Independence of Corporation Sample Clauses

Independence of Corporation. The establishment of this Agreement shall involve the selection of no less than three Proxy Holders with the qualifications set forth below in Section 2.01. Pursuant to Article XIII below, the Shareholder shall grant proxies to the Proxy Holders in accordance with this Agreement. DoD shall determine whether all of the requirements set forth in this Agreement have been satisfied, including the necessary independence, separation of operation, and lack of interdependence between the Affiliates on the one hand, and the Corporation and/or its subsidiaries on the other hand, and the financial self-reliance and business viability of the Corporation. * * *
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Independence of Corporation. The establishment of this Agreement shall involve the selection of no less than three Proxy Holders with the qualifications set forth below in Section 2.01. Pursuant to Article XIII below, the Shareholder shall grant proxies to the Proxy Holders in accordance with this Agreement. DoD shall determine whether all of the requirements set forth in this Agreement have been satisfied, including the necessary independence, separation of operation, and lack of interdependence between the Affiliates on the one hand, and the Corporation and/or its subsidiaries on the other hand, and the financial self-reliance and business viability of the Corporation. Following the effective date of this Agreement and during the term of this Agreement, none of the Affiliates may recruit, directly or indirectly, employees of the Corporation or any of its subsidiaries for employment with or as a consultant to any of the Affiliates.
Sample 1

Related to Independence of Corporation

  • Independence of Covenants All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists.

  • Independence of Administrator For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

  • Independence of Parties The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture or any similar relationship between the Manager and the Servicer.

  • INDEPENDENCE OF THE ADVISOR For all purposes herein, the Advisor shall be deemed to be an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Partnership in any way and shall not be deemed an agent, promoter or sponsor of the Partnership, CMF, or any other trading advisor. The Advisor shall not be responsible to the Partnership, CMF, any trading advisor or any limited partners for any acts or omissions of any other trading advisor to the Partnership.

  • Independence The Party will act in an independent capacity and not as officers or employees of the State.

  • Independence of Provisions The parties hereto acknowledge that this Agreement and the other Loan Documents may use several different limitations, tests or measurements to regulate the same or similar matters, and that such limitations, tests and measurements are cumulative and must each be performed, except as expressly stated to the contrary in this Agreement.

  • Independence of Obligations The covenants and obligations of Stockholder set forth in this Agreement shall be construed as independent of any other agreement or arrangement between Stockholder, on the one hand, and the Company or Parent, on the other. The existence of any claim or cause of action by Stockholder against the Company or Parent shall not constitute a defense to the enforcement of any of such covenants or obligations against Stockholder.

  • Chief Executive Office; Jurisdiction of Organization Seller shall not move its chief executive office from the address referred to in Section 13(a)(17) or change its jurisdiction of organization from the jurisdiction referred to in Section 13(a)(17) unless it shall have provided Buyer 30 days’ prior written notice of such change.

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