Delegated authorities Sample Clauses

Delegated authorities. The Board may grant a set of delegated authorities for the day-to-day operation and management of the Activities.
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Delegated authorities. 19.1. The GLAA delegated authorities are set out in the annual letter of delegation to the Accounting Officer. The GLAA shall obtain the Home Office’s prior approval before: • entering into any undertaking, contract or any other legally binding agreement to incur any expenditure that falls outside the GLAA’s delegation provided by the Home Office; • incurring expenditure for any purpose that is or might be considered novel or contentious, or which has or could have significant future cost implications; • making any significant change in the scale of operation or funding of any initiative or particular scheme previously approved by the Home Office; • making any change of policy or practice which has wider financial implications that might prove repercussive or which might significantly affect the future level of resources required; or • carrying out policies that go against the principles, rules, guidance and advice in Managing Public Money and other government guidance. 19.2. The GLAA Accounting Officer has limited delegated authority for making special payments as set out in the annual delegation letter.
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Delegated authorities. The NHMF shall obtain the Department’s prior written approval before: • entering into any undertaking to incur any expenditure that falls outside the delegations or which is not provided for in the ALB’s annual budget as approved by the Department; • incurring expenditure for any purpose that is or might be considered novel or contentious, or which has or could have significant future cost implications; • making any significant change in the scale of operation or funding of any initiative or particular scheme previously approved by the Department; • redirecting funding provided by the Department for one purpose to other purposes; • making any change of policy or practice which has wider financial implications that might prove repercussive or which might significantly affect the future level of resources required; or • carrying out policies that go against the principles, rules, guidance and advice in Managing Public Money.
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Delegated authorities. 30.1. Arts Council England shall obtain the Department’s prior written approval before: ● entering into any undertaking to incur any expenditure that falls outside the delegations or which is not provided for in Arts Council England’s annual budget as approved by the Department; ● incurring expenditure for any purpose that is or might be considered novel or contentious, or which has or could have significant future cost implications; ● making any significant change in the scale of operation or funding of any initiative or particular scheme previously approved by the Department; ● redirecting funding provided by the Department for one purpose to other purposes; ● making any change of policy or practice which has wider financial implications that might prove repercussive or which might significantly affect the future level of resources required; or ● carrying out policies that go against the principles, rules, guidance and advice in Managing Public Money.
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Delegated authorities. 21.1 The BFI shall obtain the Department’s prior written approval before: • entering into any undertaking to incur any expenditure that falls outside the delegations or which is not provided for in the BFI’s annual budget as approved by the Department; • incurring expenditure for any purpose that is or might be considered novel or contentious, or which has or could have significant future cost implications; • making any significant change in the scale of operation or funding of any initiative or particular scheme previously approved by the Department; • redirecting funding provided by the Department for one purpose to other purposes; • making any change of policy or practice which has wider financial implications that might prove repercussive or which might significantly affect the future level of resources required; or • carrying out policies that go against the principles, rules, guidance and advice in Managing Public Money.
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Delegated authorities. PCA 1. The Director General for Market Frameworks Group, has been given formal delegated authority via the Department's Principal Accounting Officer to exercise a range of authorities and to sub-delegate some of these to you as appropriate. The PCA’s delegated financial authority is set out in an annual financial delegation letter from the BEIS Director General of Market Frameworks. 2. The annual letter sets out that the PCA is delegated the authority to commit resources or incur expenditure against the budgets which the PCA is responsible for administering for the primary purpose of delivering the PCA’s contribution to the departmental objectives. Approval for any novel or contentious expenditure must be obtained from HM Treasury, in the first instance. 3. By accepting this Delegation of Financial Authority, the PCA assumes full accountability and responsibility for ensuring that any financial resources under his/her control are managed, within the rules of ‘Managing Public Money’, in an economic, efficient and effective manner. 4. The PCA should ensure that serious and material issues are escalated to the Director General of Market Frameworks Group. Authority is delegated subject to the conditions listed in the Schedule of Delegations and limited to the amounts set out in the annual approved levy business case.
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Delegated authorities. 18. 1. The National Lottery Community Fund shall obtain the Department's prior written approval before: • entering into any undertaking to incur any expenditure that falls outside the delegations; • incurring expenditure for any purpose that is or might be considered novel or contentious, or_ which has or could have significant future cost implications; • making any significant change in the scale of operation or funding of any initiative or particular scheme previously approved by the Department; • redirecting funding provided by the_ Department for one purpose to other purposes; • . making any change of policy or practice which has wider financial implications that might prove repercussive or which might significantly affect the future level of resources required; or • carrying out policies that go against the principles, rules, guidance and advice in Managing Public Money.
Sample 1
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Related to Delegated authorities

