Purposes of appointment Sample Clauses

The "Purposes of appointment" clause defines the specific reasons or objectives for which a party, such as an agent or representative, is being formally appointed under an agreement. This clause typically outlines the scope of authority granted to the appointee, detailing the tasks, roles, or responsibilities they are expected to perform, such as managing assets, representing interests, or executing certain transactions. By clearly stating the intended purposes, this clause ensures that both parties understand the limits and expectations of the appointment, thereby reducing the risk of misunderstandings or unauthorized actions.
Purposes of appointment. The Attorney may, in its name or in the name of the Grantor, Secured Party or Receiver, at any time after the occurrence of an Event of Default and while it subsists do any of the following: (a) do any thing which ought to be done by the Grantor under this document; (b) exercise any right, power, authority, discretion or remedy of the Grantor under: (i) this document; or (ii) any agreement forming part of the Secured Property; (c) do anything which in the opinion of the Secured Party, Receiver or Attorney is necessary or expedient for securing or perfecting the Security Interest created under this document; (d) execute in favour of the Secured Party any legal mortgage, transfer, assignment and any other assurance of any of the Secured Property; (e) execute deeds of assignment, composition or release; (f) sell or otherwise part with the possession of any of the Secured Property; (g) exercise any Rights and voting rights in respect of the Relevant Securities, and direct payment of all Proceeds in accordance with this document; and (h) generally, do any other thing, whether or not of the same kind as those set out in Clause 9.2(a) to 9.2(g), which in the opinion of the Secured Party, Receiver or Attorney is necessary or expedient: (i) to more satisfactorily secure to the Secured Party the payment of the Secured Moneys; or (ii) in relation to any of the Secured Property.
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Purposes of appointment. ‌ The Attorney may, in its name or in the name of any Grantor, the State or Receiver, do any of the following: (a) do any thing which ought to be done by any Grantor under this document or any other Project Document;‌ (b) exercise any right, power, authority, discretion or remedy of any Grantor under: (i) this document; (ii) any other Project Document; or (iii) any agreement forming part of the Secured Property; (c) do any thing which in the opinion of the State, Receiver or Attorney is necessary or desirable for securing or perfecting the Security and any Collateral Security; (d) execute in favour of the State any legal mortgage, transfer, assignment and any other assurance of any of the Secured Property; (e) execute deeds of assignment, composition or release; (f) sell or otherwise part with the possession of any of the Secured Property; and‌ (g) generally, do any other thing, whether or not of the same kind as those set out in Clauses 8.2(a) to 8.2(f), which in the opinion of the State, Receiver or Attorney is necessary or desirable: (i) to more satisfactorily secure to the State the payment of the Secured Moneys; or (ii) in relation to any of the Secured Property.
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Purposes of appointment. The Attorney may, in its name or in the name of the Issuing Trustee, Security Trustee or Receiver, at any time after the occurrence of an Event of Default do any of the following: (a) do any thing which ought to be done by the Issuing Trustee under this Deed; (b) exercise any right, power, authority, discretion or remedy of the Issuing Trustee under: (1) this Deed; (2) any other Secured Document; or (3) any agreement forming part of the Charged Property; (c) do any thing which in the opinion of the Security Trustee, Receiver or Attorney is necessary or expedient for securing or perfecting the Charge; (d) execute in favour of the Security Trustee any legal mortgage, transfer, assignment and any other assurance of any of the Charged Property; (e) execute Deeds of assignment, composition or release in connection with the Charged Property; (f) sell or otherwise part with the possession of any of the Charged Property; and (g) generally, do any other thing, whether or not of the same kind as those set out in clause 10.3 (a) to (f), which in the opinion of the Security Trustee, Receiver or Attorney is necessary or expedient: (1) to more satisfactorily secure to the Security Trustee the payment of the Secured Moneys; or (2) in relation to any of the Charged Property.
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Purposes of appointment. Subject to the terms of the Loan Documents, an Attorney may, in its name or in the name of the Chargor, Chargee or Receiver, at any time after the occurrence of an Event of Default which is subsisting do any of the following:
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Purposes of appointment. The Attorney may, in its name or in the name of the Mortgagor, Mortgagee or Receiver, at any time after the occurrence of an Event of Default do any of the following for so long as an Event of Default is continuing:
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Related to Purposes of appointment

