Additional Authority. Upon any sale or transfer of assets constituting Collateral which is expressly permitted pursuant to the terms of any Loan Document, or consented to in writing by the Required Lenders or all of the Lenders, as applicable, upon at least five (5) Business Days' prior written request by the Borrower, the Administrative Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Administrative Agent for the benefit of the Holders of Secured Obligations herein or pursuant hereto upon the Collateral that was sold or transferred; provided, however, that (i) the Administrative Agent shall not be required to execute any such document on terms which, in the Administrative Agent's opinion, would expose the Administrative Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Secured Obligations or any Liens upon (or obligations of the Borrower or any Subsidiary in respect of) all interests retained by the Borrower or any Subsidiary, including (without limitation) the proceeds of the sale, all of which shall continue to constitute part of the Collateral.
Additional Authority. In addition to the powers and authority expressly conferred on the Board by this Agreement, the Board may exercise all such powers of the Company and do all such acts and things as are not restricted by this Agreement, the MLP Agreement, the Delaware LLC Act or Applicable Law.
Additional Authority. Nothing in this Agreement shall limit in any way Licensee’s obligation to obtain any additional required regulatory approvals or permits from any City department, board, commission, or other governmental agency that has regulatory authority over the Licensee’s proposed activities involving use of the Municipal Facilities in the ROW.
Additional Authority. 10.7.1. The Directors are empowered and vested with all powers necessary for effectuating the purposes of the Cooperative and this Agreement, including, but not limited to, the powers set forth herein or conferred by law, and the following additional powers:
10.7.1.1. To enter into any and all contracts and agreements for carrying out the terms of this Agreement and for the administration of the Cooperative, and to do all acts as they may deem necessary or advisable, and such contracts and agreements and acts shall be binding and conclusive on the parties and the members.
10.7.1.2. To keep property and securities registered in the name of the Cooperative.
10.7.1.3. To the extent allowed by law, to establish and accumulate as part of the Cooperative such a reasonable reserve of funds as the Directors deem necessary or desirable to carry out the purposes of the Cooperative.
10.7.1.4. To establish and carry out a funding policy and method consistent with the objectives of the Cooperative.
10.7.1.5. To set rates for the medical or health care benefits the Cooperative provides to its members.
10.7.1.6. To do all acts, whether or not expressly authorized herein, which the Directors may deem necessary or proper for the protection of the property held hereunder.
10.7.1.7. To appoint a Consultant on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement.
10.7.1.8. To appoint a Fiduciary Agent on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement.
10.7.1.9. To appoint a Third-party Administrator on a yearly or other basis, as the Directors may require, to carry out the provisions of this Agreement.
10.7.1.10. To engage a certified public accountant to perform all services as may be required by applicable law and such other services as the Directors may deem necessary.
10.7.1.11. To employ such administrative, legal, consulting, expert, and clerical assistance, to purchase or lease such premises, materials, supplies, and equipment, and perform such other acts, as the Directors find it necessary or appropriate in the performance of their duties.
Additional Authority. (1) A federal credit union may submit a written re- quest to its regional director seeking expanded authority to purchase loans described in paragraph (b)(2) of this section, if it is not otherwise author- ized by this section. The written re- quest must include the following:
(i) A copy of the credit union’s pur- chase policy;
(ii) The types of eligible obligations under paragraph (b)(2) of this section that the credit union seeks to pur- chase;
(iii) An explanation of the need for additional authority; and
(iv) An analysis of the credit union’s prior experience with the purchase of eligible obligations.
(2) Approval process. A regional direc- tor will provide a written determina- tion on a request for expanded author- ity within 60 calendar days after re- ceipt of the request; however, the 60- day period will not begin until the re- questing credit union has submitted all necessary information to the regional director. The regional director will in- form the requesting credit union, in writing, of the date the request was re- ceived and of any additional docu- mentation that the regional director requires in support of the request. If the regional director approves the re- quest, the regional director will estab- lish a limit on loan purchases as appro- priate and subject to the limitations in this section. If the regional director does not notify the credit union of the action taken on its request within 60 calendar days of the receipt of the re- quest or the receipt of additional re- quested supporting information, which- ever occurs later, the credit union may purchase loans it requested under para- graph (b)(2) of this section.
