Restrictions on Delegation of Authority Sample Clauses

Restrictions on Delegation of Authority. Notwithstanding any other provisions of this Agreement, the Trustee shall not and is not hereby delegating to the Administrator any authority to manage the following affairs of the Trust: (a) the issue, certification, countersigning, transfer, exchange and cancellation of certificates representing Units; (b) the maintenance of a register of Unitholders; (c) the delivery of distributions to Unitholders, although the calculation of distributions shall be made and approved by the Administrator and submitted out of funds provided to it by the Administrator to the Trustee for distribution to the Unitholders; (d) the mailing of notices, financial statements and reports to Unitholders pursuant to Sections 14.1, 16.2 and 16.3 of the Trust Indenture, although the Administrator shall be responsible for the preparation or causing the preparation of such notices, financial statements and reports; (e) the provision of a basic list of registered Unitholders (as defined in the Trust Indenture) to Unitholders in accordance with the procedures outlined in the Trust Indenture; (f) the amendment or waiver of the performance or breach of any term or provision of this Agreement on behalf of the Trust; (g) the renewal or termination of this Agreement on behalf of the Trust; and (h) any matter which requires the approval of the Unitholders under the terms of the Trust Indenture.
Sample 1
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Restrictions on Delegation of Authority. Notwithstanding any other provisions of this Agreement, the FHT Trustee, as trustee of FHT, and the Corporation, as managing partner of the Partnership, do not hereby delegate to Manager any authority to manage the following affairs of FHT and the Partnership: (a) the offering and issuance of additional Common Shares; (b) the designation of Deferred Royalty Purchase Payments; (c) the approval of participation by FHT or the Partnership in Acquisitions, Dispositions or Development Operations other than as set forth in Article 5; (d) the approval of Capital Expenditures in excess of those permitted by Section 6.7 of the Resources Royalty Agreement; (e) the approval of borrowing limits and policies; (f) the payment of dividends to the Shareholders; (g) the amendment or waiver of the performance or breach of any term or provision of this Agreement on behalf of FHT or the Partnership; (h) the renewal or termination of this Agreement or termination of the Management Period on behalf of FHT or the Partnership; (i) any matter which requires the approval of the unitholders under FHT Indenture; and (j) any matter which requires the approval of the partners under the Partnership Agreement.
Sample 1
Restrictions on Delegation of Authority. Notwithstanding any other provisions of this Agreement, the Corporation does not hereby delegate to Manager any authority to manage the following affairs of the Corporation: (a) the countersigning, transfer, exchange and cancellation of certificates representing Common Shares; (b) the maintenance of a register of Shareholders; (c) the payment of dividends or other distributions to the Shareholders, although the calculation of amounts available for payment of dividends shall be made by Manager and approved by the Board and submitted by Manager to the Corporation for distribution to the Shareholders; (d) the mailing of notices, financial statements and reports to Shareholders pursuant to applicable corporate and securities laws, although Manager shall be responsible for the preparation or causing the preparation of such notices, financial statements and reports; (e) the provision of a basic list of registered Shareholders (as defined in the ABCA) to Shareholders in accordance with the procedures outlined in the ABCA; (f) the amendment or waiver of the performance or breach of any term or provision of this Agreement on behalf of the Corporation; (g) the renewal or termination of this Agreement or termination of the Management Period on behalf of the Corporation; (h) the performance of the duties related to an Offering including: (i) ensuring compliance with all applicable laws; (ii) all matters relating to the content of any Offering Documents, the accuracy of the disclosure contained therein, and the certification thereof; (iii) all matters concerning the terms of, and amendment from time to time of the Material Contracts; (iv) all matters concerning any underwriting or agency agreement providing for the sale of Common Shares or rights to Common Shares; and (v) all matters relating to the redemption of Common Shares; (i) the signing of all prospectuses, annual information forms, management proxy circulars, other Offering Documents and any other documents ancillary or similar thereto required to be signed by the Corporation from time to time, including the signing of any Underwriting Agreements, indemnity agreements or documents ancillary or similar thereto; and (j) any matter which requires the approval of the Shareholders under the ABCA.
Sample 1

Related to Restrictions on Delegation of Authority

  • Delegation of Authority The General Partner may delegate any or all of its powers, rights and obligations hereunder, and may appoint, employ, contract or otherwise deal with any Person for the transaction of the business of the Partnership, which Person may, under supervision of the General Partner, perform any acts or services for the Partnership as the General Partner may approve.

  • Limitation of Authority No person is authorized to make any representations concerning the Funds or the Shares except those contained in the Prospectus of each Fund and in such printed information as the Distributor may subsequently prepare. No person is authorized to distribute any sales material relating to any Fund without the prior written approval of the Distributor.

  • Reservation of Authority Nothing in this subpart shall limit the authority of the Secretary to take action to enforce conditions or violations of law, including actions necessary to prevent evasions of this subpart.

