Exclusive Power Clause Samples
Exclusive Power. This committee shall have the exclusive power to authorize days in addition to the days referred to in “Pooling of Sick Days” above. Decisions of this committee shall not be grievable.
Exclusive Power. Each Member hereby agrees that the Manager shall have the exclusive power, right and authority to act for and on behalf of the Fund with respect to those powers, rights and authorities delegated to it by the Members pursuant to this Agreement and that no Member, individually, shall have the power, right or authority to take any such action on behalf of the Fund.
Exclusive Power. The Holders of the Securities and the Trustee acknowledge that the Holders of Senior Debt and the Holders of Securities, respectively, are entitled to exercise certain rights and powers with respect to the Company from time to time, whether before or after an occurrence of an Event of Default and the exercise of any such right or power by one creditor may preclude the exercise of a similar right or power by one or more other creditors (any such right or power being herein called an "Exclusive Power"). To the extent that any Holder or Holders of Senior Debt or any Senior Agent actually exercises any Exclusive Power, then the Trustee and the Holders of Securities agree to refrain from exercising any substantially similar Exclusive Power to the extent necessary to permit the Holders of Senior Debt to benefit from their actions.