Exercise Powers Clause Samples
The "Exercise Powers" clause defines the authority and procedures by which a party may utilize specific rights or powers granted under an agreement. Typically, this clause outlines the conditions, manner, and limitations for exercising such powers, such as requiring written notice or adherence to certain timeframes. Its core practical function is to ensure that the exercise of contractual rights is conducted transparently and in accordance with agreed-upon rules, thereby reducing disputes and providing predictability for all parties involved.
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Exercise Powers. The Manager shall have power and authority to exercise on behalf of the Company any right or power which the Company may have as a holder of any Portfolio Securities including the right to appoint a director or directors of any Portfolio Entity. In exercising such power and authority the Manager shall have regard to the Investment Policy and its duties under this Agreement and before the exercise of any power or authority shall consult with the Board.
Exercise Powers. The power to exercise and enforce all powers capable of being exercised by IRM, itself in relation to the Participating Interest, whether or not it is then in liquidation.