Intent of the Participants Sample Clauses

Intent of the Participants. The Participants will exert reasonable best efforts to create and implement the Process as described herein. The objectives of the Process are to: a. provide load-serving entities that are served from the Duke or Progress transmission systems an opportunity to fully participate in the electric Transmission Planning Process; b. preserve the integrity of the current reliability and least-cost integrated Resource Planning Process utilized to plan the expansion of the Duke and Progress (sometimes hereinafter collectively referred to as the "investor-owned utilities") transmission systems, which process shall be known as the "Reliability Planning Process"; c. expand the Transmission Planning Process to include analysis and consideration of: (i) increased transmission import capability to provide greater access to generation resources outside the investor-owned utilities' control areas; (ii) potential enhancements to the Duke and Progress transmission systems in order to enhance access to generation resources within the existing control areas for which there are no existing contractual arrangements; and (iii) increased transmission capability to provide for transactions that go through or out of the investor-owned utilities' control areas to an external control area; d. provide an opportunity for stakeholders of the process to request economic studies to evaluate the means to increase transmission access to potential supply resources inside and outside the control areas of Duke and Progress, which process shall be known as the Local Economic Study Process; e. provide an opportunity for stakeholders of the process to identify any public policies that are driving the need for local transmission upgrades, which process shall be known as the Local Public Policy Process; f. integrate the Reliability Planning Process, the Local Economic Study Process and the Local Public Policy Process for the areas that are served by the Participants for the purpose of ultimately developing a single coordinated transmission expansion plan that appropriately balances costs, benefits and risks associated with the use of transmission and generation resources; g. create the OSC, consisting of representatives from the participating investor• owned utilities, municipalities and electric cooperatives and the Administrator, as provided for herein and in the document entitled "Scope - Oversight/Steering Committee (OSC)"(the "OSC Scope Document"); h. create the PWG, consisting of representativ...
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Intent of the Participants. The Participants will exert reasonable best efforts to implement the Process described in Attachment N-1 of the Joint OATT.
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Related to Intent of the Participants

  • Permitted Participants; Effect Any Lender may at any time sell to one or more entities (“Participants”) participating interests in any Outstanding Credit Exposure owing to such Lender, any Note held by such Lender, any Commitment of such Lender or any other interest of such Lender under the Loan Documents. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, such Lender shall remain the owner of its Outstanding Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such Lender had not sold such participating interests, and the Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under the Loan Documents.

  • Employment of the Manager The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s assets, to administer its affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • Plan Terminations Promptly and in any event within two Business Days after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Employment of the Adviser The Trust hereby employs the Adviser to manage the investment and reinvestment of the Fund's assets and to administer its affairs, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Adviser hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

  • Plan Termination The Plan Sponsor reserves the right to terminate this Plan in accordance with one of the following, subject to the restrictions imposed by Section 409A and authoritative guidance:

  • Participant’s Representations In the event the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), at the time this Option is exercised, Participant shall, if required by the Company, concurrently with the exercise of all or any portion of this Option, deliver to the Company his or her Investment Representation Statement in the form attached hereto as Exhibit B.

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • Reasonable Accommodation for Applicants / Employees with Disabilities The contractor must be familiar

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