Unlimited discretion definition

Unlimited discretion means the unlimited power to distribute principal. A power to distribute principal that includes words such as best interests, welfare, comfort, or happiness shall not be considered a limitation of the power to distribute principal.
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Unlimited discretion means the unlimited power to distribute principal. A power to
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Unlimited discretion means the unlimited right to distribute principal if the right is not restricted by an ascertainable standard under 26 C.F.R. 26 25.2514-1.
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Examples of Unlimited discretion in a sentence

  • Unlimited discretion" means the unlimited power to distribute principal.

  • Unlimited discretion, the Supreme Court said is a ruthless destroyer of personal freedom.

  • Unlimited discretion governs.If an authorized trustee has unlimited discretion to invade the principal of a trust, and the same trustee or another trustee has the power to invade principal under the trust instrument and the power is not subject to unlimited discretion, then the authorized trustee having unlimited discretion may exercise the power of appointment under section 59-16.1-04.59-16.1-09.

  • Unlimited discretion is vested in the prosecutor as to whether or not to seek the death penalty.

  • This section looks at social relationships among beneficiary women, where a different picture emerges.

  • As explained by the New York Court of Appeals:…The mere fact that consents were granted to owners of premises somewhat similarly situated does not in itself show that consent was arbitrarily refused to this applicant… Unlimited discretion in an administrative board by ordinance is not narrowed through its exercise… The council may refuse to duplicate previous error; it may change its views as to what is for the best interests of the city; it may give weight to slight differences which are not discernible.

  • Unlimited discretion over charging decisions, along with the power of mandatory minimum sentences and disproportionately high Sentencing Guidelines, afford prosecutors the power to deter the accused from exercising their right to a fair trial.

  • Unlimited discretion of the authorities, without adequate mechanisms to oversee the activities of authorized bodies, contradicts international standards33.

  • The death sentence is imposed capriciously and arbitrarily in that: (1) Unlimited discretion is vested in the prosecutor as to whether or not to seek the death penalty.

  • Unlimited discretion would permit a court to invoke the pretextual takings doctrine selectively.

Related to Unlimited discretion

  • Permitted Discretion means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.

  • Unlimited means an appointment or position is ongoing and has no specified duration.

  • Unlimited rights means the rights of the Government to use, disclose, reproduce, prepare derivative works, distribute copies to the public, and perform publicly and display publicly, in any manner and for any purpose, and to have or permit others to do so.

  • unlimited company means a company formed on the principle of having no limit placed on the liability of its members;

  • Age-based discount means a discount offered on selected hospital policies for persons and/or their partners aged between 18 and 29. The discount is two per cent for each year that the person is aged under 30, to a maximum of 10 per cent. Providing the person remains on an applicable hospital cover, they are entitled to the discount until they turn 41 at which time the discount will decrease at the rate of two per cent per year for up to five years, so that no age-based discounts are available after the age of 45.

  • Maximum daily discharge limitation means the highest allowable “daily discharge.”

  • Maximum Offering Size has the meaning set forth in Section 2(d);

