Revocation of authorisations Clause Samples
The 'Revocation of authorisations' clause defines the process by which previously granted permissions or powers, such as agency or access rights, can be withdrawn by the granting party. Typically, this clause outlines the conditions under which authorisations may be revoked, the required notice period, and the method for communicating revocation to the relevant parties. Its core practical function is to provide a clear mechanism for terminating authorisations, thereby protecting the interests of the authorising party and ensuring that outdated or unwanted permissions do not remain in effect.
Revocation of authorisations any authorisation exemption or undertaking referred to in the Transaction Documents shall be revoked terminated restricted or modified in a manner unacceptable to the Bank or an event or events shall have occurred which in the opinion of the Bank (which opinion shall be conclusive and binding on the Customer(s) makes it improbable that the Customer(s) or the Security Party(ies) will be able to perform or indicates that the Customer(s) or the Security Party(ies) is unwilling to perform his/its/their obligation under the Transaction Documents;
Revocation of authorisations. (i) any authorisation, exemption or undertaking referred to in the Transaction Documents is revoked, terminated, restricted or modified in a manner unacceptable to the Bank;
Revocation of authorisations. Any authorisation, approval, consent, license, exception, filing, registration, notarisation or other requirement necessary to carry on its business as is substantially being carried on the date of execution of this Agreement by the Borroweris modified, revoked or withheld or does not remain in full force and effect, and such modification, revocation, withholding or ineffectiveness is not cured within a period of forty five (45) days from the occurrence thereof or within a period of forty five (45) days from the date of any notice from the Lender regarding such event whichever is later. /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Director / Authorised Signatory
Revocation of authorisations. Any Authorisation required in relation to any Finance Document or any transaction contemplated thereunder is cancelled, revoked or amended and such revocation or amendment might reasonably be expected to have a Material Adverse Effect.
Revocation of authorisations. Any material Authorisation required to be obtained and/or maintained by any Obligor, in connection with each Obligor's entry into the Transaction Documents to which it is a party or in relation to the Assets, or, if the scope of deliveries under the Sale and Purchase Agreement has been expanded to include deliveries of crude oil produced at the Colombian Asset in accordance with Clause 7.3(c) (Discharge by way of Delivery), the Colombian Assets and/or the operations of its business is terminated, modified, cancelled, suspended or revoked or expires without replacement.