EXTENSION AUTHORITY Clause Samples

EXTENSION AUTHORITY. By executing this Agreement, ▇▇▇▇▇ and Seller hereby grant to their respective attorneys the actual authority to bind them by facsimile for the limited purpose of allowing them to grant extensions, and Buyer and Seller shall be able to rely upon the signature of said attorneys as binding unless they have actual knowledge that either party has disclaimed the authority granted herein to bind them.
View SourceView Similar (8)
EXTENSION AUTHORITY. Extensions and Due Date Changes may be granted within certain limits as prescribed in the “Approval Authority Procedure”. A Sr. Manager must approve all exceptions to this policy. The following general rules apply to all extensions and due date changes: • Customer must have completed extension agreement • A extension can be granted after the first six installments • An extension should not be granted if it does not bring the account current. • The original maturity of a monthly payment contract cannot be advanced by means of extensions or due date changes more than 12 months total. • The collector must obtain current information for the customer such as place of employment and telephone number, residence address and telephone number, and a new customer financial update. The account must have at least one viable telephone contact number • Consistent pay history must be observed after loan is extended. • Customer can afford unit; and extension will correct the delinquency, not prolong it. • An extension should not be granted if it does not bring the account current. EXHIBIT A-1 ▇▇▇▇▇▇▇ ▇-▇ The undersigned, a duly elected and qualified Officer of First Investors Servicing Corporation, makes this certification pursuant to Section 2.02(c) of the Servicing Agreement dated as of May 5, 2005 by and among First Investors Auto Owner Trust 2005-A, as Issuer, ▇▇▇▇▇ Fargo Bank, National Association, as Back-up Servicer and Indenture Trustee, and First Investors Servicing Corporation, as Servicer, and does hereby certify to the best of his knowledge that the attached Monthly Servicer Report hereby being furnished to the Indenture Trustee pursuant to Section 2.02(c) has been prepared in accordance with the terms and conditions of the Transaction Documents, is true and correct in all material respects and presents fairly the results covered thereby for the Collection Period ended . This certification is being provided as of the Determination Date of . By: Authorized Officer EXHIBIT B Date: TO: DISTRIBUTION LIST ATTACHED RE: This certificate is furnished pursuant to Section 2.02(d) of the Servicing Agreement (the “Agreement”), dated May 5, 2005, by ▇▇▇▇▇ Fargo Bank, National Association (the Back-up Servicer) as the Back-up Servicer for the above-entitled issue. Terms used but not defined herein shall have the meanings provided in the Agreement. The Back-up Servicer has made no independent examination of the Monthly Servicer Report beyond the review specifically required i...
View Source
EXTENSION AUTHORITY. Extensions and Due Date Changes may be granted within certain limits as prescribed in the “Approval Authority Procedure”. A Sr. Manager must approve all exceptions to this policy.
View Source

Related to EXTENSION AUTHORITY

  • Organization; Authority Such Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction Documents and performance by such Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of such Purchaser. Each Transaction Document to which it is a party has been duly executed by such Purchaser, and when delivered by such Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable against it in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.

  • Reliance upon Authority Prior to the Closing Date, the Borrowers shall deliver to the Agent, a notice setting forth the account of the Borrowers (“Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the Borrowers, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its behalf.

  • Information Authorization Your enrollment in the applicable Service may not be fulfilled if we cannot verify your identity or other necessary information. Through your enrollment in or use of each Service, you agree that we reserve the right to request a review of your credit rating at our own expense through an authorized bureau. In addition, and in accordance with our Privacy Policy, you agree that we reserve the right to obtain personal information about you, including without limitation, financial information and transaction history regarding your Eligible Transaction Account. You further understand and agree that we reserve the right to use personal information about you for our and our Service Providers’ everyday business purposes, such as to maintain your ability to access the Service, to authenticate you when you log in, to send you information about the Service, to perform fraud screening, to verify your identity, to determine your transaction limits, to perform collections, to comply with laws, regulations, court orders and lawful instructions from government agencies, to protect the personal safety of subscribers or the public, to defend claims, to resolve disputes, to troubleshoot problems, to enforce this Agreement, to protect our rights and property, and to customize, measure, and improve the Service and the content and layout of the Site. Additionally, we and our Service Providers may use your information for risk management purposes and may use, store and disclose your information acquired in connection with this Agreement as permitted by law, including (without limitation) any use to effect, administer or enforce a transaction or to protect against or prevent actual or potential fraud, unauthorized transactions, claims or other liability. We and our Service Providers shall have the right to retain such data even after termination or expiration of this Agreement for risk management, regulatory compliance, or audit reasons, and as permitted by applicable law for everyday business purposes. In addition, we and our Service Providers may use, store and disclose such information acquired in connection with the Service in statistical form for pattern recognition, modeling, enhancement and improvement, system analysis and to analyze the performance of the Service. The following provisions in this Section apply to certain Services:

  • Execution Authorized The execution, delivery and performance of this Agreement by Securities Intermediary have been duly authorized by all necessary corporate action on the part of Securities Intermediary.

  • Corporation Authorization The execution, delivery and performance by Parent of this Agreement and the consummation by Parent of the transactions contemplated hereby are within the corporate powers of Parent and have been duly authorized by all necessary corporate action. This Agreement constitutes a valid and binding agreement of Parent.