DUTIES OF PARTNERS. COUNTY agrees to complete the PROJECT as detailed in Exhibit A (PROJECT PLAN) of the SWFWMD GRANT. Each PARTNER agrees to contribute the following respective amount in furtherance of the PROJECT; the sum of these amounts is $100,000.00: COUNTY: $42,110.00 BELLEAIR BLUFFS: $1,040.00 CLEARWATER: $18,490.00 DUNEDIN: $8,237.00 LARGO: $27,453.00 SEMINOLE: $2,670.00 Each PARTNER, except for the COUNTY, shall mail a check to the COUNTY for its respective amount by December 31, 2020. The check shall be made out to the Pinellas County Board of County Commissioners and mailed to Pinellas County Environmental Management, Attn: Xxxxxx Day, 00000 X.X. 00 X, Xxxx. 00, Xxxxxxxxxx, XX 00000. If any PARTNER does not mail payment to COUNTY by December 31, 2020, COUNTY shall promptly notify the other PARTNERS of the non-paying PARTNER’s breach of this AGREEMENT.
DUTIES OF PARTNERS. The fiduciary duties of Partners shall not restrict any Partner or Affiliate from:
(a) engaging in conduct not expressly prohibited by Article 9; or
(b) acting to prevent the Joint Venture from engaging in an activity that is outside the scope of the Business; whether or not such Partner or Affiliate is motivated in whole or in part by a desire to further the interests of a Person other than the Joint Venture.
DUTIES OF PARTNERS. COUNTY agrees to complete the PROJECT, using the PARTNERS’ contributions, the COUNTY’S contribution, and the SWFWMD GRANT, as detailed in Exhibit A (PROJECT PLAN) of the SWFWMD GRANT. The COUNTY shall use the PARTNERS’ contributions only to fund the PROJECT. If the total cost of the PROJECT is less than $400,000, the COUNTY shall reimburse the PARNTERS a pro rata portion of the amount of the total contributions that are not expended on the PROJECT. Each PARTNER agrees to contribute the following respective amounts in furtherance of the PROJECT; the sum of these amounts is $200,000.00: COUNTY: $ 85,704.00 BELLEAIR: $ 5,191.00 BELLEAIR BEACH: $ 1,399.00 BELLEAIR BLUFFS: $ 1,367.00 CLEARWATER: $ 34,629.00 DUNEDIN: $ 28,601.00 INDIAN ROCKS BEACH: $ 2,413.00 LARGO: $ 15,681.00 SEMINOLE: $ 2,092.00 TARPON SPRINGS: $ 22,923.00 Each PARTNER, except for COUNTY, shall mail a check to COUNTY for its entire respective share of the SWFWMD GRANT match by December 31, 2024, OR for partial amount in installments, as determined by each PARTNER, with the total amount to be paid by December 31, 2024. The check shall be made payable to the Pinellas County Board of County Commissioners and mailed to Pinellas County Environmental Management, Attn: Xxxxxx Day, 22211 X.X. 00 X, Xxxx 00, Xxxxxxxxxx, XX 00000. If any PARTNER does not mail its required payment to COUNTY by December 31, 2024, COUNTY shall promptly notify the other PARTNERS of the non-paying PARTNER’s breach of this AGREEMENT.
DUTIES OF PARTNERS. The Partners shall devote reasonable time and attention to the business of the Partnership as may be reasonably required.
DUTIES OF PARTNERS a. The Partners shall work diligently and faithfully for purpose of the business of LLP and shall be loyal to each other and the LLP.
b. The Partners shall give time and attention as may be required for the fulfillment of the objectives of the LLP business.
c. The Partners shall render true accounts and full information of all things affecting the LLP, partner(s) of the LLP or their Legal representatives.
d. The Partners shall account to the Limited Liability Partnership for any benefit derived by him without the consent of the Limited Liability Partnership from any transaction concerning the Limited Liability Partnership, or from any use by him of the property, name or any business connection of the Limited Liability Partnership.
e. In case any Partner of the LLP desires to transfer or assign his interest or shares in the LLP, he is bound to first offer the same to the other partner by giving 15 days notice. In the absence of any communication by the other partner, the concerned partner can transfer or assign his share in the market.
