Common use of Managing Agents Clause in Contracts

Managing Agents. The PURCHASER agrees to appoint the managing agent referred to in paragraph 1.11 of the AGREEMENT, as the managing agent for the SCHEME, as provided for in Section 46 of the Management Rules, set out in Annexure 8 of the ACT. The PURCHASER irrevocably nominates, constitutes, and appoints the SELLER to call any meeting of the BODY CORPORATE required for the purposes of appointing a managing agent, on the PURCHASER’s behalf, and to vote in favour of appointing the managing agent referred to in paragraph 1.11 of the AGREEMENT.

Managing Agents. The PURCHASER agrees to appoint the managing agent referred to in paragraph 1.11 of the AGREEMENT, as the managing agent for the SCHEME, as provided for in Section 46 of the Management Rules, set out in Annexure 8 of the ACT. The PURCHASER irrevocably nominates, constitutes, constitutes and appoints the SELLER to call any meeting of the BODY CORPORATE required for the purposes of appointing a managing agent, on the PURCHASER’s behalf, and to vote in favour of appointing the managing agent referred to in paragraph 1.11 of the AGREEMENT.