Purpose and Power Sample Clauses

Purpose and Power. The committee shall have the power to make recommendations of an advisory nature to the bargaining principals on the following areas of concern: (1) jurisdictional areas, number of stewards and bulletin boards pursuant to Article 2.6 of this Agreement; (2) recommendations pursuant to Article 20 (Career Development) of this Agreement; (3) recommendations pursuant to Article 25 (Joint Job Evaluation) of this Agreement; and (4) such other matters referred to the committee by this Agreement.
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Purpose and Power. The purpose and business of the Company shall be the conduct of any business or activity that may be lawfully conducted by a limited liability company organized pursuant to the Delaware Limited Liability Company Act (the “Act”), and the Company shall have all of the powers of a limited liability company conferred by the Act. Any or all of the foregoing activities may be conducted directly by the Company or indirectly through another Company, joint venture or other arrangement.
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Purpose and Power. (a) The Company and, unless otherwise provided in the Series Agreement of a Series, each Series, is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company and each Series is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act and engaging in any and all activities necessary or incidental to the foregoing. (b) The Company and each Series shall have the power and authority to take any action permitted to the Company or such Series under this Agreement (and, with respect to a Series, its Series Agreement) and to do such other things and engage in such other activities related to the foregoing as may be necessary, convenient or incidental to the conduct of the business of the Company or such Series, and the Company shall have the power and authority, to exercise all powers and authorities of and on behalf of a Series hereunder, and the Company and each Series shall have and exercise all of the powers and rights conferred upon limited liability companies formed pursuant to the Act.
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Purpose and Power. The Union and the Employer recognize the mutual value of ongoing joint discussions to promote the cooperative resolution of workplace issues, and to address matters pertaining to working conditions, employment, services and labour-management relations. The Committee shall have the power to consult and make recommendations of an advisory nature to the bargaining Principals on the following areas of concern: (1) issues relating to the workplace that affect the parties or any employee bound by the agreement; (2) jurisdictional areas, number of stewards and bulletin boards pursuant to Clause 2.6 (Bulletin Boards) of this agreement; (3) recommendations pursuant to Article 20 (Career Development) of this agreement; (4) recommendations pursuant to Article 25 (Joint Job Evaluation) of this agreement; and (5) such other matters referred to the Committee by this agreement.
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Purpose and Power. The business purposes for which the Company is formed (collectively, the “Purposes”) are solely as follows: (a) To engage in any and all acts or activities incident to the offering, sale, and issuance of equity security units of the Company and Lazard Ltd (the “Equity Security Units”), including the registration, reporting and maintenance thereof and payment of all costs, expenses or other amounts relating thereto (whether interest, principal or otherwise), including (i) entering into that certain indenture of the Company (the “Lazard Group Finance Indenture”), and any supplement thereto, relating to senior notes due 2035 of the Company (the “Lazard Group Finance Securities”), (ii) entering into that certain pledge agreement on or around the closing of the Equity Security Units offering (the “Pledge Agreement”), (iii) entering into that certain underwriting agreement by and between the Company and the several underwriters party thereto (the “Underwriting Agreement” and, together with the Lazard Group Finance Indenture and Pledge Agreement, the “Equity Security Unit Agreements”), (iv) entering into that certain Registration Rights Agreement on or around the closing of the Equity Security Units offering (the “Registration Rights Agreement”), by and among the Company, Lazard Ltd, Lazard Group and IXIS-Corporate & Investment Bank, and (v) taking such actions, to perform its obligations and exercise all rights and remedies available to it as set forth under or contemplated by the agreements set forth in clauses (i) – (iv) of this paragraph; (b) To prepare, execute, deliver and file with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1 (or other appropriate form) (the “Securities Act Registration Statement”), a Form 8-A and any other relevant securities law filings, relating to the registration of the Equity Security Units under the Securities Act, with such changes, additions or deletions as may have been or may be approved by any of the officers executing the same, together with such exhibits thereto and other documents as may have been or may be necessary or advisable for the purpose of registering the Equity Security Units under the Securities Act, and any amendments thereto as they in their absolute discretion deem necessary or advisable in order to effect the registration of the Equity Security Units, the taking of any such action to be deemed conclusive evidence that the Board and the Company hav...
Sample 1
Purpose and Power. The Company has been formed for the object and purpose of, and the nature of the business to be conducted by the Company is, engaging in any lawful business purpose or activity for which limited liability companies may be formed under the Act, and engaging in any and all activities necessary or incidental to the foregoing. The Company shall possess and may exercise all the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, which are necessary or convenient to the conduct, promotion or attainment of the business, purposes or activities of the Company.
Sample 1
Purpose and Power. The purpose and business of the Company shall be (i) to invest in, acquire, own, manage, operate and maintain a limited gaming establishment in Black Hawk, Colorado known as "Golden Gates", "Golden Gulch" and "Golden Mardi Gras" (collectively, the "Project"); (ii) in connection with the Project, to buy, take, lease, borrow, purchase or otherwise acquire, and to own, use, hold, sell, convey, exchange, improve, develop, lease, manage, dispose of, pledge or mortgage real or personal property, or any interest therein or any services associated therewith; (iii) to obtain financing and refinancing to accomplish the business of the Company; (iv) engage in such other awful activities as the Member deems desirable, and (vii) do any and all other things necessary, desirable or incidental to the foregoing purposes. Furthermore, the Company shall have all of the powers of a limited liability company conferred by the Act.
Sample 1
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Purpose and Power. The purpose and business of the Company shall be the conduct of any business or activity that may be lawfully conducted by a limited liability company organized pursuant to the TBOC, and the Company shall have all of the powers of a limited liability company conferred by the TBOC. Any or all of the foregoing activities may be conducted directly by the Company or indirectly through another Company, joint venture or other arrangement.
Sample 1
Purpose and Power 
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Related to Purpose and Power

