Continuation of Authority. The Trustee shall have the right to assume, in the absence of written notice to the contrary, that no event constituting a change in the composition or authority of the Named Fiduciary or membership of the Administrative Committee or terminating the authority of any Person, including any Investment Manager, has occurred.
Continuation of Authority. The authority of the Lead Borrower to request Loans and Letters of Credit on behalf of, and to bind, the Borrowers, shall continue unless and until the Agent acts as provided in Section 1A.3, above, or the Agent actually receives
(a) written notice of: (i) the termination of such authority, and (ii) the subsequent appointment of a successor Lead Borrower, which notice is signed by the respective Presidents of each Borrower (other than the President of the Lead Borrower being replaced) then eligible for borrowing under this Agreement; and
(b) written notice from such successive Lead Borrower (i) accepting such appointment; (ii) acknowledging that such removal and appointment has been effected by the respective Presidents of such Borrowers eligible for borrowing under this Agreement; and (iii) acknowledging that from and after the date of such appointment, the newly appointed Lead Borrower shall be bound by the terms hereof, and that as used herein, the term "Lead Borrower" shall mean and include the newly appointed Lead Borrower.
Continuation of Authority. The Master Trustee shall have the right to assume, in the absence of written notice to the contrary, that no event constituting a change in the Plan Administrator, or membership of the Benefit Committee or terminating the authority of any Person, including any Investment Manager, has occurred.
Continuation of Authority. In the event of termination, the CCOG shall have continuing authority to take action upon all applications filed with it prior to receipt of the one-hundred and eighty day (180) day notice of termination, and shall take action with respect thereto as required by the law, regulation or policy established by the entity or individual from which financial or other assistance is being sought by the application. As soon as reasonably possible, CCOG shall transfer authority over such applications to a successor entity, such as the Local Transportation Commission.
Continuation of Authority. THE TRUSTEE SHALL HAVE THE RIGHT TO ASSUME, IN THE ABSENCE OF WRITTEN NOTICE TO THE CONTRARY, THAT NO EVENT CONSTITUTING A CHANGE IN THE COMPOSITION OR AUTHORITY OF THE COMPANY OR MEMBERSHIP OF THE ADMINISTRATIVE COMMITTEE OR TERMINATING THE AUTHORITY OF ANY PERSON, INCLUDING ANY INVESTMENT MANAGER, HAS OCCURRED. 14.6. NO OBLIGATION TO ACT ON UNSATISFACTORY NOTICE. THE TRUSTEE SHALL INCUR NO LIABILITY UNDER THIS AGREEMENT FOR ANY FAILURE TO ACT PURSUANT TO ANY NOTICE, DIRECTION OR ANY OTHER COMMUNICATION FROM ANY INVESTMENT MANAGER, THE COMPANY, THE ADMINISTRATIVE COMMITTEE, OR ANY OTHER PERSON OR THE DESIGNEE OF ANY OF THEM UNLESS AND UNTIL IT SHALL HAVE RECEIVED INSTRUCTIONS IN FORM SPECIFIED IN THIS ARTICLE XIV.
Continuation of Authority. RESOLVED, That all resolutions and delegations relative to the authority of any officer or person to act on behalf of this corporation shall remain in full force and effect until the Bank's receipt of written notice of the revocation or modification of such authority from the person signing below as the Clerk of this corporation or from that person whom the Bank reasonably believes to be authorized to act in this regard on behalf of this corporation. RATIFICATION OF PRIOR TRANSACTIONS RESOLVED, That all action heretofore taken on behalf of this corporation and all instruments, documents, and papers heretofore executed in the name of and on behalf of this corporation concerning this corporation's relationship with the Bank be, and they hereby are, approved, adopted, and ratified. This corporation shall indemnify, defend, and hold the Bank harmless of and from any loss, liability, or damage the Bank may suffer or incur on account of this corporation's relationship with the Bank. REVOCATION OF INCONSISTENT RESOLUTIONS RESOLVED, That any and all resolutions of this corporation which may be in conflict with any of the foregoing resolutions be, and they hereby are, revoked.
Continuation of Authority. RESOLVED, That all resolutions and delegations relative to the authority of any officer or person to act on behalf of this corporation shall remain in full force and effect until the Bank's receipt of written notice of the revocation or modification of such authority from the person signing below as the Secretary of this corporation or from that person whom the Bank reasonably believes to be authorized to act in this regard on behalf of this corporation. RATIFICATION OF PRIOR TRANSACTIONS RESOLVED, That all action heretofore taken on behalf of this corporation and all instruments, documents, and papers heretofore executed in the name of and on behalf of this corporation concerning this corporation's relationship with the Bank be, and they hereby are, approved, adopted, and ratified. REVOCATION OF INCONSISTENT RESOLUTIONS RESOLVED, That any and all resolutions of this corporation which may be in conflict with any of the foregoing resolutions be, and they hereby are, revoked.
Continuation of Authority. RESOLVED, That all resolutions and delegations relative to the authority of any officer or person to act on behalf of this corporation shall remain in full force and effect until the Bank's receipt of written notice of the revocation or modification of such authority from the person signing below as the Secretary of this corporation or from that person whom the Bank reasonably believes to be authorized to act in this regard on behalf of this corporation. RATIFICATION OF PRIOR TRANSACTIONS RESOLVED, That all action heretofore taken on behalf of this corporation and all instruments, documents, and papers heretofore executed in the name of and on behalf of this corporation concerning this corporation's relationship with the Bank be, and they hereby are, approved, adopted, and ratified.
Continuation of Authority. RESOLVED, That all resolutions and delegations relative to the authority of any officer or person to act on behalf of this corporation shall remain in full force and effect until the Bank’s receipt of written notice of the revocation or modification of such authority from the person signing below as the Secretary of this corporation or from that person whom the Bank reasonably believes to be authorized to act in this regard on behalf of this corporation.
Continuation of Authority
