Exercise of Rights and Powers. As far as it is legally practicable, each Party shall exercise all voting rights and powers (direct or indirect) available to it in relation to any Person and/or the Company so that the provisions of this Agreement (and the other agreements referred to in this Agreement) are completely and punctually fulfilled, observed and performed and, generally, that full effect is given to the principles set out in this Agreement.
Exercise of Rights and Powers. The business of the Partnership shall be operated and managed by the General Partner to the best of its ability, in a careful and prudent manner and in accordance with good management practice. The authority of the General Partner to take any action required or permitted under the provisions of this Agreement shall in all respects be exercised in its sole and absolute discretion, and the General Partner shall be required to devote only the time to the performance of its duties and obligations under this instrument as the General Partner shall, in its sole and absolute discretion, determine to be necessary or advisable.
Exercise of Rights and Powers. Any exercise by the Security Agent of any rights or powers under the Transaction Documents that are the same as or similar to any rights or powers conferred on a trustee by the Trustee Xxx 0000 shall be construed solely as the exercise of the relevant rights or powers under the Transaction Documents and not as the exercise of the same or any similar rights or powers under the Trustee Xxx 0000.
Exercise of Rights and Powers. The General Partner shall endeavor to operate and manage the business of the Partnership to the best of its ability, in a careful and prudent manner and in accordance with good industry practice. The authority of the General Partner to take any action required or permitted under the provisions of this Agreement shall in all respects be exercised in its sole and absolute discretion, and the General Partner shall be required to devote only such time to the performance of its duties and obligations hereunder as it shall, in its sole and absolute discretion, determine to be necessary or advisable. The General Partner shall be entitled to deal with its Affiliates in the performance of its duties and obligations under this Agreement, so long as the material terms and conditions of such dealings are not substantially different from the prevailing market terms, conditions and prices available from non-Affiliated third parties.
Exercise of Rights and Powers. Each Shareholder undertakes with the other that (so far as it is legally able) it will exercise all voting rights and powers, direct and indirect, available to it in relation to any person and to the Society so as to ensure the complete and punctual fulfilment, observance and performance of the provisions of this Agreement (and the other agreements referred to in this Agreement) and generally that full effect is given to the principles set out in this Agreement including (without limitation) taking all appropriate steps to enforce this Agreement (and any such other agreements).
Exercise of Rights and Powers. Where any obligation in this Agreement is expressed to be undertaken or assumed by any Party, that obligation is to be construed as requiring the Party concerned to apply commercially reasonable efforts to exercise all voting rights and other powers of corporate or contractual control over the affairs of any Affiliate or Representative of such Party which it is able to exercise (whether directly or indirectly) in order to secure performance of the obligation.
Exercise of Rights and Powers. The business of the Partnership shall be operated and managed by the Managing Partner to the best of its ability, in a careful and prudent manner and in accordance with good industry practice. The authority of the Managing Partner to take any action required or permitted under this Agreement shall in all respects be exercised in its sole and absolute discretion, and the Managing Partner shall be required to devote only such time to the performance of its duties and obligations hereunder as it, in its sole and absolute discretion, determines to be necessary or advisable. Except as otherwise provided in Section 11.01, the Managing Partner shall be entitled to deal with its Affiliates in the performance of its duties and obligations under this Agreement, as long as all terms and conditions of such dealings are not materially more onerous than, or substantially different from, the prevailing market terms, conditions and prices available from non-affiliated third parties.
Exercise of Rights and Powers. FBTS is under no obligation to exercise any of the rights or powers vested in it by this Agreement or the Trust Agreement, or to institute, conduct or defend any action under this Agreement or the Trust Agreement or otherwise in relation to this Agreement, the Trust Agreement or the Plan.
Exercise of Rights and Powers. 13.1 Each Member agrees with the other to exercise, so far as it is able, all rights and powers (direct or indirect) available to it in relation to any member of the Associate Group (including any director, manager or officer of any Associate Group Member) to ensure that the provisions of this Agreement are completely and punctually fulfilled, observed and performed and generally that full effect is given to the principles set out in this Agreement.
Exercise of Rights and Powers. Any exercise by the Collateral Agent of any rights or powers under this Security Agreement that are the same as or similar to any rights or powers conferred on a trustee by the Trustee Act 2000 shall be construed solely as the exercise of the rexxxxxx xights or powers under this Security Agreement and not as the exercise of the same or any similar rights or powers under the Trustee Act 2000.
