Secured Party's Representative Clause Samples

The 'Secured Party's Representative' clause designates an individual or entity to act on behalf of the secured party in matters related to the security agreement. This representative is typically authorized to exercise rights, make decisions, and take actions such as enforcing security interests or managing collateral. By clearly identifying who can act for the secured party, the clause ensures efficient administration and communication, and helps prevent disputes over authority or representation.
Secured Party's Representative. The Secured Party hereby authorizes the entity from time to time acting as the Disbursement Agent under the Disbursement Agreement to, from time to time, act on its behalf hereunder. Until the Secured Party notifies Securities Intermediary and Pledgor to the contrary, any such Disbursement Agent shall be a "representative" (as defined in Section 1-201(35) of the Code) of the Secured Party and, as such, any Entitlement Orders or other instructions or actions issued or taken by such Disbursement Agent hereunder shall be as effective as if issued or taken directly by the Secured Party.
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Secured Party's Representative. The Secured Party hereby authorizes the entity acting from time to time as the Disbursement Agent under the Disbursement Agreement to, from time to time, act on its behalf hereunder. Until the Bank Agent notifies the Securities Intermediary and Pledgor to the contrary, any such Disbursement Agent shall be a "representative" (as defined in Section 1-201(35) of the Code) of the Secured Party and, as such, any entitlement orders or other instructions or actions issued or taken by such Disbursement Agent hereunder shall be as effective as if issued or taken directly by the Secured Party. This SECOND MORTGAGE NOTES COMPANY COLLATERAL ACCOUNT AGREEMENT (this "Agreement") is dated as of [ ], 2002 and entered into by and among ▇▇▇▇ LAS VEGAS, LLC, a Nevada limited liability company ("▇▇▇▇ Las Vegas"), ▇▇▇▇ LAS VEGAS CAPITAL CORP., a Nevada corporation ("Capital Corp."), ▇▇▇▇ DESIGN & DEVELOPMENT, LLC, a Nevada limited liability company ("Wynn Design" and, jointly and severally with ▇▇▇▇ Las Vegas and Capital Corp., "Pledgor"), ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, a [ ], as Indenture Trustee under the Second Mortgage Notes Indenture (in such capacity herein called "Secured Party"), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as custodian and securities intermediary for the Pledgor and Secured Party (in such capacity, "Securities Intermediary").
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Secured Party's Representative. ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇▇., the Sellers’ Executive Vice President and Chief Financial Officer, is so designated and authorized to act hereunder.
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Related to Secured Party's Representative

  • City’s Representative The City hereby designates ▇▇▇ ▇▇▇▇▇, or his or her designee, to act as its representative for the performance of this Agreement (“City’s Representative”). City’s Representative shall have the power to act on behalf of the City for all purposes under this Contract. Consultant shall not accept direction or orders from any person other than the City’s Representative or his or her designee.

  • Safety Representative On every job site, workers may elect a Workers’ Safety Representative in accordance with the Act.

  • Project Representative City shall designate a Project Manager to represent City in coordinating this Project with Consulting Engineer/Architect, with authority to transmit instructions and define policies and decisions of City.

  • Contractor Representative Contractor designates *** as the Contractor Representative. Notification of a change in Contractor Representative shall be provided in advance, in writing, to Owner. The Contractor Representative is a Key Person.

  • Project Representatives The Contractor designates the following individual as project representative for all matters concerning this Agreement: ▇▇▇ ▇▇▇▇▇▇▇▇▇, Principal ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Phone: ▇▇▇.▇▇▇.▇▇▇▇ Email: ▇▇▇@▇▇▇▇.▇▇▇ The Authority designates the following individual as Contract Administrator/project representative to be the initial point of contact for all matters concerning this Agreement: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇, Authority Buyer ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Phone: ▇▇▇.▇▇▇.▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ Except for changes to the performance schedule (not including the project’s completion date), the designated project representatives shall have no authority to make promises or binding obligations on behalf of the Authority, as such authority rests with the duly authorized persons executing this Agreement.