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  • Delegation of Signature Authority

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    osama_ah
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    "First Party" hereby delegates to the "Second Party" the authority to represent, act and sign on behalf of the "First Party", to the scope, extent and limitation set forth. Listed below are examples of the delegated authorities permitted. This delegation of authority becomes effective upon the date of its signature by the "Parties" and shall henceforth remain valid and in force unless otherwise altered or invalidated.

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    "First Party" hereby delegates to the "Second Party" the authority to represent, act and sign on behalf of the "First Party", to the scope, extent and limitation set forth. Listed below are examples of the delegated authorities permitted. This delegation of authority becomes effective upon the date of its signature by the "Parties" and shall henceforth remain valid and in force unless otherwise altered or invalidated.

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    31 views2 pages

    Delegation of Signature Authority

    Uploaded by

    osama_ah
    "First Party" hereby delegates to the "Second Party" the authority to represent, act and sign on behalf of the "First Party", to the scope, extent and limitation set forth. Listed below are examples of the delegated authorities permitted. This delegation of authority becomes effective upon the date of its signature by the "Parties" and shall henceforth remain valid and in force unless otherwise altered or invalidated.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    DelegationofSignatureAuthority

    BACKGROUND WhereasfullexecutiveandadministrativepowerisvestedintheFirstPartybyResolution No. .. dated , inherent within this power is the authority to sign contracts binding the Companyandtodelegateandpermitthefurtherdelegationofsuchauthorityasdescribedwithin theTermshereinafter,and Notingthedynamicsofbusinessthatoftenrequiresavailabilityofanappropriatelevelofauthority toconductnegotiationsonbehalfoftheCompany,andtoensureexpedienceindecisionmaking, and In consideration of the long history of excellent ethical and professional conduct known of the SecondParty TheFirstPartyherebydelegatestotheSecondPartytheAuthoritytorepresent,actandsignon behalfoftheFirstPartytothescope,extentandlimitationsetforth. DEFINITIONS FirstParty SecondParty Parties Company SCOPEOFDELEGATEDAUTHORITY Thepurposeofthisadministrativedelegationistofacilitatedecisionmakingthusenablingthe SecondPartytoprovidetimelyactionsthat,intheprofessionaljudgementofFirstPartyare deemedintheinterestoftheCompany. Listedbelowareexamplesofthedelegatedauthoritiespermitted. 1. 2. 3. 4. 5. 6. 7. Sign. Negotiate..% Signcontractagreementsforsubconsultancyservices,tothelimitof.. etc. etc. etc.

    LIMITATIONS UnlessspecificapprovalisgrantedbytheFirstPartytotheSecondParty,theauthority entrustedpursuanttothisdelegationcannotbefurthersubdelegated. ThisdelegationdoesnotvitiateorinvalidatetheobligationupontheSecondPartytoreportasset forthbythePartiesorasmayberequiredbytheFirstPartywithregardtoactionsandintended businessplans. VALIDITY This delegationofauthoritybecomeseffective uponthedateofitssignaturebythePartiesand shallhenceforthremainvalidandinforceunlessotherwisealteredorinvalidatedbyconsentofthe Parties GOVERNINGLAW ThisauthorizationisgovernedbytheLawsof...Anydisputearisingthereofshallbeamicably resolvedbetweentheParties.Failuretoachievesuchresolution,..

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