Execution and Management Clause Samples
The 'Execution and Management' clause defines the responsibilities and procedures for carrying out and overseeing the agreed-upon tasks or services under a contract. It typically outlines who is authorized to execute the agreement, how the work will be managed, and may specify reporting requirements or performance standards. This clause ensures that both parties understand their roles in implementing the contract and provides a framework for monitoring progress, thereby promoting accountability and effective contract administration.
Execution and Management. As to each Client, subject to the provisions of this Section 2.1, GECC Treasury will establish and confirm the terms of derivative transactions from time to time in the name of such Client and shall execute and deliver or otherwise enter into from time to time one or more derivatives confirmations or agreements evidencing such derivative transactions on behalf of and in the name of such Client as requested by such Client. In its performance of the foregoing obligations, GECC Treasury may appoint, from time to time, at the request of GNA, certain employees of GNA as representatives of GECC Treasury with authority to execute, manage and administer certain derivative transactions on behalf of the Clients in accordance with the terms of such appointment; provided, however, that such appointment shall be in writing and any action taken by any such GNA employee shall be in accordance with GECC’s policies with respect to derivatives transactions as in effect from time to time.