Necessary Power Sample Clauses

The Necessary Power clause ensures that each party to an agreement has the legal authority and capacity to enter into and perform its obligations under the contract. In practice, this means that the individuals signing on behalf of a company or organization are duly authorized, and the entity itself is not restricted by its governing documents or applicable law from fulfilling the contract. This clause helps prevent disputes over enforceability by confirming that all parties are properly empowered to commit to the agreement, thereby reducing the risk of invalid or unenforceable contracts.
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Necessary Power. The Principal Recipient has all the necessary power, authority and legal capacity to: (i) own its assets; (ii) conduct Program activities; and (iii) enter into this Agreement.
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Necessary Power. The Grantee, and the Principal Recipient when acting on behalf of the Grantee, have all the necessary power and/or have been duly authorised by all necessary consents, actions, approvals and authorisations to execute and deliver each Grant Agreement and any other document relating thereto and to perform all the obligations of the Grantee under each Grant Agreement and any other document relation thereto. The execution, delivery and performance by the Grantee of each Grant Agreement do not violate or conflict with any applicable law, any provision of its constitutional documents, any order or judgment of any court or any competent authority, or any contractual restriction binding on or affecting it;
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Related to Necessary Power

  • Necessary Acts Each party to this Agreement shall perform any further acts and execute and deliver any additional agreements, assignments or documents that may be reasonably necessary to carry out the provisions or to effectuate the purpose of this Agreement.

  • Necessary Approvals Each Party shall be responsible for obtaining and keeping in effect all approvals from, and rights granted by, governmental authorities, building and property owners, other carriers, and any other persons that may be required in connection with the performance of its obligations under this Agreement. Each Party shall reasonably cooperate with the other Party in obtaining and maintaining any required approvals and rights for which such Party is responsible.

  • Necessary Authority The Scheduling Coordinator represents and warrants that all of the entities which it identifies on Schedule 1 as Scheduling Coordinator Metered Entities that it represents have granted it all necessary authority to enable it to carry out its obligations under this Agreement and the CAISO Tariff, and, subject to the execution and delivery by the CAISO, this Agreement will be enforceable against the Scheduling Coordinator in accordance with its terms.

  • All Necessary Permits, etc The Company and each subsidiary possess such valid and current certificates, authorizations or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct their respective businesses, and neither the Company nor any subsidiary has received any notice of proceedings relating to the revocation or modification of, or non-compliance with, any such certificate, authorization or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, could result in a Material Adverse Change.

  • Necessary Parties All of the understandings, agreements, representations and warranties contained herein are solely for the benefit of the Fund and the Custodian, and there are no other parties who are intended to be benefited by this Agreement.