YieldCo General Partner definition
Examples of YieldCo General Partner in a sentence
Notwithstanding anything contained herein to the contrary, the Service Provider shall be under no obligation to (i) incur any Expenses pursuant to this Section 7.2 unless the Operating Company has undertaken to reimburse the Service Provider for such Expenses, or (ii) make any expenditures or disbursement of funds above the amounts specified in the Approved Budget or any variance thereof that has been approved by YieldCo General Partner.
Except as expressly provided for herein, this Agreement may be modified, amended or supplemented only by written agreement executed by the YieldCo General Partner, the Partnership, the Operating Company and the Service Provider.
The Company and the Management Members shall promptly provide or cause to be provided to each Management Member copies of all official notices and reasonably pertinent business correspondence sent by or on behalf of, or addressed to, the Company, the YieldCo General Partner, the Partnership, the Operating Company or any Management Member on behalf of any of the foregoing, in each case to the extent any such official notice or correspondence is not addressed to any such Management Member.
The Chief Financial Officer shall select the General Counsel/Secretary of the YieldCo General Partner for approval by the Board of Directors.
A Majority Interest shall select the Chief Accounting Officer of the YieldCo General Partner for approval by the Board of Directors.
Summarize all audit activities to the Audit Committee (as such term is defined in the Limited Liability Company Agreement of YieldCo General Partner) and provide such summaries secondarily to the internal audit department of the Sponsor.
In addition to the foregoing, the Chief Accounting Officer may be removed, with or without cause, at any time by the Board of Directors in accordance with the YieldCo General Partner LLC Agreement and upon such removal, a Majority Interest shall have the right to select a new Chief Accounting Officer for approval by the Board of Directors.
In addition to the foregoing, the General Counsel/Secretary may be removed, with or without cause, at any time by the Board of Directors in accordance with the YieldCo General Partner LLC Agreement and upon such removal, the Chief Financial Officer shall have the right to select a new General Counsel/Secretary for approval by the Board of Directors.
Unless a Majority Interest determines otherwise, the Vice Presidents of Operations of the YieldCo General Partner shall elect the officers and directors of the Contributed Companies and have the right to remove and replace such officers and directors.
During the Interim Period, the Parties shall use commercially reasonable efforts to identify two (2) additional individuals who (i) qualify as “Independent Directors” (as defined in the YieldCo General Partner Limited Liability Company Agreement) and (ii) may be designated to serve on the Board of Directors in such capacity in accordance with the procedures set forth in the YieldCo General Partner Limited Liability Company Agreement.