Grant and Delegation Sample Clauses

The 'Grant and Delegation' clause defines the authority given by one party to another to perform certain actions or exercise specific rights on their behalf. Typically, this clause outlines the scope of powers being granted, such as the ability to make decisions, enter into agreements, or delegate tasks to third parties. For example, a company might grant an agent the authority to negotiate contracts and further allow that agent to delegate some responsibilities to sub-agents. The core function of this clause is to clearly establish who has the legal power to act and to what extent, thereby preventing disputes over authority and ensuring that actions taken are properly authorized.
Grant and Delegation. Owner hereby grants and delegates to Manager --------------------- the following authority, powers and duties:
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Grant and Delegation. The Company hereby grants and delegates to DFRM the authority, powers and duties that are granted to or to be performed by the Managing Member of the Company pursuant to the Operating Agreement as now or hereafter in effect. Without limiting the generality of the foregoing, the Company hereby grants and delegates to DFRM the following authority, powers and duties, subject, in each case, to any limitations contained in the Operating Agreement:
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Related to Grant and Delegation

  • Assignment and Delegation The Contractor may assign rights and may delegate duties under this Agreement to other individuals or entities acting as a subcontractor (“Subcontractor”). The Contractor recognizes that they shall be liable for all work performed by the Subcontractor and shall hold the Client harmless of any liability in connection with their performed work.

  • No Delegation The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of the Issuer, the Sponsor and the Servicer.

  • Delegation of Rights and Duties Agent may, upon any term or condition it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any Secured Party). Any such Person shall benefit from this Article VIII to the extent provided by Agent.

  • Delegation (a) The Administrator, upon prior notice to the Trust and in compliance with applicable law, may delegate any of the Services, or adjust any prior delegation, to any other person or persons that the Administrator controls, is controlled by, or is under common control with, or to specified employees of any such persons, to the extent permitted by applicable law. (b) Subject to prior approval of a majority of the members of a Fund’s Board of Trustees, including a majority of the Trustees who are not “interested persons,” and, to the extent required by applicable law, by the shareholders of a Fund, the Administrator, upon prior consent of the Trust and in compliance with applicable law, may delegate or outsource any of the Services, or adjust any prior delegation or outsourcing, to any other person or persons unaffiliated with the Administrator or to specified employees of any such persons, to the extent permitted by applicable law. (c) Notwithstanding any delegation under clauses (a) or (b) of this Section 4, the Administrator will continue to supervise the Services provided by such persons or employees and any delegation will not relieve the Administrator of any of its obligations under this Agreement.

  • Delegation; Assignment PFPC Trust may assign its rights and delegate its duties hereunder to any affiliate of PFPC Trust or of The PNC Financial Services Group, Inc., provided that PFPC Trust gives the Fund 30 days' prior written notice of such assignment or delegation.