GP Recognition Sample Clauses
The GP Recognition clause formally acknowledges the identity and role of the General Partner (GP) within a partnership or investment agreement. It typically specifies the GP's authority to act on behalf of the partnership, manage assets, and make decisions in accordance with the agreement's terms. This clause ensures all parties recognize the GP's legal standing and operational control, thereby preventing disputes over management authority and clarifying the chain of command within the partnership structure.
GP Recognition. Neither the Evaluation Laboratory nor any Accredited Facility thereof shall accept any Products for GP Product security evaluation unless the Evaluation Laboratory, and all physical facilities that will be involved in the security evaluation, have first undergone an assessment and been formally recognized as an Accredited Facility by GP for GP Product security evaluation under the Evaluation Process, which assessment may be carried out directly by GP or through a third party assessor selected by GP. GP shall be free to establish the terms and conditions of the assessment, the purpose of which is to ensure that the Evaluation Laboratory and the facilities engaged in the security evaluation meets GP’s generally applicable standards for test facilities performing GP Product security evaluations. When a third party assessor is used, Evaluation Laboratory agrees to pay all fees incurred to conduct such assessment directly to the assessor. Once satisfactory assessment is completed, GP shall be permitted to identify the Evaluation Laboratory’s name, and its recognized facilities and related information, on the GP Website, or in such other publications as may be released by GP from time to time, which detail all Product security evaluation facilities that have satisfactorily met GP’s security evaluation standards.
GP Recognition. Neither the CB nor any Licensed Facility thereof shall accept any Products for SESIP certification unless the CB, and all physical facilities that will be involved in the Certification Services, have first undergone an assessment and been formally recognized as a Licensed Facility by GP, which assessment may be carried out directly by GP or through a third party assessor selected by GP. GP shall be free to establish the terms and conditions of the assessment, the purpose of which is to ensure that the CB and the facilities engaged in the Certification Services meets GP’s generally applicable standards for certification facilities performing SESIP certifications. When a third party assessor is used, CB agrees to pay all fees incurred to conduct such assessment directly to the assessor. Once satisfactory assessment is completed, GP shall be permitted to identify the CB’s name, and its recognized facilities and related information, on the GP Website, or in such other publications as may be released by GP from time to time, which detail all facilities that have satisfactorily met GP’s security certification standards.