Entrusted Management Sample Clauses

Entrusted Management. 1.1 Party A agrees to entrust the management of [VIE Entity] to Party B pursuant to the terms and conditions of this Agreement. Party B agrees to manage [VIE Entity] in accordance with the terms and conditions of this Agreement. 1.2 The term of this Entrusted Management Agreement (the “Entrusted Period”) shall be from the effective date of this Agreement to the earlier of the following: (a) the winding up of [VIE Entity] or (b) the termination date of this Entrusted Management Agreement to be determined by the Parties hereto, or (c) the date on which Party B completes the acquisition of [VIE Entity]. 1.3 During the Entrusted Period, Party B shall be fully and exclusively responsible for the management of [VIE Entity]. The management service includes without limitation the following: (a) Party B shall be fully and exclusively responsible for the operation of [VIE Entity], which includes the right to appoint and terminate executive director and the right to hire managerial and administrative personnel etc. Party A or its voting proxy shall make shareholder’s resolution and Board of Directors’ resolution based on the decision of Party B. (b) Party B has the full and exclusive right to manage and control all cash flow and assets of Party A. [VIE Entity] shall open an entrusted account or designate an existing account as an entrusted account. Party B has the full and exclusive right to decide the use of the funds in the entrusted account. The authorized signature of the account shall be appointed or confirmed by Party B. All of the funds of [VIE Entity] shall be kept in this account, including but not limited to its existing working capital and purchase price received from selling its production equipment, inventory, raw materials and accounts receivable to Party B (if any), all payments of funds shall be disbursed through this entrusted account, including but not limited to the payment of all existing accounts payable and operating expenses, payment of employees salaries and purchase of assets, and all revenues from its operation shall be kept in this account. (c) Party B shall have the full and exclusive right to control and administrate the financial affairs and daily operation of [VIE Entity], such as entering into and performance of contracts, and payment of taxes etc. 1.4 In consideration of the services provided by Party B hereunder, Party A shall pay the entrusted management fee to Party B which shall be equal to the earnings before tax (if any) of [VIE...
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Entrusted Management. 1.1 Party A agrees to entrust the management of Shandong Taiying to Party B pursuant to the terms and conditions of this Agreement. Party B agrees to manage Shandong Taiying in accordance with the terms and conditions of this Agreement. 1.2 The term of this Entrusted Management Agreement (the “Entrusted Period”)shall be from the effective date of this Agreement to the earlier of the following: (1) the winding up of Shandong Taiying, or (2) the termination date of this Entrusted Management Agreement to be determined by the Parties hereto, or (3) the date on which Party B completes the acquisition of Shandong Taiying. 1.3 During the Entrusted Period, Party B shall be fully and exclusively responsible for the management of Shandong Taiying. The management service includes without limitation the following: (1) Party B shall be fully and exclusively responsible for the operation of Shandong Taiying, which includes the right to appoint and terminate Shandong Taiying, members of Board of Directors and the right to hire managerial and administrative personnel etc. Party A or its voting proxy shall make a shareholder’s resolution and a Board of Directors’ resolution based on the decision of Party B. (2) Party B has the full and exclusive right to manage and control all cash flow and assets of Party A. Shandong Taiying shall open an entrusted account or designate an existing account as an entrusted account. Party B has the full and exclusive right to decide the use of the funds in the entrusted account. The authorized signature of the account shall be appointed or confirmed by Party B. All of the funds of Shandong Taiying shall be kept in this account, including but not limited to its existing working capital and purchase price received from selling its production equipment, inventory, raw materials and accounts receivable to Party B (if any), all payments of funds shall be disbursed through this entrusted account, including but not limited to the payment of all existing accounts payable and operating expenses, payment of employees salaries and purchase of assets, and all revenues from its operation shall be kept in this account. (3) Party B shall have the full and exclusive right to control and administrate the financial affairs and daily operation of Shangdong Taiying, such as entering into and performance of contracts, and payment of taxes etc. 1.4 As consideration for the services provided by Party B hereunder, Party A shall pay an entrusted management fee to Pa...
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Entrusted Management. 1.1 As of and from the Effective Date (as defined below), Party B agrees that the management of WRCF shall be entrusted to Party A pursuant to the terms and conditions of this Agreement. Party A agrees to manage WRCF in accordance with the terms and conditions of this Agreement. 1.2 Party B agrees that 26.80 millions shares of Common Stock of WCRF, in the aggregate, shall be issued and delivered to Party A as soon as reasonably practicable following the date hereof. 1.3 Party B agrees to pay regular cash compensation and to implement a stock ownership incentive plan as further compensation for the management services of Party A. （1） During the term of this Agreement, the regular cash compensation of Party A will be paid in RMB on a monthly basis. （2） Party B shall implement the stock ownership incentive plan according to the performance of Party A. （3） For the 3 year period immediately following the date of this Agreement, if the annual return on equity rate of WCRF is lower than 5%，Party A shall not be entitled to the issuance of any WCRF Common Stock under the stock ownership incentive plan with respect to such annual period, except with the consent of Party B. 1.4 The term of this Entrusted Management Agreement shall be from the date of this Agreement (the “Effective Date”) until the earlier to occur of the following (the “Entrustment Period”): (1) the winding up of WRCF; (2) 15 years from the date hereof; or (3) the termination date of this Entrusted Management Agreement as determined by the Parties hereto. 1.5 During the Entrustment Period, Party A shall be fully responsible for the day-to-day management of WRCF. Party A’s management services shall include, without limitation, the following (except to the extent, if any, provided by applicable law): (1) Party A shall be responsible for the operation of WRCF, which includes the right to hire managerial and administrative personnel for WRCF and any of its subsidiaries. (2) Party A shall administer the financial affairs and daily operations of WRCF and its subsidiaries such as entering into and performing contracts and paying taxes. (3) Party A shall have all other customary powers and duties associated with the management authority and responsibilities contemplated hereby. Party A shall be subject to WRCF’s policies, work rules, procedures, and approval practices, as generally in effect from time to time for all employees of WCRF, to the extent necessary and appropriate.
