Authorization of Operator Sample Clauses

Authorization of Operator. In furtherance of the foregoing, Owner authorizes Operator, and Operator agrees to provide, Operation and Maintenance Services and Fuel Services for the Generation Facilities and, as authorized herein, New Investment Services. Owner hereby authorizes Operator to take all actions that, in the discretion and judgment of Operator consistent with Prudent Utility Practice, are deemed necessary or advisable in providing these Operating Services. Owner hereby authorizes Operator, as operator, to take any and all action necessary to comply with all Legal Requirements and to take all action necessary to fulfill any requirements for the safe and reliable operation of the Generation Facilities. The authority vested in Operator shall include, but not be limited to, the authority to incur costs, liabilities, and obligations, to purchase equipment, materials and supplies, to perform and arrange for performance of work, to select and retain contractors, engineers, consultants, architect-engineers, attorneys, accountants and other firms or persons, and to take all actions in connection with the Generation Facilities that are within the scope set forth above. Without limiting the foregoing, the authority vested in Operator shall include the following:
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Authorization of Operator. 6 2.2.1. Plant Operation and Maintenance.................................................6 (a) Staff and Personnel.......................................................7 (b) Licenses and Permits for Generation Facilities............................7 (c) Reductions in Capacity and Outages at Each Plant..........................7 (d) Events About Which Owner is to be Notified................................8 (e) No Changes to Transmission or Distribution Facilities.....................8 (f) Operation in Accordance with Operating Plan...............................9 (g) Point of Interconnection..................................................9 2.2.2. New Investment Services.........................................................9 2.2.3. Fuel Services..................................................................10 2.3 Retirement, Removal or Addition of Generating Facilities...................................10 2.4 Authority to Act as Agent for Owner and Right of Third Parties to Rely on Agency................................................................................11 2.5 Assignment of Contracts; Liability and Allocation of Risks.................................11 2.5.1 Contracts with Third Parties....................................................11 2.5.2
Sample 1
Authorization of Operator. 6 2.2.1. Plant Operation and Maintenance............6 (a) Staff and Personnel................7 (b) Licenses and Permits for Generation Facilities..............7 (c) Reductions in Capacity and Outages at Each Plant..........8 (d) Events About Which Owner is to be Notified..................8 (e) No Changes to Transmission or Distribution Facilities............8 (f) Operation in Accordance with Operating Plan................9 (g)
Sample 1

Related to Authorization of Operator

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Resignation of Operator Subject to Article 4.11, Operator may resign as Operator at any time by so notifying the other Parties at least one hundred and twenty (120) Days prior to the effective date of such resignation.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Maintenance of Operations The Servicer agrees to continue to operate its distribution system to provide service to its customers so long as it is acting as the Servicer under this Agreement.

  • Hours of Operation Account Processing Services will be available for use by Client during standard Fiserv business hours, excluding holidays, as specified in Exhibit A - 3. Account Processing Services may be available during additional hours, during which time Client may use Services at its option and subject to additional charges.

  • Description of Accounting Services on a Continuous Basis PFPC will perform the following accounting services with respect to each Portfolio:

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

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