Active Involvement definition
Active Involvement means the Principal’s ongoing, good-faith, and material participation in the Manager’s business in a role and at a level consistent with the responsibilities held on the Effective Date.
Active Involvement means significant involvement in the day-to-day operations of the Borrower, and in the case of ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇ ▇▇▇, "active involvement" shall mean attentive service as a director or officer of Borrower.
Active Involvement implies that SCP shall actively sell all or part of Goldvision products or Goldvision Subsidiaries (controlled by Goldvision) products in the various market segments.
Examples of Active Involvement in a sentence
As used herein, (i) “Trigger Event” means if at any time and for any reason ▇▇▇▇▇▇ ▇▇▇▇▇ (the “Principal”) dies, suffers a Permanently Disability, or ceases to have Active Involvement (which active involvement may be direct or indirect) in the business of the Manager for a period of more than thirty (30) consecutive days.
As used herein, (i) “Trigger Event” means if at any time and for any reason G▇▇▇▇▇ ▇▇▇▇▇ (the “Principal”) dies, suffers a Permanently Disability, or ceases to have Active Involvement (which active involvement may be direct or indirect) in the business of the Manager for a period of more than thirty (30) consecutive days.
More Definitions of Active Involvement
Active Involvement may indeed mean in some contexts being active in each and every way, and being continuously part of the engagement with a client. Here, however, to my mind, the better interpretation was that the clause referred to active involvement in either acquisition or retention. Again, this went back to the plain words of the clause which pointed to that conclusion. The clause states that active involvement encompasses acquisition or retention. In their supplementary submissions, the defendants belatedly sought to nuance their position by characterizing the issue of “active involvement” as one of degree.78 Apart from this being wholly unwarranted, the reframing of the point added little to the defendants’ case in principle. At its pith, the reframing of the issue advanced by the defendants returned to the issue of the plaintiff not continuously working on the SCB account, which, as observed, was not required by the clause. 77 DCS at para 107. 78 DSS at paras 2 and 3. 49 The defendants also argued that for commission to be payable, there had to be operational involvement, meaning that there had to be involvement in an existing business for a client, or business development leading to a new revenue stream. As noted by the plaintiff’s counsel, the defendants’ submission seemed to recognise that either acquisition or business development relating to new revenue streams would lead to commission being payable. Again, such an interpretation cohered with the plain language of the clause. It further could not be gainsaid on the evidence before me that the plaintiff’s activities leading to SCB becoming a client did not lead to revenue coming in; that was the whole point of the team servicing the SCB account. 50 As for the argument that entitlement to commission was solely premised on actual involvement in the maintaining or continued servicing of the SCB account, this goes against the plain words. The phrase in question did not contain a disjunctive “or”, but was emphatically disjunctive: it stated whether in one situation or another. There was no reasonable, or acceptable, construction in favour of the defendants’ position that did not do violence to the words of the clause. Any ambiguity would have to be resolved in favour of the plaintiff on the basis of the contra proferentem rule. As explained in the controlling authority of Zurich Insurance (Singapore) Pte Ltd v B-Gold Interior Design & Construction Pte Ltd [2008] 3 SLR(R) 1029 at [131], the contra proferentem rule is a...
Active Involvement means the Senior Adviser’s provision of services pursuant to this Agreement.
Active Involvement means attentive service as a director or officer of Borrower.
Active Involvement which “shall be encouraged” means a more intensive form of public involvement than a one-time opportunity for consultation and submission of comments. It should be understood as an overarching process, consisting of various opportunities when the stakeholders can be involved in
Active Involvement the Loan Officer will (i) include the Problem Loan Manager or other representative from CA in all negotiations and discussions with management, sponsor groups or other relevant third parties, (ii) provide the Problem Loan Manager or other representative from CA with all relevant financial analysis and financial information, (iii) consult with the Problem Loan Manager or other representative from CA in establishing loan management strategies and/or action plans.