Manager's Status Sample Clauses

The "Manager's Status" clause defines the legal and operational relationship between the manager and the other party, typically clarifying that the manager acts as an independent contractor rather than an employee or agent. This clause often specifies that the manager is responsible for their own taxes, benefits, and liabilities, and does not have authority to bind the company except as expressly permitted. By establishing the manager's independent status, the clause helps prevent misunderstandings about employment rights, obligations, and liability, ensuring both parties are clear on their respective roles and responsibilities.
Manager's Status. Manager is, and shall at all times during the term of this Agreement be, an independent contractor in the performance of its duties and obligations under this Agreement. Nothing herein contained, whether express or implied, nor any acts by Manager or Owner, nor any other circumstances shall constitute or be deemed or construed to create a partnership or joint venture, or any general agency relationship, between Owner and Manager. Manager shall have no authority to bind or otherwise obligate Owner, orally, in writing or by any acts unless specifically authorized by Owner in writing or within the terms of this Agreement. Manager shall take all reasonable steps in dealing with third parties to negate any inference that Manager is a general agent or partner of Owner.
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Manager's Status. Manager represents and warrants that it is duly registered as a broker-dealer under FINRA, the Exchange Act and the applicable statutes and regulations of each state in which the Shares will be offered and sold, except in such states in which Manager is exempt from registration or such registration is not otherwise required.
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Manager's Status. Manager shall continue to be duly registered as a broker-dealer under FINRA, the Exchange Act and the applicable statutes and regulations of each state in which the Shares will be offered and sold, except in such states in which Manager is exempt from registration or such registration is not otherwise required, during the term of this Agreement. Manager will comply with all applicable law and regulations, including, but not limited to, Regulation M, in connection with the transactions contemplated by this Agreement, including, without limitation, the issuance and sale through Manager of the Shares.
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Manager's Status. Throughout the Initial Term and any Renewal Term(s), the Manager shall qualify as an "eligible independent contractor" as defined in Section 856(d)(9) of the Internal Revenue Code of 1986, as amended (the "Code"). To that end, Manager: (a) shall not permit wagering activities to be conducted at or in connection with the Hotel by any person who is engaged in the business of accepting wage▇▇ ▇▇▇ who is legally authorized to engage in such business at or in connection with the Hotel; (b) shall not own, directly or indirectly (within the meaning of Section 856(d)(5) of the Code), more than 35% of the shares of FelCor; and (c) shall be (or shall, within the definition of Section 856(d)(9)(F), be related to a person that is actively) engaged in the trade or business of operating "qualified lodging facilities" (defined below) for a person who is not a "related person" within the meaning of Section 856(d)(9)(F) of the Code with respect to FelCor or 80 95 Leasehold Owner ( "Unrelated Persons"). In order to meet this requirement, the Manager agrees that it (or any related person) (i) shall derive at least 10% of both its revenue and profit from operating "qualified lodging facilities" for Unrelated Persons and (ii) shall comply with any regulations or other administrative guidance under Section 856(d)(9) of the Code with respect to the amount of hotel management business with Unrelated Persons that is necessary to qualify as an "eligible independent contractor" with the meaning of such Code Section.
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Manager's Status. Manager is, and shall at all times during the term of this Agreement be, an independent contractor in the performance of its duties and obligations under this Agreement. Nothing herein contained, whether express or implied, nor any acts by Manager or Owner, nor any other circumstances shall constitute or be deemed or construed to create a partnership or joint venture, or any general agency relationship, between Owner and Manager. Manager shall have no authority to bind or otherwise obligate Owner, orally, in writing or by any acts unless specifically authorized by Owner in writing or within the terms of this Agreement. PROPERTY MANAGEMENT AND LEASING AGREEMENT APARTMENTS Page 13 Manager shall take all reasonable steps in dealing with third parties to negate any inference that Manager is a general agent or partner of Owner.
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Manager's Status. Manager is properly and lawfully organized as a corporation, partnership, limited partnership, limited liability company, or sole proprietorship. Manager is properly licensed, registered, and qualified to do business and is in good standing in each jurisdiction where such qualification, registration, and licensure is required. Manager has and will maintain all rights, licenses, registrations, and qualifications required to conduct its business.
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Related to Manager's Status

  • SUPPLIER’S STATUS At all times during the Contract Period the Supplier shall be an independent contractor and nothing in this Contract shall create a contract of employment, a relationship of agency or partnership or a joint venture between the Parties and, accordingly, neither Party shall be authorised to act in the name of, or on behalf of, or otherwise bind the other Party save as expressly permitted by the terms of this Contract.

  • Contractor’s Status At all times during the Contract Period the Contractor shall be an independent contractor and nothing in the Contract shall create a contract of employment, a relationship of agency or partnership or a joint venture between the Parties and accordingly neither Party shall be authorised to act in the name of, or on behalf of, or otherwise bind the other Party save as expressly permitted by the terms of the Contract.

  • A3 Contractor’s Status At all times during the Contract Period the Contractor shall be an independent contractor and nothing in the Contract shall create a contract of employment, a relationship of agency or partnership or a joint venture between the Parties and accordingly neither Party shall be authorised to act in the name of, or on behalf of, or otherwise bind the other Party save as expressly permitted by the Terms of the Contract.

  • Independent Status The employees, volunteers, or agents of each party who are engaged in the performance of this Agreement will continue to be employees, volunteers, or agents of that party and will not for any purpose be employees, volunteers, or agents of the other party.

  • Student Status Licensee must maintain status as a student registered at Cal Poly with a minimum of eight (8) Cal Poly quarter units or if a graduate student, four (4) units. Exception requests must be submitted in writing to University Housing for approval (or contact the Disability Resource Center if disability related) if Licensee falls below these minimums. Dropping below the minimum is not considered a standard for cancellation and will not release the Licensee from paying any housing-related fees. The University may, at its sole option and discretion, revoke this License in accordance with the provisions herein if the Licensee fails to enroll in the minimum units, or drops below the minimum unit requirement after the beginning of the academic fee period.