Letters of Authority Clause Samples
A Letters of Authority clause authorizes a designated individual or entity to act on behalf of another party in specific matters outlined in the agreement. Typically, this clause enables the authorized party to perform actions such as signing documents, making decisions, or communicating with third parties within the scope defined by the agreement. Its core practical function is to formally delegate authority, ensuring that actions taken by the authorized representative are legally recognized and binding, thereby streamlining processes and reducing administrative delays.
Letters of Authority. Letters of Authority (“LOA”) outline the formal boundaries by which underwriters are authorized to underwrite risks for the lines of business and coverages within their respective agreements. Matters that exceed underwriter authority require prior written approval from a holder of higher authority prior to quoting or indicating terms. It is the underwriter’s responsibility to obtain and document such approval to offer terms that exceed the authority granted in his or her respective LOA. While LOAs address numerous situations, they do not anticipate every circumstance that may arise during the Underwriting process. When in doubt, underwriters should seek authority from an appropriate manager or CUO. Any matter that involves any ancillary agreements in connection with a policy must be referred to the CUO, General Counsel or Chief Financial Officer. This includes, for example, collateral arrangements, claims handling, a request to use specific counsel, a request to handle/pay claims in a unique manner, etc.
Letters of Authority. 4.10.1 Where you provide a third party with a valid Letter of Authority (‘LOA’), if that LOA is in a form and substance acceptable to us, we shall provide the beneficiary of such LOA with the information specified in the LOA upon their request. If you wish to terminate the LOA you must Notify us immediately. If you have provided a third party with a LOA, in the circumstances where we also have an agreement with such third party and we terminate such agreement we may not provide the third party with any further information relating to this Agreement, your Energy account or payment history. We may contact you to confirm the validity of a LOA. Where we are unable to confirm this with you, you agree that we may, at our sole discretion, be unable to accept the LOA provided by the third party.
Letters of Authority. A document less than 3 months old containing full trading name and physical address (i.e. utility ▇▇▇▇, Telkom account, bank account from institution not involved in the transaction, municipal rates account, SARS document).
Letters of Authority letters of authority contemplated in section 6(1) of the Trust Act;
Letters of Authority. 4.10.1 Where you provide a third party with a Letter of Authority (‘LOA’) we shall provide them with the following information:
a. information relating to your Agreement with us (including but not limited to copies of this Agreement); and
b. information relating to your account and payment history (including but not limited to copies of invoices, details of payments you have made to us, details of your Premises, Meter Points and consumption data). If you have provided a third party with a LOA and do not want us to provide them with any of the above information or you wish to terminate the LOA you must Notify us immediately. If you have provided a third party with a LOA and we terminate our agreement with them we will not provide the third party with any further information relating to your Agreement, account or payment history.
Letters of Authority. Upon the request of Chesapeake, the County shall countersign a letter for use by Chesapeake evidencing whether the movement and transportation of overweight and oversized vehicles, equipment, loads and other necessary equipment and materials to and from the Project sites have been properly permitted by the County and they have been completed and the assurance performance bond has been received by the County.
Letters of Authority. Upon the request of Company, the County shall countersign a letter for use by Company evidencing whether the movement and transportation of overweight and oversized vehicles, equipment, loads, temporary or permanent utilities and other necessary equipment and materials to and from the Project Sites have been properly permitted by the County and they have been completed and the surety bonds has been received by the County.