Discretionary Applications Clause Samples
The Discretionary Applications clause grants a party or authority the right to make decisions or take actions based on their own judgment rather than being strictly bound by predefined rules. In practice, this means that certain approvals, permissions, or actions within the agreement may be subject to the subjective assessment of the designated party, such as a landlord deciding whether to permit alterations to a property. This clause is essential for providing flexibility in situations where rigid adherence to rules may not be practical, allowing for tailored responses to unique circumstances and ensuring that the agreement can adapt to unforeseen or exceptional cases.
Discretionary Applications. The Exchange may consent to the release from escrow of escrow securities in other circumstances and on terms and on conditions it deems appropriate. Securities may be released from escrow provided that the Escrow Agent receives written notice from the Exchange.
Discretionary Applications. The Exchange may consent to the transfer within escrow of escrow securities in other circumstances and on such terms and conditions as it deems appropriate.
Discretionary Applications. The Exchange may consent to the transfer within escrow of escrow securities in other circumstances and on such terms and conditions as it deems appropriate. -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 10 (AS AT AUGUST 2002)
Discretionary Applications. The Exchange may consent to the release from escrow of escrow securities in other circumstances and on terms and on conditions it deems appropriate. Securities may be released from escrow provided that the Escrow Agent receives written notice from the Exchange. -------------------------------------------------------------------------------- FORM 5D ESCROW AGREEMENT PAGE 4 (AS AT AUGUST 2002)