Sample 1
Entrusted Management. 1.1 Party B agrees to entrust the management of PSI to Party A pursuant to the terms and conditions of this Agreement. Party B agrees to manage PSI in accordance with the terms and conditions of this Agreement. 1.2 The term of this Entrusted Management Agreement shall be from the effective date of this Agreement to the earlier of the following: (1) the winding up of PSI, or (2) the termination date of this Entrusted Management Agreement to be determined by the parties hereto. 1.3 The goals of the entrusted management are to allow PSI Company, prior to being acquired by Party A through asset or equity purchase: 1) to repay its borrowings from banks, pay off its existing accounts payable; and 2) to manage its remaining assets prior to being acquired by Party A. During the entrusted period, Party A shall be fully responsible for the management of PSI. The management service includes, without limitation, the following: (1) Party B shall be fully responsible for the operation of PSI, which includes the right to appoint and terminate members of the Board of Directors and the right to hire managerial and administrative personnel. Party B or its voting proxy shall make a shareholder's resolution and a board of directors' resolution based on the decision of Party A. (2) Party A has the right to manage and control all assets of PSI. PSI shall open an entrusted account or designate an existing account as an entrusted account. Party A has the full right to decide the use of the funds in the entrusted account. The signer of the account shall be appointed or confirmed by Party A. All of the funds of PSI shall be kept in this account, including but not limited to its existing working capital and purchase price received from selling its production equipment, inventory, raw materials and accounts receivable to PSI. All payments of funds shall be disbursed through this entrusted account, including but not limited to the payment of all existing accounts payable and operating expenses, payment of employees salaries and purchase of assets, and all revenues from its operation shall be kept in this account. (3) Party A shall have the full right to control and administer the financial affairs and daily operations of PSI such as entering into and performance of contracts, and payment of taxes and the like. (4) If PSI requires additional funds to maintain its operations, Party A shall provide such additional funds through a bank loan or other resources and Party B shall provide nec...
Sample 1
Entrusted Management. (a) The Shareholder and Shanghai Chuangxin shall, and do hereby, entrust the management and operation of Shanghai Chuangxin to Old BVI pursuant to the terms and conditions of this Agreement, including without limitation delivering to Old BVI all business materials together with all business licenses and corporate seal (chop) of Shanghai Chuangxin, including the right, power and authority to exercise all the right, power and authority of Shanghai Chuangxin as the shareholder of any of its Subsidiaries; and (b) Old BVI shall manage and operate Shanghai Chuangxin in accordance with the terms and conditions of this Agreement.
Sample 1
Entrusted Management. The Partnership may entrust a fund management company to manage and operate the Partnership in a standardized way. The specific matters subject to entrusted management are to be specified by a separate entrustment contract between the Partnership and the specific fund management company.
Sample 1
Entrusted Management. 1.1 Party A agrees to entrust the management of Dalian Fushi Company to Party B pursuant to the terms and conditions of this Agreement. Party B agrees to manage Dalian Fushi Company in accordance with the terms and conditions of this Agreement. 1.2 The term of this Entrusted Management Agreement shall be from the effective date of this Agreement to the earlier of the following: (1) the winding up of Dalian Fushi Company, or (2) the termination date of this Entrusted Management Agreement to be determined by the Parties hereto, or (3) the date on which Party B completes the acquisition of Dalian Fushi Company. 1.3 The goals of the entrusted management are to allow Dalian Fushi Company, prior to being acquired by Party B through asset or equity purchase, 1) to repay its borrowings from banks, pay off its existing accounts payable, 2) to manage its remaining assets prior to being acquired by Party B, 3) to remit all of Dalian Fushi Company's net profit (if any) to Party B and, 4) to allow Party B to bear all of Dalian Fushi Company's loss. During the entrusted period, Party B shall be fully responsible for the management of Dalian Fushi. The management service includes without limitation the following: (1) Party B shall be fully responsible for the operation of Dalian Fushi, which includes the right to appoint and terminate members of Board of Directors and the right to hire managerial and administrative personnel etc. Party A or its voting proxy shall make a shareholder's resolution and a board of directors' resolution based on the decision of Party B's Board of Directors. (2) Party B has the right to manage and control all assets of Party A. Dalian Fushi shall open an entrusted account or designate an existing account as an entrusted account. Party B has the full right to decide the use of the funds in the entrusted account. The signer of the account shall be appointed or confirmed by Party B. All of the funds of Dalian Fushi shall be kept in this account, including but not limited to its existing working capital and purchase price received from selling its production equipment, inventory, raw materials and accounts receivable to Party B, all payments of funds shall be disbursed through this entrusted account, including but not limited to the payment of all existing accounts payable and operating expenses, payment of employees salaries and purchase of assets, and all revenues from its operation shall be kept in this account. (3) Party B shall have the full r...
Sample 1
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Related to Entrusted Management

