General Xxxxxx. In addition to the powers specified elsewhere in this Agreement, the Bank shall have the powers set out below.
General Xxxxxx. The contractor agrees to assign to this contract those persons identified as key personnel whose resumes were submitted with the proposal and who are necessary to fulfill the requirements of this contract. No substitution of key personnel shall be made except IAW this clause.
General Xxxxxx. The Trustee, subject only to the specific limitations contained in this Master Trust Agreement (including, without limitation, the reservation by the Manager of certain powers as provided in Section 7.1), shall have full, absolute, and exclusive power, control and authority over the assets of the Funds and over the business and affairs of the Funds to the same extent as if the Trustee was the sole owner thereof in its own right, to do all such acts and things as in its sole judgment and discretion are necessary or incidental to, or desirable for, the carrying out of any of the purposes of the Funds or the conducting of the business of the Funds. In construing the provisions of this Master Trust Agreement, presumption shall be in favour of the granted powers and authority to the Trustee. Except as specifically required by any law or by the express provisions hereof, the Trustee shall, in carrying out investment activities, not be in any way restricted by the provisions of any jurisdiction limiting or purporting to limit investments which may be made by trustees.
General Xxxxxx. Subject to the limitations of the Act, the corporation’s Articles of Incorporation and these Bylaws, the activities and affairs of the corporation shall be conducted and all corporate powers shall be exercised by or under the direction of the Board. The Board may delegate the management of the corporation’s activities to any person(s), company, councils or committees, however composed, provided that the activities and affairs of the corporation shall be managed and all corporate powers shall be exercised under the ultimate direction of the Board. No assignment, referral or delegation of authority by the Board or anyone acting under such delegation shall preclude the Board from exercising full authority over the conduct of the corporation’s activities, and the Board may, subject to contractual obligations as may exist, rescind any such assignment, referral or delegation at any time.
General Xxxxxx. The Company will be considered a manager-managed company. Except as otherwise expressly stated in this Article 6, all powers of the Company will be exercised by or under the authority of, and the business and affairs of the Company will be managed under the direction of, the Manager. The actions of the Manager taken in accordance with the provisions of this Agreement shall bind the Company. No other Member of the Company shall have any authority or right to act on behalf of or bind the Company, unless otherwise provided herein or unless specifically authorized by the Manager pursuant to a duly adopted resolution expressly authorizing such action.
General Xxxxxx. The Company shall have all of the powers of a Delaware limited Company, including the power to engage in any lawful act or activity for which the Company may be organized under the Delaware Act.
General Xxxxxx. The Directors shall have the power to conduct, operate and carry on any other lawful activities which the Directors, in their sole and absolute discretion, consider to be (i) incidental to the activities of the Company as an investment company, (ii) conducive to or expedient for the benefit or protection of the Company or the Members, or (iii) calculated in any other manner to promote the interests of the Company or the Members and generally do all acts, whether or not expressly authorized, which the Directors may deem necessary, desirable, advisable, incidental or convenient to the conduct, promotion or attainment of the purposes of these powers, objects or purposes for the protection of the Company.
General Xxxxxx. Xx shall be the duty of the Owner Trustee to discharge (or cause to be discharged) all of its responsibilities pursuant to the terms of this Agreement and the other Basic Documents and to administer the Issuer in the interest of Certificateholders and the Class R Certificateholder, subject to the Basic Documents and in accordance with the provisions of this Agreement. Notwithstanding the foregoing, the Owner Trustee shall be deemed to have discharged its duties and responsibilities hereunder and under the Basic Documents to the extent the Administrator has agreed in the Administration Agreement to perform any act or to discharge any duty of the Owner Trustee or the Issuer hereunder or under any other Basic Document, and the Owner Trustee shall not be liable for the default or failure of the Administrator to carry out its obligations under the Administration Agreement.
General Xxxxxx. The Trustee, subject only to the specific limitations contained in this Master Trust Agreement (including, without limitation, the reservation by the Manager of certain powers as provided in
General Xxxxxx. To do any and all other acts necessary, proper or desirable for the benefit of the trust and its beneficiaries, and to effectuate the powers conferred upon the Trustee hereunder.
