Rights and Obligations of the Manager. 4.2.1. Manager directs and controls the prospecting and exploration work in accordance with the approved Budget (Attachment 2).
Rights and Obligations of the Manager. 8.1 The Manager has a right to operation expenses and management fees pursuant to the Agreement.
Rights and Obligations of the Manager. Art. 5. THE MANAGER shall have the right to:
Rights and Obligations of the Manager. The Manager shall not disclose the Investor’s information to any other third parties, unless it is with the Investor’s prior consent. The Manager shall have fully disclosed the risks associated with the transactions to the Investor. (See Schedule 1) The Manager shall conduct evaluation on the Investor’s ability to identify the associated risks and his or her ability to deal with the risk. The Manager shall keep the Investor informed about the operation of the trading account(s) and the performance fee occurred on a regular basis (i.e., every month). The Manager agrees to provide the advisory services to the Investor during the trading period, which shall be starting from the date when the funds were deposited into the trading account.
Rights and Obligations of the Manager. 2.1 The Manager has the right to perform all acts that the Fund’s singular executive body has the right to perform under Russian legislation and the Fund’s charter. The scope of the Manager’s authority covers all issues regarding the management of the on-going activities of the Fund, except for issues that are within the exclusive authority of the general shareholders’ meeting or the Board of Directors of the Fund and issues the resolution of which the Manager is not authorized to undertake in accordance with the Fund’s charter or legislation in force of the Russian Federation. In performing its functions with respect to the management of the Fund, the manager shall act on the basis of this Agreement and the Fund’s charter.
Rights and Obligations of the Manager. (a) In order to further the intent of the parties set forth in the Acquisition Agreement that the Manager be entitled to the benefits of the Business from August 1, 1999, the parties intend that, subject to the provisions of this Agreement, the Manager shall be entitled to, and shall have the authority to, make management decisions in the normal course of daily operations of the Business without the prior written approval of MTGI and the Chief Executive Officer of Cygne..
Rights and Obligations of the Manager. 5.1. The manager undertakes:
Rights and Obligations of the Manager. 4.2.1. Manager directs and controls the prospecting and exploration work in accordance with the approved Budget (Attachment 2). 4.2.2. Manager is obliged to maintain accounting and provide separate records of operations on this Agreement. 4.2.3. Manager may hire and discharge personnel, consultants and contractors for the purpose of accomplishing the objectives of the Joint Activity. 4.2.4. Manager shall have to provide the Parties with the information, regarding the Joint Activity, as required by them. 4.2.5. Manager has a right to carryout any other activity to the extent reasonably required for the performance of this Agreement. 4.3. In conducting the common business the Manager shall be entitled to the reimbursement of the expenses incurred by it for such purposes. 4.4. For payments with respect to the operations under the Agreement the Parties shall use GEOS US Dollar bank account opened by the Manager. 5.
Rights and Obligations of the Manager
