Pool Management Sample Clauses
The Pool Management clause defines the responsibilities and authority of the party or entity tasked with overseeing and administering a collective pool of assets, funds, or resources. Typically, this clause outlines how the pool is managed on a day-to-day basis, including decision-making processes, reporting requirements, and the allocation or distribution of assets among participants. For example, it may specify who can make investment decisions, how expenses are handled, and the standards for record-keeping. The core function of this clause is to ensure transparent, efficient, and accountable management of pooled resources, thereby minimizing disputes and clarifying operational expectations among all parties involved.
Pool Management. CPIC shall be the manager of the Traditional Program Business Pool and provide management services which shall include, but not be limited to, the following:
1. Marketing, underwriting and issuance of Policies;
2. Determining premium rates and other underwriting terms and conditions with respect to the issuance of Policies;
Pool Management. TICNY shall be the manager of the Brokerage Business Pool and provide management services which shall include, but not be limited to, the following:
1. Marketing, underwriting and issuance of Policies;
2. Determining premium rates and other underwriting terms and conditions with respect to the issuance of Policies;
Pool Management. The HRARA Board of Directors has delegated Premier Pool Management the responsibility of day to day management of the order, safety, and cleanliness in and around the pool area; supervision of operating staff; and enforcement of rules, regulations and fees established by the Board of Directors. The Pool Manager or representatives are in charge of the pool facility at all times. The Pool Management staff will close the pool if necessary to conduct maintenance or to decontaminate the pool. At such times, the Pool Management staff will bar entrance to the pool enclosure.
Pool Management. The Provider shall be responsible for managing and maintaining the Pool at his own expense and in compliance with the relevant OEM recommendations. Any LRU from the Pool delivered to the Company by the Provider or any Repair Shop shall comply with the applicable Aircraft technical specifications.
Pool Management. The parties will jointly operate the indoor pool facility. The Park District will have overall responsibility for the operation, maintenance, and management of the indoor pool.
Pool Management. 1. The Pool Manager shall execute the tasks and formal functions as set out in this Agreement. The Pool Manager, however, does not assume liability under any legal aspect for claims by the Ship Owners and/or the Managing Owners under or in connection with this Agreement. Nor do Managing Ship Owners assume liability for claims by the Ship Owners. In respect of his own conduct the Pool Manager is only liable for intent and gross negligence.
2. On demand, the Pool Manager shall have the Pool Accounts reviewed by a chartered accountant / tax accountant on a yearly basis to confirm compliance with the terms of this Pool Agreement. The report of the chartered accountant/tax accountant will be delivered to the Pool Manager and the Ship Owners no later than 3 months following the end of each calendar year. The choice of chartered accountant/tax accountant is made yearly by a majority resolution of the Ship Owners. Reasonable review-costs are debited to the UOS AHTS Pool.
3. The Pool Manager shall be paid the lesser of 0.025 % of the net-Pool Revenues or US$ 45,000.00 per annum. Such amounts shall be debited from the UOS AHTS Pool on a quarterly basis.
4. The Pool Manager is entitled to instruct sub-contractors for the performance of individual or several services incumbent on the Pool Manager. The Pool Manager must receive approval for subcontractors by majority vote of the Ship Owners.
5. By way of a majority resolution of the Pool Meeting, the Pool Manager can be dismissed without any reason with a notice period of one month. The entitlement to a dismissal without notice continues to apply. In this case the Ship Owners directly appoint a new Pool Manager by majority resolution.
Pool Management. The Repairer shall be responsible for managing and maintaining the Pool at his own expense and in compliance with the relevant OEM recommendations. Any LRU from the Pool delivered to the Company by the Repairer or any Repair Shop shall comply with the applicable Aircraft technical specifications.
Pool Management. (a) The Pool Managers shall at all times have adequate, sufficient and competent personnel to carry out Pool related 95 activities including but not limited to:
96 (i) performance of commercial management and operations;