full exercise definition

full exercise of these activities means that a local authority is to be able to exercise them without interference from higher levels of government. This power is not infinite because the exercise of those competences (operational rules) is framed by rules of the collective choice and constitutional levels. For instance, financial autonomy (without interference from higher level authority) implies that a public authority has taxation powers, or can impose user charges or has access to unconditional grants. Conditional grants are inimical to financial autonomy.
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Related to full exercise

  • Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;

  • Cash Exercise with respect to Warrant Shares; and/or

  • Net Exercise means a Net Exercise as defined in Section 6.3(b)(iii).

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Broker Exercise Notice means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably instructs a broker or dealer to sell a sufficient number of shares or loan a sufficient amount of money to pay all or a portion of the exercise price of the Option and/or any related withholding tax obligations and remit such sums to the Company and directs the Company to deliver stock certificates to be issued upon such exercise directly to such broker or dealer or their nominee.