Common use of Constitutive Act Clause in Contracts

Constitutive Act. The Constitutive Act of the Centre shall include provisions describing precisely: 1. The legal status granted to the Centre, under the national legislation of the Republic of Korea, including the legal capacity necessary to exercise its functions and to receive funds, obtain payments for services rendered, and acquire and dispose of property necessary for its functioning; and 2. A governing structure for the Centre allowing UNESCO representation within its Governing Board.

Appears in 2 contracts

Samples: Agreement Between the Government of the Republic of Korea and Unesco Regarding the Renewal of the International Centre for Water Security and Sustainable Management, Renewal Agreement

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Constitutive Act. The Constitutive Act of the Centre shall include provisions describing precisely: 1. The a. the legal status granted to the Centre, under within the national legislation of the Republic of Korealegal system, including the legal capacity necessary to exercise its necessary, through the Academy of Sciences Malaysia, toexercise the Centre’s functions and to receive funds, obtain payments for services rendered, and acquire and dispose of property all means necessary for its functioning; and; 2. A b. a governing structure for the Centre allowing UNESCO representation within its Governing Board.

Appears in 1 contract

Samples: Renewal Agreement

Constitutive Act. The Constitutive Act of the Centre shall include provisions describing precisely:; 1. The the legal status granted to the Centre, under the national legislation of the Republic of Korea, including the legal capacity necessary to exercise its functions and to receive funds, obtain payments for services rendered, and acquire and dispose of property necessary for its functioning; and 2. A a governing structure for the Centre allowing UNESCO representation within its Governing Board.

Appears in 1 contract

Samples: Memorandum of Understanding

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Constitutive Act. The Constitutive Act of the Centre shall will include provisions describing precisely: 1. The a. the legal status granted to the Centre, under within the national legislation of the Republic of Korealegal system, including the legal capacity necessary necessary, through the Academy of Sciences Malaysia, to exercise its functions and to receive funds, obtain payments for services rendered, and acquire and dispose of property all means necessary for its functioning; and; 2. A b. a governing structure for the Centre allowing UNESCO representation within its Governing Board.

Appears in 1 contract

Samples: Memorandum of Understanding

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