Additional Authority. The Trustees are hereby empowered, in addition to such other powers as are set forth herein or conferred by law,
(a) to enter into any and all contracts and agreements for carrying out the terms of this Trust Agreement and for the administration of the Trust Fund, and to do all acts as they, in their discretion, may deem necessary or advisable, and such contracts and agreements and acts will be binding and conclusive on the parties hereto and on the Participants involved;
(b) to keep property and securities registered in the name of the Trustees or of the Fund or in the name of any other individual or entity duly designated by the Trustees;
(c) to establish and accumulate as part of the Trust Fund such reasonable reserve funds as the Trustees, in their sole discretion, deem necessary or desirable to carry out the purposes of such Trust Fund;
(d) to pay out of the Trust Fund all real and personal property taxes, income taxes, and other taxes of any and all kinds levied or assessed under existing or future laws upon or in respect to the Trust Fund, or any money, property, or securities forming a part thereof;
(e) to do all acts, whether or not expressly authorized herein, which the Trustees may deem necessary or proper for the protection of the property held hereunder;
(f) to sell, exchange, lease, convey, mortgage, or dispose of any property, whether real or personal, at any time forming a part of the Trust Fund upon such terms as they may deem proper, and to execute and deliver any and all instruments of conveyance, lease, mortgage, and transfer in connection therewith; and
(g) to establish and carry out a funding policy and method consistent with the objectives of the Plan and applicable law.
Additional Authority. (a) No provision of this subchapter shall be construed to preempt or supersede any other program relating to milk or dairy products re- search organized and operated under the laws of the United States or any State.
Additional Authority. In addition, in that circumstance, the Committee as constituted before the Change in Control may, in its sole discretion:
Additional Authority. In order to enable the Authority to exercise its rights and perform its obligations, and subject to and in accordance with applicable law, the Authority shall have the power and authority to do all of the following:
(i) conduct its business and affairs for the benefit of the Parties and their residents;
(ii) enter into, make, and perform contracts of every kind;
(iii) adopt rules and regulations regarding the exercise of its powers and the carrying out of its purposes;
(iv) incur debts, liabilities, and obligations;
(v) borrow money and make, accept, endorse, execute, issue, and deliver notes and other obligations of the Authority for monies borrowed, or in payment for property acquired, or for any of the other purposes, services, or functions contemplated by this Agreement;
(vi) secure the payment of any Authority obligation by mortgage, pledge, deed, indenture, agreement, or other collateral instrument, or by lien upon or assignment of all or any part of the properties, rights, assets, contract, easements, revenues, and privileges of the Authority;
(vii) issue bonds, notes, or other obligations payable from the revenues derived or to be derived from the ETC;
(viii) acquire, hold, lease (as lessor or lessee), sell, or otherwise dispose of any legal or equitable interest in real or personal property;
(ix) apply for and receive grants in its own name;
(x) engage, employ, or appoint agents or service providers, including accountants, architects, attorneys, consultants, employees, engineers, executive directors, and managers, and to pay the direct and indirect reasonable costs for services rendered to the Authority;
(xi) purchase insurance;
(xii) litigate, arbitrate, and / or mediate in its own name;
(xiii) participate in administrative proceeding before the state or federal government and advocate for or against issues before legislative or administrative bodies;
(xiv) receive contributions of gifts, grants, or services; and
(xv) exercise any additional power or authority, not inconsistent with this Agreement, that is necessary or appropriate to carry out the intent of this Agreement.
Additional Authority. The Chairman, Vice-Chairmen, Secretary or Treasurer and the incumbents of any other similar positions which the Partnership Committee may elect to create, may be given other duties either of a general or specific nature by the Partnership Committee, but, in the absence of any such grant of authority, shall not be deemed to have any inherent authority to act for the Partnership except as specifically set forth above or elsewhere in this Agreement.
