IMC Responsibilities and AEA Duties Sample Clauses

IMC Responsibilities and AEA Duties. AEA, as the legal owner of the Intertie, a potential issuer of debt related to the Intertie, and the agency charged by statute with various duties affecting or affected by the Intertie, has or may have assigned to it, certain rights, duties, and responsibilities with respect to the Intertie. For example, AS 44.83.396(e) imposes on AEA the duty to (a) review and approve the annual budget for the operation and maintenance of the project, and (b) assure that the project is being operated efficiently and in a manner that is consistent with national standards for the industry and agreements with any bondholders. (See also, Section 8.8,
Sample 1
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IMC Responsibilities and AEA Duties. AEA, as the legal owner of the Intertie, a potential issuer of debt related to the Intertie, and the agency charged by statute with various duties affecting or affected by the Intertie, has or may have assigned to it, certain rights, duties, and responsibilities with respect to the Intertie. For example, AS 44.83.396(e) imposes on AEA the duty to (a) review and approve the annual budget for the operation and maintenance of the project, and (b) assure that the project is being operated efficiently and in a manner that is consistent with national standards for the industry and agreements with any bondholders. (See also, Section 8.8, AEA’s Ability to Perform Required Work.) Subject only to such AEA rights, duties, and responsibilities, the IMC shall be responsible for the management, operation, maintenance, and improvement of the Intertie. The IMC members, Participants, and Users are the beneficiaries of the prudent management of the Intertie and shall bear their respective share of Intertie Costs in accordance with the terms of this Agreement. All Users have a shared and substantial long-term financial interest in the Intertie facilities. The IMC shall undertake responsibility for the prudent management and reliable operation of the Intertie on behalf of AEA, for the benefit of the Participants and Users.
Sample 1
IMC Responsibilities and AEA Duties. AEA, as the legal owner of the Intertie, a potential issuer of debt related to the Intertie, and the agency
Sample 1

Related to IMC Responsibilities and AEA Duties

  • General Duties and Responsibilities 1. Responsibilities under the General Conditions of the Contract for Construction: In addition to the responsibilities herein set forth, Consulting Engineer/Architect agrees to be responsible for those matters identified in the General Conditions as being responsibilities of the Consulting Engineer/Architect. Consulting Engineer/Architect specifically acknowledges receipt of a copy of the General Conditions and acceptance of the responsibilities as set forth therein.

  • Responsibilities and Duties (a) As President and Chief Executive Officer, the Executive shall serve under the board of directors of the Corporation and will perform all duties and will have all powers associated with these positions, as set forth in any job description provided to the Executive by the Corporation or as may be set forth in the bylaws of the Corporation. In addition, the Executive shall be responsible for establishing the business objectives, policies and strategic plans of the Corporation. The Executive shall report directly to the board of directors of the Corporation.

  • Certain Duties and Responsibilities (a) Except during the continuance of an Event of Default,

  • Duties and Responsibilities of Manager During the Term, subject to the provisions of Section 3.1 herein, Manager shall provide, in exchange for the Management Fee, all such services as are necessary and appropriate for the day-to-day administration and management of Practice in a manner consistent with good business practice, including without limitation those services set forth in this Article 2.

  • Position, Duties and Responsibilities During the Term of Employment, Executive shall be employed and serve as the Chief Executive Officer of the Company, reporting directly to the Board, and having such duties and responsibilities commensurate with such position. Executive also agrees to serve as an officer and/or director of any member of the Company Group, in each case, without additional compensation, and, without limiting the foregoing, will serve as a member of the Board at all times Executive serves as the Company’s Chief Executive Officer.

  • Position Duties Responsibilities 3.01 It is contemplated that at all times during the Period of Employment the Executive shall continue to serve as a principal officer of the Company with the office and title of Vice President, General Counsel of the Company and continue to have duties and responsibilities commensurate with those duties and responsibilities imposed on the Executive immediately prior to the Effective Date.

  • Duties and Responsibilities of Trustee The Trustee, prior to the occurrence of an Event of Default and after the curing or waiver of all Events of Default that may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In the event an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security reasonably satisfactory to it against any loss, liability or expense that might be incurred by it in compliance with such request or direction. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that:

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