SPONSOR’S DUTIES. The Sponsor agrees to underwrite the payment of all money due and payable under this contract, in consideration of the services to be supplied for the benefit of the child. Where the Sponsor has agreed with the parents to make those payments on their behalf at all times, the Sponsor agrees to be the party which is billed, and undertakes to make all payments directly to CordBank, without releasing the parents from their responsibility to make payments to CordBank. Otherwise, the Sponsor acts as guarantor and underwriter for all payments due under this contract, and agrees that, if at any time any payment remains unpaid for a period of 3 months, then he or she will be directly liable to CordBank for all outstanding and future payments, any right of reimbursement from the parents being strictly between the Sponsor and the parents. The Sponsor acknowledges that CordBank will terminate this contract if he or she fails to make those payments. The Sponsor may assign his or her responsibilities under the Contract but only if CordBank agrees in writing. CordBank will not unreasonably withhold consent.
SPONSOR’S DUTIES. The Sponsor agrees to construct, operate and maintain the approved trails in accordance with the guidelines contained within the Minnesota Off-Highway Vehicle Trails Assistance Program Manual current at the time this agreement is signed, hereinafter referred to as the "Manual" as accepted or amended by the State which is incorporated into this contract by reference and filed with the Minnesota Department of Natural Resources Division of Parks and Trails 000 Xxxxxxxxx Xxxx Xx. Xxxx XX 55155 and online at xxxx://xxx.xxx.xxxxx.xx.xx/grants/recreation/gia_ohv.html . All work will be the responsibility of the Sponsor, Sponsor's employees, or the Sponsor’s agent. The Sponsor, who is not a state employee, will:
SPONSOR’S DUTIES a. The Sponsor agrees to perform its duties under this Amended and Restated Declaration of Trust in its subjective good faith belief as to what is in or not opposed to the best interests of the Trust, but only upon the express terms of this Amended and Restated Declaration of Trust. To the fullest extent permitted by law, the Sponsor shall not have any implied duties (including fiduciary duties) or liabilities otherwise existing at law or in equity with respect to the Trust, the Shareholders or any other Person, all of which duties are hereby eliminated. To the fullest extent permitted by law, the provisions of this Amended and Restated Declaration of Trust, to the extent that they restrict or eliminate the duties (including fiduciary duties) and liabilities of the Sponsor otherwise existing at law or in equity are agreed by the parties hereto to replace such other duties and liabilities of the Sponsor. Unless otherwise determined by the Sponsor, each officer of the Trust shall owe to the Trust and the Shareholders the same fiduciary duties (and only such fiduciary duties) as owed by officers of private corporations for profit to such corporations and their stockholders under the Delaware General Corporation Law.
SPONSOR’S DUTIES. In order to address the provisions of 6.1above, the Sponsor will utilize Attachment 3 as the Oversight Tool in FY (this Attachment is used only for the start-up year without students) and Attachment 4 in FY and .
SPONSOR’S DUTIES. The Sponsor agrees to underwrite the payment of all money due and payable under this contract, in consideration of the services to be supplied for the benefit of the child. Where the Sponsor has agreed with the parents to make those payments on their behalf at all times, the Sponsor agrees to be the party which is billed, and undertakes to make all payments directly to CordBank, without releasing the parents from their responsibility to make payments to CordBank. Otherwise, the Sponsor acts as guarantor and underwriter for all payments due under this contract, and agrees that, if at any time payment amounting to at least 2 months annual storage fee remains unpaid, then he or she will be directly liable to CordBank for all outstanding and future payments, any right of reimbursement from the parents being strictly between the Sponsor and the parents. The Sponsor acknowledges that CordBank will terminate this contract if he or she fails to make those payments. The Sponsor may assign his or her responsibilities under the Contract but only if CordBank agrees in writing. CordBank will not unreasonably withhold consent.
SPONSOR’S DUTIES. The Trust and Sponsor shall have -------------------------------- the following duties:
SPONSOR’S DUTIES
