Operating Divisions Sample Clauses

Operating Divisions. Upon the signing of this Agreement, the wholly owned subsidiary of LMKI, S.T.M. COMMUNICATIONS, INC., shall become the operating entity for the telecommunication business. All contracts with GTE and Pacific Xxxx shall become the exclusive property of S.T.M. COMMUNICATIONS, INC. All assets and liabilities relating to the operational aspects of the telecommunication business shall become the property of S.T.M. COMMUNICATIONS, INC. LMKI shall retain the following assets: Certificate of Deposit in the Gemini Capital Fund $950,000.00, Barter Exchange Certificates $900,000.00, and Note Receivable - Mesa Valley LLC $3,200,000.00. S.T.M. COMMUNICATIONS, INC., shall indemnify LMKI and LJSI against any and all liabilities arising from the part or present telecommunication side of the business. XXXXXXX TRUST shall surrender its 7,500,000 shares in LMKI in exchange for 7,500,000 shares in STMC. LMKI shall tender to STMC $500,000.00 less before mentioned telecommunication related expenses paid by LMKI, in exchange for 833,333 shares of STMC. The part of the agreement is contingent upon the full funding of the $500,000.00 from the sale of the $3,000,000.00 Private Placement of LMKI or at the discretion of both parties.
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Operating Divisions. The General Partner may establish one or more operating divisions of the Partnership, and may confer on the employees or officers of the Partnership assigned to any such operating division the title of President, Vice President and any other titles deemed appropriate. The General Partner may at any time discontinue any such operating division or title or remove any person from any such office. The designation of any such titles for employees or officers assigned to operating divisions of the Partnership shall not be permitted to conflict in any way with any executive or administrative authority established from time to time by or for the Partnership. Any Person designated as an officer of an operating division shall have authority, responsibilities and duties with respect to such operating division corresponding to those normally vested in the comparable officer of the Partnership by this Agreement, subject to such limitations as may be imposed by the General Partner.

Related to Operating Divisions

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Interim Operations The Company covenants and agrees as to itself and its Subsidiaries that, after the date hereof and prior to the Effective Time (unless Parent shall otherwise approve in writing and except as otherwise expressly contemplated by this Agreement):

  • Project Oversight Inspection and acceptance of the Work shall be performed by Xxxxxx Xxxxxx, Construction Manager of the Planning, Development & Facilities Department of the District. The architect for the Project is not applicable to this project, and the Project Manager on the Project is Xxxxxx Xxxxxx, (“Project Manager”)

  • Interim Operations of the Company The Company covenants and agrees as to itself and its Subsidiaries that during the period from the date of this Agreement until the Effective Time or the date, if any, on which this Agreement is earlier terminated pursuant to Section 7.1, except as (w) disclosed in Section 5.1 of the Company Disclosure Letter, (x) expressly contemplated or permitted by this Agreement, (y) required by applicable Law, or (z) agreed to in writing by Parent, after the date of this Agreement and prior to the Effective Time:

  • Access to Properties Subject to the rights of Tenants, Borrower shall permit agents, representatives and employees of Lender to inspect the Properties or any part thereof at reasonable hours upon reasonable advance notice.

  • Interim Operations of Sub Sub was formed solely for the purpose of engaging in the transactions contemplated hereby, has engaged in no other business activities and has conducted its operations only as contemplated hereby.

  • Management Reports Promptly upon receipt thereof, copies of all detailed financial and management reports submitted to the Company by independent auditors in connection with each annual or interim audit made by such auditors of the books of the Company.

  • Fund Accounting Services GFS may from time to time adopt procedures, or modify its procedures, to implement the terms of this Section. With respect to each Fund, GFS shall provide the following services subject to, and in compliance with, the objectives, policies and limitations set forth in the Trust’s Registration Statement, the Trust’s Agreement and Declaration of Trust, Bylaws, applicable laws and regulations, and resolutions and policies implemented by the Trust’s Board of Trustees (the “Board”):

  • General Considerations a. All reports, drawings, designs, specifications, notebooks, computations, details, and calculation documents prepared by Vendor and presented to the Board pursuant to this Agreement are and remain the property of the Board as instruments of service.

  • Operations Matters Section 1.7 of Article I of the Agreement is deleted in its entirety and replaced with the following:

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