Entering into Contracts Clause Samples
The 'Entering into Contracts' clause defines the authority and procedures by which parties may create binding agreements under the contract. It typically outlines who within each organization is authorized to sign contracts, the required approvals, and any formalities that must be observed, such as written documentation or specific signatures. This clause ensures that only duly authorized individuals can commit the parties to legal obligations, thereby reducing the risk of unauthorized agreements and potential disputes over contract validity.
Entering into Contracts. Each Lender hereby irrevocably authorizes the Administrative Agent to enter into the Guarantees as agent for and on behalf of such Lender and Borrower hereby expressly acknowledges the authority of the Administrative Agent to enter into the Guarantees.
Entering into Contracts. The Administrative Agent may enter into any Credit Document as agent for and on behalf of the Finance Parties.
Entering into Contracts. Each Finance Party hereby irrevocably authorizes the Administrative Agent to enter into the Guarantees and Security Documents as agent for and on behalf of each such Lender and the Borrower hereby expressly acknowledges the authority of the Administrative Agent to so enter into the Guarantees and Security Documents.
Entering into Contracts a. Enter into any arrangement outside of the normal course of the Company’s business;
b. Enter into any formal joint venture or partnership or profit sharing agreement;
c. Enter into a contract or transaction except in the ordinary and proper course of business on arm’s length terms;
Entering into Contracts. The Administrative Agent may enter into any Security Document as agent for and on behalf of the Lenders.
Entering into Contracts. The Collateral Agent may also enter into any Security Document as agent, for and on behalf of any Noteholder thereunder whether entered into prior, or subsequent, to the execution and delivery of this agreement.
Entering into Contracts. At any time during the life of this contract, AHN may enter into hydrocarbon exploration and exploitation contracts on the Technical Evaluation Area with THE EVALUATOR or with third parties, subject to the provisions of Clause 6 (paragraphs 6.3 y 6.4) hereunder.
Entering into Contracts. Each Lender hereby irrevocably authorizes the Administrative Agent to enter into the Guarantees and the Security Documents as agent for and on behalf of such Lender and Borrower hereby expressly acknowledges the authority of the Administrative Agent to enter into the Guarantees and the Security Documents. DM_TOR/208573-00204/2193933.9
Entering into Contracts. 89 14.24 OTHER SECURITY NOT PERMITTED......................................89 ARTICLE 15 MISCELLANEOUS......................................................89
Entering into Contracts. 90 14.24 Other Security Not Permitted........................................ 90