  • Limited Demand Resource Reliability Target for the PJM Region or an LDA, shall mean the maximum amount of Limited Demand Resources determined by PJM to be consistent with the maintenance of reliability, stated in Unforced Capacity that shall be used to calculate the Minimum Extended Summer Demand Resource Requirement for Delivery Years through May 31, 2017 and the Limited Resource Constraint for the 2017/2018 and 2018/2019 Delivery Years for the PJM Region or such LDA. As more fully set forth in the PJM Manuals, PJM calculates the Limited Demand Resource Reliability Target by first: i) testing the effects of the ten- interruption requirement by comparing possible loads on peak days under a range of weather conditions (from the daily load forecast distributions for the Delivery Year in question) against possible generation capacity on such days under a range of conditions (using the cumulative capacity distributions employed in the Installed Reserve Margin study for the PJM Region and in the Capacity Emergency Transfer Objective study for the relevant LDAs for such Delivery Year) and, by varying the assumed amounts of DR that is committed and displaces committed generation, determines the DR penetration level at which there is a ninety percent probability that DR will not be called (based on the applicable operating reserve margin for the PJM Region and for the relevant LDAs) more than ten times over those peak days; ii) testing the six-hour duration requirement by calculating the MW difference between the highest hourly unrestricted peak load and seventh highest hourly unrestricted peak load on certain high peak load days (e.g., the annual peak, loads above the weather normalized peak, or days where load management was called) in recent years, then dividing those loads by the forecast peak for those years and averaging the result; and (iii) (for the 2016/2017 and 2017/2018 Delivery Years) testing the effects of the six-hour duration requirement by comparing possible hourly loads on peak days under a range of weather conditions (from the daily load forecast distributions for the Delivery Year in question) against possible generation capacity on such days under a range of conditions (using a Monte Carlo model of hourly capacity levels that is consistent with the capacity model employed in the Installed Reserve Margin study for the PJM Region and in the Capacity Emergency Transfer Objective study for the relevant LDAs for such Delivery Year) and, by varying the assumed amounts of DR that is committed and displaces committed generation, determines the DR penetration level at which there is a ninety percent probability that DR will not be called (based on the applicable operating reserve margin for the PJM Region and for the relevant LDAs) for more than six hours over any one or more of the tested peak days. Second, PJM adopts the lowest result from these three tests as the Limited Demand Resource Reliability Target. The Limited Demand Resource Reliability Target shall be expressed as a percentage of the forecasted peak load of the PJM Region or such LDA and is converted to Unforced Capacity by multiplying [the reliability target percentage] times [the Forecast Pool Requirement] times [the DR Factor] times [the forecasted peak load of the PJM Region or such LDA, reduced by the amount of load served under the FRR Alternative].

  • Submitted Discount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Maximum Number of Shares is defined in Section 2.1.4.

  • Minimum Necessary means the least amount of PHI necessary to accomplish the purpose for which the PHI is needed.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • Lot Size means the number Underlying Assets in one Lot in a CFD.

  • Maximum Number of Securities shall have the meaning given in subsection 2.1.4.

  • Daily discharge means the discharge of a pollutant measured during a calendar day or any 24-hour period that reasonably represents the calendar day for purposes of sampling. For pollutants with limitations expressed in units of mass, the "daily discharge" is calculated as the total mass of the pollutant discharged over the day. For pollutants with limitations expressed in other units of measurement, the "daily discharge" is calculated as the average measurement of the pollutant over the day.

  • Whole Board means the total number of authorized directors whether or not there exist any vacancies in previously authorized directorships.

  • Nominated Demand Resource Value means the amount of load reduction that a Demand Resource commits to provide either through direct load control, firm service level or guaranteed load drop programs. For existing Demand Resources, the maximum Nominated Demand Resource Value is limited, in accordance with the PJM Manuals, to the value appropriate for the method by which the load reduction would be accomplished, at the time the Base Residual Auction or Incremental Auction is being conducted.

  • maximum net power means the highest value of the net power on the nominal full-load power curve for the engine type;

  • Annual General Meeting means the meeting held by the Society in the first four months (or such other period as permitted by the Statutes) of each Financial Year at which the Annual Accounts are presented and which is specified as such in the notice convening the meeting;

  • Maximum Common Stock Issuance shall have the meaning specified in Section 2(H).

  • Average monthly discharge limitation means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month.

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Quorum means a majority of the Regular Trustees or, if there are only two Regular Trustees, both of them.

  • Total Number of Directors means the total number of directors comprising the Board from time to time.

  • Maximum Number means that number of directors constituting the greater of (x) two and (y) 20% of the total number of directors of the Corporation on the last day on which a Nomination Notice may be submitted pursuant to this Section 3.11 (rounded down to the nearest whole number), which number shall be reduced as set forth in Section 3.11.c.i.

  • Limited Resource Price Decrement means, for the 2017/2018 Delivery Year, a difference between the clearing price for Limited Demand Resources and the clearing price for Extended Summer Demand Resources and Annual Resources, representing the cost to procure additional Extended Summer Demand Resources or Annual Resources out of merit order when the Limited Resource Constraint is binding.