Authority to. MODIFY This Agreement shall at all times be subject to such changes or modifications by the Board of Commissioners of the Port of Stockton as it may from time to time direct in the exercise of its jurisdiction.
Authority to. VOTE The representative of a Party, or in his absence his alternate representative, shall be authorized to represent and bind such Party with respect to any matter which is within the powers of the Operating Committee and that is properly brought before the Operating Committee. Each such representative shall have a vote equal to the voting rights of the Participating Interest of the Party such person represents as shown in the section covering the Voting Procedure in Section 5.9
Authority to. Purchase The execution and delivery of this Agreement and the completion of the transaction contemplated hereby has been duly and validly authorized by all necessary shareholder and corporate action on the part of the Purchaser, and this Agreement constitutes a legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms except as limited to laws of general application affecting the rights of creditors.
Authority to. Enter into this Agreement. The officer of the Company whose signature appears below has been authorized to enter into this Agreement on behalf of the Company.
Authority to. Enter into an Agreement List relevant legislation for each agency (eg Public Sector Management Act 1994, Police Act 1892).
Authority to. Obtain The Pool may obtain excess or reinsurance as authorized by law. Appendix A Financial Plan In accordance with the provisions of Section 7, 1951 P.A. 35, as amended by 1988 P.A. 36, the Michigan Municipal League Liability and Property Pool provides the following coverages:
Authority to. Fund the Trust with Letters of Credit. Anything in the Trust to the contrary notwithstanding, including without limitation Sections 2.01(a) and 2.02(a), the Company may at its option, in lieu of depositing and maintaining cash or marketable securities in the Trust, provide the Trustee with one or more irrevocable letters of credit in the Trustee's favor from one or more banks (which may include the Trustee). Any such letters of credit (when added to any cash or marketable securities previously deposited in the Trust) shall be in an aggregate amount at least equal to the cash or marketable securities that otherwise would have to be deposited and maintained in the Trust and shall be delivered to the Trustee not later than the time such cash or marketable securities would otherwise have to be delivered to the Trustee, all in accordance with the terms of the Trust. In the event the Company elects to provide one or more such letters of credit, the Trustee shall draw on the letters of credit to obtain funds to make payments to Executives (and, in the circumstance set forth in Section 5.01(g), to the Trustee) at the times and in the amounts that such payments would be made if cash or marketable securities had been deposited and maintained in the Trust, all in accordance with the terms of the Trust. The Trustee shall not be required to examine any such letters of credit for their validity, to determine the suitability of any such letters of credit to fund the Company's obligations under the Agreements, or to perform any act with respect to any such letters of credit, other than to follow the directions of the Company or the Executives in accordance with the terms of the Trust.
Authority to. Contract Each party signing this Lease Agreement represents and warrants to the other that it has the authority to enter into this Lease Agreement, that the execution and delivery of this Lease Agreement has been duly authorized, and that upon such execution and delivery this Lease Agreement shall be binding upon and enforceable against the party.
Authority to. Debit In respect of all amounts payable by any Obligor under this Agreement or the other Loan Documents, each Obligor hereby irrevocably authorizes and instructs the Agent or any Lender to
Authority to. INVEST. Subject to the control and supervision of IMCO and the Trust's Board of Trustees (the Board), Dresdner, at its own expense, shall have full discretion to manage, supervise and direct the investment and reinvestment of Fund Accounts allocated to it by IMCO from time to time. It is understood that a Fund Account may consist of all, a portion of, or none of the assets of the Fund, and that IMCO has the right to allocate and reallocate such assets to a Fund Account at any time. Dresdner shall perform its duties described herein in a manner consistent with the investment objective, policies, and restrictions set forth in the then current Prospectus and Statement of Additional Information (SAI) for each Fund. Should Dresdner anticipate materially modifying its investment process, it must provide written notice in advance to IMCO, and any affected Prospectus and SAI should be amended accordingly. For each Fund set forth on Schedule A to this Agreement, Dresdner shall provide investment advice only with respect to the discrete portion of the Fund's portfolio allocated to it by IMCO from time to time and shall not consult with any other subadviser of such Fund concerning transactions for the Fund in securities or other assets. With respect to the management of each Fund Account pursuant to this Agreement, Dresdner shall determine what investments shall be purchased, held, sold or exchanged by each Fund Account and what portion, if any, of the assets of each Fund Account shall be held in cash or cash equivalents, and purchase or sell portfolio securities for each Fund Account; except that, to the extent Dresdner wishes to hold cash or cash equivalents in excess of 10% of a Fund Account's assets, Dresdner must request in writing and receive advance permission from IMCO. In accordance with Subsection (b) of this Section 2, Dresdner shall arrange for the execution of all orders for the purchase and sale of securities and other investments for each Fund Account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales, or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales, or other transactions. In the performance of its duties, Dresdner will act in the best interests of each Fund and will comply with (i) applicable laws and regulations, including, but ...
