Executive Authority Clause Samples

Executive Authority. 7.1. No Member shall have authority to bind or to make any commitment on behalf of the Joint Venture or of any other Member unless such authority is expressed in writing by the Members jointly in regard to the Joint Venture, or by a Member individually in regard to the (other) Member; 7.2. Each Member shall provide notice of its Representative and shall give prior notice of any change in such appointment (s), temporary or otherwise, as may occur from time to time; 7.3. The representative of the Leading Member shall be the Chairman of the Committee. The Chairman shall ordinarily convene the meetings of the Committee in every and may invite others whom he wishes to attend, in order to inform or advise the Representatives, or to record the proceedings of the Committee. The frequency of Committee meetings shall be as deemed necessary and by mutual consent of the Members involved. In the absence of the Lead member the shall be transferred such responsibilities; 7.4. In the event of there being disagreement between members of the Committee on matters not otherwise prescribed in this Agreement the Chairman shall be entitled to use a casting vote; 7.5. Minutes shall be kept, in the English language, of all meetings of the Committee and copies of all such minutes shall be circulated to the Members; 7.6. The Members respectively agree to act (and agree that their respective representatives on the Committee shall act) at all times in the best interests of the Joint Venture in taking any actions relating to the Project and shall use all reasonable endeavors to settle any disputes arising between them in connection with the Joint Venture.

Executive Authority. The signatory companies agree that the Executive shall provide those services necessary to accomplish the dispute resolution procedures set forth herein including, without limitation, as follows: a. To select the Mediator by providing the parties with a list of five (5) or more potential Mediators, based upon their location, experience and other factors, from which the parties shall strike potential Mediators that have a conflict and rank the remaining choices for the Executive’s selection as the Mediator the highest remaining individual as ranked by the parties; c. To determine the location of any Mediation; and, d. To otherwise carry out the objective of the signatory companies’ of cooperatively and efficiently resolving intra-company disputes without litigation.

Executive Authority. Every difference or disagreement that might arise regarding the development of the contract, and related to it, shall be solved by the officials of the parties who bear authorization to such purpose. If, within 30 calendar days’ term as of the written notice, the disagreement has not yet been solved, the issue shall be submitted to the highest executive of each of the Parties who resides in Colombia, with the purpose of seeking a joint solution. If, within thirty (30) calendar days as of the date one of the parties requested to the other the submittal of the disagreement to the aforementioned executives, the parties should arrive at an agreement or decision on the issue, the adopted agreement or decision shall be signed within fifteen (15) calendar days following the attainment of such agreement or decision,

Executive Authority. The Officers shall carry out the rights, duties, and obligations of SPP pursuant to the authority granted by the Board of Directors. Officers will execute the SPP Standards of Conduct upon employment. The Standards of Conduct outline the independence requirements for all employees of SPP. The Officers shall be empowered to: (a) employ qualified technical and administrative employees; (b) engage office space; (c) employ outside technical and special service organizations; (d) execute contracts; (e) provide for independent regional reliability coordination and transmission service administration; (f) serve as SPP’s representative before regulatory bodies, NERC, and in other public forums; (g) incur reasonable expenses; and (h) make Staff resources available to individual Members or groups of Members on a non-firm, non-priority, first-come-first-serve basis so as not to interfere with current or future needs and priorities established by SPP.

Executive Authority. The Officers shall carry out the rights, duties, and obligations of SPP pursuant to the authority granted by the Board of Directors. Officers will execute the SPP Standards of Conduct upon employment. The Standards of Conduct outline the independence requirements for all employees of SPP. The Officers shall be empowered to: a. employ qualified technical and administrative employees; b. engage office space; c. employ outside technical and special service organizations; d. execute contracts; e. provide for independent regional reliability coordination and transmission service administration; f. serve as SPP’s representative before regulatory bodies, NERC, and in other public forums; g. incur reasonable expenses; and

Executive Authority. The Parties shall not have the authority to bind or make any commitment on behalf of the other Party without a written consent of the affected Party.

Executive Authority. The said Joint Venture through its authorized representative shall receive instructions, payments from the Client. The management structure for the project shall be prepared by mutual consultations to enable completion of project to quality requirements within permitted cost and time.

Executive Authority. All of the other members of the Executive Authority, except as provided in subparagraph c. below, shall be members of the Council, chosen and proposed to the .Council by the Ra'ees of the Executive Authority and approved by the Council