FILING RECORDS Clause Samples
The Filing Records clause establishes the obligation for parties to maintain and organize records related to the agreement or transaction. Typically, this clause requires that all relevant documents, such as receipts, reports, or correspondence, be properly filed and retained for a specified period, and may also outline procedures for inspection or access by the other party. Its core practical function is to ensure transparency and accountability by providing a clear record-keeping framework, which helps resolve disputes and facilitates audits or compliance checks.
FILING RECORDS. All records relating to a grievance shall be filed separately from the personnel files of the employee.
FILING RECORDS. The Company shall use its reasonable efforts to ensure that consents are included in the Company minutes and filed in the Company records. Effective Date» . An action taken by consent is effective upon receipt of the signatures required to approve such action, unless the consent specifies a different effective date. Record Date» . The record date for determining Members entitled to take action pursuant to a consent is the date the first Member signs the consent. Contributions» . Members are required to make contributions to the Company’s capital as provided in this Section 2.6. Existing Contributions» . The Schedule of Members attached as Schedule 2.3 shows the contribution made by each Member as of the Effective Date. Each new Member may be required to make a contribution as a condition to the new Member’s admission pursuant to Section 2.8. Additional Contributions» . No Member is obligated to make any additional contributions beyond the existing contribution set forth in Section 2.6.1, but the Manager and any Member may agree that the Member will make an additional contribution, which may or may not be in exchange for additional Units, provided that the all of the Members are offered an opportunity to make a contribution on the same or materially similar terms. The Members may also seek to raise additional capital from third parties, subject to Member approval under Section 2.5 by any means necessary. Such fundraising efforts may result in subordination of the existing Members, dilution of their Percentage Interest, dilution of their pro rata rights to distributions of the Company’s profits or losses, and/or otherwise adversely affect their Membership Interests. The Managers shall offer existing Members an opportunity to participate in such other fundraising efforts in order to retain their Percentage Interests or existing priorities as provided in Section 6.2.6. Form of Contributions» . Contributions may consist of tangible or intangible property or other benefits to the Company, including without limitation money, services performed, promissory notes, agreements to contribute money or property, but excluding contracts for services to be performed. The Company may require that contributions be made in any particular form. Liabilities regarding Contributions» . The liability of any Member to make contributions is limited to the terms set forth in this Section 2.6. A Member’s obligation to make a contribution to the Company is not excused by the Member’s ...
FILING RECORDS. Borrower hereby authorizes Lender to file a Record or Records (as defined in the UCC), including, without limitation, financing or continuation statements, and amendments thereto, in all jurisdictions and with all filing offices as Lender may determine, in its reasonable discretion, are necessary to perfect the security interest granted hereby to Lender. Such financing statements may describe the Pledged Collateral in the same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as Lender may determine, in its reasonable discretion, is necessary to ensure the perfection of the security interest in the Pledged Collateral granted to Lender, including, without limitation, describing such property as “all assets” or “all Personal property.”