Naming who can use the right or power
By identifies the person or organisation entitled to act.
Exercisable commonly appears in formal or legal English. The most natural patterns are exercisable by someone and exercisable under a law or agreement.
Use exercisable by to name the person or body that can use a right or power. Use exercisable under with a law, contract, or authority. Exercisable on can refer to a date. At and in are usually not fixed complements.
These forms are not interchangeable. Choose the construction by meaning, not by which preposition appears most often.
By identifies the person or organisation entitled to act.
Under introduces the law, contract, or rule giving the power.
On is used for dates or triggering events.
The same subject can take different constructions because each sentence answers a different question.
Some combinations appear in real text but do not mean what learners often assume.
At is not normally the standard preposition after exercisable.
✕ rights exercisable at members ✓ rights exercisable by membersBy names the user of the power; under names the legal basis.
✕ powers exercisable by the contract ✓ powers exercisable under the contractUnder is preferred for laws and agreements.
✕ rights exercisable in the agreement ✓ rights exercisable under the agreementChoose the expression that matches the intended meaning.
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Yes. It is common in contracts, laws, and formal documents.
It identifies the person or organisation allowed to use a right or power.
Only in contextual phrases such as locations. It is not usually the main complement.
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