  • Purposes and Powers The purpose of the Trust is, and the Trust shall have the power and authority, to engage in the following activities: (a) to acquire, manage and hold the Receivables; (b) to issue the Notes pursuant to the Indenture and the Certificates pursuant to this Agreement, and to sell, transfer or exchange the Notes and the Certificates; (c) to acquire certain property and assets from the Depositor on the Closing Date pursuant to the Trust Sale Agreement and any other Further Transfer Agreements, to make payments to the Noteholders and the Certificateholders, to make deposits into and withdrawals from the Reserve Account and to pay the organizational, start-up and transactional expenses of the Trust; (d) to assign, grant, transfer, pledge, mortgage and convey the Owner Trust Estate pursuant to the terms of the Indenture and to hold, manage and distribute to the Certificateholders pursuant to the terms of this Agreement and the Servicing Agreement any portion of the Trust Estate released from the lien of, and remitted to the Trust pursuant to, the Indenture; (e) to enter into and perform its obligations and exercise its rights under the Basic Documents to which it is to be a party; (f) to engage in those activities, including entering into agreements, that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (g) subject to compliance with the Basic Documents, to engage in such other activities as may be required in connection with conservation of the Owner Trust Estate and the making of distributions to the Securityholders. The Trust shall not engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement or the other Basic Documents. Notwithstanding anything to the contrary in this Agreement or in any other document, neither the Trust nor the Owner Trustee (nor any agent of either person) shall be authorized or empowered to acquire any other investments, reinvest any proceeds of the Trust or engage in activities other than the foregoing, and, in particular neither the Trust nor the Owner Trustee (nor any agent of either person) shall be authorized or empowered to do anything that would cause the Trust to fail to qualify as a grantor trust for United States federal income tax purposes.

  • Existence and Power The Seller is a limited liability company validly existing and in good standing under the laws of the State of Delaware and has, in all material respects, all power and authority required to carry on its business as it is now conducted. The Seller has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets.

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