Directing Party Sample Clauses

Directing Party. If, in respect of a Series, a “Directing Party” is specified in the Additional Conditions, then, prior to the Security becoming enforceable, the Issuer shall, if so directed by such Directing Party (i) take such action in relation to the Secured Property and (ii) exercise any rights incidental to the ownership of the Secured Property (including voting rights), provided it will not cause the Issuer to breach any of its obligations. In the event that the Directing Party is the Noteholders, any such direction can only be given by way of Extraordinary Resolution or Written Resolution.
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Directing Party. The person designated in the Plan Service Agreement as having investment authority will direct the investment of all assets in the Trust Fund according to procedures agreed to by the Plan Administrator and the Trustee except to the extent that:
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Directing Party. The person designated in the Plan Service Agreement as having investment authority will direct the investment of all assets in the Trust Fund according to procedures agreed to by the Plan Administrator and the Trustee except to the extent that: (1) The Participant exercises Limited Discretion, in which case the Participant shall provide the Plan Administrator with written instructions as to the investment of the Participant's Account among: (A) the Authorized Funds designated by the Employer, (B) the Managed Accounts maintained at CSTC or the Broker that are invested and reinvested at the direction of the Plan Administrator or a duly appointed Investment Manager, (C) a combination of the investment options described in subparagraphs (A) and (B), or (D) the options provided in subparagraphs (A) or (C) plus any investment company registered under the Investment Company Act of 1940, as amended, which previously was an Authorized Fund designated by the Employer as an investment option, but which is no longer offered as an Authorized Fund. (2) The Employer authorizes Participants to exercise Full Discretion, in which case the Participant shall instruct the Broker as to the investment of assets held by CSTC or the Broker in the Participant's Account in securities that are publicly traded on a national securities exchange, shares or units issued by an investment company registered under the Investment Company Act of 1940, as amended, and obligations issued or guaranteed by the U.S. Government, its agencies and instrumentalities. (3) The Plan Administrator or duly appointed Investment Manager shall direct the investment and reinvestment of any part of the Trust Fund not subject to the Limited Discretion or Full Discretion of the Participants. (4) The Plan Administrator has delegated responsibility for managing all or part of the assets of the Trust Fund for the benefit of all Participants to a duly appointed Investment Manager, in which case the Investment Manager shall direct the investment and reinvestment of such designated portion of the Trust Fund. The Plan Administrator shall direct the investment and reinvestment of any part of the Trust Fund for which responsibility has not been delegated to an Investment Manager or as provided in paragraphs (1) through (3).
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Related to Directing Party

  • Controlling Party (a) The Trustees and the Liquidity Providers hereby agree that, with respect to any Indenture at any given time, the Loan Trustee thereunder will be directed in taking, or refraining from taking, any action under such Indenture or with respect to the Equipment Notes issued thereunder (i) so long as no Indenture Default has occurred and is continuing thereunder, by the holders of at least a majority of the outstanding principal amount of such Equipment Notes (provided that, for so long as the Subordination Agent is the registered holder of the Equipment Notes, the Subordination Agent shall act with respect to this clause (i) in accordance with the directions of the Trustees (in the case of each such Trustee, with respect to the Equipment Notes issued under such Indenture and held as Trust Property of such Trust) constituting, in the aggregate, directions with respect to at least a majority of outstanding principal amount of Equipment Notes except as provided in Section 9.1(b)), and (ii) after the occurrence and during the continuance of an Indenture Default thereunder, in taking, or refraining from taking, any action under such Indenture or with respect to such Equipment Notes, including exercising remedies thereunder (including Accelerating the Equipment Notes issued thereunder or foreclosing the Lien on the Aircraft securing such Equipment Notes), by the Controlling Party. (b) The “Controlling Party” shall be (w) the Class AA Trustee, (x) upon payment of Final Distributions to the holders of Class AA Certificates, the Class A Trustee and (y) upon payment of the Final Distribution to the holders of Class A Certificates, the Class B Trustee. For purposes of giving effect to the provisions of Section 2.6(a) and this Section 2.6(b), the Trustees (other than the Controlling Party) irrevocably agree (and the Certificateholders (other than the Certificateholders represented by the Controlling Party) shall be deemed to agree by virtue of their purchase of Certificates) that the Subordination Agent, as record holder of the Equipment Notes, shall exercise its voting rights in respect of the Equipment Notes so held by the Subordination Agent as directed by the Controlling Party and any vote so exercised shall be binding upon the Trustees and all Certificateholders. The Subordination Agent shall give Written Notice to all of the other parties to this Agreement promptly upon a change in the identity of the Controlling Party. Each of the parties hereto agrees that it shall not exercise any of the rights of the Controlling Party at such time as it is not the Controlling Party hereunder; provided, however, that nothing herein contained shall prevent or prohibit any Non-Controlling Party from exercising such rights as shall be specifically granted to such Non-Controlling Party hereunder and under the other Operative Agreements. (c) Notwithstanding the foregoing provisions of clauses (a) and (b) above, at any time after 18 months from the earliest to occur of (i) the date on which the entire Required Amount as of such date under any Liquidity Facility shall have been drawn (excluding a Downgrade Drawing, a Non-Extension Drawing or a Special Termination Drawing but including (d) The exercise of remedies by the Controlling Party under this Agreement shall be expressly limited by Sections 4.1(a)(ii) and 4.1(a)(iii) hereof. (e) The Controlling Party shall not be entitled to require or obligate any Non-Controlling Party to provide funds necessary to exercise any right or remedy hereunder.

  • Contracting Parties The Government customer (Licensee) is the “Ordering Activity”, “defined as an entity authorized to order under GSA contracts as set forth in GSA ORDER 4800.2G ADM, as may be revised from time to time. The Licensee cannot be an individual because any implication of individual licensing triggers the requirements for legal review by Federal Employee unions. Conversely, because of competition rules, the contractor must be defined as a single entity even if the contractor is part of a corporate group. The Government cannot contract with the group, or in the alternative with a set of contracting parties.

  • Contractor Representative Contractor designates *** as the Contractor Representative. Notification of a change in Contractor Representative shall be provided in advance, in writing, to Owner. The Contractor Representative is a Key Person.

  • Project Representative City shall designate a Project Manager to represent City in coordinating this Project with Consulting Engineer/Architect, with authority to transmit instructions and define policies and decisions of City.

  • City’s Representative The City hereby designates ▇▇▇ ▇▇▇▇▇, or his or her designee, to act as its representative for the performance of this Agreement (“City’s Representative”). City’s Representative shall have the power to act on behalf of the City for all purposes under this Contract. Consultant shall not accept direction or orders from any person other than the City’s Representative or his or her designee.