DUTIES OF PARTNERS. (a) No Partner will engage in any business, venture, or transaction, whether directly or indirectly, that might be competitive with the business of the Firm or that would be in direct conflict of interest to the Firm without the unanimous written consent of the remaining Partners.
(b) Each Partner hereby acknowledges and agrees that any and all business, ventures, or transactions with any appearance of conflict of interest must be fully disclosed to all other Partners.
(c) Each Partner hereby acknowledges and agrees that a failure to comply with any of the terms of this clause will be deemed an Involuntary Withdrawal of the offending Partner and may be treated accordingly by the remaining Partners.
(a) Each Partner xxxxxx agrees to be candid and faithful to all other Partners and to provide all other Partners with all relevant information that relates to the Firm.
(a) Each Partner xxxxxx agrees to provide all other Partners with all necessary assistance in carrying on the Firm's business, for the mutual benefit of all Partners.
(a) Each Partner must account to the Firm for any benefit derived by that Partner without the consent of the other Partners from any transaction concerning the Firm or any use by that Partner of the Firm property, name, or business connection. This duty continues to apply to any transactions undertaken after the Firm has been dissolved but before the affairs of the Firm have been completely wound up by the surviving Partner or Partners or their Agent or Agents.
(a) Each Partner will devote such time and attention to the business of the Firm as the majority of the Partners will from time to time reasonably determine for the conduct of the Firm business.
(a) Each Partner must at all times punctually pay when due and discharge all of his or her own private debts.
(a) In the event that a Partner receives money on behalf of the Firm, that Partner must immediately deposit such money with the Firm (for example, into the Firm's nominated bank account, investment account or such other account as is nominated by the Firm).
(b) Each Partner hereby indemnifies and keeps indemnified each other Partner in respect of any and all losses, damage, costs, expenses and liabilities which may arise from a breach of this clause.
DUTIES OF PARTNERS. The fiduciary duties of Partners or Members of the Partnership Committee shall not restrict any Partner or Affiliate or any Member of the Partnership Committee from:
(i) engaging in conduct permitted by Section 7.4;
(ii) taking any action in any capacity other than that of a Partner or Member of the Partnership Committee, respectively; or
(iii) acting to prevent the Partnership from engaging in an activity that is outside the scope of the Partnership Business; whether or not such Partner, Affiliate or Member of the Partnership Committee is motivated in whole or in part by a desire to further the interests of a Person other than the Partnership.
DUTIES OF PARTNERS. Fiduciary duties Duty to indemnify loss caused by fraud Duty to pay back personal gains earned by Partners Confidentiality of partnership information Other duties Liability of Partners to make good losses incurred in certain cases
16.1. Inter se relating among Partners and their relation with the LLP
16.2. Business transaction of partner with LLP
DUTIES OF PARTNERS. Every Partner shall account to the Limited Liability Partnership for any benefit derived by him without the consent of the Limited Liability Partnership from any transaction concerning the Limited Liability Partnership, or from any use by him of the property, name or any business connection of the Limited Liability Partnership. Every Partner shall indemnify the Limited Liability Partnership and the other existing Partners for any loss caused to it by his fraud in the conduct of the business of the Limited Liability Partnership. Each Partner shall render true accounts and full information of all things affecting the Limited Liability Partnership to any Partner or his legal representatives. No Partner shall without the written consent of all the other Partners of “YOUR LLP NAME” : Employ any money, goods or effects of “YOUR LLP NAME” or pledge the credit thereof except in the ordinary course of business and upon the account or for the benefit of “YOUR LLP NAME” . Lend money or give credit on behalf of “YOUR LLP NAME” or to have any dealings with any Persons, Company or Firm whom the other Partners previously in writing have forbidden it to trust or deal with. Any loss incurred through any breach of provisions shall be made good with “YOUR LLP NAME” by the Partner incurring the same. Enter into any bond or become sureties or security with or for any person or do knowingly cause or suffer to be done anything whereby “YOUR LLP NAME” property or any part thereof may be seized.
DUTIES OF PARTNERS. A. Devotion to Duty.
