A PARTNERSHIP Sample Clauses

A PARTNERSHIP. All the partners should sign and insert the date.
A PARTNERSHIP. (H) The Subscriber is a trust with total assets exceeding $5,000,000, which was not formed for the specific purpose of investing in the Company and whose purchase is directed by a person who has such knowledge and experience in financial and business matters and that he or she is capable of evaluating the merits and risks of the investment in the Shares.
A PARTNERSHIP and who is not a Recognised Body.
A PARTNERSHIP. An alternative strategy could be to operate the development through a partnership in which each party holds a share. In that case the profits would be allocated to the partners in the ratio of their partnership interests and will be taxed at corporate tax rates. Any trading losses would be available to offset against profits elsewhere in the C&K group of companies. (1 mark) The contribution of goods and services by the venture parties to the partnership activities will not be subject to VAT since these companies would comprise the partnership. However this would need to be carefully monitored as the profits would be calculated on a partnership basis regardless of the contribution of each partner.(1 mark) Again there will be a difficulty in terms of the ownership of the property. For VAT purposes, to register for VAT and make a sale of the completed houses which will allow recovery of VAT on costs, the partnership should ideally hold the title to the property, rather than ownership remaining with one partner. There may be a reluctance to do so and in any case, as with the limited company, this will incur further costs. (1 mark) In the UK, two parties can own a property as joint tenants or as tenants in common. In the former case, the parties hold an indivisible share in the property and the property cannot be sold without the agreement of both owners.(1 mark) Alternatively if the property is held as a joint tenancy, each party owns a specific share on the property. It may therefore be possible to rearrange the ownership to create tenants in common and transfer a small share in the property to C&K Residential Ltd to satisfy the rules. In the case of tenants in common, each party can dispose of its own share in the property. (2 marks)
A PARTNERSHIP. ______ 8. The Purchaser is a trust with total assets exceeding $5,000,000 which was not formed for the specific purpose of acquiring the Securities and whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the investment in the Securities. (IF ONLY THIS RESPONSE IS CHECKED, please contact the Company to receive and complete an information statement before this subscription can be considered).
A PARTNERSHIP in the partnership name and signed by a general partner, whose title must appear under the signature and, if the document is the Bid Proposal or Agreement, the business address and telephone number of the partnership must be shown below the signature.
A PARTNERSHIP every director of such a company, every member of such a close corporation, every trustee of such a trust and every partner of such a partnership, as the case may be, must 15have been issued with a Fidelity Fund certificate contemplated in section 47.(3) Any person who contravenes or fails to comply with subsection (1) is guilty of an offence.(4) A person who contravenes or fails to comply with subsection (1) must, immediately upon receipt of a request from any relevant party in writing, repay any 20amount received in respect of or as a result of any property transaction during such contravention.(5) A person who fails to comply with a request contemplated in subsection (4) is guilty of an offence.(6) The provisions of this section apply irrespective of— 25(a) what appellation a person or entity is described by; or(b) whether he, she or it is registered, certified or appointed or acts in terms of or under or for purposes of any other Act. Mandatory time periods for issuing certificates 49. (1) The Authority must, within 30 working days, consider any application 30submitted to it in terms of this Act, which fully meets the prescribed requirements, unless the Authority, on good grounds in writing, informs the applicant of the reasons why that period is to be extended, provided that such extension may not exceed 20 working days.(2) The period of 30 working days contemplated in subsection (1) commences afresh 35if the Authority requests the applicant to submit additional information or to correct the said application.(3) If the Authority has failed to comply with subsection (1), the application is deemed to have been approved and the Authority must, upon written request by the applicantwithin 10 working days, issue the applicant with the relevant certificate. 40 Disqualification from issue of Fidelity Fund certificate 50. The Authority may not issue a Fidelity Fund certificate to—(a) any person who—

Related to A PARTNERSHIP

  • Partnership We believe that by working with others who share our aspirations for young children, we can maximize every child’s readiness for kindergarten and success in life.

  • By the Partnership In the event of a registration of any Registrable Securities under the Securities Act pursuant to this Agreement, the Partnership will indemnify and hold harmless each Selling Holder participating therein, its directors, officers, employees and agents, and each Person, if any, who controls such Selling Holder within the meaning of the Securities Act and the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the “Exchange Act”), and its directors, officers, employees or agents, against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder, director, officer, employee, agent or controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (in the case of any prospectus or any Written Testing-the-Waters Communication, in the light of the circumstances under which such statement is made) contained in any Written Testing-the-Waters Communication, a Registration Statement, any preliminary prospectus or prospectus supplement, free writing prospectus or final prospectus or prospectus supplement contained therein, or any amendment or supplement thereof, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus or any Written Testing-the-Waters Communication, in the light of the circumstances under which they were made) not misleading, and will reimburse each such Selling Holder, its directors, officers, employee and agents, and each such controlling Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings as such expenses are incurred; provided, however, that the Partnership will not be liable in any such case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Selling Holder, its directors, officers, employees and agents or such controlling Person in writing specifically for use in any Written Testing-the-Waters Communication, a Registration Statement, or prospectus or any amendment or supplement thereto, as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such directors, officers, employees agents or controlling Person, and shall survive the transfer of such securities by such Selling Holder.