Powers Coupled with an Interest Sample Clauses
A "Powers Coupled with an Interest" clause defines a situation where an individual or entity is granted authority (a power) to act on behalf of another, and this authority is directly linked to a personal or financial interest in the subject matter. For example, an agent who is given the power to sell property and is also entitled to a portion of the proceeds holds a power coupled with an interest. This type of power is generally irrevocable, even if the person granting the power dies or becomes incapacitated, because the agent’s own interest is at stake. The core function of this clause is to protect the agent’s rights and ensure that their authority cannot be unilaterally revoked, thereby providing security and certainty in transactions where the agent has a vested interest.
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Powers Coupled with an Interest.ÌýThe rights and powers granted in this Section 4 to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Purchase Contract Agent or any Holder nor by the lapse of time. The obligations of the Securities Intermediary under this Section 4 shall continue in effect until the termination of the Pledge.
Powers Coupled with an Interest.ÌýAll authorizations and agencies herein contained with respect to the Collateral are irrevocable and powers coupled with an interest.
Powers Coupled with an Interest.ÌýThe rights and powers granted in this Agreement to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Purchase Contract Agent or any Holder nor by the lapse of time. The obligations of the Securities Intermediary under this Purchase Contract and Pledge Agreement shall continue in effect until the termination of the Pledge.
Powers Coupled with an Interest.ÌýAll powers, authorizations and agencies contained in this Subordination Agreement are coupled with an interest and are irrevocable until the Senior Obligations are indefeasibly paid in full in cash.
Powers Coupled with an Interest.ÌýAll powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Senior Obligations are paid in full.
Powers Coupled with an Interest.ÌýAll authorizations and agencies herein contained with respect to the Collateral are powers coupled with an interest and are irrevocable until the payment in full of the Loans, the Reimbursement Obligations and, to the extent then due and owing, all other Obligations, the termination of the Revolving Credit Commitments and the expiration, termination or return to the Issuing Lender of any Letters of Credit.
Powers Coupled with an Interest.ÌýThe rights and powers granted in this Article III to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Property Trustee or the Issuer Trust nor by the lapse of time. The obligations of the Securities Intermediary under this Article III shall continue in effect until the termination of the Pledge with respect to any and all Collateral.
Powers Coupled with an Interest.ÌýAll powers, authorizations and agencies contained in this Security Agreement are coupled with an interest and are irrevocable until this Security Agreement is terminated and the Liens created hereby are released.
Powers Coupled with an Interest.ÌýAll powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until the Lender Obligations are paid in full and the commitments under the Credit Agreements are terminated.
Powers Coupled with an Interest.ÌýAll authorizations and agencies granted or provided herein with respect to the Collateral, including the powers granted under clause (a) of this Section 5.9, are irrevocable and powers coupled with an interest.