Right to appoint definition

Right to appoint. The Executive Committee shall have the right to appoint any successor Pool Funds Administrator. In making any such appointment the Executive Committee shall take account of the views (if any) expressed by any Pool Member, the Ancillary Services Provider or the Grid Operator. The appointment of a successor Pool Funds Administrator shall take effect upon the removal or, as the case may be, expiry of the term of appointment of EPFAL as the Pool Funds Administrator.
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Examples of Right to appoint in a sentence

  • Right to appoint 50% of the members of the Product Development and Commercialization Steering Committee (the "Steering Committee").

  • So long as any part of the Obligations are outstanding to any Purchaser and/or any Purchaser owns any Equity Interest in the Company, each such Purchaser will have the Right to appoint one (1) representative as an observer of the Company’s board of directors.

  • To the extent that such action is prohibited under the Insolvency ▇▇▇ ▇▇▇▇ or otherwise at law, the Agent shall not be entitled to exercise its rights under Clause 6.4 (Right to appoint Receiver) solely as a result of the obtaining of a moratorium (or anything done with a view to obtaining a moratorium) under schedule A1 to the Insolvency ▇▇▇ ▇▇▇▇ except with the leave of the court.

Related to Right to appoint

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • the appointed day means the day on which section 30A of the Safeguarding Vulnerable Groups Act 2006 comes into force;

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract.

  • Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.