Source of Power Clause Samples

The 'Source of Power' clause defines the legal or contractual authority under which a party is empowered to enter into and perform the obligations of the agreement. Typically, this clause specifies that the party has obtained all necessary approvals, consents, or authorizations required by law, corporate governance, or other governing documents. For example, a corporation may confirm that its board of directors has approved the transaction, or a government entity may reference statutory authority. The core function of this clause is to ensure that each party has the legitimate capacity and authority to be bound by the contract, thereby reducing the risk of unenforceability due to lack of proper authorization.
Source of Power. The source of power to the Rural System Operator shall be from Off‐Grid Renewable Energy System operated by renewable fuel and shall be treated as only source of power to the Rural System Operator.
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Source of Power. Calpine shall provide Commonwealth with electric energy produced from the Geyers Units, except that Commonwealth and Calpine acknowledge and agree that since the ISO requires scheduled deliveries of electric energy to be deemed delivered with an imbalance process mandating the purchase of electric energy from the ISO to account for Under-deliveries of scheduled electric energy, Calpine may substitute imbalance energy provided by the ISO for scheduled energy Calpine fails to deliver hereunder, and any such imbalance energy so delivered shall be deemed to satisfy Calpine's obligations hereunder. Calpine shall provide Commonwealth with Green Tickets in respect of any such imbalance energy, at no additional charge to Commonwealth.
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Source of Power. Each participatory agency delegates to the Group only those powers, which are necessary to the functioning of the Group as, described in those Articles, reserving all other powers not specifically necessary for such functioning. The participating agencies expressly agree that they shall be liable for the payment of all insurance premiums contracted for on behalf of their agency.
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Source of Power use any form of light, power or heat other than electric current or gas. However the tenant may use alternative methods of power or lighting (other than an exposed flame) during any period of power failure or power restrictions; or
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Related to Source of Power

  • Exercise of power 18.6.1 The failure, delay, relaxation or indulgence by a party in exercising a power or right under this agreement is not a waiver of that power or right. 18.6.2 An exercise of a power or right under this agreement does not preclude a further exercise of it or the exercise of another right or power.

  • Exercise of Powers All of the powers, remedies and rights of the Collateral Agent as set forth in this Agreement may be exercised by the Collateral Agent in respect of any Security Document as though set forth in full therein and all of the powers, remedies and rights of the Collateral Agent as set forth in any Security Document may be exercised from time to time as herein and therein provided.

  • Grant of Power (a) Each Partner by its signature below irrevocably makes, constitutes and appoints each General Partner its true and lawful attorney in its name, place and stead in any capacities, with the power from time to time to substitute or resubstitute one or more others as such attorney, and to make, execute, swear to, acknowledge, verify, deliver, file, record and publish any and all documents, certificates or other instruments which may be required or deemed desirable by the General Partners to (i) effectuate the provisions of any part of this Agreement or any amendments to this Agreement, (ii) enable the Partnership to conduct its business, (iii) comply with any applicable law in connection with the Partnership’s conduct of its business, or (iv) retain professional services, including accounting and legal counsel, for the Partnership (including, without limitation, the waiver on behalf of the Partnership and each Partner of any conflict arising from such professional’s representation of another client on matters in which the interests of the Partnership, any Partner or any affiliate of the Partnership or any Partner may be adverse to such other client). (b) If the Partnership owns Class A Shares or Class B Shares, then each Partner by its signature below irrevocably makes, constitutes and appoints each of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇., ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, each then serving director of ▇▇▇▇▇▇ Management, Inc., a Delaware corporation, or its successor in interest, and the then serving general counsel of each Company, its true and lawful attorney in its name, place and stead in any capacities, with the power from time to time to substitute or resubstitute one or more others as such attorney, to execute any and all statements under Section 13 or Section 16 of the Securities Exchange Act of 1934, and the rules and regulations promulgated thereunder, of beneficial ownership of Class A Shares and Class B Shares by the Partnership and its Partners, including all statements on Schedule 13D and all amendments thereto, all joint filing agreements pursuant to Rule 13d-1(k)(1) under such Act in connection with such statements, all initial statements of and changes of beneficial ownership on Forms 3, 4 and 5 and any and all other documents to be filed with the Securities and Exchange Commission, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission. (c) Each Partner grants to said attorney or attorneys-in-fact, and each of them, full power and authority to do so and to perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney or attorneys-in-fact or any of them or their substitutes or resubstitutes, may lawfully do or cause to be done by virtue of this Section 11.1.

  • Cloud Computing State Risk and Authorization Management Program In accordance with Senate Bill 475, Acts 2021, 87th Leg., R.S., pursuant to Texas Government Code, Section 2054.0593, Contractor acknowledges and agrees that, if providing cloud computing services for System Agency, Contractor must comply with the requirements of the state risk and authorization management program and that System Agency may not enter or renew a contract with Contractor to purchase cloud computing services for the agency that are subject to the state risk and authorization management program unless Contractor demonstrates compliance with program requirements. If providing cloud computing services for System Agency that are subject to the state risk and authorization management program, Contractor certifies it will maintain program compliance and certification throughout the term of the Contract.

  • Cloud Computing State Risk and Authorization Management Program (TX-RAMP In accordance with Senate Bill 475, Acts 2021, 87th Leg., R.S., pursuant to Texas Government Code, Section 2054.0593, Contractor acknowledges and agrees that, if providing cloud computing services for System Agency, Contractor must comply with the requirements of the state risk and authorization management program and that System Agency may not enter or renew a contract with Contractor to purchase cloud computing services for the agency that are subject to the state risk and authorization management program unless Contractor demonstrates compliance with program requirements. If providing cloud computing services for System Agency that are subject to the state risk and authorization management program, Contractor certifies it will maintain program compliance and certification throughout the term of the Contract.