the extent necessary, any other member of any Subsidiary Group) shall execute and deliver to Parent, promptly upon request, such powers of attorney authorizing Parent to extend statutes of limitations, receive refunds and take such other actions that Parent reasonably considers to be appropriate in exercising its control pursuant to this Section 10.15.
Delivery of Powers of Attorney. The Trustee shall execute and deliver, at the written request of the Servicer, and furnish to the Servicer, at the expense of the requesting party, a power of attorney in the standard form provided by the Trustee to take title to the Mortgaged Properties after foreclosure in the name of and on behalf of the Trustee and for purposes described herein to the extent necessary or desirable to enable the Servicer to perform its respective duties. The Trustee shall not be liable for the actions of the Servicer under such powers of attorney.
(h) Section 2.08(a) of the Original Servicing Agreement is hereby amended by deleting the last sentence of such Section 2.08(a).
(i) Section 3.01(a) of the Original Servicing Agreement is hereby amended by deleting the clause “; provided, however, that all Distressed Mortgage Loans shall be transferred by the Owner when a Mortgage Loan is 90 days delinquent” at the end of the second sentence of such section.
(j) Section 3.01(c) of the Original Servicing Agreement is hereby amended by deleting the first two paragraphs of such section and replacing them with the following: The Servicer may waive, in whole or in part, a Prepayment Charge only under the following circumstances: (i) such waiver relates to a default or a reasonably foreseeable default and would, in the reasonable judgment of the Servicer, maximize recovery of total proceeds taking into account the value of such Prepayment Charge and the related Mortgage Loan, (ii) such Prepayment Charge is not permitted to be collected by applicable federal, state or local law or regulation or (iii) the collection of such Prepayment Charge would be considered “predatory” pursuant to written guidance published or issued by any applicable federal, state or local regulatory authority acting in its official capacity and having jurisdiction over such matters. If a Prepayment Charge is waived other than as permitted by the prior sentence, then the Servicer is required to pay the amount of such waived Prepayment Charge, for the benefit of the Holders of the Class P Certificates, by depositing such amount into the Collection Account together with and at the time that the amount prepaid on the related Mortgage Loan is required to be deposited into the Collection Account; provided, however, that the Servicer shall not have an obligation to pay the amount of any uncollected Prepayment Charge if the failure to collect such amount is the direct result of inaccurate or incomplete information on t...