Operating Committee Organization and Duties Sample Clauses

Operating Committee Organization and Duties. To coordinate the operation of their respective generation, transmission, and substation facilities in order that the benefits of the 1992 Agreement may be realized by the Parties to the fullest practicable extent, the Parties shall establish a committee of authorized representatives to be known as the Operating Committee. Each of the Parties shall designate in writing delivered to the other Party, the person who is to act as its authorized representative (the "OC Representative") on said committee (and the person or persons who may serve as Alternate whenever the OC Representative is unable to act). The OC Representative and Alternate or Alternates shall each be persons familiar with the generation, transmission, and substation facilitates of the system of the Party he represents, and each shall be fully authorized (i) to cooperate with the other OC Representative (or Alternates) and (ii) as the need arises and subject to the declared intentions of the Parties as herein set forth and to the terms hereof and the terms of any other agreements then in effect between the Parties, to determine and agree from time to time upon the following:
Sample 1Sample 2Sample 3See All (5)
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Operating Committee Organization and Duties. To coordinate the operation of the Parties' respective generation, transmission and substation facilities in order that the advantages to be derived under this Agreement may be realized by the Parties hereto to the fullest extent practicable, the Parties shall establish a committee of authorized representatives to be known as the Operating Committee. Each Party shall designate in writing delivered to the other Party, the person who is to act as its representative on the Operating Committee and each person who may serve as alternates whenever such representative is unable to act ("Representatives"). Each of such Representatives shall be persons familiar with the generation, transmission and substation facilities of the system of the Party represented, and each shall be fully authorized (i) to cooperate with the other Representatives and (ii) to determine and agree from time to time, in accordance with this Agreement and with any other relevant agreements then in effect between the Parties, upon the following:
Sample 1Sample 2See All (4)
Operating Committee Organization and Duties. To coordinate the operation of their respective generation, transmission, and substation facilities in order that the benefits of the 1992 Agreement may be realized by the Parties to the fullest practicable extent, the Parties shall establish a committee of authorized representatives to be known as the Operating Committee. Each of the Parties shall designate in writing delivered to the other Party, the person who is to act as its authorized representative (the "OC Representative") on said committee (and the person or persons who may serve as Alternate whenever the OC Representative is unable to act). The OC Representative and Alternate or Alternates shall each be persons familiar with the generation, transmission, and substation facilitates of the system of the Party he represents, and each shall be fully authorized (i) to cooperate with the other OC Representative (or Alternates) and (ii) as the need arises and subject to the declared intentions of the Parties as herein set forth and to the terms hereof and the terms of any other agreements then in effect between the Parties, to determine and agree from time to time upon the following: (i) All matters pertaining to the coordination of maintenance of the generation and transmission facilities of the Parties. (ii) All matters pertaining to the control of time, frequency, energy flow, kilovar exchange, power factor, voltage, and other similar matters bearing upon the satisfactory synchronous operation of the systems of the Parties. (iii) Such other matters not specifically provided for herein upon which cooperation, coordination and agreement as to quantity, time, method, terms and conditions are necessary, in order that the operation of the respective systems of the Parties may be coordinated to the end that the potential benefits anticipated by the Parties will be realized to the fullest extent practicable.
Sample 1

Related to Operating Committee Organization and Duties

  • Corporate Organization, Etc Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada with the requisite corporate power and authority to carry on its business as it is now being conducted and to own, operate and lease its properties and assets, is duly qualified or licensed to do business as a foreign corporation in good standing in every other jurisdiction in which the character or location of the properties and assets owned, leased or operated by it or the conduct of its business requires such qualification or licensing, except in such jurisdictions in which the failure to be so qualified or licensed and in good standing would not, individually or in the aggregate, have a Material Adverse Effect (as defined below) on Company. Company Disclosure Schedule contains a list of all jurisdictions in which Company is qualified or licensed to do business and includes complete and correct copies of Company’s articles of incorporation and bylaws. Company does not own or control any capital stock of any corporation or any interest in any partnership, joint venture or other entity.

  • Outside Activities of the Limited Partners Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Limited Partners, any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership Group. Neither the Partnership nor any of the other Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner.

  • Services and Duties of Investment Sub-Adviser Subject to the general supervision and oversight of the Adviser and the Board of Trustees of the Trust (the “Board”), the Sub-Adviser will:

  • Corporate Organization of the Company (a) The Company has been duly incorporated, is validly existing and in good standing under the Laws of the State of Delaware and has the requisite power and authority to own, lease and operate its assets and properties and to conduct its business as it is now being conducted. The certificate of incorporation and by-laws of the Company previously made available by the Company to Acquiror are true, correct and complete and are in effect as of the date of this Agreement.

  • Organization and Related Matters Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Corporate Organization The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite corporate power and authority to own, operate and lease its properties and to carry on its business as and in the places where such properties are now owned, operated and leased or such business is now being conducted.

  • ESTABLISHMENT AND ORGANIZATION OF THE TRUST Section 2.1. Establishment of the Trust.....................................34 Section 2.2. Office.........................................................34 Section 2.3.

  • POWERS AND DUTIES OF DIRECTORS 88. Subject to the Companies Act, these Articles and to any resolutions passed in a general meeting, the business of the Company shall be managed by the Directors, who may pay all expenses incurred in setting up and registering the Company and may exercise all powers of the Company. No resolution passed by the Company in general meeting shall invalidate any prior act of the Directors that would have been valid if that resolution had not been passed.

  • Appointment and Duties of the Operating Advisor (a) Park Bridge Lender Services LLC is hereby appointed to serve as the initial Operating Advisor. The Operating Advisor shall at all times be an Eligible Operating Advisor. The Operating Advisor shall at all times act in accordance with the Operating Advisor Standard in fulfilling its responsibilities and obligations under this Agreement.

  • Services and Duties of USBFS USBFS shall provide the following accounting services to the Fund:

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