  • SITE MANAGEMENT We reserve the right, but not the obligation, to: (1) monitor the Site for violations of these Terms of Use; (2) take appropriate legal action against anyone who, in our sole discretion, violates the law or these Terms of Use, including without limitation, reporting such user to law enforcement authorities; (3) in our sole discretion and without limitation, refuse, restrict access to, limit the availability of, or disable (to the extent technologically feasible) any of your Contributions or any portion thereof; (4) in our sole discretion and without limitation, notice, or liability, to remove from the Site or otherwise disable all files and content that are excessive in size or are in any way burdensome to our systems; and (5) otherwise manage the Site in a manner designed to protect our rights and property and to facilitate the proper functioning of the Site.

  • Workload Management 11.1 The parties to this Agreement acknowledge that employees and management have a responsibility to maintain a balanced workload and recognise the adverse affects that excessive workloads may have on employee/s and the quality of resident/client care. 11.2 To ensure that employee concerns involving excessive workloads are effectively dealt with by Management the following procedures should be applied: (a) Step 1: In the first instance, employee/s should discuss the issue with their immediate supervisor and, where appropriate, explore solutions. (b) Step 2: If a solution cannot be identified and implemented, the matter should be referred to an appropriate senior manager for further discussion. (c) Step 3: If a solution still cannot be identified and implemented, the matter should be referred to the Facility Manager for further discussion. (d) Step 4: The outcome of the discussions at each level and any proposed solutions should be recorded in writing and fed back to the effected employees. 11.3 Workload management must be an agenda item at staff meetings on at least a quarterly basis. Items in relation to workloads must be recorded in the minutes of the staff meeting, as well as actions to be taken to resolve the workloads issue/s. Resolution of workload issues should be based on the following criteria including but not limited to: (a) Clinical assessment of residents’ needs; (b) The demand of the environment such as facility layout; (c) Statutory obligation, (including, but not limited to, work health and safety legislation); (d) The requirements of nurse regulatory legislation; (e) Reasonable workloads (such as roster arrangements); (f) Accreditation standards; and (g) Budgetary considerations. 11.4 If the issue is still unresolved, the employee/s may advance the matter through Clause 9 Dispute Resolution Procedure. Arbitration of workload management issues may only occur by agreement of the employer and the employee representative, which may include the union/s.

  • AGREEMENT MANAGEMENT Pinellas Community Foundation designates the following person(s) as the liaison for the Xxxxxx Xxxxxx, CEO Pinellas Community Foundation

