Examples of BOPC Group Member in a sentence
The Manager hereby agrees that any money or other property of a BOPC Group Member held by the Manager under this Agreement will be held by the Manager as custodian for such Person, and the Manager’s records will be appropriately marked clearly to reflect the ownership of such money or other property by such Person.
The parties acknowledge that the Manager is providing the Services hereunder as agent of each BOPC Group Member but that the Manager is not a partner or joint venturer with any BOPC Group Member.
Any amount payable by the Trust, the Limited Partnership or any BOPC Group Member hereunder which is not remitted when so due will remain due (whether on demand or otherwise) and interest will accrue on such overdue amounts (both before and after judgment) at a rate per annum equal to the Interest Rate.
The Trust and Limited Partnership will be jointly and severally liable with each BOPC Group Member in respect of the payment of all fees and expenses payable under this Agreement and will indemnify the Manager and its Affiliates in respect of all amounts payable to them pursuant to this Agreement.
Frequency of Rate Changes We may change the interest rate on your Savings Account at any time.
In this Agreement, references to “generally accepted accounting principles” mean, the generally accepted accounting principles set out in the Handbook of the Canadian Institute of Chartered Accountants and, at the option of the applicable BOPC Group Member, shall include IFRS.
Upon the receipt by the Manager of a written request signed by a duly authorized representative of a BOPC Group Member requesting the Manager to release any money or other property then held by the Manager for the account of such BOPC Group Member under this Agreement, the Manager will release such money or other property to such BOPC Group Member within a reasonable period of time, but in no event later than 60 days following such request.
If a BOPC Group Member, acting reasonably, requires a special service or has a special requirement beyond the Manager’s usual services, the Manager will advise if it is able to accommodate such request, and if it is able, the Manager will provide such service at the reasonable expense of the BOPC Group Member requesting the service.
Except as expressly provided for herein, no BOPC Group Member will, during the term of this Agreement, engage any other Person to provide any services comparable to the Services without the prior written consent of the Manager, which may be withheld in the absolute discretion of the Manager.
Nothing herein will be construed so as to make the Manager a partner or joint venturer with any BOPC Group Member or impose any liability on any of them as such as a result of this Agreement.