Business Entities Sample Clauses

Business Entities. A corporation, partnership or trust (collectively referred to in this section as a "Business Entity") may apply to be a Kyäni Business Partner by submitting its Certificate of Incorporation, Partnership Agreement or trust documents, and any appropriate government documents proving the existence of the business (these documents are collectively referred to as the "Entity Documents") to Kyäni, along with a properly completed Business Entity Registration form. If a Business Partner is sponsored online, the Entity Documents and Business Entity Registration form must be submitted to Kyäni within 30 days of online sponsoring. A Kyäni business may change its status under the same sponsor from an individual to a partnership, corporation or trust, or from one type of entity to another, but will require the normal Change of Ownership process be followed. The Business Entity Registration form must be signed by all of the shareholders, partners or trustees. Members of the entity are jointly and severally liable for any indebtedness or other obligation to Kyäni. Business Entity changes cannot be used to circumvent Change of Genealogy or Change of Ownership rules.

Business Entities a. Enrolling as a Business Entity. A Business Entity (e.g. limited liability company, corporation, partnership, etc.) may wish to enroll as an OPTAVIA Coach. A Business Entity may apply to become an OPTAVIA Coach by completing, signing, and returning a Business Entity Addendum, signed by all the participants in the Business Entity and purchasing a Business Kit, as well as complying with any other applicable legal requirements. All members of the Business Entity are required to comply with the terms of the Agreement. In addition, all participants in a Business Entity must meet the conditions to become an OPTAVIA Coach under the terms of these Policies (i.e., must be 18 years old, have a valid Hong Kong ID Number, have legal residence in Hong Kong, etc.). Please see the OPTAVIA Procedures for Details on Enrolling as a Business Entity. b. Changing to a Business Entity. An individual Coach who enrolled with OPTAVIA may wish to transfer his/her account to a Business Entity for the purpose of operating his/her business. If the Coach wishes to change his/ her form of business from a sole proprietorship to a Business Entity, he/she may do so at any time. The individual must complete, sign and return a Business Entity Addendum to the Company, as well as comply with any other applicable legal requirements.

Business Entities. If an Oola business is owned or operated by a business entity (examples of business entities include a trust, an LLC, or a corporation), the act or omission of one owner of the business entity may be imputed to the business entity and/or the other owners. The Company may hold the business entity and each owner jointly or severally responsible for the acts or omis- sions of any other owner or the entity itself. All members, managers, shareholders, trus- tees, partners or others with any ownership interest in the business entity (collectively “Owners”) shall be jointly and severally lia- ble for all Agreements entered into with Oo- la Life. Each Owner is individually bound to Oola Life’s Terms & Policies and all docu- ments incorporated by reference into the Independent Ambassador Application and Agreement (collectively the “Agreement”). All documents comprising the Agreement are available in each Independent Ambassa- dor’s Back Office. Violation of the Agree- ment by any Owner of a Business Entity may be jointly and severally imputed to the Entity and all Owners of the Entity. Failure to list all appropriate persons and/or provide Oola with an ownership update as ownership changes occur, shall be grounds for disciplinary sanctions against the Entity and/or any or all of the individual Owners.

Business Entities. A company (Ltd) or partnership (collectively referred to in this section as a “Business Entity”) may apply to be a MONAT Market Partner by submitting a properly completed Market Partner Application and Agreement and a properly completed Business Entity Registration Form, which can be downloaded from the Back O ice. If a Market Partner enrols online, the Entity Documents and Business Entity Registration Form must be submitted to MONAT within 30 days of the online enrolment (if not received within the 30-day period, the Market Partner Agreement shall automatically terminate). The Business Entity Registration Form must be signed by all of the shareholders or partners. The Business Entity and its shareholders or partners, or other parties with any ownership interest in, or management responsibilities for, the Business Entity (collectively “A iliated Parties”) are individually, jointly and severally liable for any indebtedness to MONAT, compliance with the MONAT Policies and Procedures, compliance with the Market Partner Agreement, and all other obligations to MONAT hereunder. To prevent the circumvention of Section 3.28 (which prohibits the sale, transfer, or assignment of a MONAT business), additional partners, shareholders, members or other A iliated Parties may be added to a Business Entity only upon the written approval of the Company. If a partner, shareholder, member or other A iliated Party is added without the Company’s approval, the Market Partner Agreement may be cancelled at the Company’s discretion. There is a £50 fee for each change requested, which must be included with the written request and completed Market Partner Application and Agreement. MONAT may, at its discretion, require satisfactory evidence of the interest of the A iliated Party in the Market Partner before implementing any changes to a MONAT business. Please allow thirty (30) days a er the receipt of the request by MONAT for processing. Note that the changes permitted within the scope of this section do not include a change of sponsorship. Changes of sponsorship are addressed at Section 3.5 below.

