Governance of the Partnership Sample Clauses

Governance of the Partnership. 9.1 The Company shall oversee, administer and manage the Partnership in its capacity as general partner and the Partnership shall carry out the JV Activities, all subject to the provisions of the JV Agreement.
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Governance of the Partnership. 6.1 An Executive Board shall be established consisting of the nominated Assistant Chief Constable from the Police and an appropriate Cabinet Member from each of the Local Authority Partners, each supported by a senior officer. The Executive Board shall set policies and priorities for the delivery of Partnership funded enforcement of speed limits in order to reduce road casualties and address local concerns about speed related issues in Lancashire and comply with the terms of reference set out in Schedule 1 to this Agreement. A Management Board shall be established to support the Executive Board comprising senior officers of each Partner organisation. The Management Board shall carry out the wishes of the Executive Board and comply with the Terms of Reference of the Management Board set out at Schedule 2 to this Agreement.
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Governance of the Partnership. The management of the partnership will be carried out by the Partnership Management Committee (PMC). The day-to-day management of minor issues will be handled by clergy and administrative staff. Clergy will handle the day-to-day direction of shared staff. Partnership Management Committee Composition of PMC: The Composition will be equal in number and balanced to include incumbent priest (All Saints’ Westboro) and minister (First United); senior warden (All Saints’ Westboro) and chair of Council (First United); two members from each congregation/vestry to be named by the respective partners. The treasurer (All Saints’ Westboro) and chair of finance (First United) will be non-voting resource people to the committee unless identified as one of the voting members for their respective congregation. The committee has the prerogative to determine how best to conduct its business, including how the committee will be chaired. The PMC will meet as needed and generally between six and ten times each year. Mandate of PMC: The mandate includes, but is not limited to, the following: • Oversee all aspects of the partnership; • Oversee the creation, mandate, work and duration of task specific committees; • Approve and oversee the expenditure of funds that fall within the spending purview of the partnership, seeking further approval as necessary; • Develop, approve and implement policies and procedures to guide the partnership; • Encourage and support the implementation and growth of the partnership; • Ensure the “Building Improvement Plan”, as well as the “Major Capital Improvement Plan”, proposed by the Joint Property Committee meets the needs of the partners and recommend this plan to the Corporation and Vestry of All Saints’ Westboro and to the Council of First United; • Oversee the usage of space • Solve problems and manage conflict, including space, property and staff-sharing issues; • Review on an ongoing basis the implementation of the partnership and oversee any required adjustments; • Conduct a formal evaluation of the Partnership at least once every five years. • Develop communication strategies to keep both congregations informed of the activities and progress of the partnership including the preparation of an Annual Partnership Report, to the Vestry of All Saints’ Westboro and the Congregation of First United PMC Sub-Committees:
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Governance of the Partnership. (a) The parties agree to work collaboratively during the Partnership. In order to ensure the success of the Partnership, Ginkgo and Amyris will form the following committees for the purpose of governing the Partnership: (i) Executive Committee, which will be comprised of the respective CEOs of Amyris and Ginkgo; and (ii) Partnership Steering Committee, which will be comprised of four (4) members with two (2) representatives appointed by Ginkgo and two (2) representatives appointed by Amyris. The Partnership Steering Committee will be responsible for overall management of the Partnership including without limitation (i) ensuring regular communication between the Parties, and (ii) ensuring the establishment of, and monitoring of progress of Programs that fall under the Partnership. The Partnership Steering Committee will also be responsible for the monitoring, reviewing and reporting on the progress of the Partnership. As needed, the Partnership Committee will establish subcommittees and other working groups and deputize individuals that will report to it to further the objectives of the Partnership. Such sub-committees will include, by way of example, a business development collaboration committee which will be comprised of a representative from both Ginkgo and Amyris; a Technical Contact with primary responsibility for developing a technical development plan for ingredient(s) of interest to customers; and a Program Lead & Co-Program Lead which will be comprised of one person per Product at each site (individuals may be Program Lead or co-Program Lead for more than one product).
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Governance of the Partnership 
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Related to Governance of the Partnership

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Purpose of the Partnership The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.