  • Representation of Authority Each individual executing this Agreement on behalf of a party hereto hereby represents and warrants that he or she is, on the date he or she signs this Agreement, duly authorized by all necessary and appropriate action to execute this Agreement on behalf of such party and does so with full legal authority.

  • Termination of Authority Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

  • Limitations of Authority A. Neither Party has authority for or on behalf of the other except as provided in this XXX. No other authority, power, partnership, use of rights is granted or implied. B. This XXX represents the entire XXX by and between the Parties and supersedes all previous letters, understanding or oral agreements between the College and the School District. Any representations, promises, or guarantees made but not stated in the body of this XXX are null and void and of no effect. C. Neither Party may make, revise, alter, or otherwise diverge from the terms, conditions or policies which are subject to this XXX without a written amendment to this XXX. Changes to this XXX are subject to the approval of the College Legal Department. D. Neither Party may incur any debt, obligation expense, or liability or any kind against the other without the other's express written approval.

  • Restrictions on U.S Transfers. Transfers of interests in the Regulation S Global Security to U.S. persons (as defined in Regulation S) shall be limited to transfers made pursuant to the provisions of Section 3.03(h)(C).

  • Restrictions on Use Tenant shall use the Premises and Landlord’s Equipment in a careful, safe and proper manner, shall not commit or suffer any waste on or about Landlord’s Property or with respect to Landlord’s Equipment, and shall not make any use of Landlord’s Property and/or Landlord’s Equipment which is prohibited by or contrary to any laws, rules, regulations, orders or requirements of public authorities, or which would cause a public or private nuisance. Tenant shall comply with and obey all laws, rules, regulations, orders and requirements of public authorities which in any way affect the use or operation of Landlord’s Equipment and the use, operation or occupancy of Landlord’s Property. Tenant, at its own expense, shall obtain any and all permits, approvals and licenses necessary for use of the Landlord’s Equipment and the Premises (copies of which shall be provided to the Landlord), provided that Landlord shall be responsible for obtaining a certificate of occupancy for the Building generally (i.e., as opposed to a certificate of occupancy for the Premises after the performance of any work by Tenant, which shall be Tenant’s responsibility) and any other permits, approvals and licenses necessary generally for the use of Landlord’s Equipment and Landlord’s Property. Tenant shall not overload the floors or other structural parts of the Building; and shall not commit or suffer any act or thing on Landlord’s Property which is illegal, unreasonably offensive, unreasonably dangerous, or which unreasonably disturbs other tenants. Tenant shall not knowingly do or permit to be done any act or thing on Landlord’s Property or with Landlord’s Equipment which will invalidate or be in conflict with any insurance policies, or which will increase the rate of any insurance, covering the Building. If, because of Tenant’s failure to comply with the provisions of this Section or due to any use of the Premises or activity of Tenant in or about Landlord’s Property, the Insurance Costs are increased, Tenant shall pay Landlord the amount of such increase caused by the failure of Tenant to comply with the provisions of this Section or by the nature of Tenant’s use of the Premises. Tenant shall cause any fire lanes in the front, sides and rear of the Building to be kept free of all parking associated with its business or occupancy and in compliance with all applicable regulations. Tenant shall conduct its business at all times so as not to annoy or be offensive to other tenants and occupants in Landlord’s Property. Tenant shall not permit the emission of any objectionable noise or odor from the Premises and shall at its own cost install such extra sound proofing or noise control systems and odor control systems, as may be needed to eliminate unreasonable noise, vibrations and odors, if any, emanating from the Premises being heard, felt or smelled outside the Premises. Tenant shall not place any file cabinets bookcases, partitions, shelves or other furnishings or equipment in a location which abuts or blocks any windows.

  • Restrictions on Lobbying The subrecipient shall not use funds made available to it under this Agreement to pay for, influence, or seek to influence any officer or employee of a State or Federal government.

  • Restrictions on Activities of the Trust Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Trust, so long as any Certificates are outstanding, the Trust shall not, and none of the Trustee, the Delaware Trustee, the Company or the Servicer shall knowingly cause the Trust to, do any of the following: (i) engage in any business or activity other than those set forth in Section 2.01; (ii) incur or assume any indebtedness except for such indebtedness that may be incurred by the Trust in connection with the execution or performance of this Agreement or any other agreement contemplated hereby; (iii) guarantee or otherwise assume liability for the debts of any other party; (iv) do any act in contravention of this Agreement or any other agreement contemplated hereby to which the Trust is a party; (v) do any act which would make it impossible to carry on the ordinary business of the Trust; (vi) confess a judgment against the Trust; (vii) possess or assign the assets of the Trust for other than a Trust purpose; (viii) cause the Trust to lend any funds to any entity, except as contemplated by this Agreement; or (ix) change the purposes and powers of the Trust from those set forth in this Agreement.

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