Consortium Shares Sample Clauses

Consortium Shares. ‌ A Participating District's interest in the Academy shall be represented by shares. Each share shall have a Campus designation. A Participating District may hold shares in more than one Campus. The number of shares and Campus designation available to the Participating Districts collectively shall be determined by a consensus of the Fiscal Agents and set forth in Appendix C. Each share shall entitle its holder to enroll a number of students in the Cooperative Program, which number shall be five students per share for the 2019/2020 school year and shall be fixed by the Fiscal Agents in advance of each school year thereafter based on available capacity, provided that the number of students which a Participating District is entitled to enroll per share may not be decreased to less than four students per academic year without the written consent of that Participating District's board of education. The number of shares elected to be held by each Participating District for the initial year of operation shall be designated in writing by each Participating District from among the shares available. Any increases in shares which may be sought by Participating Districts for later school years shall be granted by the Participating Districts' Superintendents based on the availability of student seats as determined by the Fiscal Agents. The number of shares held by a Participating District shall also determine each district's pro rata distribution upon dissolution of the Consortium.
Sample 1
AutoNDA by SimpleDocs
Consortium Shares. ‌ The Participating District's interest in the Academy shall be represented by shares. Each share shall have a Campus designation. A Participating District may hold shares in more than one Campus. The number of shares and Campus designation available to the Participating Districts collectively shall be determined by a consensus of the Joint Steering Committee and set forth in Appendix C. Each share shall entitle its holder to enroll a number of students in the Cooperative Program, which number shall be five students per share for the 2006/2007 2015-16 school year and shall be fixed (recommended?) (I would leave this alone. Who would they recommend this to. This seems like an administrative decision) by the Joint Steering Committee in advance of each school year thereafter based on available capacity provided that the number of students which a Participating District is entitled to enroll per share may not be decreased to less than four students per academic year without the written consent of that Participating District's board of education. The number of shares elected to be held by each Participating District for the initial year of operation shall be designated in writing by each Participating District from among the shares available. Any increases in shares which may be sought by Participating Districts for later school years shall be granted by the Participating Districts' Superintendents based on the availability of student seats as determined by the Joint Steering Committee. The number of shares held by a Participating District shall also determine each district's pro rata distribution upon dissolution of the Consortium.
Sample 1
Consortium Shares. The rights and obligations in this Agreement apply to each Consortium Member with respect to any Ordinary Shares in which it and/or its Affiliates hold a legal or beneficial interest, from time to time (whether acquired pursuant to the Subscription Agreement or otherwise), but excluding the Excluded Shares (the "Consortium Shares").
Sample 1

Related to Consortium Shares

  • Units Interests in the Partnership shall be represented by Units. The Units initially are comprised of one Class: Class A Units. The General Partner may establish, from time to time in accordance with such procedures as the General Partner shall determine from time to time, other Classes, one or more series of any such Classes, or other Partnership securities with such designations, preferences, rights, powers and duties (which may be senior to existing Classes and series of Units or other Partnership securities), as shall be determined by the General Partner, including (i) the right to share in Profits and Losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership; (iv) whether, and the terms and conditions upon which, the Partnership may or shall be required to redeem the Units or other Partnership securities (including sinking fund provisions); (v) whether such Unit or other Partnership security is issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Unit or other Partnership security will be issued, evidenced by certificates and assigned or transferred; (vii) the method for determining the Total Percentage Interest as to such Units or other Partnership securities; and (viii) the right, if any, of the holder of each such Unit or other Partnership security to vote on Partnership matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Units or other Partnership securities. Except as expressly provided in this Agreement to the contrary, any reference to “Units” shall include the Class A Units and any other Classes that may be established in accordance with this Agreement. All Units of a particular Class shall have identical rights in all respects as all other Units of such Class, except in each case as otherwise specified in this Agreement.

  • Shares The term “

  • Investor 2.1 The Investor, by following a Strategy of a Strategy Provider, hereby agrees to the following:

  • Warrantholder not a Shareholder Except as may be specifically provided herein, nothing in this Indenture or in the holding of a Warrant Certificate, entitlement to a Warrant or otherwise, shall, in itself, confer or be construed as conferring upon a Warrantholder any right or interest whatsoever as a Shareholder, including, but not limited to, the right to vote at, to receive notice of, or to attend, meetings of Shareholders or any other proceedings of the Corporation, or the right to Dividends and other allocations.

  • Subscription License A Subscription license will commence on the date specified in the Notification Form and continue in force for the fixed initial term specified therein. The license is firm and cannot be cancelled or otherwise reduced or terminated by Customer during the license term. On expiry of the initial term, the subscription license will terminate unless renewed. Unless otherwise stated in the applicable Notification Form, each subscription license will include the provision of Support Services.

  • Shareholding The Concessionaire shall ensure that the Applicant/ members of the Consortium maintain Management Control at least until expiry of the Exclusivity Period30 as also maintain their equity holding in the Concessionaire such that31:

  • Subscribing LEA An LEA that was not party to the original Service Agreement and who accepts the Provider’s General Offer of Privacy Terms.

  • Management Subscriptions Table 1.6 below lists the Management Subscriptions offered by Red Hat and the Unit description that is used to measure your use of the Management Subscription(s). The End User License Agreement that governs your use of the Software is located at xxx.xxxxxx.xxx/xxxxxxxx/XXXXx. The Exhibits listed in Table 1.6 contain additional information concerning the scope of the Management Subscriptions and how Red Hat provides Subscription Services to you.

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

  • JOINTALLOTTEES That in case there are Joint Allottees all communications shall be sent by the Promoter to the Allottee whose name appears first and at the address given by him/her which shall for all intents and purposes to consider as properly served on all the Allottees.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!