Power and Authorities Sample Clauses

Power and Authorities. The Trustees may: (a) make, execute, acknowledge and deliver any agreements with any person or corporation, concerning any Trust Funds; (b) open or operate a bank account or bank accounts as may be expedient in the opinion of the Trustees and deposit any cash balances in the hands of the Trustees at any time in any chartered bank or trust company or credit union, and for the purposes of the Trust, draw, make, endorse, deposit and deal in cheques, bills of exchange, promissory notes, drafts, or any security documents of any nature or kind, with such bank or trust company or credit union, provided that the signing authority for any such bank accounts or trust company accounts or credit union accounts which are opened shall require the signatures of three (3) persons, being two (2) Trustees (one of whom must be any of the Community Council appointed Trustees and the other, any of the Adult Resident appointed or elected Trustees) and one (1) of the Community Council administration officers, and for such purposes the signatures of such persons shall be valid and binding upon the Trust, and all such forms as may be required to open bank accounts, or trust company accounts or credit union accounts, operate same and related matters, shall be completed in the required manner and on the forms required by such bank or trust company account or credit union account; (c) employ professional financial and/or investment advisors, brokers, solicitors, Auditors, accountants and agents, deemed by the Trustees to be helpful for the proper settlement or administration of the Trust, and to do so without any liability for any neglect, omission, misconduct, or default of any such employed person, provided such employed person was selected and retained with reasonable care, and determine and pay reasonable compensation for all charges associated with the use of such professional services; (d) following notice to, and approval by, the Community Council, provided the Community Council are not parties adverse in interest, prosecute, defend or settle any suits, actions or other proceedings affecting them or the Trust; (e) make, or refrain from making, any election, determination or designation permitted by any statute or regulation enacted by Parliament or by a Legislature of a province of Canada or by any other legislative or governmental body of any other country, which exercise of discretion by the Trustees shall be binding upon all of the beneficiaries of this Trust; (f) invest th...
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Power and Authorities. The Trustees may: (a) make, execute, acknowledge and deliver any agreements with any person or corporation, concerning any Trust Funds; (b) direct Manitoba to establish separate accounts for the Claims Account and the Community Development Account in The Northern Affairs Fund, and all such forms as may be required to establish and open the accounts in The Northern Affairs Fund and related matters, shall be completed in the required manner and on the forms required by Manitoba for The Northern Affairs Fund; (c) direct Manitoba to maintain separate accounting records for the Claims Account and the Community Development Account; (d) deliver any cash balances in the hands of the Trustees at any time to Manitoba for deposit in the Claims Account or Community Development Account, or both, in The Northern Affairs Fund and transfer by Manitoba of all or a portion of the Trust Funds not immediately required by the Community to the Minister of Finance to be held in Manitoba’s Consolidated Fund as authorized under The Northern Affairs Act, and for the purposes of the Trust, draw, make, endorse, deposit and deal in cheques, bills of exchange, promissory notes, drafts, or any security documents or any nature or kind with Manitoba; (e) direct Manitoba to invest the Trust Funds in The Northern Affairs Fund and in Manitoba’s Consolidated Fund in accordance with the guidelines set forth in Appendix 3 and to retain any portion of Financial Proceeds originally transferred to the Trustees pursuant to this Indenture as an authorized investment of the Trust, for all purposes of this Trust, for such length of time as they consider necessary; (f) for the purposes of the Trust, requisition withdrawals from the accounts in The Northern Affairs Fund held and administered by Manitoba, provided that for any requisition, the signing authority shall require the signatures of any two (2) Trustees, and a requisition from the Claims Account, in the form approved by Manitoba, shall be accompanied by a copy of the decision of a Claims Officer or Appeal Claims Officer and other requisitions shall be accompanied by a copy of a Council Resolution approving a Community proposal, plan or initiative and written confirmation by the Trustees of the expenditures to be made in the new fiscal year, and for such purposes the signatures of such persons and such attached documentation shall be valid and binding upon the Trust; (g) employ professional financial and/or investment advisors, brokers, solicito...
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Power and Authorities. Subject to the terms of the Plan and each Award Agreement, the Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it deems necessary or desirable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or desirable. Any decision of the Committee in the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but not limited to, participants and their beneficiaries or successors).
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Related to Power and Authorities

  • Power and Authority The Servicer has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement have been duly authorized by the Servicer by all necessary corporate action.

  • Power and Authorization The Company is duly incorporated, validly existing and in good standing under the laws of its state of incorporation, and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Exchange contemplated hereby.

  • Full Power and Authority Buyer represents that it has full power and authority to enter into this Agreement.

  • Legal Power and Authority It has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. It is an entity duly organized, validly existing and in good standing under the laws its jurisdiction of organization.

  • Corporate Power and Authority The Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "Amended Agreement").

  • Corporate Power and Authorization The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

  • Requisite Power and Authority Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

  • Existence, Power and Authority If not a natural person, the Borrower is duly organized, validly existing and in good standing under the laws of the State of its incorporation or organization and has the power and authority to own and operate its assets and to conduct its business as now or proposed to be carried on, and is duly qualified, licensed and in good standing to do business in all jurisdictions where its ownership of property or the nature of its business requires such qualification or licensing. The Borrower is duly authorized to execute and deliver the Loan Documents, all necessary action to authorize the execution and delivery of the Loan Documents has been properly taken, and the Borrower is and will continue to be duly authorized to borrow under this Agreement and to perform all of the other terms and provisions of the Loan Documents.

  • Organization; Power and Authority The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the Notes and to perform the provisions hereof and thereof.

  • Powers and authority It has the power to enter into and perform, and has taken all necessary action to authorise the entry into and performance of, the Finance Documents to which it is or will be a party and the transactions contemplated by those Finance Documents.

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