Enumeration of Powers Sample Clauses

Enumeration of Powers. 17 (a) Power to Borrow from the Lenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 (b) Power to Incur Subordinated Indebtedness. . . . . . . . . . . . . . . . . . . . . . . . . . 18 (c) Power to Incur Pari Passu Swap Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . 19 (d)
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Enumeration of Powers. (a) In addition to its other powers hereunder, the Bontang V Trustee shall have the power to borrow money from time to time from the Lenders upon the terms and conditions set forth below: (i) Upon its receipt of notice from the Producers that they have determined that a credit facility for borrowing by the Bontang V Trustee to pay for a portion of the capital costs incurred, or to be incurred, in connection with the construction or financing of Train G is desirable, the Bontang V Trustee, at the direction of the Producers, shall undertake to obtain such credit facility, which shall be evidenced by the Loan Agreement, the Notes and the Letter Agreement. (ii) The Bontang V Trustee shall have the power to enter into or modify the Loan Agreement, the Notes and the Letter Agreement upon its receipt of notice from Pertamina and each of the Contractors that they have approved the form and terms of such agreements or modifications and that they authorize and request the Bontang V Trustee to enter into such agreements or modifications. The Bontang V Trustee shall have the power to obtain and repay Indebtedness and to pay other amounts and to perform other obligations under the Loan Agreement, the Notes and the Letter Agreement. Notwithstanding the provisions of Section 13.3, no rxxxxxxxxxxxxxx xx the Contractor Groups, any Contractor or any other individual or entity shall have authority to give any approval under this Section 3.1(a) for any Contractor other than itself, unless such Contractor shall give notice to the Bontang V Trustee that it has appointed such representative or other individual or entity to give such approval. (iii) The Loan Agreement, the Notes and the Letter Agreement shall contain provisions acceptable to the Bontang V Trustee to the effect that no recourse may be had nor any claim thereunder made against BankAmerica International in its individual capacity other than for
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Enumeration of Powers. Subject to the other terms and conditions of this Agreement and any restrictions provided in law, Authority shall have the power to: (a) Own, develop, operate, maintain, and administer a public transportation system, or contract with any person, firm, or public agency to use, manage, or operate such transportation system or portions thereof, for public transit purposes; (b) Make and enter into contracts, including contracts with any person, firm, or public agency, to provide public transportation facilities and services, or to improve such facilities and services. (c) Apply for, receive, and utilize all forms of financial assistance available for public transportation facilities or services, including contributions, grants, allocations, loans, revenues, or other assistance from MTC, State, Federal, or other sources available for the planning, acquisition, construction, maintenance, operation, administration, or other support of such facilities or services; provided that, on behalf of Member Jurisdictions, Authority shall further be empowered to directly apply for, receive, and utilize such financial assistance for which Member Jurisdictions are eligible, including, without limitation, TDA funds. The Member Jurisdictions specifically agree to the following provisions relating to funding: 1) Except as specifically provided by Section 2.2, Member Jurisdictions shall not compete with Authority for TDA public transit funds within the Service Area. 2) In contracting for public transportation services as authorized by sub-section 2.1(b) hereof, Authority is empowered as part of and in support of such contract and for the term thereof, to commit itself to apply for, receive, and expend TDA and other financial assistance for which Authority may apply under this sub-section 2.1(b). Member Jurisdictions shall be bound by and carry out such commitment of Authority during the term of such contract, notwithstanding termination of this Agreement, subject to equitable adjustments required by Section 6.9. 3) Member Jurisdictions shall provide such reasonable assurances and perform such reasonable acts, including execution of claims and grant applications, as are reasonably necessary to give effect to this Article. (d) Hire and employ agents and employees, and contract for professional or other consultants and services, and reimburse Member Jurisdictions for the value of services rendered; (e) Adopt By-Laws to further establish and govern the Board of Directors' procedures,...
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Related to Enumeration of Powers

  • Limitation of Powers The Trust is constituted solely for the purpose of making the investment in the Equipment Notes, and, except as set forth herein, the Trustee shall not be authorized or empowered to acquire any other investments or engage in any other activities and, in particular, the Trustee shall not be authorized or empowered to do anything that would cause such Trust to fail to qualify as a "grantor trust" for federal income tax purposes (including as subject to this restriction, acquiring any Aircraft (as defined in the respective Indentures) by bidding such Equipment Notes or otherwise, or taking any action with respect to any such Aircraft once acquired).

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

  • Delegation of Power (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; and (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to the Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of this Trust Agreement, as set forth herein.

  • General Powers The business and affairs of the corporation shall be managed by or under the direction of the board of directors.

  • Exercise of Powers All of the powers, remedies and rights of the Collateral Agent as set forth in this Agreement may be exercised by the Collateral Agent in respect of any Security Document as though set forth in full therein and all of the powers, remedies and rights of the Collateral Agent as set forth in any Security Document may be exercised from time to time as herein and therein provided.

  • Rights and Remedies Upon Breach If Executive breaches or threatens to commit a breach of any of the provisions of this Section 5 (the “Restrictive Covenants”), the Company shall have the following rights and remedies, each of which rights and remedies shall be independent of the other and severally enforceable, and all of which rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the Company under law or in equity:

  • No Waiver of Rights, Powers and Remedies No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.

  • Statutory Powers For the purposes of all powers implied by statute the Secured Obligations shall be deemed to have become due and payable on the date of this Assignment.

  • Specific Powers The Member is authorized on the Company’s behalf to make all decisions as to (i) the sale, lease or other disposition of the Company’s assets; (ii) the purchase or other acquisition of other assets of all kinds; (iii) the management of all or any part of the Company’s assets and business; (iv) the borrowing of money and the granting of security interests in the Company’s assets (including loans from the Member); (v) the repayment, refinancing or extension of any mortgage affecting the Company’s assets; (vi) the compromise or release of any of the Company’s claims or debts; (vii) the payment of pensions and the establishment of pension plans, pension trusts, profit sharing plans, and benefit and incentive plans for the Member and the Company’s employees; (viii) the making of donations to the public welfare or for religious, charitable, scientific, literary or education purposes; (ix) the purchase of insurance on the life of any employee of the Member or the Company; (x) the participation in partnerships, joint ventures or other associations of any kind with any Person or Persons; and (xi) the making of all elections available to the Company under any federal or state tax law or regulations.

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8

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