  • Scope of Appointment A. Subject to the conditions set forth in this Agreement, Fund hereby employs and appoints Service Company as Transfer Agent and Dividend Disbursing Agent effective the date hereof. B. Service Company hereby accepts such employment and appointment and agrees that it will act as Fund's Transfer Agent and Dividend Disbursing Agent. Service Company agrees that it will also act as agent in connection with Fund's periodic withdrawal payment accounts and other open-account or similar plans for shareholders, if any. C. Service Company agrees to provide the necessary facilities, equipment and personnel to perform its duties and obligations hereunder in accordance with industry practice. D. Fund agrees to use all reasonable efforts to deliver to Service Company in Kansas City, Missouri, as soon as they are available, all its shareholder account records. E. Subject to the provisions of Sections 20 and 21 hereof, Service Company agrees that it will perform all the usual and ordinary services of Transfer Agent and Dividend Disbursing Agent and as agent for the various shareholder accounts, including, without limitation, the following: issuing, transferring and cancelling share certificates, maintaining all shareholder accounts, preparing shareholder meeting lists, mailing proxies, receiving and tabulating proxies, mailing shareholder reports and prospectuses, withholding federal income taxes, preparing and mailing checks for disbursement of income and capital gains dividends, preparing and filing all required U.S. Treasury Department information returns for all shareholders, preparing and mailing confirmation forms to shareholders and dealers with respect to all purchases and liquidations of Fund shares and other transactions in shareholder accounts for which confirmations are required, recording reinvestments of dividends and distributions in Fund shares, recording redemptions of Fund shares and preparing and mailing checks for payments upon redemption and for disbursements to systematic withdrawal plan shareholders.

  • Terms of Appointment Every separate trustee and co-trustee will be appointed and act subject to the following: (i) all rights, powers and obligations of the Indenture Trustee will apply to and will be exercised or performed by the Indenture Trustee, or the Indenture Trustee and the separate trustee or co-trustee jointly (it being understood that the separate trustee or co-trustee will not be authorized to act separately without the Indenture Trustee joining in the act), except if under the law of a jurisdiction in which a particular act or acts are to be performed the Indenture Trustee will be incompetent or unqualified to perform those act or acts, in which event those acts will be exercised and performed singly by the separate trustee or co-trustee, but solely at the direction of the Indenture Trustee; (ii) no trustee will be personally liable by reason of an act or omission of another trustee under this Indenture; and (iii) the Indenture Trustee may accept the resignation of or remove a separate trustee or co-trustee.

  • Types of Appointment Regular Employment The Employer may fill a position with a regular employment appointment for positions scheduled to work twelve (12) months per year. Cyclic Year Employment The Employer may fill a position with a cyclic year appointment for positions scheduled to work less than twelve (12) full months each year, due to known, recurring periods in the annual cycle when the position is not needed or due to known budgetary restraints. At least fifteen (15) days before the start of each annual cycle, incumbents of cyclic year positions will be informed, in writing, of their scheduled periods of leave without pay in the ensuing cycle. Such periods of leave without pay will not constitute a break in service. When additional work is required of a cyclic position during a period for which the position was scheduled for leave without pay, the temporary work will be offered to the incumbent. The incumbent will be allowed at least three (3) working days in which to accept or decline the offer. Should the incumbent decline the work, it will be offered to other cyclic employees, in the same classification, with the necessary skills and abilities, in order of seniority, before being filled by other means. Project Employment The Employer may appoint employees into project positions for which employment is contingent upon state, federal, local, grant, or other special funding of specific and of time-limited duration. The Employer will notify the employees, in writing, of the expected ending date of the project employment. Employees who have entered into project employment without previously attaining permanent status will serve a probationary period. Employees will gain permanent project status upon successful completion of their probationary period. Employees with permanent project status will serve a trial service period when they: a. Promote to another job classification within the project; or b. Transfer or voluntarily demote within the project to another job classification in which they have not attained permanent status. The Employer may consider project employees with permanent project status for transfer, voluntary demotion, or promotion to non-project positions. Employees will serve a trial service period upon transfer, voluntary demotion, or promotion to a non-project position. When the Employer converts a project appointment into a permanent appointment, the employee will serve a probationary or trial service period.

  • Letter of Appointment At the time of hire, or upon change in status, each Nurse shall be provided in writing, with the Nurse’s status as a Regular Nurse; the Nurse’s placement on the increment scale; and where the Nurse is in a Regular or Temporary Position, information describing the Nurse’s position with the Employer, including the designation as to his or her percentage of Full-Time hours.

  • ACCEPTANCE OF APPOINTMENT The Adviser accepts that appointment and agrees to render the services herein set forth, for the compensation herein provided. The assets of the Allocated Portion will be maintained in the custody of a custodian (who shall be identified by the Manager in writing). The Adviser will not have custody of any securities, cash or other assets of the Fund and will not be liable for any loss resulting from any act or omission of the custodian other than acts or omissions arising in reliance on instructions of the Adviser.