AUTHORITY AND FUNCTIONS Clause Samples

The "Authority and Functions" clause defines the specific powers, responsibilities, and roles assigned to parties or individuals under an agreement. It typically outlines who has the legal authority to act on behalf of an organization, make decisions, or execute certain tasks, and may detail the scope and limitations of these powers. For example, it might specify that only certain officers can sign contracts or approve expenditures. This clause ensures clarity regarding decision-making authority and helps prevent disputes or unauthorized actions by clearly delineating who is empowered to act and in what capacity.
AUTHORITY AND FUNCTIONS. 11.2.2.1 Subject to the provisions of this Constitution, and deriving its authority from the Members in General- or Special Meeting, the Trustees shall have both the authority and responsibility for the efficient and effective management and control of the business and affairs of the ASSOCIATION. 11.2.2.2 The trustees shall have the right to co-opt any person or persons nominated by it. A co-opted Trustee shall have no voting rights and be subject to all the obligations of the Trustees, provided that such co-opted Trustee shall only serve until the next General Meeting. 11.2.2.3 The Trustees shall be entitled to be reimbursed all reasonable and bona fide expenses incurred by them in or about the performance of their duties as Trustees, and shall also be entitled to reasonable and fair remuneration, fees or salary in respect of the performance of such duties. 11.2.2.4 The trustees shall have the authority to perform the following functions: 11.2.2.4.1 To manage the day-to-day running, including the making, changing and implementing of rules, regulations and byelaws and transact the business of the ASSOCIATION in such manner as it may deem fit and expedient, provided that changes or additions to the rules and regulations shall be reported on at the next General Meeting of the ASSOCIATION. 11.2.2.4.2 To enforce the uniform interpretation of this Constitution and performance of its regulations, rules and byelaws. 11.2.2.4.3 To engage without any favouritism the services of professional officers and any other person/s, professional and otherwise, companies or concerns and upon such terms and conditions as may be deemed expedient. 11.2.2.4.4 To delegate any one or more of its functions and powers to any other committee. 11.2.2.4.5 To prepare and make recommendations regarding repeals or amendments to the ASSOCIATION’s Constitution. 11.2.2.4.6 To develop and implement policies in regard of, but not limited to, investment, procurement, personnel, dispute resolution, promotion and advancement of the objects of the ASSOCIATION and Members’ interests and any other aspect of good governance, the principals of such policies that the ASSOCIATION in Meeting might decide. 11.2.2.4.7 To prepare and propose the budget for the following year, annual management plan and annual capital development plan of the ASSOCIATION. 11.2.2.4.8 To estimate the amount which shall be required by the ASSOCIATION’s expenses in regard of maintenance, control, management, administration, reserv...
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AUTHORITY AND FUNCTIONS. The Director shall provide, in consultation with the Office of Personnel Management, over- all direction of executive branch policies related to preventing conflicts of interest on the part of officers and employees of any executive agency, as defined in section 105 of title 5, United States Code.
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Related to AUTHORITY AND FUNCTIONS

  • AUTHORITY AND PARTIES In accordance with the National Aeronautics and Space Act (51 U.S.C. § 20113(e)), this Agreement is entered into by the National Aeronautics and Space Administration, located at ▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (hereinafter referred to as "NASA") and PRAIRIE VIEW A&M UNIVERSITY located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇-0519 (hereinafter referred to as "Partner" or "PVAMU"). NASA and Partner may be individually referred to as a "Party" and collectively referred to as the "Parties."

  • Authority and Compliance Borrower has full power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of the appropriate governing body of Borrower. No consent or approval of any public authority or other third party is required as a condition to the validity of any Loan Document, and Borrower is in compliance with all laws and regulatory requirements to which it is subject.

  • Outage Authority and Coordination Developer and Connecting Transmission Owner may each, in accordance with NYISO procedures and Good Utility Practice and in coordination with the other Party, remove from service any of its respective Attachment Facilities or System Upgrade Facilities and System Deliverability Upgrades that may impact the other Party’s facilities as necessary to perform maintenance or testing or to install or replace equipment. Absent an Emergency State, the Party scheduling a removal of such facility(ies) from service will use Reasonable Efforts to schedule such removal on a date and time mutually acceptable to both the Developer and the Connecting Transmission Owner. In all circumstances either Party planning to remove such facility(ies) from service shall use Reasonable Efforts to minimize the effect on the other Party of such removal.

  • Authority and No Violation (a) Goldbelt has the necessary corporate power, authority and capacity to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement by Goldbelt, the issuance of the Subscription Shares and the consummation by Goldbelt of the Offer have been duly authorized by the Board of Directors and no other corporate proceedings on its part are necessary to authorize this Agreement, the issuance of the Subscription Shares or the Offer, other than with respect to the Directors’ Circular and other matters relating solely thereto. This Agreement has been duly executed and delivered by Goldbelt and constitutes a legal, valid and binding obligation of Goldbelt, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other applicable Laws affecting creditors’ rights generally, and to general principles of equity. (b) The authorization of this Agreement, the execution and delivery by Goldbelt of this Agreement and the performance by it of its obligations under this Agreement, the issuance of the Subscription Shares and the consummation of the Offer, any Compulsory Acquisition and any Subsequent Acquisition Transaction will not: (i) result (with or without notice or the passage of time) in a violation or breach of or constitute a default under, require an Authorization to be obtained under or give rise to any third party right of termination, amendment, cancellation, acceleration, penalty or payment obligation or right of purchase or sale or pre-emptive or participation right under, any provision of: (A) its or any Goldbelt Subsidiary’s notice of articles, articles, declaration of constitution or other charter documents, the agreements among the shareholders of any Goldbelt Subsidiary or the agreements covering any of Goldbelt’s material joint ventures; (B) any applicable Laws, except to the extent that the violation or breach of, under, any applicable Laws, would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect in respect of Goldbelt; (C) any note, bond, mortgage, indenture, instrument, contract, agreement, lease, letter of intent, letter of offer, Authorization or government grant to which Goldbelt or any Goldbelt Subsidiary is party or by which it is bound, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect in respect of Goldbelt; or (D) any judgment, decree, order or award of any Governmental Entity or arbitrator; (ii) give rise to any right of termination, amendment, acceleration or cancellation of indebtedness of Goldbelt or any Goldbelt Subsidiary, or cause any such indebtedness to come due before its stated maturity, or cause any security interest in any assets of Goldbelt or any Goldbelt Subsidiary to become enforceable or realizable; (iii) give rise to any rights of first refusal or trigger any change in control provisions or any restriction or limitation under any such note, bond, mortgage, indenture, contract, agreement, Authorization or government grant, or result in the imposition of any encumbrance, charge or lien upon any of Goldbelt’s assets or the assets of any of the Goldbelt Subsidiaries, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect in respect of Goldbelt; or (iv) result in the imposition of any Encumbrance or Encumbrances upon any assets of Goldbelt or any Goldbelt Subsidiary, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect in respect of Goldbelt.

  • Governing Law, Regulatory Authority, and Rules The validity, interpretation and enforcement of this Agreement and each of its provisions shall be governed by the laws of the state of New York, without regard to its conflicts of law principles. This Agreement is subject to all Applicable Laws and Regulations. Each Party expressly reserves the right to seek changes in, appeal, or otherwise contest any laws, orders, or regulations of a Governmental Authority.