Powers and Duties of the Company Sample Clauses

Powers and Duties of the Company. 4.1 The powers and duties of the Company, acting by and through the Board, shall be:
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Powers and Duties of the Company. Notwithstanding any other provisions of this Agreement for so long as the Company (i) is a party to the loan documents (the "Loan Documents") evidencing and securing the mortgage loan (the "Mortgage Loan") in the maximum principal amount of $250 million to the Property Owners from Secoxx Xxxancial Corporation (together with its successors and assigns, the "Lender") or is otherwise obligated to take any action under the terms of the Loan Documents, and (ii) any obligations are outstanding under the Mortgage Loan, the Company shall not take any action set forth in items 10.1 through 10.7 below unless such action has been approved by MeriStar SPE LLC ("SPE LLC"):
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Powers and Duties of the Company. The Company shall: (a) process and adjust all FWUA Claims and perform its obligations in compliance with the FWUA's Adjuster Manual and in conformance with generally accepted standards in the claims adjustment business and in a manner comparable to the services performed by the Company in the voluntary market and not in violation of any statute governing unfair claim-handling practices, exercising at all times ordinary care and diligence in the performance of such duties (the "Servicing Standards");
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Powers and Duties of the Company. Subject to the specific limitations stated in this Plan, the Company shall have the following powers, duties, and responsibilities:
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Powers and Duties of the Company. The Company shall administer and -------------------------------- manage the operation of this Agreement in accordance with its terms and shall take such action as is necessary or appropriate to accomplish the Company's duties under this Agreement, including, but not limited to, the powers (i) to appoint attorneys, accountants, investment managers, agents, advisers, and other specialists and their agents incident to the exercise of its duties under the Agreement and (ii) to maintain all necessary records for the administration of the Agreement. Notwithstanding the foregoing provisions of this Section 4.01, the Company's exercise of its powers and fulfillment of its duties and responsibilities hereunder shall be subject to the terms and provisions of the Trust and to the duties and responsibilities assigned hereunder to the Claims Reviewer. The Company shall establish administrative processes and safeguards designed to ensure and to verify that determinations on Claimant applications for payment hereunder are made in accordance with this Agreement, and Sections 3.03 and 3.04 shall not be administered in a way that unduly inhibits or hampers the initiation or processing of Claimant applications for payment hereunder. The Company shall be responsible for preparing and distributing all benefit payment application forms, election forms, election change forms, Beneficiary designation forms, and all other administrative forms and materials necessary for the administration and operation of the terms and provisions of this Agreement.
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Related to Powers and Duties of the Company

  • Powers and Duties of the Trustee The rights, powers, duties and authorities of the Trustee under this Agreement, in its capacity as Trustee of the Trust, shall include:

  • Powers and Duties of the President Subject to the powers of the Chairman, if there be such an officer, the President shall be the principal executive officer of the Trust. The President may call meetings of the Trustees and of any Committee thereof when he deems it necessary and, in the absence of the Chairman, shall preside at all meetings of the Shareholders and the Trustees. Subject to the control of the Trustees, the Chairman and any Committees of the Trustees, within their respective spheres, as provided by the Trustees, the President shall at all times exercise a general supervision and direction over the affairs of the Trust. The President shall have the power to employ attorneys and counsel for the Trust or any Series or Class thereof, and other advisers and agents for the Trust and to employ such subordinate officers, agents, clerks and employees as the President may find necessary to transact the business of the Trust or any Series or Class thereof. The President shall also have the power to grant, issue, execute or sign such powers of attorney, proxies or other documents as may be deemed advisable or necessary in furtherance of the interests of the Trust or any Series or Class thereof. The President shall have such other powers and duties, as from time to time may be conferred upon or assigned to him by the Trustees.

  • Powers and Duties of Trustees Section 3.1 General 6 Section 3.2 Investments 6 Section 3.3 Legal Title 7 Section 3.4 Issuance and Repurchase of Shares 7 Section 3.5 Borrow Money or Utilize Leverage 7 Section 3.6 Delegation; Committees 7 Section 3.7 Collection and Payment 8 Section 3.8 Expenses 8 Section 3.9 By-Laws 8 Section 3.10 Miscellaneous Powers 8 Section 3.11 Further Powers 8 ARTICLE IV Advisory, Management and Distribution Arrangements Section 4.1 Advisory and Management Arrangements 9 Section 4.2 Distribution Arrangements 9 Section 4.3 Parties to Contract 9 ARTICLE V

  • Powers and Duties Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein.

  • 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.

  • DUTIES OF THE COMPANY The Company shall provide Consultant, on a regular and timely basis, with all approved data and information about it, its subsidiaries, its management, its products and services and its operations as shall be reasonably requested by Consultant, and shall advise Consultant of any facts which would affect the accuracy of any data and information previously supplied pursuant to this paragraph. The Company shall promptly supply Consultant with full and complete copies of all financial reports, all fillings with all federal and state securities agencies; with full and complete copies of all stockholder reports; with all data and information supplied by any financial analyst, and with all brochures or other sales materials relating to its products or services.

  • POWERS AND DUTIES OF CUSTODIAN As custodian, the Custodian shall have and perform the powers and duties set forth in this Article II. Pursuant to and in accordance with Article IV hereof, the Custodian may appoint one or more Subcustodians (as hereinafter defined) to exercise the powers and perform the duties of the Custodian set forth in this Article II and references to the Custodian in this Article II shall include any Subcustodian so appointed.

  • Appointment and Duties of the Manager (a) The Company hereby appoints the Manager to manage the assets of the Company subject to the further terms and conditions set forth in this Agreement and the Manager hereby agrees to use its commercially reasonable efforts to perform each of the duties set forth herein. The appointment of the Manager shall be exclusive to the Manager except to the extent that the Manager otherwise agrees, in its sole and absolute discretion, and except to the extent that the Manager elects, pursuant to the terms of this Agreement, to cause the duties of the Manager hereunder to be provided by third parties.

  • Rights and Duties of Members Subject to the provisions of Article 3, members will have all of the rights and powers of members as provided under the Act and as otherwise provided by law.

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