Control by Party B Sample Clauses
The 'Control by Party B' clause establishes that Party B has the authority to direct or manage certain actions, decisions, or assets specified in the agreement. In practice, this may mean Party B can approve expenditures, oversee project milestones, or dictate the use of particular resources. This clause ensures that Party B maintains oversight and decision-making power, thereby protecting its interests and ensuring that the agreement is executed according to its expectations.
Control by Party B. Unless and until the Custodian receives written notice from Party A pursuant to Section 2.3 below instructing the Custodian that Party A is exercising its right to exclusive control over the Collateral Account (it being understood that the notice shall be in substantially the form attached hereto as Exhibit A (a “Notice of Exclusive Control”) and that the Custodian shall have a reasonable time, not longer than two (2) Business Days to act on such notice), or if all previous Notices of Exclusive Control have been revoked or rescinded in writing by Party A: (i) the Custodian shall take actions with respect to the property credited to the Collateral Account upon the instructions of the relevant Manager or the Managing Member and (ii) the Custodian shall have no responsibility or liability to Party A or Party B for actions taken in accordance with such instructions.
Control by Party B. Unless and except to the extent it has received a contrary entitlement order from Party A pursuant to Section 2.1, and except as provided in Section 2.3(i), below:
(i) Custodian shall take actions with respect to the Collateral in the Collateral Accounts upon the instructions of Party B, and (ii) Custodian shall have no responsibility or liability to Party A or Party B for actions taken in accordance with such instructions. All entitlement orders and other instructions and communications that Party B is entitled, or desires, to give or make under this Agreement may be given or made either by Party B itself or its investment advisor as designated in writing by Party B to the Custodian from time to time.
Control by Party B. Unless and except to the extent it has received a contrary entitlement order from Party A pursuant to Section 2.1 , and except as provided in Section 2.3(i),