Section 3.02. Manager Authority Sample Clauses

Section 3.02. Manager Authority. The Manager shall have the authority (i) to monitor the 26 activities of the Members and the Participating Vessels and to take other similar actions as may 27 be necessary to ensure compliance by the Members and their Permits and Participating Vessels 28 with this Agreement and other Sector requirements as may be adopted under the terms of this 29 Agreement or the Sector’s Bylaws, as well as applicable laws, rules and regulations, and (ii) 30 subject to the authority and direction of the Board or a committee delegated thereby pursuant to 31 this Agreement, the Sector’s Bylaws or any other agreement relating to the Sector’s internal 32 governance, to enforce this Agreement, including specifically, without limitation, the authority to 33 impose “stop fishing” orders and penalties as set forth in the Schedule of Penalties (as hereinafter 34 defined). The Manager shall also act as the liaison between GARFO and the Sector.
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Section 3.02. Manager Authority. The Manager shall have the authority (i) to monitor the 2 activities of the Members and the Participating Vessels and to take other similar actions as may 3 be necessary to ensure compliance by the Members and their Permits and Participating Vessels 4 with this Agreement and other Sector requirements as may be adopted under the terms of this 5 Agreement or the Sector’s Bylaws, as well as applicable laws, rules and regulations, and (ii) 6 subject to the authority and direction of the Board or a committee delegated thereby pursuant to 7 this Agreement, the Sector’s Bylaws or any other agreement relating to the Sector’s internal 8 governance, to enforce this Agreement, including specifically, without limitation, the authority to 9 impose “stop fishing” orders and penalties as set forth in the Schedule of Penalties (as hereinafter 10 defined). The Manager shall also act as the liaison between NMFS and the Sector.
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Section 3.02. Manager Authority. The Manager shall have the authority (i) to monitor the 14 defined). The Manager shall also act as the liaison between NMFS and the Sector.
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Related to Section 3.02. Manager Authority

  • Proper Authority Each Party represents and warrants that the person executing this Grant Agreement on its behalf has full power and authority to enter into this Grant Agreement.

  • Developer Authority Consistent with Good Utility Practice and this Agreement, the Developer may take whatever actions or inactions with regard to the Large Generating Facility or the Developer Attachment Facilities during an Emergency State in order to (i) preserve public health and safety, (ii) preserve the reliability of the Large Generating Facility or the Developer Attachment Facilities, (iii) limit or prevent damage, and (iv) expedite restoration of service. Developer shall use Reasonable Efforts to minimize the effect of such actions or inactions on the New York State Transmission System and the Connecting Transmission Owner’s Attachment Facilities. NYISO and Connecting Transmission Owner shall use Reasonable Efforts to assist Developer in such actions.

  • Authority of the Asset Manager (a) Except as set forth in Section 2(e) below and in any guidance as may be established from time to time by the managing member of the Series or the Advisory Board, the Asset Manager shall have sole authority and complete discretion over the care, custody, maintenance and management of the Series #TICKER Asset and to take any action that it deems necessary or desirable in connection therewith. The Asset Manager is authorized on behalf of the Series to, among other things: (i) purchase and maintain insurance coverage for the Series #TICKER Asset for the benefit of the Series; (ii) engage third party independent contractors for the care, custody, maintenance and management of the #TICKER Asset; (iii) develop standards for the care and transportation of the Series #TICKER Asset while in and outside of storage, as applicable; (iv) reasonably make all determinations regarding the calculation of fees, expenses and other amounts relating to the Series #TICKER Asset paid by the Asset Manager hereunder; (v) deliver invoices to the managing member of the Company for the payment of all fees and expenses incurred by the Series in connection with the maintenance and operation of the Series #TICKER Asset and ensure delivery of payments to third parties for any such services; and (vi) generally perform any other act necessary to carry out its obligations under this Agreement. (b) The Asset Manager shall have full responsibility for the maintenance of the Series #TICKER Asset and handling of inspections. (c) The Asset Manager shall devote such time to its duties under this Agreement as may be deemed reasonably necessary by the Asset Manager in light of the understanding that such duties are expected to be performed only at occasional or irregular intervals. (d) The Asset Manager may delegate all or any of its duties under this Agreement to any Person who shall perform such delegated duties under the supervision of the Asset Manager on such terms as the Asset Manager shall determine. (e) Notwithstanding any other provision of this Agreement to the contrary, the Asset Manager shall not have the authority to: (i) acquire any asset or service for an amount equal to or greater than 1% of the value of the Series #TICKER Asset as of such date, individually, or 3% of the value of the Series #TICKER Asset as of such date, in the aggregate, without the prior consent of the managing member of the Series; or (ii) sell, transfer or convey the Series #TICKER Asset, provided, however, that the Asset Manager may deliver to the managing member of the Company any offers received by the Asset Manager to purchase the Series #TICKER Asset and any research or analysis prepared by the Asset Manager regarding the potential sale of the Series #TICKER Asset, including market analysis, survey results or information regarding any inquiries received and information regarding potential purchasers.

  • Authority of the Administrator Each of the parties to this Indenture acknowledges that the Issuer and the Owner Trustee have each appointed the Administrator to act as its agent to perform the duties and obligations of the Issuer hereunder. Unless otherwise instructed by the Issuer or the Owner Trustee, copies of all notices, requests, demands and other documents to be delivered to the Issuer or the Owner Trustee pursuant to the terms hereof shall be delivered to the Administrator. Unless otherwise instructed by the Issuer or the Owner Trustee, all notices, requests, demands and other documents to be executed or delivered, and any action to be taken, by the Issuer or the Owner Trustee pursuant to the terms hereof may be executed, delivered and/or taken by the Administrator pursuant to the Administration Agreement.

  • Plenary authority of the Board of Trustees The Sub-Adviser and Adviser both acknowledge that the Fund is a mutual fund that operates as a series of the Trust under the authority of the Board of Trustees.