Partnership terms Clause Samples

Partnership terms. If you are a partnership, the following shall apply: 8.1 Each partner (whether an Authorised Signatory on the account or not) will be jointly and severally liable for all liabilities of whatever nature of the partnership to us together with interest, fees and charges. Therefore, each partner is separately responsible to us for all debts and liabilities of the partnership and not just a share of them. We may take action against all or any of the partners. 8.2 If there is a dispute between the partners about the partnership accounts, we may require all partners to authorise transactions until all partners agree how the partnership accounts are to be run. Therefore, no payments out of the partnership accounts will be made unless authorised by all partners and all facilities requiring authorisation from only one partner or authorised signatory, for example internet banking, will be suspended until the dispute is resolved. Payments made to the partnership will be paid into the partnership accounts in the usual manner. 8.3 If any partner dies or ceases to be a partner of the partnership, we may treat any continuing partners as having full power to carry on the partnership’s business and to deal with its assets as if there had been no change in the partnership. This applies unless we receive written notice to the contrary from any of the continuing partners, or from the executors, legal personal representatives or trustees of any deceased partner. 8.4 If we are owed money on the partnership accounts: (a) When a partner dies, the deceased partner’s estate remains responsible for paying the debt and we may require payment from the deceased partner’s assets; (b) When a partner leaves the partnership, each partner (including the partner who has left) remains separately responsible to us to repay all the debts. 8.5 The partners will notify us immediately of any changes in the partnership and the current partners will ensure that any incoming partners are given appropriate account signing authority. 8.6 The account signing authority will not be affected by: (a) any change in the name of the partnership; or (b) any change in the partners of the partnership as a result of death, bankruptcy; retirement, any new partner (s) joining or otherwise. 8.7 Any termination of or alteration to the account signing authority shall not release the partners from any previous liability or indemnity for any act performed by us in accordance with instructions previously received from the ...
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Partnership terms. 7.1 Nothing in this agreement shall constitute or be construed as constituting a partnership or joint venture between the parties nor shall anything in this agreement authorise one party to enter into contractual relationships or incur obligations on behalf of the other party. 7.2 Neither party will hold itself out or represent itself as the partner or agent of the other or permit any third party to make such representations.
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Partnership terms. This Agreement shall enter effect on the date of its signature by both Parties. It shall end three (3) months after the date of the Event.
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Partnership terms. 1. Party A provides the planting technicians, soil-improving technicians and product promotion personnel to plant 3000 peach trees. 2. Party B provides 300 acres land in Masha town, Jianyang City, Fujian Province for planting trees, houses and vehicles for Party A’s technicians to live and use, other farming equipments, and eight field working persons. 3. Cost Calculation of “The Plan”: Party A is responsible for the purchases of tree species, salaries and meal costs of the senior technicians and product promotion personnel, and dispatched workers’ transportation costs; Party B is responsible for the land, dispatched workers’ housing, commute vehicles, farming equipments, excavation equipments, and field working persons’ monthly salaries. Party B should try its best to provide local resources to assist Party A’s personnel.
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Partnership terms. By consenting to be a member of the LHPCP members agree to the following:  To provide input into the development and implementation of strategies to meet the overall aims of the LHPCP strategic documents;  Provide in-kind support and resources, where appropriate and support the strategic directions;  Participate as appropriate in LHPCP projects and activities as relevant for successful implementation of DHHS priorities. Attachment 6. Partnering Agreement “Signatory Form 2018 -2021”
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Related to Partnership terms

  • Partnership Name The name of the Partnership is “OZ Advisors II LP.” The name of the Partnership may be changed from time to time by the General Partner.

  • Partnership Agreements Each of the partnership agreements, declarations of trust or trust agreements, limited liability company agreements (or other similar agreements) and, if applicable, joint venture agreements to which the Company or any of its subsidiaries is a party has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes the valid and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except as the enforcement thereof may be limited by (A) the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or (B) the effect of general principles of equity, and the execution, delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any law, administrative regulation or administrative or court order or decree.

  • Partnership Agreement Units issued upon payment of the Phantom Units shall be subject to the terms of the Plan and the Partnership Agreement. Upon the issuance of Units to the Participant, the Participant shall, automatically and without further action on his or her part, (i) be admitted to the Partnership as a Limited Partner (as defined in the Partnership Agreement) with respect to the Units, and (ii) become bound, and be deemed to have agreed to be bound, by the terms of the Partnership Agreement.

  • Operating Partnership Agreement The Operating Partnership Agreement, in substantially the form attached hereto as Exhibit B, shall have been executed and delivered by the partners of the Operating Partnership and shall be in full force and effect and, except as contemplated by Section 2.03 or the other Formation Transaction Documents, shall not have been amended or modified.

  • Amendment of Partnership Agreement Pursuant to Section 17-211(g) of the Delaware Act, an agreement of merger or consolidation approved in accordance with this Article XIV may (a) effect any amendment to this Agreement or (b) effect the adoption of a new partnership agreement for the Partnership if it is the Surviving Business Entity. Any such amendment or adoption made pursuant to this Section 14.5 shall be effective at the effective time or date of the merger or consolidation.