Pledge of Unit Sample Clauses

Pledge of Unit. A Limited Partner may mortgage, hypothecate, pledge, charge or grant a security interest in a Unit held by such Limited Partner as security for a loan to or an obligation of such Limited Partner, without the prior written consent of the General Partner, provided that the person in whose favour such mortgage, hypothecation, pledge, charge or security interest is granted executes and delivers to the General Partner an acknowledgement in a form acceptable to the General Partner whereby such person agrees that in the event of enforcement of such security it will be bound by and subject to the terms of this Agreement. If a Unit is so mortgaged, hypothecated, pledged, or charged or if a security interest therein is so granted, the General Partner will, upon receipt of a written request from the Limited Partner, deliver to the person specified by the Limited Partner in the written request a written acknowledgement of notice of the mortgage, hypothecation, pledge, charge or granting of a security interest and confirmation that, upon receipt by the General Partner of a written order from that person setting forth an address for payment in Canada, all distributions by the Partnership in respect of the Unit will thereafter be made to that person at that address, or at such other address in Canada as that person from time to time advises the General Partner in writing, until that person delivers to the General Partner a written release from such acknowledgement and order, and the Limited Partner, by delivering the written request to the General Partner, will thereby authorize the General Partner to make, and consent to make all distributions so made.
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Related to Pledge of Unit

  • Pledge of Revenues This contract is entered into for the direct benefit of the holders and owners of all general obligation bonds issued under the Bond Act, and the income and revenues derived from this contract are pledged to the purposes and in the priority set forth in that act.

  • Pledge of Securities Notwithstanding anything to the contrary contained in this Agreement, the Company acknowledges and agrees that the Securities may be pledged by an Investor in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Securities. The pledge of Securities shall not be deemed to be a transfer, sale or assignment of the Securities hereunder, and no Investor effecting a pledge of Securities shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document, including, without limitation, Section 2(g) hereof; provided that an Investor and its pledgee shall be required to comply with the provisions of Section 2(g) hereof in order to effect a sale, transfer or assignment of Securities to such pledgee. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Securities may reasonably request in connection with a pledge of the Securities to such pledgee by a Buyer.

  • Mutual Pledge of Accord Inherent in the relationship between the City and its employees is the obligation of the City to deal justly and fairly with its employees and of the employees to cooperate with their fellow employees and the City in the performance of their public service obligation. It is the purpose of this MOU to promote and ensure harmonious relations, cooperation and understanding between the City and the employees represented by the Association and to establish and maintain proper standards of wages, hours and other terms or conditions of employment.

  • NO STRIKE OR LOCKOUTS 3.01 The Employer agrees that, during the term of this Agreement or any extension thereof, it will not cause or direct any lockouts of its employees and the Union agrees that during the lifetime of this Agreement or any extension thereof, there will be no strike, picketing, slowdown or stoppage of work, either complete or partial.

  • NO STRIKE PLEDGE The Union agrees that during the life of this Agreement, its agents, or its members shall not authorize, instigate, aid, or engage in any work stoppage, slowdown, sick-out, refusal to work, picketing, or strike against the District. If, during the life of this Agreement, the employees, for whatever reason engage in the aforementioned provisions, the Union shall immediately publicly order the striking employees to discontinue such action through the local media. Failure of the Union to take such action shall be subject to enforcement by the ordinary process of law.

  • Knowledge of Subject Matter The teacher demonstrates a depth and breadth of knowledge of theory and content in general education and subject matter specialization(s) at the elementary and/or secondary levels. The evaluation procedure assesses the teacher's knowledge of the subject(s) she/he is required to teach and will consider the:

  • NO STRIKE - NO LOCKOUT PROVISION 6.01 The Union agrees that there shall be no strike or full or partial withdrawal of services during the terms of this Agreement.

  • NO STRIKE OR LOCKOUT The Union agrees that there shall be no strike, walkout or other interruption of work by any employees or group of employees during the term of this Agreement and the Employer agrees that there shall be no lockout during the term of this Agreement.

  • NO STRIKE/NO LOCKOUT 4.01 The Union agrees there shall be no strikes and the Hospital agrees there shall be no lockouts so long as this Agreement continues to operate. The terms "strike" and "

  • NO STRIKES OR LOCKOUTS 5.01 The Union agrees there will be no strikes and the Employer agrees there will be no lockouts during the term of this Agreement. The term "strike" and "lockout" shall bear the meaning given them in the Ontario Labour Relations Act, as amended.

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