Partnership Structure Sample Clauses

The Partnership Structure clause defines the legal and organizational framework of the partnership, specifying how the partnership is formed, its type (such as general or limited partnership), and the roles of the partners. It typically outlines the distribution of ownership interests, management responsibilities, and the process for admitting new partners or handling partner departures. By clearly establishing these foundational elements, the clause ensures all parties understand their rights and obligations, reducing the risk of disputes and providing a stable basis for the partnership’s operations.
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Partnership Structure. AXI is the sole general partner of Borrower. Ambassador V is the sole limited partner of Borrower and AA owns, directly or indirectly, approximately 90.69% of Borrower and indirectly controls Borrower. AA owns, directly or indirectly, 100% of AXI.
Partnership Structure. 3.4.1 In order, in particular, to save a total amount of € 290 million and to allow part of the Euro Disney Group’s shareholders’ equity to be reconstituted, it is envisaged that Euro Disney will, not later than the Share Capital Increase Date, contribute to Euro Disney Associés (in accordance with the spin-off regime and without resulting in a mandatory offer to acquire all the shares – offre publique de retrait obligatoire) all or substantially all of its assets and liabilities except share purchase or subscription options and commitments under share purchase or subscription option schemes existing at the date of the contribution in respect of Euro Disney shares and any other asset or liability which is non-transferable or which Euro Disney, TWDC and the Agents agree are not to be contributed. Such contribution would have the effect of terminating the Sub-lease Agreement and the lease agreement referred to in (ii) of the definition of the Transfer and Lease Agreements, as a result of the lessor and the lessee becoming the same person, Euro Disney Associés, thus avoiding the requirement to pay the Substitution Option and the Purchase Option exercise prices. Such contribution will also have a number of other consequences, among which the termination of the Conditional Share Transfer Agreement (which would be the subject of a separate express agreement). 3.4.2 All existing contracts and, in particular, the Bank Debt Agreements, the CDC Second Park Agreements and the Common Agreement will need to be amended to reflect the consequences of the implementation of the Partnership Structure, in particular, in respect of the Covenants and the Performance Indicator.
Partnership Structure. As of the date hereof, the sole general partner of Borrower is General Partner. The only Limited Partners of Borrower are set forth on EXHIBIT A attached hereto and incorporated herein by reference (or on a revised EXHIBIT A delivered to Administrative Agent in accordance with SECTION 10.5 hereof), and the Capital Commitment of each Limited Partner is set forth on EXHIBIT A (or on such revised EXHIBIT A).
Partnership Structure. 2.1 The Partnership: Membership in the Partnership is open to all agencies and organizations that have the capacity to contribute to the goals stated in the Plan. Membership will be at the following levels of authority, responsibility, and contribution to accomplish the actions in the approved annual work plan. All members will have a role to play, and some, particularly the Agreement signatories, will have more responsibility as outlined here. Partnership members who are not Agreement signatories are also a valued, vital part of the Partnership. These members can proclaim their commitments to achieving the goals via signing on to a pledge to take an active role in participating in and contributing time and energy to the actions outlined. All members of the Partnership, at all levels, are accepting a contributing role, for the mutual benefit of the participating organization and the group as a whole. Primary authority for the Partnership rests with the Co-Chairs and Leadership Team. 2.2 Co-chairs of the Partnership are the Secretary of the Maryland Department of Natural Resources and State Superintendant of the Maryland State Department of Education, per the Governor’s direction and in keeping with the successful relationship of these two agencies necessary to accomplish the Partnership’s goals. Co-chairs answer to the Governor and oversee the Leadership Team. 2.3 The Leadership Team is comprised of the signatories to this Agreement. Signatories are those entities willing and able to make a significant commitment (committing their organizations) and to take responsibility for advancing the work of the Partnership, subject to the availability of funds. Members at the Leadership level should have suitable knowledge and experience to provide direction for the Partnership; should possess the authority to commit resources and direct their staff to implement the actions; and should be influential in order to move the work to a higher level as needed to gain support, to institute policy, or to ▇▇▇▇▇▇ ample resources for implementation. Leadership/signatories should represent entities or interests that are fundamental to advising, guiding and achieving results toward the stated goals; are broad enough in scope to effectively serve the purpose of the Partnership; and hold regard for accountability to or are held accountable to the Governor. These include interests regarding education (formal educators of preK-12 and higher education, non-formal environmental educat...
Partnership Structure. 3 3.3 Subsidiaries......................................................................3 3.4 Authority.........................................................................3 3.5 Litigation........................................................................4 3.6
Partnership Structure. The grant of this Option shall in no way affect the Partnership's right to adjust, reclassify, reorganize, or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, or sell or transfer any part of its business or assets.
Partnership Structure. As of the date hereof, the sole general partner of the Feeder Fund is the Feeder Fund General Partner. The Investors in the Borrower and the Feeder Fund are set forth on Exhibit A and incorporated herein by reference (or on a revised Exhibit A delivered to the Administrative Agent in accordance with Section 10.05), and the Capital Commitment of each Investor is set forth on Exhibit A (or on such revised Exhibit A).
Partnership Structure. (a) All of the Partnership Interests, whether as general partner or otherwise, and the names of the person or persons who are the owners of such Partnership Interests are as set forth in
Partnership Structure. The Model is a partnership between local government and community based organizations, with critical and distinct roles for each partner. managers or national training providers teaching the curriculum. Prior to working with their own clients, counselors must pass an exam that evaluates their command of training material and succeed at a period of mentored, experiential training (such as role-playing, shadowing, and observation). In addition, local government and nonprofit managers coordinate continuing education opportunities as the program evolves in order to further counselors’ professional development and understanding of new issues facing those with low incomes. Data collection and reporting are essential to the success of the Model, used to improve service delivery, track required outcomes, and further budgetary and political sustainability efforts. FEC initiative partners will be required to use the FECBOT, the FEC’s dedicated database, during the Implementation grant period. Partners participate in all national data collection, tracking, and evaluation activities throughout the grant period. Partners have access to all local data collected and are able to create customized reports. The CFE Fund operates a national learning community of local government partners engaged in FEC development and implementation, as well as an Affiliate Network who also provide government-connected free financial counseling. Partners will have access to, and be expected to participate in, various learning community opportunities, both remotely and in person.
Partnership Structure. As of the date hereof, the sole general partner of each Guarantor is General Partner. The Partners of each Guarantor and each Approved Intermediary, as applicable, are set forth on Exhibit A attached hereto and incorporated herein by reference (or on a revised Exhibit A delivered to Administrative Agent in accordance with Section 10.05), and the Capital Commitment of each Investor is set forth on Exhibit A (or on such revised Exhibit A).