Personal Capacity Clause Samples

The Personal Capacity clause establishes that individuals entering into an agreement are doing so on their own behalf and not as representatives or agents of another party. In practice, this means that the person signing the contract is personally bound by its terms and cannot later claim they were acting for a company, organization, or another individual unless explicitly stated. This clause helps prevent disputes over authority and ensures that the correct party is held accountable for fulfilling the contract's obligations.
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Personal Capacity. No person executing this Agreement who is or becomes during the term hereof a director or officer of the Company makes any agreement or understanding herein in his or her capacity as a director or officer of the Company. Each Stockholder signs solely in his or her capacity as the Beneficial Owner of the Shares and nothing herein shall limit or affect any actions taken by any Stockholder in his or her capacity as an officer or director of the Company.
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Personal Capacity. In his personal capacity, he served as a member of the program committee of the following four workshops.
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Personal Capacity. The Borrower and each Obligor is entering into this Agreement and the Security Documents to which it is a party in its personal capacity and not as agent for any person.
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Personal Capacity. He or she is a natural person, a citizen of India, of legal age, with full legal capacity and individual power to enter into, deliver and perform his or her obligations under this Agreement;
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Personal Capacity. The party signing this Agreement on behalf of the Client, in consideration of LDE entering into this Agreement with the Client, acknowledges and agrees they are entering into this contract in their personal capacity as well as on behalf of the Client and further acknowledge and agree they are jointly and severally liable with the Client, as a principal debtor to LDE, and confirm they are authorised to bind the Client, under this Agreement.
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Personal Capacity. He is a natural person, of legal age, with full capacity and individual power to enter into, deliver and perform his or her obligations under this Agreement;
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Personal Capacity. The Borrower and each Obligor is entering into this Agreement and the Security Documents to which it is a party in its personal capacity and not as agent for any person. Table of Contents 13.23 Times for making representations 13.23.1. The representations set out in this Clause are made by the Borrower on the date of this Agreement. 13.23.2. The representations at Clauses 13.2 (Status), 13.3 (Powers and Authority), 13.5.2 and 13.5.3 (Non-conflict), 13.6.2 (No default), 13.10 (Information), 13.11 (Valuation), 13.12 (Title to Property) and 13.19 (Jurisdiction/governing law), 13.21 (Material Contracts) (the “Repeating Representations”) are deemed to be repeated by the Borrower on the date of the Request, on the Utilisation Date and thereafter on each Interest Payment Date. 13.23.3. When a representation is repeated, it is applied to the circumstances existing at the time of repetition. 13.23.4. The Repeating Representations and those representations at Clauses 13.17 (Stamp Duties), 13.18 (Immunity) and 13.19 (Jurisdiction/Governing Law) are deemed to be repeated by the Borrower with respect to each Additional Obligor on the date that it becomes an Additional Obligor.
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Related to Personal Capacity

  • Individual Capacity The Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower and its Affiliates as though the Administrative Agent were not an Agent. With respect to the Loans made by it and all obligations owing to it, the Administrative Agent shall have the same rights and powers under this Agreement as any Lender and may exercise the same as though it were not an Agent, and the terms “Required Lenders”, “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity.

  • Legal Capacity All parties to the Mortgage Note and the Mortgage had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage, and the Mortgage Note and the Mortgage have been duly and properly executed by such parties. The Mortgagor is a natural person;

  • Financial Capacity (a) Taking into account the Financing Commitment, such Purchaser has, and at the Closing will have, sufficient resources to pay, in cash any and all amounts necessary for it to consummate the transactions contemplated hereby at the Closing, including payment of its Pro Rata Share of the Seller Purchase Price and the Company Purchase Price, and in the case of Purchaser A only, the Additional Company Purchase Price and the Election Purchase Price (to the extent payable hereunder) and all the fees and expenses expressly required to be paid by such Purchaser hereunder without any restrictions to transfer such funds at Closing to the Seller and the Company, as and to the extent required to be paid pursuant to, and subject to the terms of, this Agreement. The Sponsor affiliated with such Purchaser has, and at the Closing will have, sufficient resources to meet its obligations under its Commitment Letter as they become due. (b) As of the date of this Agreement, such Purchaser has delivered to the Seller a true, correct and complete copy of the Commitment Letter provided by its affiliated Sponsor, dated as of the date hereof. Such Commitment Letter has not been amended or modified, and the respective commitments contained in such Commitment Letter have not been withdrawn, terminated or rescinded. Such Commitment Letter (i) is in full force and effect, (ii) constitutes the legal, valid and binding obligation of such Purchaser and the Sponsor party thereto, and (iii) is enforceable by the Seller and the Company against such Purchaser and the Sponsor party thereto, in accordance with its terms, subject to bankruptcy, insolvency, reorganization and other Legal Requirements of general applicability relating to or affecting creditors’ rights and to general equity principles. There are no side letters or other Contracts related to the funding or investing, as applicable, of the applicable Financing Commitment other than such Commitment Letter. There are no conditions precedent to the consummation of such Financing Commitment other than those set forth in such Commitment Letter. As of the date of this Agreement, the Sponsor affiliated with such Purchaser is not subject to bankruptcy proceedings. (c) Notwithstanding anything to the contrary contained herein, in no event shall this Section 4.4 be deemed breached (and no condition set forth in Section 6.3 shall be deemed to have failed as a result of any actual or alleged breach of this Section 4.4), if (notwithstanding any actual or alleged breach), such Purchaser is willing and able to consummate its obligations at the Closing if and when it is otherwise required to do so under the terms and conditions of this Agreement.

  • INDEPENDENT CAPACITY The employees or agents of each party who are engaged in the performance of this Agreement shall continue to be employees or agents of that party and shall not be considered for any purpose to be employees or agents of the other party.

  • Not Acting in Individual Capacity Except as provided in this Article VI, in accepting the trusts hereby created Wilmington Trust Company acts solely as Owner Trustee hereunder and not in its individual capacity, and all Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Trust Agreement or any Basic Document shall look only to the Owner Trust Estate for payment or satisfaction thereof.