Supervision of Operations Sample Clauses

Supervision of Operations. Subject to the direction and oversight of the Board of Directors and its authority to delegate, the Manager shall supervise and manage the day-to-day operations of the Partnership, and in furtherance thereof, the Manager shall have authority on behalf of the Partnership to take all actions and make all decisions, other than as provided in Article III. Without limiting the generality of the foregoing, except as otherwise provided in Article III, the Manager shall have the authority, in the name and on behalf of the Partnership: (a) to develop and prepare a business plan each year which will set forth the operating goals and plans for the Partnership; (b) to execute, deliver and perform, or authorize the execution, delivery and performance of, contracts, deeds, leases, licenses, and other instruments in the ordinary course of business; (c) subject to Sections 2.2 and 2.3 hereof to employ, retain, consult with and dismiss such personnel of the Partnership as may be required for the accomplishment of the Partnership's business; (d) to supervise, direct and control such personnel of the Partnership in operating the Partnership's business; (e) to establish and enforce limits of authority and internal controls with respect to all personnel and functions; (f) to engage attorneys, consultants and accountants for the Partnership; (g) to develop or cause to be developed accounting procedures for the maintenance of the Partnership's books of account; (h) to appoint auditors; and (i) to do all such acts as shall be authorized in this Agreement or by the Board of Directors in writing from time to time.
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Supervision of Operations. 4 4.2 Acquisitions.................................. 4 4.3 Payment of Expenses; Liens; Claims............ 4 4.4 No Conditional Sale Contracts, Etc............ 5 4.5 Employment of Personnel....................... 5 4.6 Information................................... 5 4.7 Carrier Status................................ 5 4.8 Compliance with Regulations................... 5 4.9
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Supervision of Operations. Operator shall supervise all operations of ------------------------- the Pipeline for measurement, analysis, dispatching, pumping, and transporting of Products from all points of delivery into or out of the Pipeline.
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Supervision of Operations. 8.1 Each employee shall be under the direct supervision of a Department Manager or his Assistant except in cases of emergency. 8.2 All plant and mechanical operations shall be manned by bargaining unit employees, except in cases of emergency. 8.3 The CMOM crew shall be manned by bargaining unit employees, with the sole exception of a single CMOM Coordinator.
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Supervision of Operations. The day-to-day supervision and administration of VBC’s performance of Services for VRIAC shall be the responsibility of VBC.
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Supervision of Operations. Without prejudice to any other right or recourse, if either Shareholder shall be in Default under Clause 12.01(a), the Non-Defaulting Shareholder may, immediately reduce, curtail or suspend any Business of the Company. If the Defaulting Shareholder is not reinstated in its rights under Clause 12.03(c) within the period allowed for reinstatement, the Non-Defaulting Shareholder may if it chooses, take such action to protect its interest as it shall deem appropriate including, without limitation, suspending or ceasing any operations of the Company or liquidating any Business or property of the Company or any other action permitted to it under this Agreement or at law.
Sample 1
Supervision of Operations 
Sample 1
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Related to Supervision of Operations

  • Statement of Operations Statement of Changes in Net Assets.

  • Continuity of Operations Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • SUSPENSION OF OPERATIONS Concessionaire shall, at the direction of Department, immediately suspend, delay or interrupt Concessionaire’s operation of all or any part of the Concession Premises for such period of time as Department may determine to be appropriate to protect the Concession Premises and/or public health, safety, and welfare due to the occurrence of hazardous work conditions, emergency conditions, and/or any other cause including, but not limited to, Concessionaire's failure to perform any of the covenants, agreements, and conditions contained in this Agreement on its part to be performed. Concessionaire hereby waives any claim, and Department shall not be liable to any party claiming through Concessionaire, for damages, payment abatement, or compensation as a result of Department's actions under this Paragraph or this Agreement. Department's suspension of Concessionaire's operations shall be in addition to any other right or remedy available by law or in equity.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including: 1. Pursuant to the Corporate Accountability for Tax Expenditures Act, 20 ILCS 715, et seq., a discontinuance of operations at the Project during the five-year period after the beginning of the first Taxable Year for which the Department issues a Certificate of Verification shall result in all Credits taken by the Company during such five-year period being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof. 2. Pursuant to Section 5-65 of the Act, discontinuance by the Company of operations at the Project during the term of this Agreement with the intent to terminate operations in the State of Illinois shall result in all Credits taken by the Company being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof.

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and incorporated herein by this reference.

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

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