  • Traffic Management 9.2.1 During the Operating Period, Developer shall be responsible for the general management of traffic on the Project. Developer shall manage traffic so as to preserve and protect safety of traffic on the Project and Related Transportation Facilities and, to the maximum extent practicable, to avoid disruption, interruption or other adverse effects on traffic flow, throughput or level of service on the Project and Related Transportation Facilities. Developer shall conduct traffic management in accordance with all applicable Technical Provisions, Technical Documents, Laws and Governmental Approvals, and in accordance with the Traffic Management Plan. 9.2.2 Developer shall prepare and submit to TxDOT and the Independent Engineer for TxDOT approval a Traffic Management Plan for managing traffic on the Project and Related Transportation Facilities after the commencement of traffic operations on any portion of the Project, addressing (a) orderly and safe movement and diversion of traffic on Related Transportation Facilities during Project construction, (b) orderly and safe movement of traffic on the Project and (c) orderly and safe diversion of traffic on the Project and Related Transportation Facilities necessary in connection with field maintenance and repair work or Renewal Work or in response to Incidents, Emergencies and lane closures. Developer shall prepare the Traffic Management Plan according to the schedule set forth in the Technical Provisions. The Traffic Management Plan shall comply with the Technical Provisions and Technical Documents concerning traffic management and traffic operations. Developer shall carry out all traffic management during the Term in accordance with the approved Traffic Management Plan. 9.2.3 Developer shall implement the Traffic Management Plan to promote safe and efficient operation of the Project and Related Transportation Facilities at all times during the course of any construction or operation of the Project and during the Utility Adjustment Work. 9.2.4 TxDOT shall have at all times, without obligation or liability to Developer, the right 9.2.4.1 Issue Directive Letters to Developer regarding traffic management 9.2.4.2 Provide on the Project, via message signs or other means consistent with Good Industry Practice, non-Discriminatory traveler and driver information, and other public information (e.g. amber alerts), provided that the means to disseminate such information does not materially interfere with the functioning of the ETCS.

  • Construction Management Landlord or its Affiliate or agent shall supervise the Work, make disbursements required to be made to the contractor, and act as a liaison between the contractor and Tenant and coordinate the relationship between the Work, the Building and the Building’s Systems. In consideration for Landlord’s construction supervision services, Tenant shall pay to Landlord a construction supervision fee equal to three percent (3%) of Tenant’s Costs specified in Section 7.

  • Virus Management DST shall maintain a malware protection program designed to deter malware infections, detect the presence of malware within DST environment.

  • Management In accordance with Section 18-402 of the Act, management of the Company shall be vested in the Member. The Member shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwise, possessed by members of a limited liability company under the laws of the State of Delaware. The Member has the authority to bind the Company.

  • Investment Advisory and Management Services The Investment Adviser hereby appoints the Subadviser to serve as subadviser to the Fund and the Subadviser hereby accepts such appointment. Subject to the supervision of the Investment Adviser, Subadviser will regularly provide the Fund with investment advice and investment management services concerning the investments of the Fund. The Subadviser will determine what securities shall be purchased, held or sold by the Fund and what portion of the Funds assets shall be held uninvested in cash and cash equivalents, subject always to the provisions of the Trusts Declaration of Trust and By-laws and the 1940 Act, and to the investment objectives, policies and restrictions applicable to the Fund (including, without limitation, the requirements of Subchapters L and M of the Internal Revenue Code of 1986, as amended) (the Code), as each of the same shall be from time to time in effect or set forth in the Funds Prospectus and Statement of Additional Information, as well as any other investment guidelines or policies the Board of Trustees or the Investment Adviser may from time to time establish and deliver in writing to the Subadviser. To carry out such determinations the Subadviser will exercise full discretion, subject to the preceding paragraph, and act for the Fund in the same manner and with the same force and effect as the Trust might or could do with respect to purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions. Notwithstanding the foregoing, the Subadviser shall, upon written instructions from the Investment Adviser, effect such portfolio transactions for the Fund as the Investment Adviser may from time to time direct. Such instructions will be given in reasonable circumstances, including, without limitation, any termination of this Agreement. The Subadviser will also make its officers and employees available to meet with the officers of the Investment Adviser and the Trusts officers and Trustees at least quarterly on due notice to review the investments and investment program of the Fund in the light of current and prospective economic and market conditions. From time to time as the Board of Trustees of the Trust or the Investment Adviser may reasonably request, the Subadviser will furnish to the Investment Adviser and Trusts officers and to each of its Trustees, at the Subadvisers expense, reports on portfolio transactions and reports on issues of securities held by the Fund, all in such detail as the Trust or the Investment Adviser may reasonably request. The Subadviser shall maintain all books and records required by Rule 31a-1 under the 1940 Act relating to its responsibilities provided hereunder with respect to the Fund, and shall preserve such records for the periods and in a manner prescribed by Rule 31a-2 under the 1940 Act. The Subadviser shall permit the Investment Adviser, the Funds officers and its independent public accountants to inspect and audit such records at reasonable times during normal business hours upon due notice. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of the Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Fund. The Subadvisers services to the Fund pursuant to this Agreement are not to be deemed to be exclusive, and it is understood that the Subadviser may render investment advice, management and other services to others.

  • Management Grievance The Employer may initiate a grievance at Step 3 of the grievance procedure by the Employer or designate presenting the grievance to the President of the Union or designate. Time limits and process are identical to a union grievance.

  • Service Management Effective support of in-scope services is a result of maintaining consistent service levels. The following sections provide relevant details on service availability, monitoring of in-scope services and related components.

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