Specific Responsibilities of Managing Member Sample Clauses

Specific Responsibilities of Managing Member. As the manager of the Company, the Managing Member shall take all actions consistent with applicable law and Good Utility Practice to assure that the Company has the following characteristics: (i) the Company will be independent of any Market Participant; (ii) the Company will maintain the short term reliability of the Transmission System; (iii) the Company will be a member of, or will otherwise obtain services from, one or more approved host RTOs and operate a Control Area (or Control Areas) within such RTOs which may include Subordinate Load Balancing Areas operated by certain Members on behalf of the Company pursuant to agreement (if determined appropriate, the Company may become an RTO); (iv) all Transmission Assets operated by the Company will be part of one or more approved RTOs and the Members will not be separate transmission owners under the RTOs; (v) the Company will administer rate schedules and employ transmission pricing system(s); (vi) the Company will create mechanisms to manage and accurately price transmission congestion employing market mechanisms when and where feasible; (vii) the Company will develop and implement procedures to address parallel path flow issues; (viii) the Company will plan, coordinate and build, in its own name where permitted, necessary transmission additions and upgrades; (ix) the Company will establish ratings and operating procedures for facilities under its control; (x) the Company will set transmission maintenance and outage schedules; and (xi) the Company will coordinate maintenance for generators located within its Transmission System.
Sample 1
AutoNDA by SimpleDocs

Related to Specific Responsibilities of Managing Member

  • Activities of Manager The obligations of Manager pursuant to the terms and provisions of this Management Agreement shall not be construed to preclude Manager from engaging in other activities or business ventures, whether or not such other activities or ventures are in competition with Owner or the business of Owner.

  • Duties and Responsibilities of Manager During the Term of this Agreement, subject to the provisions of Section 3.1, Manager shall provide, in exchange for the Management Fee described herein, all such services as are necessary and appropriate for the day-to-day administration and management of Provider’s business in a manner consistent with good business practice, including, without limitation, those services set forth in this Article 2.

  • Specific Responsibilities In addition to its overall responsibility for monitoring and providing a forum to discuss and coordinate the Parties’ activities under this Agreement, the JSC shall in particular:

  • ALPS’ Responsibilities In connection with its performance of TA Web, ALPS shall:

  • Duties of Managers Except as provided in this Agreement, in exercising their rights and performing their duties under this Agreement, the Managers shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware.

  • Joint Responsibilities In performing the Development Efforts, each party shall

  • Duties of Manager The Manager, at its own expense, shall furnish the following services and facilities to the Trust:

  • Delegation of Responsibilities The Advisor is authorized to delegate any or all of its rights, duties and obligations under this Agreement to one or more sub-advisors, and may enter into agreements with sub-advisors, and may replace any such sub-advisors from time to time in its discretion, in accordance with the 1940 Act, the Advisers Act, and rules and regulations thereunder, as such statutes, rules and regulations are amended from time to time or are interpreted from time to time by the staff of the Securities and Exchange Commission ("SEC"), and if applicable, exemptive orders or similar relief granted by the SEC and upon receipt of approval of such sub-advisors by the Board of Trustees and by shareholders (unless any such approval is not required by such statutes, rules, regulations, interpretations, orders or similar relief).

  • Responsibilities of the Parties 7.1. Rostelecom and the User bear responsibility for non-fulfillment or improper fulfillment of their responsibilities in the Agreement in accordance with the current law of the Russian Federation, (including the Regulations) and the Agreement.

  • Trust Responsibilities In connection with its use of AVA, the Trust, through its service providers, shall:

Time is Money Join Law Insider Premium to draft better contracts faster.