Powers and authority definition

Powers and authority. The Target has the corporate power to enter into and perform the Agreements and has taken all necessary corporate action to authorise the execution, delivery and performance of the Credit Agreement.
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Powers and authority each member of the Charging Group has power to execute, deliver and perform its obligations under the Financing Documents to which it is a party and to carry out the transactions contemplated by such Financing Documents and all necessary corporate, shareholder and other action has been or will be taken to authorise the execution, delivery and performance of the same;
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Examples of Powers and authority in a sentence

  • The representation in clause 26.8 (Final Information Memorandum) will be made on the date of the Final Information Memorandum and the representation in clause 26.4 (Powers and authority) will be made as at the time that the power or authority is exercised only.

  • The representation in clause 18.4 (Powers and authority) will be made as at the time that the power or authority is exercised only.

  • Powers and authority The Dutch Company has the corporate power and authority to enter into and perform the obligations expressed to be assumed by it under the New Guarantee and has taken all necessary corporate action to authorise the execution and delivery of the New Guarantee.

  • In addition to the Powers and authority expressly conferred upon it by these bylaws, the Board of Directors may exercise all such powers of the corporation and do all such lawful acts and things as are not by law, by any legal agreement among stockholders, by the articles of incorporation or by these bylaws directed or required to be exercised or done by the stockholders.

  • The representation in clause 17.4 (Powers and authority) will be made as at the time that the power or authority is exercised only.

  • Powers and authority Philips has the corporate power and authority to execute and perform its obligations under the Indenture and to issue and perform the Securities and has taken all necessary corporate action to authorize the execution and delivery of and performance of its obligations under the Indenture.

  • Powers and authority Philips has the corporate power and authority to issue and perform the Securities and has taken all necessary corporate action to authorize the execution and delivery of and performance of its obligations under the Securities.

  • Each Obligor makes the representations Clauses 16.2 (Status), 16.3 (Powers and authority), 16.4 (Legal validity), 16.5 (Non-conflict) and 16.7 (Authorisations) of the Agreement (on the basis that for this purpose references in those Clauses to the Agreement or the Finance Documents shall be construed as references to this letter).

  • Powers and authority The Company has the corporate power and authority to issue the Securities and perform its obligations thereunder and to enter into and perform the obligations expressed to be assumed by it under the Opinion Document and has taken all necessary corporate action to authorise the execution of the Opinion Document and the issue and performance of the Securities.

  • Powers and authority: board resolutions concerning the Facilities, confirmation from each Borrower that no breach of borrowing powers will arise.

Related to Powers and authority

  • designated authority means such authority as may be notified by the Commissioner;

  • Delegated Authority means any person or committee delegated with authority by the Municipality in terms of the provisions of the Municipal Finance Management Act.

  • Authorized Authority means, in relation to any Person, transaction or event, any (a) federal, provincial, municipal or local governmental body (whether administrative, legislative, executive or otherwise), both domestic and foreign, (b) agency, authority, commission, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, (c) court, arbitrator, commission or body exercising judicial, quasi-judicial, administrative or similar functions, and (d) other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the foregoing, including any stock or other securities exchange, in each case having jurisdiction over such Person, transaction or event; and

  • Award Authority means the authority having the jurisdiction to award the Contract according to the City’s by-laws, policies or procedures;

  • Active Power has the meaning given to it in the Grid Code;

  • Corporate Authorities means the City Council of the City.

  • Appropriate Authority means any government or taxing authority.

  • Authority means any governmental, regulatory or administrative body, agency or authority, any court or judicial authority, any arbitrator, or any public, private or industry regulatory authority, whether international, national, Federal, state, or local.

  • Reactive Power means the wattless component of the product of voltage and current, which the Facility shall provide to or absorb from the Grid System within the Technical Limits and which is measured in MVAR;

  • Corporate Status” describes the status of a person who is or was a director, officer, employee, agent or fiduciary of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving at the express written request of the Company.

  • Applicable Authority means (a) with respect to SOFR, the SOFR Administrator or any Governmental Authority having jurisdiction over the Administrative Agent or the SOFR Administrator and (b) with respect to any Alternative Currency, the applicable administrator for the Relevant Rate for such Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.

  • Private Authorizations means all franchises, permits, licenses, approvals, consents and other authorizations of all Persons (other than Governmental Authorities).

  • Good Standing means only that as of the date of this opinion the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar of Companies. We have made no enquiries into the Company’s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.