Common use of Joint Authority Clause in Contracts

Joint Authority. Each of the Parties agree that such Party will not provide or attempt to provide instructions or directions to the Bank without the prior written authorization or consent of the other Party. Each of the Parties will ensure that, without the prior written consent of the other Party, none of its respective officers, agents or other representatives or any of their Affiliates shall withdraw or attempt to withdraw any amounts from, or otherwise exercise any authority or powers with respect to the Revenue Collection Account and all amounts held therein, except in accordance with this Agreement, the Account Agreement and applicable law.

Appears in 2 contracts

Sources: Facilities Connection Agreement (USD Partners LP), Facilities Connection Agreement (USD Partners LP)