Power to Enter into Agreements Clause Samples
The 'Power to Enter into Agreements' clause grants a party the legal authority to negotiate, execute, and be bound by contracts or agreements on behalf of an entity. In practice, this clause clarifies which individuals or representatives are authorized to commit the company or organization to contractual obligations, often requiring evidence of such authority, such as board resolutions or corporate bylaws. Its core function is to ensure that only duly empowered parties can legally bind the entity, thereby preventing unauthorized commitments and reducing the risk of disputes over the validity of agreements.
Power to Enter into Agreements. The Board may:
(a) retain the services of persons for the purpose of assisting the Board with the administration of the Pension Plan and the management of the Pension Fund; and
(b) enter into agreements, including the agreements contemplated by subsection 6.3(b).
Power to Enter into Agreements. The Sponsor Body may retain or require the Corporation to retain the services of persons for the purpose of assisting the Sponsor Body with the sponsorship of the Pension Plan. The fees and expenses of such persons shall be paid from the Fund.
Power to Enter into Agreements. The Corporation is authorized under the terms of its articles of incorporation to enter into the Site Lease, this Lease Purchase Agreement, and the Assignment Agreement and perform all of its obligations thereunder and hereunder.
Power to Enter into Agreements. (a) HCCP is duly authorized to enter into this Agreement. The provisions of this Agreement are and will be the valid and legally enforceable obligations of HCCP in accordance with their terms and the terms of this Agreement.
(b) City is duly authorized to enter into this Agreement. The provisions of this Agreement are and will be the valid and legally enforceable obligations of City in accordance with their terms and the terms of this Agreement.
Power to Enter into Agreements. The Lessee is authorized under the [C.R.S.§ 30-1-101 et. seq., to enter into the Site Lease and this Lease/Purchase Agreement and to perform all of its obligations thereunder and hereunder.
Power to Enter into Agreements. Notwithstanding anything herein to the contrary, Partner shall not have the right, power or authority to enter into an agreement, grant a promise, provide warranties or to commit Company in any manner whatsoever. Agreements, engagements, promises and/or commitments entered by Company with Approved Customers, if any, shall be made directly by Company, at Company’s absolute and sole discretion. Company may reject any business combination under its sole and absolute discretion and in which case Partner shall not be entitled to payment in connection therewith. Partner shall not be entitled to use Company’s name, trade names, trademarks or logos other than in the manner expressly authorized by Company under these Terms.
Power to Enter into Agreements. The Trustees may enter into any agreement with the Company or any Subsidiary or any associated company or any third party not connected herewith and may enter into any agreement with any Beneficiary as it shall in its discretion determine.
Power to Enter into Agreements. 1.1. The Board shall have the power to enter into such contracts, purchase agreements, leases, other legal arrangements, relationships, and authorize payments as required, as are otherwise lawful and as it deems necessary to carry out the purpose of the Company.
Power to Enter into Agreements. SRNB is a national banking association, organized and existing under the laws of the United States of America, (ii) subject to obtaining the Government Approvals and approval of the principal terms of the Merger by the SRNB shareholders, SRNB has all necessary corporate power to enter into this Agreement and the Merger Agreement and to carry out all of the terms and provisions hereof and thereof to be carried out by it, (iii) SRNB holds a currently valid national bank charter, issued by the OCC to engage in the commercial banking business with offices in the State of California at the locations at which it is licensed and currently conducts business, and (iv) except for the Consent Order dated April 12, 1999 (the "Consent Agreement") between SRNB and the OCC and as set forth in the SRNB Disclosure Schedule, SRNB is not subject to any directive, resolution, memorandum of understanding or order of the FDIC, FRB, OCC or any other regulatory authority having jurisdiction over its business or any of its assets or properties. SRNB is in substantial compliance in all material respects with its obligations under the Consent Agreement. Neither the scope of the business of SRNB nor the location of its properties requires it to be licensed to do business in any jurisdiction other than the State of California. SRNB's deposits are insured by the FDIC to the maximum extent permitted by applicable law and regulation.
Power to Enter into Agreements. The District is authorized under the California Education Code to enter into the Site Lease and this Lease Purchase Agreement and perform all of its obligations thereunder and hereunder.