Rights of the Authority Sample Clauses

Rights of the Authority. It is understood and agreed by OWNER and RESIDENT that the Authority shall have the right (but shall not be obligated) to exercise any and all of the rights of OWNER hereunder in the event of a breach or violation by RESIDENT of any of the provisions hereof.
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Rights of the Authority. 7.2.1 In addition to the other rights as specified elsewhere in this Contract, the Authority shall:
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Rights of the Authority. The Authority may assign, negotiate, pledge or otherwise hypothecate this Agreement, the Note and the Loan Documents or any of its rights and security hereunder or thereunder, in whole or in part. In case of such assignment, the Borrower will accord full recognition thereto and hereby agrees that all rights and remedies of the Authority in connection with the interests so assigned shall be enforceable against the Borrower by the assignee thereof.
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Rights of the Authority. If in the reasonable opinion of the Authority, the Contractor is in material breach of its obligations under this Contract for maintenance of the assured LAD at the Project, the Authority may, without prejudice to any of its rights under this Contract including Termination thereof, by notice require the Contractor to take reasonable measures for the handling of vessel. In the event that the Contractor, upon receipt of notice above, fails to maintain the assured LAD at the Project within a reasonable period, the Authority may take over performance of any or all obligations of the Contractor to the extent deemed necessary by it for maintaining the LAD at the Project, at the risk and cost of the Contractor and to recover any costs and expenses incurred by the Authority in discharge of its obligations hereunder from the Contractor; provided that such taking over by the Authority shall be of no greater scope and of no longer duration than is reasonably required. the Authority has the right, to recover the costs specified in Article 7.3 directly from the Contractor as if such costs were O&M Expenses Liability for shortfall in performance In the event the Authority, whether from the review of reports submitted by the Contractor or otherwise, observes that Scope of Work falls short of the Performance Standards, the Authority shall issue a demand notice to the Contractor seeking liquidated damages. The liquidated damages shall be calculated in accordance with Annexure IV of this Contract. The liquidated damages shall be payable within 30 (thirty) days of the date of issue of notice. On failure of the Contractor to pay the same, Authority shall recover the amount from the Performance Bank Guarantee provided by the Contractor. Provided that, within 15 (fifteen) days of receipt of demand notice, the Contractor may make a written representation to the Authority which shall be considered by the Authority on merits. The Authority may waive the liquidated damages in part or full, if it is satisfied that the Contractor has been carrying out its obligations diligently and efficiently and that the performance shortfall to be waived was on account of reasons beyond the control of the Contractor. It is clarified that this provision does not prejudice the rights of the Authority upon a Contractor Event of Default as set out in Article 15 including the Authority’s right to terminate this Contract which shall remain unaffected.
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Rights of the Authority. The Authority retains for itself any and all rights and powers not expressly granted to Concessionaire; however, without limiting the generality of the foregoing, the Authority shall have the following specific rights:
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Rights of the Authority 
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Related to Rights of the Authority

  • Obligations of the Authority 6.1.1 The Authority shall, at its own cost and expense undertake, comply with and perform all its obligations set out in this Agreement or arising hereunder.

  • Rights of the Agent (a) The Seller and PolyOne each hereby transfer to the Agent the exclusive ownership, dominion and control of the Lock-Box Accounts to which the Obligors of Pool Receivables shall make payments, and shall take any further action that the Agent may reasonably request to effect such transfer. Further, the Agent may notify at any time and at the Seller’s expense the Obligors of Pool Receivables, or any of them, of the ownership of Receivable Interests by the Owners.

  • Certain Rights of the Agent The Agent shall have the right to take any action with respect to the Collateral, on behalf of all of the Secured Parties. To the extent practical, the Agent shall request instructions from the Secured Parties with respect to any material act or action (including failure to act) in connection with the Agreement or any other Transaction Document, and shall be entitled to act or refrain from acting in accordance with the instructions of a Majority in Interest; if such instructions are not provided despite the Agent’s request therefor, the Agent shall be entitled to refrain from such act or taking such action, and if such action is taken, shall be entitled to appropriate indemnification from the Secured Parties in respect of actions to be taken by the Agent; and the Agent shall not incur liability to any person or entity by reason of so refraining. Without limiting the foregoing, (a) no Secured Party shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the terms of the Agreement or any other Transaction Document, and the Debtors shall have no right to question or challenge the authority of, or the instructions given to, the Agent pursuant to the foregoing and (b) the Agent shall not be required to take any action which the Agent believes (i) could reasonably be expected to expose it to personal liability or (ii) is contrary to this Agreement, the Transaction Documents or applicable law.

  • Certain Rights of the Agents If any of the Agents shall request instructions from the Required Lenders with respect to any act or action (including failure to act) in connection with this Agreement, any other Credit Document or the Hermes Cover, the Agents shall be entitled to refrain from such act or taking such action unless and until the Agents shall have received instructions from the Required Lenders; and the Agents shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agents as a result of any of the Agents acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Lenders.

  • The Authority As to the Authority, the following section shall survive discharge: Section 2.3 (right to conduct audit).

  • RIGHTS OF THE ASSOCIATION Section 4.1 The Association has the right and responsibility to represent the interests of all employees in the unit; to present its views to the District on matters of concern, either orally or in writing as requested by the District up to and including negotiating the collective bargaining agreement.

  • RIGHTS OF THE UNION Section 4.1. The Union has the right and responsibility to represent the interests of all employees in the unit; to present its views to the District on matters of concern, either orally or in writing; and to enter collective negotiations with the object of reaching an agreement applicable to all employees within the bargaining unit.

  • Rights of the Company The Company shall not be required to (i) transfer on its books any Purchased Shares that have been sold or transferred in contravention of this Agreement or (ii) treat as the owner of Purchased Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee to whom Purchased Shares have been transferred in contravention of this Agreement.

  • Remedies of the Association Section 5.01. Pursuant to Section 6.02 (h) of the General Conditions, the following additional events are specified:

  • No Limitation on Rights of the Company The grant of this Option shall not in any way affect the right or power of the Company to make adjustments, reclassifications, or changes in its capital or business structure or to merge, consolidate, dissolve, liquidate, sell, or transfer all or any part of its business or assets.

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