Limitation of Power. 11 SECTION 4.3. Notice of Event of Default......................................... 12 SECTION 4.4.
Limitation of Power. The Sales Representative's authority to act as a representative of PT is strictly limited to those powers expressly conferred herein. The Sales Representative shall have no authority nor shall it hold itself out, as having such to make contracts in the name of or binding on PT, pledge' PT credit or to extend credit in its name. Furthermore, the Sales Representative shall not use the initials "PT" or PT's registered trade names or registered trade marks unless expressly approved by PT in writing.
Limitation of Power. The sole arbitrator shall not be authorized to make any decision inconsistent with the provisions of the agreement not to alter, modify or amend any of this agreement.
Limitation of Power. Certificate Trustee shall have no power, ------------------- right, duty or authority to manage, control, possess, use, sell, lease, dispose of or otherwise deal with the Equipment or any other property at any time constituting a part of the Trust Estate, or otherwise to take or refrain from taking any action under or in connection with the Operative Documents, except (a) to execute and deliver the Operative Documents to which Certificate Trustee is to be a party, (b) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of Certificate Trustee hereunder and under the Operative Documents, (c) to receive, collect and distribute and deal with the sums due under the Lease and the proceeds thereof as provided in the Lease and in this Trust Agreement, and (d) as expressly provided in written instructions from the Required Entities given pursuant to Section 4.3 or 4.4. ----------- --- Other than as expressly provided in this Trust Agreement, Certificate Trustee shall not have the authority to make management decisions relating
Limitation of Power. The sole arbitrator shall not be authorized to make any decision inconsistent with the provisions of the agreement nor to alter, modi- fy or amend any of this agreement. Fees and expenses: The fees and expenses of the sole arbitra- tor will be paid on the basis of one-half by the company and one-half by the union. ARTICLE
Limitation of Power. Notwithstanding the tasks of the Supply Team and the Steering Committee herein (and whether or not issues or disputes are able to be resolved through such process), each Party to this Agreement shall retain the rights, remedies, powers and discretion granted to it hereunder and its obligations hereunder, and neither the Supply Team nor the Steering Committee shall have the power to amend or modify this Agreement, which may be amended or modified only as provided in Section 17.1.
Limitation of Power. The Bank, as Trustee and Lessor, shall have no power, right, duty or authority to manage, control, possess, use, sell, lease, dispose of or otherwise deal with the Equipment or any other property at any time constituting a part of the Trust Estate, or otherwise to take or refrain from taking any action under or in connection with the Operative Documents, except (a) to execute and deliver the Operative Documents to which the Bank, as Trustee and/or Lessor, is to be a party, (b) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the Bank, as Trustee and Lessor, hereunder, (c) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the Bank, as Trustee and/or Lessor, under the Operative Documents, (d) to receive, collect and distribute and deal with the sums due under the Lease and the other Operative Documents and the proceeds thereof as provided in the Lease, the Participation Agreement, the Loan Agreement and in this Trust Agreement, and (e) as expressly provided in written instructions from the Instructing Party given pursuant to Section 3.3 or 3.4. Other than as expressly provided in this Trust Agreement, the Bank, as Trustee and Lessor, shall not have the authority to make management decisions relating to the Trust Estate and may take only ministerial actions without the consent of the Required Lenders (or, if required by the terms of the Operative Documents, all of the Lenders). For purposes of this Trust Agreement, the Grantor shall not have the right to direct the Bank, as Trustee and Lessor, to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the Bank, as Trustee and Lessor, hereunder and under the Operative Documents until the Loan Agreement and Notes have been paid and discharged in full.
Limitation of Power. Any liberty or power which may be exercised or any determination which may be made hereunder by the Bank may be exercised or made reasonably and according to the Bank’s internal policy”.
Limitation of Power. Notwithstanding any of the provisions of these Articles, Snohomish County 911 shall not conduct or carry on activities not permitted to be conducted or carried on by an organization exempt from federal income tax under Sections 115 or the Internal Revenue Code or by an organization, contributions to which are deductible under Section 170(c)(2). No part of the net earnings of Snohomish County 911 shall inure to the benefit of any director (as defined herein), officer (as defined herein) or private individual. No substantial part of the activities of Snohomish County 911 shall be devoted to the carrying on of propaganda, or otherwise attempting to influence legislation except as may be permitted by the Internal Revenue Code, and Snohomish County 911 shall not participate in, or intervene in (including the publication or distribution of statements regarding) any political campaign on behalf of or in opposition to any candidate for public office. Snohomish County 911 shall not have or issue shares of stock, shall not make any disbursement of income to its directors or officers, and shall not make loans to its officers or directors.
Limitation of Power. Notwithstanding any of the provisions of the Articles, the Consolidated Corporation shall not conduct or carry on activities not permitted to be conducted or carried on by an organization exempt from federal income tax under Sections 115 or the Internal Revenue Code or by an organization, contributions to which are deductible under Section 170(c)(2). No part of the net earnings of the Consolidated Corporation shall inure to the benefit of any director (as defined herein), officer (as defined herein) or private individual. No substantial part of the activities of the Consolidated Corporation shall be devoted to the carrying on of propaganda, or otherwise attempting to influence legislation except as may be permitted by the Internal Revenue Code, and the Consolidated Corporation shall not participate in, or intervene in (including the publication or distribution of statements regarding) any political campaign on behalf of or in opposition to any candidate for public office. The Consolidated Corporation shall not have or issue shares of stock, shall not make any disbursement of income to its directors or officers, and shall not make loans to its officers or directors.