Business Entities. When a VIVRI® Leader has reached the AMBASSADOR level, the said Leader may request to VIVRI® by submitting a Leader Application and Agreement, along with a duly completed Business Entity Annex, a copy of his/her incorporation documents and a copy of his/her RFC, and VIVRI® may accept, in its absolute discretion, that the said Leader administers his/her VIVRI® business through a limited company, limited liability company, partnership or civil association (collectively referred to in this section as a "Business Entity") . The Business Entity, as well as all the shareholders, members, directors, partners, administrators and other parties with ownership interests, or management responsibilities of the Business Entity (collectively "Affiliated Parties") shall be individually, jointly and severally liable for any debt with VIVRI®, the compliance with the VIVRI® Policies and Procedures, the VIVRI® Leader Agreement and other obligations with VIVRI®. Each Leader must promptly notify VIVRI® of all changes in the kind of business entity he/she uses in his/her business operation and the addition or terminations of affiliated parties.

Business Entities. (a) Section 2.4(a) of the Company Disclosure Schedule sets forth a true and complete list of each corporation, partnership, limited liability company or other form of business association (a "Business Entity") in which any Debtor, directly or indirectly, owns any equity interest or any security convertible into or exchangeable for an equity interest (each a "Debtor Business Entity") which is material to the Parent and the Company. (b) The Debtor Business Entities listed in Section 2.4(b) of the Company Disclosure Schedule are the only Debtor Business Entities which have conducted any operations, trade or businesses of the Debtors since January 30, 1997, hold any Debtor Authorizations (as defined in Section 2.14(a)) or own any assets necessary for the conduct of the businesses of the Debtors as currently conducted. (c) The Debtors own all the outstanding equity interests in each Debtor Business Entity. (d) No Debtor is in default under or in violation of any provision of its organizational documents. To the knowledge of the Parent or the Company, all the issued and outstanding equity interests of each Debtor Business Entity are duly authorized, validly issued, fully paid, nonassessable and free of preemptive rights. On the Closing Date, after giving effect to the effectiveness of the Amended Plan, all equity interests of each Debtor Business Entity that are held of record or owned beneficially by the Parent, the Company or another Debtor immediately prior to the Effective Time will be held or owned by the respective Reorganized Debtors free and clear of any restrictions on transfer (other than restrictions under the Securities Act and state or foreign securities laws), claims, Security Interests, options, warrants, rights, contracts, calls, commitments, equities and demands. (e) There are no voting trusts, proxies or other agreements or understandings with respect to the voting of any equity interests of any Debtor Business Entity to which any Debtor is a party or by which it is bound, or, to the Parent's or the Company's knowledge, any other such trusts, proxies, agreements or understandings.

Business Entities. A corporation, limited liability company (LLC), partnership or trust (collectively referred to in this section as a “Business Entity”) may apply to be a LivElite International Distributor by submitting its Certificate of Incorporation, Certificate of Organization, Partnership Agreement or trust documents (these documents are collectively referred to as the “Entity Documents”) to LivElite International, along with a properly completed Business Entity Registration Form. If a Distributor enrolls online, the Entity Documents and Business Entity Registration Form must be submitted to LivElite International within 30 days of the online enrollment. (If not received within the 30-day period, the Distributor Agreement shall automatically terminate.) The Business Entity Registration Form must be signed by all of the shareholders, partners or trustees. Members of the entity are jointly and severally liable for any indebtedness or other obligation to LivElite International. To prevent the circumvention of Section 4.26 (regarding transfers and assignments of LivElite International business), if an additional partner, shareholder, member, or other business entity affiliate is added to a business entity, the original applicant must remain as a party to the original Distributor Application and Agreement. If the original Distributor wants to terminate his or her relationship with the Company, he or she must transfer or assign his or her business in accordance with Section 4.26. If this process is not followed, the business shall be canceled upon the withdrawal of the original Distributor. Please note that the modifications permitted within the scope of this paragraph do not include a change of sponsorship. Changes of sponsorship are addressed in Section 4.5, below. There is a $25.00 fee for each change requested, which must be included with the written request and the completed Distributor Application and Agreement. LivElite International may, at its discretion, require notarized documents before implementing any changes to an LivElite International business. Please allow thirty (30) days after the receipt of the request by LivElite International for processing.

Business Entities a. Enrolling as a Business Entity. A Business Entity (e.g. limited liability company, corporation, partnership, etc.) may wish to enroll as an OPTAVIA Coach. A Business Entity may apply to become an OPTAVIA Coach by completing, signing, and returning a Business Entity Addendum, signed by all the participants in the Business Entity and purchasing a Business Kit, as well as complying with any other applicable legal requirements. All members of the Business Entity are required to comply with the terms of the Agreement. See the OPTAVIA Procedures for Details on Enrolling as a Business Entity. b. Changing to a Business Entity. A Coach who enrolled as an individual may wish to transfer his/her account to a Business Entity for the purpose of operating their business. If the Coach wishes to change their form of business from a sole proprietorship to a Business Entity, he/she may do so at any time. The individual must complete, sign and return a Business Entity Addendum to the Company, as well as comply with any other applicable legal requirements.

Business Entities. 9 Section 2.5 Financial Statements...............................................9 Section 2.6 Absence of Certain Changes........................................10 Section 2.7