Financial Partner Sample Clauses
The Financial Partner clause defines the role and responsibilities of a party designated as the financial partner within an agreement. Typically, this clause outlines the financial partner's obligations, such as providing funding, managing financial accounts, or overseeing budgetary matters related to the project or venture. For example, the financial partner may be responsible for ensuring timely capital contributions or handling financial reporting. The core function of this clause is to clearly allocate financial duties and expectations, thereby reducing misunderstandings and ensuring effective financial management between the parties.
Financial Partner. The financial partner (the “Financial Partner”) shall be a 501(c)(3) tax-exempt organization under Section ▇-▇▇▇-▇▇▇ of the Colorado Revised Nonprofit Corporation Act, as now in effect or as may hereafter be amended or a governmental entity. The Financial Partner shall have the care and custody of all endowment monies belonging to the YRF and shall be solely responsible for such monies or securities of the YRF.
Financial Partner. The Financial Partner shall have indicated in writing, by January 10, 1997, that it will make extensions of credit, or debt or equity investments, or some combination thereof, to or in Buyer's Parent, amounting to at least $20 million in the aggregate; such commitment is funded by the Closing Date; and in consequence of such transactions, however, the ratio of the common stock in Buyer's Parent that the Financial Partner owns when compared to the total number of shares of common stock in Buyer's Parent owned by the Financial Partner and all other owners of shares of common stock in Buyer's Parent, is not greater than an equivalent ratio of 20/100. For such purposes (1) shares of common stock in Buyer's Parent that the Financial Partner or another Person could acquire by the conversion of a security or exercise of an option or another purchase right such as a warrant, shall be considered to be issued and outstanding and owned by the Financial Partner, and (2) BEL-Canada shall be included in the term "Financial Partner" with respect to any shares of common stock, securities, options or purchase rights that it may have acquired subsequent to the date of this Agreement in connection with Buyer's closing with a Financial Partner, e.g., because of BEL-Canada's providing credit enhancement for a Financial Partner's investment.
Financial Partner. The Financial Partner shall collect and disburse funds, maintain books of the partnership's financial operations, assets, and partner's capital accounts; issues receipts for partner's contributions; prepare statements of the value of the partnership when required; prepare proper tax forms and provide tax information to partners; and coordinate buy and sell orders as instructions from the partners. Communications Partner: The Communications Partner shall distribute, or make generally available to members of the partnership, the minutes of meetings, time and place of future meetings, partnership records and other such data.
Financial Partner. The Financial Partner shall have indicated in writing, by January 10, 1997, that it will make extensions of credit, or debt or equity investments, or some combination thereof, to or in Buyer's Parent, amounting to at least $20 million in the aggregate; such commitment is funded by the Closing Date; and in consequence of such transactions, however, the ratio of the common stock in Buyer's Parent that the Financial Partner owns, when
Financial Partner. Apogee provides flexible contracting options for clients to ensure stable and predictable budget allocations that safeguard against any “surprises” associated with increasing student demand such as bandwidth and wireless capacity, as well as equipment life cycles and upgrades.