Priority Partner definition
Examples of Priority Partner in a sentence
Since the operation of the Priority Partner requires creation of an agent account on JYT’s B2B2B portal at ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇, the 2nd party will agree to sign a separate contract with sub-franchise to provide access to login , 2nd Party will commit to fulfilling its entire airline ticketing requirements (online and offline) through JYT.
In all matters on which Limited Partners may cast a vote, give a consent or provide or withhold any approval hereunder, or under Applicable Law, or otherwise, each Limited Partner other than a Class D Partner shall have one (1) vote (or a fraction thereof) for each Priority Unit (or fraction thereof) held by such Priority Partner, subject to the limitations as set forth in Section 12.1(d).
Priority Partner agrees to pay JYT a sum of Rs 59000/-Rupees fifty nine thousand only) Including Goods & Service Tax as an initial setup fee (“non refundable) for control panel to maintain their sub agencies and services.
During the notice period for termination of the contract, in the situation contemplated above, the Priority Partner shall keep on discharging his duties as before till the expiry of notice period.
At any time, the percentage equal to the number of Priority Units then held by a Priority Partner divided by the total number of Priority Units then held by all Partners holding Priority Units.
The Priority Partner will maintain a refundable non-interest security deposit of Rs.50, 000/-Fifty thousand with JYT which will be adjusted against bookings made by the 2nd party on daily basis.