The Foundation. 10.1 The Foundation acts as a Buckaroo-appointed custodian of funds received by Merchants and other parties and manager of the Clients' Account and makes/forwards payments at Buckaroo’s request. The Merchant does not have an agreement with the Foundation. If the Foundation makes a payment to the Merchant, Buckaroo’s obligation to forward payments to the Merchant is reduced by an equal amount.
The Foundation with the agreement of ENZO, shall select and outside patent attorney to handle patent prosecution matters relating to the filing, prosecution and maintenance of PATENTS and for the filing, prosecution and maintenance of patents on SUPPLEMENTAL INFORMATION.
The Foundation. As soon as practicable following the Effective Time, the Foundation shall change its name to a name selected by the Buyer. Beginning at the Effective Time and for a period of three (3) years thereafter, the board of directors of the Foundation shall consist of James C. McGill, A. Christine Baker, and Fairfax C. Reynolds, with Jaxxx X. XxXxxx xervinx xx Xxxxxxxx xf the Board. Dxxxxx xxxx three (0) xxxx xxxxxx, fifty percent (50%) of the proceeds disbursed by the Foundation shall be disbursed within the sole discretion of the Foundation's board of directors and the remaining fifty percent (50%) of the proceeds disbursed shall be disbursed in specific accordance with the instructions of the Buyer's board of directors, provided that during such three (3) year period (i) proceeds disbursed in any one (1) year shall not exceed more than five percent (5%) in the aggregate of the Foundation's total assets and (ii) all proceeds disbursed by the Foundation shall be disbursed for the benefit of Alamance County, North Carolina. Following the expiration of such three (3) year period, James C. McGill, A. Christine Baker and Fairfax C. Reynolds shall resxxx xxxx xxx Xxundatxxx'x xxxxx xx directors and xxxxx (0) replacement directors shall be selected by Buyer's board of directors. At the Effective Time, the Buyer and the Foundation shall enter into an agreement (the "Foundation Agreement") in form and substance satisfactory to the Company and the Buyer consistent with the provisions of this Section 6.2(e).
The Foundation. Section 1.01 The Hospital Foundation (“Foundation”) has contributed in a meaningful way to the operation of the Hospital for many years. BMH and TVH recognize the support the Foundation has provided, and BMH and TVH wish to continue to promote the collaborative relationship that exists. Due to the Hospital's change in ownership, it will be necessary for the Foundation to review and potentially revise its governing documents (Articles of Incorporation, Bylaws, etc.) to demonstrate that the Foundation will continue to support TVH after the Closing Date. The Foundation Director and the leadership of TVH will work closely together to align efforts and to develop a comprehensive philanthropic plan that reflects a unity of interest between TVH and BMH, for the benefit of TVH patients, consistent with the mission, vision, strategic plan and values of TVH.
The Foundation. At Closing, the Foundation shall deliver to the Company the following:
The Foundation. The Foundation shall deliver, or cause to be delivered, to Purchaser the following: (i) a certificate or certificates representing the Shares registered in the Foundation's name, together with a duly executed stock power endorsed to Purchaser; (ii) a receipt for the payment of the Purchase Price received by the Foundation; and (iii) a copy of a unanimous consent of the Directors of the Foundation authorizing the Foundation to execute and deliver this Agreement and consummate the transactions contemplated hereby.
The Foundation. “The Foundation” means the Palos Verdes Beach and Athletic Foundation, a not-for-profit mutual benefit corporation organized under the laws of the State of California.
The Foundation. The Guarantor and its Subsidiaries will not, directly or indirectly, make Deconsolidated Entities Payments in any calendar year in an aggregate amount in excess of $20,000,000."
The Foundation. 1. The Parties agree to consult with each other and with the members of the Foundation on amendments to the Articles and Memorandum of Association of the Foundation to reflect the terms of this Agreement prior to the submission of any such amendments to the members of the Foundation for the members’ approval.
The Foundation. The Foundation shall be established with the membership powers and functions hereinafter set out.
