Powers Reserved Clause Samples

The "Powers Reserved" clause defines which rights, authorities, or powers are retained by a particular party, often the governing body or the original grantor, rather than being delegated or transferred. In practice, this clause specifies that certain decisions, approvals, or actions—such as amending the agreement, making key policy changes, or exercising oversight—remain exclusively with the reserving party. By clearly delineating these retained powers, the clause ensures that critical controls are not inadvertently surrendered, thereby maintaining oversight and protecting the interests of the party reserving such powers.
Powers Reserved. The Board does not have any of the powers identified in this subsection (b). Expressly identifying specific powers reserved is not intended to expand, by negative implication, the powers granted above to the Board.
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Powers Reserved. The Board of Directors shall have all legal powers not inconsistent with this Interlocal Member Agreement.
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Powers Reserved. Exclusively to Each of CMC, MCH and HH. Notwithstanding the foregoing, the authority to take the following actions shall be reserved exclusively to the Board of Directors of CMC and the Board of Trustees of each of MCH and HH regarding its respective hospital: 3.9.3.1 Subject to the limitations below, the investment and expenditure of any of the Hospitals’ Restricted Assets (as defined below) held by the Hospitals both before and after the Affiliation Date or the Pre-affiliation Assets (as defined below) held by the Hospitals on the Affiliation Date (collectively the “Hospital Endowment”). The charitable assets comprising each Hospital Endowment shall be used solely for the benefit of the patient population served by the Hospital that owns the Hospital Endowment, and any Restricted Assets shall be used in accordance with the applicable restrictions. Restricted Assets are those assets that are subject to donor restrictions and recorded on the Hospital’s financial statements as “restricted”,” including those identified in the attached Schedule 3. (a) Pre-affiliation Assets are the cash reserves, board-designated reserves, surplus assets and other assets held by the Hospitals on the Affiliation Date and recorded on each Hospital’s financial statements as unrestricted assets, as well as certain parcels of real estate not required for the operation of the Hospital as identified on Schedule 3.9.3.1 (b) The current Pre-affiliation Assets of each Hospital are set forth in Schedule 3.9.3.1(b) of this Agreement, which schedule will be updated by each Hospital on the Affiliation Date. While the use of the Hospital Endowment of each Hospital is reserved to the CMC, MCH and HH Boards respectively, the Hospitals have agreed that in order to achieve the goals of the Affiliation and ensure System optimization, Pre-affiliation Assets may not be spent for a purpose or in an amount that would be inconsistent with the strategic plan of the System, be detrimental to the System or have a Material Adverse Effect on the finances or creditworthiness/bond rating(s) of the System or the Hospitals, taking into account, among other things, both the amount of any capital expenditure and the future operating costs resulting from any capital expenditure. The Hospitals further agree that, subject to approval by its Board, the Pre- affiliation Assets may be utilized to support any future financing at the Hospital or System levels CONFIDENTIAL: PRIVILEGED COMMON INTEREST MATERIALS Execution...
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Powers Reserved. At any time during the term of the Agreement, LDC reserves the right to exercise street trading powers in its own name in relation to the Designated Streets, should LDC consider it necessary in the interests of good governance.
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Related to Powers Reserved

  • Rights Reserved The rights and remedies of the parties under this warranty are in addition to any other rights and remedies of the parties provided by law or equity, including, without limitation, actual damages, and, as applicable and awarded under the law, to a prevailing party, reasonable attorneys’ fees and costs.

  • Margin of Preference and Reservations 32.1 A margin of preference may be allowed on locally manufactured goods only when the contract is open to international tendering, where the tender is likely to attract foreign goods and where the contract exceeds the threshold specified in the Regulations. 32.2 For purposes of granting a margin of preference on locally manufactured goods under international competitive tendering, a procuring entity shall not subject the items listed below to international tender and hence no margin of preference shall be allowed. The affected items are: a) motor vehicles, plant and equipment which are assembled in Kenya; b) furniture, textile, foodstuffs, oil and gas, information communication technology, steel, cement, leather agro-processing, sanitary products, and other goods made in Kenya; or c) goods manufactured, mined, extracted or grown in Kenya. 32.3 A margin of preference shall not be allowed unless it is specified so in the TDS.

  • Loop Reservations 2.9.3.1 For a Mechanized LMU, ONS may reserve up to ten (10) Loop facilities. For a Manual LMUSI, ONS may reserve up to three (3) Loop facilities. 2.9.3.2 ONS may reserve facilities for up to four (4) business days for each facility requested through LMU from the time the LMU information is returned to ONS. During and prior to ONS placing an LSR, the reserved facilities are rendered unavailable to other customers, including BellSouth. If ONS does not submit an LSR for a UNE service on a reserved facility within the four (4)-day reservation timeframe, the reservation of that spare facility will become invalid and the facility will be released. 2.9.3.3 Charges for preordering Manual LMUSI or Mechanized LMU are separate from any charges associated with ordering other services from BellSouth. 2.9.3.4 All LSRs issued for reserved facilities shall reference the facility reservation number as provided by BellSouth. ONS will not be billed any additional LMU charges for the Loop ordered on such LSR. If, however, ONS does not reserve facilities upon an initial LMUSI, ONS’ placement of an order for an advanced data service type facility will incur the appropriate billing charges to include SI and reservation per Exhibit A of this Attachment. 2.9.3.5 Where ONS has reserved multiple Loop facilities on a single reservation, ONS may not specify which facility shall be provisioned when submitting the LSR. For those occasions, BellSouth will assign to ONS, subject to availability, a facility that meets the BellSouth technical standards of the BellSouth type Loop as ordered by ONS.