Limitation of Power. 11 SECTION 4.3. Notice of Event of Default......................................... 12 SECTION 4.4.
Limitation of Power. The Sales Representative’s authority to act as a representative of PT is strictly limited to those powers expressly conferred herein. The Sales Representative shall have no authority nor shall it hold itself out as having such to make contracts in the name of or binding on PT, pledge PT credit or to extend credit in its name. Furthermore, the Sales Representative shall not use the initials “PT” or PT’s registered trade names or registered trade marks unless expressly approved by PT in writing.
Limitation of Power. The sole arbitrator shall not be authorized to make any decision inconsistent with the provisions of the agreement not to alter, modify or amend any of this agreement.
Limitation of Power. Certificate Trustee shall have no power, ------------------- right, duty or authority to manage, control, possess, use, sell, lease, dispose of or otherwise deal with the Equipment or any other property at any time constituting a part of the Trust Estate, or otherwise to take or refrain from taking any action under or in connection with the Operative Documents, except (a) to execute and deliver the Operative Documents to which Certificate Trustee is to be a party, (b) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of Certificate Trustee hereunder and under the Operative Documents, (c) to receive, collect and distribute and deal with the sums due under the Lease and the proceeds thereof as provided in the Lease and in this Trust Agreement, and (d) as expressly provided in written instructions from the Required Entities given pursuant to Section 4.3 or 4.4. ----------- --- Other than as expressly provided in this Trust Agreement, Certificate Trustee shall not have the authority to make management decisions relating
Limitation of Power. The sole arbitrator shall not be authorized to make any decision inconsistent with the provisions of the agree- ment, nor to alter, modify or amend any of this agreement. FEES AND EXPENSES The fees and expenses of the sole arbitrator will be paid on the basis of one half by the Company and one half by the Union. ARTICLE DISCHARGE CASES
Limitation of Power. The Bank, as Trustee and Lessor, shall have no power, right, duty or authority to manage, control, possess, use, sell, lease, dispose of or otherwise deal with the Equipment or any other property at any time constituting a part of the Trust Estate, or otherwise to take or refrain from taking any action under or in connection with the Operative Documents, except (a) to execute and deliver the Operative Documents to which the Bank, as Trustee and/or Lessor, is to be a party, (b) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the Bank, as Trustee and Lessor, hereunder, (c) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the Bank, as Trustee and/or Lessor, under the Operative Documents, (d) to receive, collect and distribute and deal with the sums due under the Lease and the other Operative Documents and the proceeds thereof as provided in the Lease, the Participation Agreement, the Loan Agreement and in this Trust Agreement, and (e) as expressly provided in written instructions from the Instructing Party given pursuant to Section 3.3 or 3.4. Other than as expressly provided in this Trust Agreement, the Bank, as Trustee and Lessor, shall not have the authority to make management decisions relating to the Trust Estate and may take only ministerial actions without the consent of the Required Lenders (or, if required by the terms of the Operative Documents, all of the Lenders). For purposes of this Trust Agreement, the Grantor shall not have the right to direct the Bank, as Trustee and Lessor, to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of the Bank, as Trustee and Lessor, hereunder and under the Operative Documents until the Loan Agreement and Notes have been paid and discharged in full.
Limitation of Power. The Owner Trustee shall have no power, right, duty or authority to manage, control, possess, use, sell, lease, dispose of or otherwise deal with the Property or any other property at any time constituting a part of the Trust Estate, or otherwise to take or refrain from taking any action under or in connection with the Operative Documents, except (a) to execute and deliver the Operative Documents to which the Trust is to be a party, (b) to permit to be exercised and carried out the rights, duties and obligations of the Trust hereunder and under the Operative Documents, including the receipt, collection, distribution and dealings with the sums due under the Master Lease and with the Property and the proceeds thereof as provided in the Master Lease and in this Trust Agreement, or (c) as expressly provided in written instructions from Owner Participant, on any date, holding at least 51% of the Equity Percentage of the total Beneficial Interest as of that date (excluding from such total Beneficial Interest any Equity Percentage held by a Tenant or any of its Affiliates unless such Persons shall be the only Owner Participant hereunder) (a “Majority in Interest of the Owner Participants”) (and with the consent of the Agent), given pursuant to Section 4.3 or 4.4 hereof.
Limitation of Power. The JSC shall have only such powers as are specifically delegated to it hereunder and will not be a substitute for exercising the rights of the Parties. Without limiting the generality of the foregoing, the JSC shall have no right to amend this Agreement, or any of the ancillary agreements hereto.
Limitation of Power. Trustee shall have no power, right, duty or authority to manage, control, possess, use, sell, lease, dispose of or otherwise deal with the Equipment or any other property at any time constituting a part of the Trust Estate, or otherwise to take or refrain from taking any action under or in connection with the Operative Documents, except (a) to execute and deliver the Operative Documents to which Trustee is to be a party, (b) to exercise and carry out or cause to be exercised and carried out the rights, duties and obligations of Trustee hereunder and under the Operative Documents, (c) to receive, collect and distribute and deal with the sums due under the Participation Agreement, the Lease Agreement, this Trust Agreement or other Operative Documents, and the proceeds thereof as provided in the Participation Agreement, the Lease Agreement, this Trust Agreement or other Operative Documents (to the extent not payable directly to Certificate Holders by Lessee and the other Operative Documents), and (d) subject to Section 6.2 of the Participation Agreement, as expressly provided in written instructions from the Administrative Agent given pursuant to Section 5.3 of this Trust Agreement. Other than as expressly provided in this Trust Agreement, Trustee shall not have the authority to make management decisions relating to the Trust Estate and may take only ministerial actions without the consent of the Administrative Agent.
Limitation of Power. Any liberty or power which may be exercised or any determination which may be made hereunder by the Bank may be exercised or made reasonably and according to the Bank’s internal policy”.
