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 provi- sions of the agreement nor to alter, modify or amend any of this agreement. The fees and expenses of the sole arbitrator will be paid on the basis of one-half by the company and one-half by the union.
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. 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 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 Trustee hereunder and under the Operative Documents, and (c) to receive, collect and distribute and deal with the sums due under the Participation Agreement, the Lease Agreement, this Trust Agreement or other Operative Documents, and the proceeds thereof as provided in the Participation Agreement, the Lease Agreement, this Trust Agreement or other Operative Documents (to the extent not payable directly to Certificate Holders by Lessee under the other Operative Documents). Other than as expressly provided in this Trust Agreement, Trustee 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 Majority Certificate Holders.
Limitation of Power. The JSC shall have only such powers as are specifically delegated to it hereunder and will not be a substitute for exercising the rights of the Parties. Without limiting the generality of the foregoing, the JSC shall have no right to amend this Agreement, or any of the ancillary agreements hereto.
Limitation of Power. 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 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 Trustee hereunder, (c) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of Trustee under the Operative Documents, (d) to receive, collect and distribute and deal with the sums due under the Lease and with the Equipment and the proceeds thereof as provided in the Lease, 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.
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.