Mandatory Provisions definition
Examples of Mandatory Provisions in a sentence
Except as otherwise provided herein or by the Mandatory Provisions of the Act, a Member shall not have the authority or power to act on behalf of, or to bind, the Company, or any other Member, and a Member shall not have the right or power to take any action which would change the Company to a general partnership, change the limited liability of a Member, or affect the status of the Company for federal income tax purposes.
The AO must ensure that the fixed amount agreement includes all of the Mandatory Provisions from ADS 308mai, Fixed Amount Agreement Template.
Non-Negotiable, Mandatory Provisions Required by Virginia Law or the Procurement Resolution are Indicated by Aa Asterisk (“*”).
Except as otherwise required under any Mandatory Provisions of the Act, without the written consent of all other Members of the Company, no Member shall have: (a) any right to resign voluntarily or otherwise to withdraw from the Company; or (b) any right to the withdrawal or reduction of any part of such Member’s Capital Contribution.
It is the responsibility of the Supplier to ensure that all terms and conditions are understood by it (including all relevant employees, agents and sub-contractors) and obligations under the USAID Standard Mandatory Provisions and other USAID requirements in this contract are met.