  • Board Authority The Board and/or the Committee shall have the power to interpret this Agreement and to adopt such rules for the administration, interpretation and application of the Agreement as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether any Options have vested). All interpretations and determinations made by the Board and/or the Committee in good faith shall be final and binding upon Optionee, the Company and all other interested persons and such determinations of the Board and/or the Committee do not have to be uniform nor do they have to consider whether optionees are similarly situated. No member of the Board and/or the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to this Agreement.

  • Approvals and Authorizations Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which each Foreign Obligor is organized and existing, and all approvals and consents of each other Person in such jurisdiction, in each case that are required in connection with the Loan Documents.

  • Required Authorizations There is no requirement to make any filing with, give any notice to, or obtain any Authorization of, any Governmental Entity as a condition to the lawful completion of the transactions contemplated by this Agreement.

  • Board Authorization Prior to delivering notice of the proposed terms of an Agency Transaction or a Principal Transaction pursuant to Section 1 (or at such time as otherwise agreed between the Company and the Agents), the Company shall have (i) obtained from its board of directors thereof all necessary corporate authority for the sale of the Shares pursuant to the relevant Agency Transaction or Principal Transaction, as the case may be, and (ii) provided to the Agents a copy of the relevant board resolutions or other authority.

  • Corporate Power; Authorization The Borrower has the corporate power, and has been duly authorized by all requisite corporate action, to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly executed and delivered by the Borrower.

  • Limited Authority The Manager shall have only such authority to purchase, sell, transfer or otherwise acquire or dispose of Investments for the Account of the Principal and the Participants as is specifically provided for in this Agreement. Specifically, and without limitation of the foregoing sentence, the Manager shall not have (a) except as set forth in Section 7 above, the authority to commingle any investments in the Account with the general assets of the Manager or any other person, (b) the duty to advise the Principal or its representatives as to the value of any Investment (except to the extent expressly provided herein) or the advisability of acquiring or disposing of any Investment or to provide analysis of any Investment to the Principal or its representatives, (c) the authority to acquire Investments issued, assumed, guaranteed or insured by the Principal or any affiliate of the Principal, (d) the authority to borrow or incur indebtedness for borrowed money, except for securities lending and reverse repurchase transactions, as defined in Indiana law that meet the requirements of the Indiana Insurance Code, (e) the authority to permit the aggregate value of Investments then loaned or sold to, purchased from or invested in any one business entity to exceed ten (10%) percent of the total assets in the Account, nor (f) the authority to exceed the aggregate limitations for authorized investments by Principal set forth in the Indiana Insurance Code. For purposes of this Agreement, “business entity” means a corporation, limited liability company, association, partnership, joint stock company, joint venture, mutual fund trust, or other similar form of business organization whether organized as for-profit or not-for-profit.

  • Regulatory Matters and Approvals Each of the Parties will give any notices to, make any filings with, and use its reasonable best efforts to obtain any necessary authorizations, consents, and approvals of governments and governmental agencies in connection with the transactions contemplated by this Agreement. Without limiting the generality of the foregoing:

  • Corporate Power and Authority The Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "Amended Agreement").

  • Authorization and Authority Each Lender hereby irrevocably appoints Citibank, N.A. to act on its behalf as the Agent hereunder and under the Notes and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agent and the Lenders, and the Borrowers shall have no rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein (or any other similar term) with reference to the Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

  • Appointment and Authority (a) Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. (b) The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank) and the L/C Issuer hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article IX and Article XI (including Section 11.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto.

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