Common use of Governance Defaults Clause in Contracts

Governance Defaults. To ensure that the use of the Jointly Operated Facilities by the Association for the purposes set out in this Agreement continues to be carried out in the best interests of the public, the parties agree that, if: (a) the purpose of the Association is amended so that, at any time, it includes the carrying on of a business for profit or gain; (b) the Association makes an application to become a "member-funded society" pursuant to the Societies Act without the prior written approval of the Park Board; (c) the purpose of the Association is amended so that it is no longer consistent with benefiting the local and city-wide community and members of the public through the provision of Programming and other services within the Community Centre Network; or (d) the Association adopts bylaws and governance procedures that conflict with the terms of this Agreement or do not permit the Association to carry out its roles and responsibilities under this Agreement, then it shall be considered a default of the Association under this Agreement and the Dispute Resolution Process set out in Section 18.1 of this Agreement shall apply.

Appears in 4 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement, Joint Operating Agreement

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