  • Management of the Partnership (a) Except as otherwise expressly provided in this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and control the business of the Partnership for the purposes herein stated, and shall make all decisions affecting the business and assets of the Partnership. Subject to the restrictions specifically contained in this Agreement, the powers of the General Partner shall include, without limitation, the authority to take the following actions on behalf of the Partnership:

  • Termination of the Partnership The Partnership shall terminate when all assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

  • Purposes of the Partnership The purposes of the Partnership are (a) to issue limited partnership interests in the Partnership in the form of Partnership Preferred Securities, (b) to receive the General Partner Capital Contribution, (c) to use substantially all of the Initial Partnership Proceeds to purchase, as an investment, the Initial Debentures, (d) to invest, at all times, an amount equal to at least 1% of the Initial Partnership Proceeds in Eligible Debt Securities, (e) to receive interest and other payments on the Affiliate Investment Instruments and the Eligible Debt Securities held by the Partnership from time to time, (f) to make Distributions on the Partnership Preferred Securities and distributions on the General Partner Interest if, as and when declared by the General Partner in its sole discretion, (g) subject to the restrictions and conditions contained in this Agreement, to make additional investments in Affiliate Investment Instruments and Eligible Debt Securities and to dispose of any such investments and (h) except as otherwise limited herein, to enter into, make and perform all contracts and other undertakings, and engage in those activities and transactions as the General Partner may reasonably deem necessary or advisable for the carrying out of the foregoing purposes of the Partnership. The Partnership may not engage in any other activities or operations except as contemplated by the preceding sentence.

  • Dissolution of the Partnership The Partnership shall be dissolved upon the happening of any of the following:

  • Capitalization of the Partnership Subject to Section 8.2, the Partnership is authorized to issue two classes of Partnership Interests. The Partnership Interests shall be designated as General Partner Interests and Limited Partner Interests, each having such rights, powers, preferences and designations as set forth in this Agreement.

  • Continuation of the Partnership The parties hereto agree to continue the Partnership in accordance with the terms of this Agreement. The General Partner, for itself and as agent for the Limited Partners, shall make every reasonable effort to assure that all certificates and documents are properly executed and shall accomplish all filing, recording, publishing and other acts necessary or appropriate for compliance with all the requirements for the continuation of the Partnership as a limited partnership under the Act and under all other laws of the State of Delaware or such other jurisdictions in which the General Partner determines that the Partnership may conduct activities. The rights and duties of the Partners shall be as provided herein and, subject to the terms hereof, under the Act.

  • Term of the Partnership The Partnership shall continue in existence until December 31, 2054, unless sooner terminated pursuant to amendment or as hereinafter set forth in Article IX.

  • BUSINESS OF THE PARTNERSHIP The purpose and nature of the business to be conducted by the Partnership is (i) to conduct any business that may be lawfully conducted by a limited partnership organized pursuant to the Act, provided, however, that such business shall be limited to and conducted in such a manner as to permit the General Partner at all times to qualify as a REIT, unless the General Partner otherwise ceases to qualify as a REIT, and in a manner such that the General Partner will not be subject to any taxes under Section 857 or 4981 of the Code, (ii) to enter into any partnership, joint venture, co-ownership or other similar arrangement to engage in any of the foregoing or the ownership of interests in any entity engaged in any of the foregoing and (iii) to do anything necessary or incidental to the foregoing. In connection with the foregoing, and without limiting the General Partner’s right in its sole and absolute discretion to qualify or cease qualifying as a REIT, the Partners acknowledge that the General Partner intends to qualify as a REIT for federal income tax purposes and upon such qualification the avoidance of income and excise taxes on the General Partner inures to the benefit of all the Partners and not solely to the General Partner. Notwithstanding the foregoing, the Limited Partners agree that the General Partner may terminate its status as a REIT under the Code at any time to the full extent permitted under the Charter. The General Partner on behalf of the Partnership shall also be empowered to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Code.

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