Legal Structure Clause Samples

Legal Structure. (a) Proposer

Legal Structure. The School must adhere to all legal requirements as defined in Minnesota Statute 124E as identified below.

Legal Structure. The Bank shall be satisfied with the corporate and legal structure and capitalization of the Company, including, without limitation, the charter and bylaws of the Company and each agreement or instrument relating thereto.

Legal Structure. Evidence of legal structure of the Borrower --------------- and its Subsidiaries, in form and substance satisfactory to Banks.

Legal Structure. The Parties will work together to determine (i) the optimal ownership structure of the Project and (ii) the regulatory framework under which the Project will operate (collectively, "Structure"). The Parties agree that they will negotiate in good faith to agree upon a Structure that is consistent with the objectives as described in Schedule "A", and in addition, ensures that the Parties respective accounting, tax, legal, environmental and regulatory positions are optimized and is designed in a manner such that it does not lead to materially adverse accounting, tax, legal and regulatory consequences to either of the Parties. Upon preliminary determination of the Structure, each of the Parties will engage their own external advisors if necessary, including but not limited to external legal counsel, to review and comment on the Structure.

Legal Structure. The parties acknowledge that it may be advisable and in their mutual interests and the interests of the Joint Venture for the business of the Joint Venture to be conducted in a limited liability partnership, limited liability company, corporation, or other type of legal structure instead of the structure set forth herein, if a material change in the Joint Venture's business or other changes in circumstances shall occur. In the event that the Joint Venture elects to pursue a Development Project pursuant to the terms of Article 8 hereof, except to the extent otherwise expressly agreed in writing, the parties shall conduct such activities only through such an alternative legal structure and under the terms of an agreement to be negotiated in good faith between the parties hereto. In addition, either party shall have the right at any time to recommend a change in the legal structure of the Joint Venture with respect to the activities to be conducted hereunder. Any such change shall be considered by the other party in good faith, but may only be made pursuant to a favorable AGT Decision and a favorable GENOVO Decision.

Legal Structure. From the effective date of the current letter of intention, a process of “Due Diligence” of legal and technical CONCESSIONS begins. Once such process is finished and the technical preliminary studies of the CONCESSIONS have been satisfactorily completed and the results are evaluated and are favorable, a proper legal figure will be defined so that the ASSIGNOR participates in 70% and the ASSIGNEE in 30% of the exploration and exploitation project of the CONCESSIONS.

Legal Structure. While the 1940 Act does not explicitly state that registered funds must have a specific legal structure, it does impose certain requirements that assume a corporate or trust form as typical structure, such as the requirement to have a board of directors consisting of multiple directors (whose function is to oversee the operations of the fund and review contracts with service providers) and rules on voting (e.g., the right of investors to elect directors, approve fee arrangements included in the investment 12. SEC Division of Investment Management, Letter to Chairman Levitt: Mutual Funds and Derivative Instruments, 26 Sep. 1994, 18–19. The letter be found at SEC’s website: ▇▇▇▇://▇▇▇

Legal Structure. Pursuant to Section 5.5(d) of the Securities Purchase Agreement, the Company hereby provides notice of the following matters. Attached hereto as Exhibit I is a legal structure chart that depicts the ownership of the Company's Subsidiaries. AirCom PCS, Inc. and QuinCom, Inc. have been formed under the laws of the State of Alabama. All of the other Subsidiaries have been formed under the laws of the State of Delaware. The Company has been qualified to conduct business in the State of Mississippi. Tritel Communications, Inc. ("Tritel Communications") has been qualified to conduct business in the States of Alabama, Kentucky, Mississippi and Tennessee. Tritel Finance, Inc. has been qualified to conduct business in the States of Alabama, Kentucky, Mississippi and Tennessee. Tritel Holding Corp. has been qualified to do business in Mississippi.