Maximum Nominations Sample Clauses

The Maximum Nominations clause sets a limit on the number of individuals or entities that can be nominated for a particular role, position, or benefit under an agreement. In practice, this clause might specify that no more than a certain number of candidates can be put forward for a board seat or that only a fixed number of beneficiaries can be named in a trust. By establishing a clear cap, the clause helps prevent disputes or administrative complications that could arise from excessive or ambiguous nominations, ensuring the process remains manageable and transparent.
Maximum Nominations. ‌ The Customer shall not at any time submit and, except as specifically contemplated in this Section 6.4, in no event shall the Company be required to accept, a Storage Nomination which is for an amount of gas in excess of the Storage Demand. For certainty, if the Customer desires to submit a Storage Nomination which is for any amount of gas in excess of the Storage Demand, it must obtain the prior written approval of the Company, which approval is in the sole discretion of the Company and may be arbitrarily withheld. The acceptance of gas in excess of such limitation shall not act as a continuing or future waiver of such limitation, nor require the Company to receive gas in excess of the Storage Demand in the future.
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Maximum Nominations. The Customer shall not, at any time, submit a Nomination which is for an amount of gas in excess of the Injection Capacity or the Withdrawal Capacity, or the hourly restrictions relating thereto, as applicable. Notwithstanding the foregoing, if the Customer desires to submit a Nomination for injection or withdrawal of an amount of gas in excess of the Injection Capacity or the Withdrawal Capacity, or the hourly restrictions related thereto, it may do so upon receipt of prior written authorization of the Company, which authorization shall be in the sole discretion of the Company. Any such authorized excess quantity of gas shall be considered “Authorized Excess Gas” for billing purposes. The acceptance of gas in excess of such limitations shall not act as a continuing or future waiver of such limitations, nor require the Company to receive gas in excess of the Injection Capacity or to deliver gas in excess of the Withdrawal Capacity, as applicable, in the future.
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Maximum Nominations. The Customer shall not, at any time, submit a Nomination which is for an amount of gas in excess of the Contract Demand without first having obtained the prior written authorization of the Company to do so. This limitation on the Customer shall apply notwithstanding that the Company may accept such a Nomination without having first given such written authorization. Authorizations shall be granted in the sole discretion of the Company, and shall not be granted in respect of a Terminal Location which is serviced by a dedicated distribution line.
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Maximum Nominations. The Customer shall not, at any time, submit a Nomination which is for an amount of gas in excess of the Contract Demand (plus UFG) of all Terminal Locations. For certainty, if the Customer desires to submit a Nomination which is for any amount of gas in excess of the Contract Demand (plus UFG) of all Terminal Locations, it must obtain the prior written approval of the Company.
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Related to Maximum Nominations

  • Nominations 4.01 Transportation Services provided hereunder shall be in accordance with the prescribed nominations procedure as set out in Schedule “B 2010” of Union’s C1 Rate Schedule.

  • Nomination The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions: (a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination. (b) The Allottee shall obtain prior written permission of the Promoter and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter. (c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement. (d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.

  • Independent Directors As long as any Trust Obligation is outstanding, the Member shall cause the Company at all times to have at least two Independent Directors who will be appointed by the Member. To the fullest extent permitted by law, including Section 18-1101(c) of the Act, the Independent Directors shall consider only the interests of the Company, including its respective creditors, in acting or otherwise voting on the matters referred to in Section 9(j)(iii). No resignation or removal of an Independent Director, and no appointment of a successor Independent Director, shall be effective until such successor (i) shall have accepted his or her appointment as an Independent Director by a written instrument, which may be a counterpart signature page to the Management Agreement, and (ii) shall have executed a counterpart to this Agreement as required by Section 5(c). In the event of a vacancy in the position of Independent Director, the Member shall, as soon as practicable, appoint a successor Independent Director. All right, power and authority of the Independent Directors shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement. Except as provided in the second sentence of this Section 10, in exercising their rights and performing their duties under this Agreement, any Independent Director 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. No Independent Director shall at any time serve as trustee in Bankruptcy for any Affiliate of the Company.

  • Candidates The Superintendent or designee shall invite all current candidates for the office of Board member to attend:

  • Determinations of Director Pursuant to the Act and Section II of the Agreement and subject to the remaining terms and provisions of the Agreement and all Appendices thereto, the Director hereby determines that the financial assistance to be provided by the OPWC to the Recipient is in compliance with the Act and is provided to the Recipient for the sole and express purpose of financing the Eligible Project Cost and/or reimbursing the Recipient for such Eligible Project Cost.