Special power definition
Special power means a power, the permissible appointees of which do not include the donee, his or her estate, his or her creditors, or the creditors of his or her estate.
Special power means any investment or business opportunity or prospective economic or competitive advantage that (i) is presented to or becomes known to an officer of the Corporation who is not also an officer or director of AOL or ODC or any of their Subsidiaries or Affiliates (other than the Corporation), (ii) occurs or arises solely in the Territory and (iii) involves opportunities, activities or operations of a type or nature which the Corporation is then pursuing or conducting (i.e., accepting advertising from a local provider of products or services, or advertising directed solely in the Territory from an international provider of products or services as opposed to advertising by an international provider of products or services directed both within and outside of the Territory) as opposed to opportunities, activities or operations of a type which the Corporation is not then conducting (i.e., offering a new product, technology or service not then being offered by the Corporation).
Special power means a power exercisable only in favor of one or more persons not including the donee, the donee’s estate, the donee’s creditors or the creditors of the donee’s estate and, when exercisable in favor of a class, so limited in size by descrip- tion of the class that in the event of nonexercise of the power a court can make distribution to persons within the class if the donor has failed to provide for this contingency.
Examples of Special power in a sentence
This Special power will remain in effect until the Concession Contracts have ended from all aspects, unless it is early revoked by the undersigned through a document signed and delivered to the attorneys-in-fact.
Special power and electricity must be pre-approved at least four weeks prior to the Race Expo.
More Definitions of Special power
Special power means any power conferred under Part 4 or section 31, 35(4) or (5) or 48;
Special power means a power exercisable only in favor of one or more persons not including the donee, his estate, his creditors, or the cred- itors of his estate and, when exercisable in favor of a class, so limited in size by description of the class that in the event of non-exercise of the power distribution can be made under section 12 to persons within the class if the donor fails to provide for this contingency;