Powers of the Agent Clause Samples

Powers of the Agent. The Corporate Member hereby authorises the Agent to exercise on its behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power:

Powers of the Agent. The Corporate Member hereby authorises the Agent to exercise on its behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power: Underwriting (a) to conduct the Underwriting subject to the provisions of clauses 4.1 and 4.2 but otherwise in such manner as the Agent in its sole discretion sees fit; (b) to enter into contracts of insurance on behalf of the Corporate Member and the other members of the Managed Syndicate; (c) without prejudice to paragraph (d) below, to enter on behalf of the Corporate Member and the other members of the Managed Syndicate into contracts to reinsure any risks insured by any contract entered into under paragraph (b) above;

Powers of the Agent. The Name hereby authorises the Agent to exercise on his behalf such powers as are necessary or expedient for the provision by the Agent of the services and the performance by the Agent of the duties set out in this Agreement including (without limitation) the power: Underwriting (a) to conduct the Underwriting subject to the provisions of clauses 4.1 and 4.2 but otherwise in such manner as the Agent in its sole discretion sees fit; (b) to enter into contracts of insurance on behalf of the Name and the other members of the Managed Syndicate; (c) without prejudice to paragraph (d) below, to enter on behalf of the Name and the other members of the Managed Syndicate into contracts to reinsure any risks insured by any contract entered into under paragraph (b) above; (d) on behalf of the members of the Managed Syndicate for a year of account (‘‘the earlier year’’) including, if applicable, the Name (‘‘the reinsured members’’) and on behalf of the members of the Managed Syndicate for the next succeeding or any later year of account (‘‘the later year’’), including, if applicable, the Name (‘‘the reinsuring members’’), to effect in accordance with clause 9.1 a contract of reinsurance to close under which: (i) the reinsuring members agree to indemnify the reinsured members against all known and unknown liabilities of the reinsured members arising out of insurance business underwritten through the Managed Syndicate and allocated to the earlier year; and (ii) the reinsured members assign to the reinsuring members all the rights of the reinsured members arising out of or in connection with that insurance business (including without limitation the right to receive all future premiums, recoveries and other monies receivable in connection with that insurance business); and to debit the reinsured members and credit the reinsuring members with such reinsurance premium in respect of the reinsurance to close as the Agent, subject to any requirements of the Council, thinks fair;

Powers of the Agent. 3.1 The Agent has the power indicated in Part C of this Account Authority in respect of the relevant Water Allocation Account. 3.2 Items A to H in Part C of this Account Authority confer the following powers, respectively: A: The power to act on behalf of the Customer in respect of water delivery, stormwater disposal, water quality, notification of weed spraying or construction works. B: The power to act on behalf of the Customer in respect of water orders, including placing and changing water order. C: The power to act on behalf of the Customer in respect of Annual Transfers. D: The power to act on behalf of the Customer in respect of transactions on the Company’s Water Exchange, including listing Tradeable Rights from the Water Allocation Account on the Company’s Water Exchange, selling Tradeable Rights through the Company’s Water Exchange, purchasing Tradeable Rights through the Company’s Water Exchange and transferring them to the Water Allocation Account. Tradeable Rights has the meaning given to that term in the Water Exchange Terms and Conditions. E: The power to act on behalf of the Customer in respect of obtaining information in respect of the Water Allocation in the Water Allocation Account. F: The power to act on behalf of the Customer in respect of obtaining information in respect of the Water Allocation Account, Landholding, Water Entitlements and mapping. G: The power to act on behalf of the Customer in respect of Charges, including making payments to the Company and reviewing the outstanding balance of Charges owed by the Customer to the Company. H: The power to act on behalf of the Customer in respect of all matters contemplated by the Environment Rules (including rice growing and total farm water balance).

Powers of the Agent. 10.1 At any time after the Agent has demanded payment of any money or the discharge of any obligation or liability secured by this Debenture (to the extent Agent is permitted to do so under the Credit Agreement) the Agent may exercise, without further notice, without the restrictions contained in the Conveyancing and Law of Property ▇▇▇ ▇▇▇▇ section 22, and whether or not it has appointed a receiver, all the powers conferred on mortgagees by that Act as varied or extended by this Debenture and all the powers and discretions conferred by this Debenture either expressly or by reference to a receiver appointed under this Debenture. 10.2 The Conveyancing and Law of Property ▇▇▇ ▇▇▇▇ section 19 shall not apply to this security or to any security given to the Agent under this Debenture. 10.3 The statutory powers of leasing conferred on the Agent shall be extended so as to authorise the Agent to lease and make agreements for leases, at a premium or otherwise, and accept surrenders of leases and grant options as the Agent considers expedient and without the need to observe any of the provisions of the Conveyancing and Law of Property ▇▇▇ ▇▇▇▇ section 20, but in any event only to the extent that Agent is permitted to exercise remedies under the Credit Agreement.

Powers of the Agent. Except as otherwise expressly provided for in this Agreement, and subject to the provisions of Section 8.11. hereof, the Agent shall have the right, in its sole discretion, in each instance: (a) to grant or withhold approvals under the Loan Documents; (b) to exercise or refrain from exercising any rights which the Agent or the Lenders may have with respect to the obligations, the Loan Documents, or with respect to any of the collateral hereunder; and (c) including, without limitation, the right to: (i) Receive, review and process all documents, certificates, opinions, insurance policies, reports, requisitions and other materials of every nature and description submitted by, or on behalf of, the Borrower or any other party; (ii) Enforce all of the rights, remedies and privileges afforded or available to the Lenders under the terms of this Agreement and the other Loan Documents, any opinion, certificates, warranties, representations or insurance policies furnished by or on behalf of the Borrower or any other party (but only after election to declare an Event or Events of Default and/or to accelerate amounts outstanding under the Loan Documents as provided in this Agreement); and (iii) Do or refrain from doing all such other acts as may be reasonably necessary or incident to the implementation, administration or servicing of the Loan Documents and the enforcement of the rights and remedies of the Lenders.

Powers of the Agent. Upon the occurrence and during the continuation of an Event of Default, the security constituted by this Debenture shall be enforceable and the Agent may exercise without further notice and without any of the restrictions contained in section 103 of the Law of Property A▇▇ ▇▇▇▇, whether or not it shall have appointed a Receiver, all the powers conferred on mortgagees by the Law of Property A▇▇ ▇▇▇▇ and all the powers and discretions conferred by this Debenture.

Powers of the Agent. Except as otherwise expressly provided for in this Agreement, and subject to the provisions of Section 8.11 hereof; the Agent shall have the right, in its sole discretion, in each instance: (a) to grant or withhold approvals under the Loan Documents; (b) to exercise or refrain from exercising any rights which the Agent or the Lenders may have with respect to the obligations, the Loan Documents, or with respect to any of the collateral hereunder; and (c) including, without limitation, the right to:

Powers of the Agent. Subject to the provisions of Section 11.8 and the requirements of this Agreement, including conforming to the standard of care specified in Section 11.5, the Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied duties to the Banks, or any obligation to the Banks to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Agent.