Common use of EXERCISE OF POWERS OF CONTROL Clause in Contracts

EXERCISE OF POWERS OF CONTROL. 1.3 Where any obligation in this Agreement is expressed to be undertaking or assumed by any Party, such obligation shall be construed as requiring that Party to exercise all rights and powers of control over the affairs of any other person which that Party is able to exercise (whether directly or indirectly) in order to secure performance of such obligation.

Appears in 2 contracts

Samples: Shareholders Agreement (Morrison Knudsen Corp//), Shareholders Agreement (Morrison Knudsen Corp//)

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EXERCISE OF POWERS OF CONTROL. 1.3 Where any obligation in this Agreement is expressed to be undertaking undertaken or assumed by any Partyparty, such that obligation shall is to be construed as requiring that Party the party concerned to exercise all rights and powers of control over the affairs of any other person which that Party it is able to exercise (whether directly or indirectly) in order to secure performance of that obligation by each such person as if that person were bound by that obligation.

Appears in 2 contracts

Samples: Subscription Agreement, Processing Agreement

EXERCISE OF POWERS OF CONTROL. 1.3 Where any obligation in this Agreement is expressed to be undertaking undertaken or assumed by any Party, such that obligation shall is to be construed as requiring that the Party concerned to exercise all rights and powers of control over the affairs of any other person which that Party it is able to exercise (whether directly or indirectly) in order to secure performance of that obligation by each such person as if that person were bound by that obligation.

Appears in 1 contract

Samples: Emi Programme Agreement

EXERCISE OF POWERS OF CONTROL. 1.3 1.4 Where any obligation in this Agreement is expressed to be undertaking undertaken or assumed by any Partyparty, such that obligation shall is to be construed as requiring that Party the party concerned to exercise all rights and powers of control over the affairs of any other person which that Party party is able to exercise (whether directly or indirectly) in order to secure performance of such the obligation.

Appears in 1 contract

Samples: Agreement (Aether Systems Inc)

EXERCISE OF POWERS OF CONTROL. 1.3 Where any obligation in this Agreement is expressed to be undertaking undertaken or assumed by any Partyparty, such that obligation shall is to be construed as requiring that Party the party concerned to exercise all rights and powers of control over the affairs of any other person which that Party party is able to exercise (whether directly or indirectly) in order to secure performance of such the obligation.

Appears in 1 contract

Samples: Shareholders’ Agreement (AerCap Holdings N.V.)

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EXERCISE OF POWERS OF CONTROL. 1.3 Where any obligation in this Agreement is expressed to be undertaking undertaken or assumed by any a Party, such that obligation shall is to be construed as requiring that the Party concerned to exercise all rights and powers of control over the affairs of any other person which that Party it is able to exercise (whether directly or indirectly) in order to secure performance of that obligation by each such person as if that person were bound by that obligation.

Appears in 1 contract

Samples: Sharing Agreement

EXERCISE OF POWERS OF CONTROL. 1.3 1.4 Where any obligation in pursuant to this Agreement agreement is expressed to be undertaking undertaken or assumed by any Partyparty, such obligation shall be construed as requiring that Party the party concerned to exercise all rights and powers of control over the affairs of any other person which that Party party is able to exercise (whether directly or indirectly) in order to secure performance of such obligation.. SUCCESSORS AND PERMITTED ASSIGNS

Appears in 1 contract

Samples: Shareholders' Agreement (Beijing Med Pharm Corp)

EXERCISE OF POWERS OF CONTROL. 1.3 1.4 Where any obligation in this Agreement is expressed to be undertaking undertaken or assumed by any Partyparty, such that obligation shall is to be construed as requiring that Party the party concerned to exercise all rights and powers of control over the affairs of any other person which that Party it is able to exercise (whether directly or indirectly) in order to secure performance of such the obligation.

Appears in 1 contract

Samples: Shareholders' Agreement (China GrenTech CORP LTD)

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