Designated Partner Clause Samples
Designated Partner. Customer may authorize a Designated Partner to place orders on Customer’s behalf, manage Customer’s purchases, and provide and receive notices and other communications to and from ▇▇▇▇▇.▇▇. If the Designated Partner’s distribution right expires or is terminated, Customer must select an authorized replacement ▇▇▇▇▇.▇▇ Partner or, if available, purchase directly from ▇▇▇▇▇.▇▇. Customer acknowledges nothing in the immediately preceding sentence will be interpreted to govern Customer’s relationship with the Designated Partner, which relationship (including termination rights) will be governed by the agreement entered into between Customer and the Designated Partner. ▇▇▇▇▇.▇▇ Partners and other third-parties are not agents of ▇▇▇▇▇.▇▇ and are not authorized to enter into any agreement with Customer on behalf of ▇▇▇▇▇.▇▇. Notwithstanding anything to the contrary in a NDA, Customer hereby consents to ▇▇▇▇▇.▇▇ providing the Designated Partner with Administrator Data to permit the Designated Partner to perform its services including, without limitation, administering Customer’s account, providing Customer with subscription-related announcements and notices, billing Customer for the Software and associated services, and providing Software-related training. Customer acknowledges the Designated Partner may process such data according to the terms of Designated Partner’s agreement with Customer, and the Designated Partner’s privacy commitments may differ from ▇▇▇▇▇.▇▇.
Designated Partner. RXR 11 ▇▇▇▇ Vehicle LP, a Delaware limited partnership
Designated Partner. (a) The LLP will have 2 (Two) designated partners (“Designated Partners”), who will be as set out below.There shall be no limit on the number of Partners to be admitted.
1. ▇▇. ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
2. ▇▇. ▇▇▇▇▇▇▇▇▇▇▇▇
(b) The Designated Partners will provide their written consent to act as a Designated Partner of the LLP in the form and manner prescribed under the Limited Liability Partnership Act,2008.
(c) There shall be at least two Designated Partners of the LLP.
(d) The Designated Partners shall satisfy all the conditions and requirements as may be prescribed by the Central Government in that behalf.
(e) The Designated Partners shall be entitled to remuneration for carrying on the business or management of the Limited Liability Partnership.
(f) The Designated Partner can appoint any person as his representative by passing a Board Resolution. Upon the death or cessation of such representative, the Designated Partner can appoint another representative by passing a Board Resolution.
Designated Partner. Designated partners are partners of limited liability partnership with additional responsibility from other partners which include: compliance of the LLP with the provisions of Companies and Allied Matters Act like: filing of any document; return; statement and other report under the Act and as may be specified in the limited liability partnership agreement. They are liable to penalties imposed on the LLP for any contravention of the provisions of the Act.6 At least two designated partners who are individuals and at least one of them shall be resident in Nigeria is a requirement for every LLP. If the partners of a limited liability partnership are all bodies corporate or has one or more partners as individuals and bodies corporate, it is required that at least two individuals who are partners of the LLP or nominees of the bodies corporate shall act as designated partners. It is worthy of note that nothing stops a limited liability partnership from appointing all partners of the LLP as designated partners.7 First designated partners are appointed at incorporation by the partners and specified in the incorporation documents as such. Subsequent designated partners are appointed by the partners in accordance with the LLP’s partnership agreement. For a person to be appointed a designated partner, he must give his prior written consent to act as such to the LLP. Within 30 days of appointment of a designated partner, the LLP shall file with Corporate Affairs Commission the particulars of the individual who has given his consent to act as designated partner.8 A partner ceases to be a designated partner of LLP once he ceases to be a partner of the LLP.9 Where there is vacancy in the position of a designated partner, the limited liability partnership shall appoint a designated partner within 30 days of the vacancy arising. If no designated partner is appointed after the vacancy
1 Sections 769(1) of the Act; op. cit. p. 3. It must be pointed out that, the liability of the limited liability partnership and partners shall be unlimited for all or any of the debts or other liabilities of the limited liability partnership where the LLP and its partners acted with intention to defraud creditors or for any fraudulent purpose.
2 Ibid, section 771(1) & & schedule fifteen of the Act, op. cit. p. 12. 3 The liabilities of LLP can be satisfied from its property. 4 Schedule fifteen of the Act, op. cit. p. 12 5 Ibid. 6 Sections 750 of the Act; op. cit. p. 3. 7 Ibid, section 749. 8 ...
Designated Partner. Subject to receipt by Barco on all payments due hereunder, any rights granted to Customer under this Agreement extend to the End User. Upon Customer’s default, Barco shall ensure continuity of the Services to End User following appointment of an alternative partner, authorized to act on End User’s behalf and certified by Barco (on such certification requirements made part of Barco’s partner onboarding procedures), and any pending default being remedied to Barco’s satisfaction, acting reasonably.
Designated Partner. The parties agree that the Employee shall inform the Employer in writing as to the identity of the "Designated Partner" for purposes of Section 14.3 Bereavement Leave. Such written designation is a condition for granting of leave under Section 14.3. Section 14.3 does not affect any other contractual benefit.