Independent Entity Status Sample Clauses

Independent Entity Status. The Grantee and the DEP agree that the Grantee is an independent entity and not an employee of the DEP or the City. Accordingly, neither the Grantee nor its employees or agents will hold themselves out as, or claim to be, officers or employees of the City, or of any department, agency or unit of the City, by reason of this Agreement, and they will not, by reason of this Agreement, make any claim, demand or application to or for any right or benefit applicable to an officer or employee of the City, including, but not limited to, Workers’ Compensation coverage, Disability Benefits coverage, Unemployment Insurance benefits, Social Security coverage or employee retirement membership or credit.
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Independent Entity Status. During the Term of this Agreement (as defined in Section 10), Administrator is at all times acting and performing as an independent contractor, and not as an employee, joint venture or partner of the other parties for any purposes whatsoever. If, however, a joint venture or partnership is found to exist for federal income tax purposes: (i) capital accounts will be maintained for Administrator and OLPG on a tax accounting basis; (ii) net income will be allocated to Administrator in the amount of the payments due Administrator pursuant to Section 5 hereof; (iii) all remaining net taxable income or loss will be allocated to the joint venture; and (iv) upon termination, distributions will be in accordance with Administrator’s and OLPG’s capital account balances. Except as otherwise expressly agreed to in this Agreement, Administrator shall not have any right, authority or duty to act for the OLHS Entities, and the OLHS Entities shall not have the right, authority or duty to act for Administrator.
Independent Entity Status. The Subrecipient is an independent entity and shall not be deemed an employee, servant, agent, partner, or joint venture of the City and will not hold itself nor any of its employees, sub-subrecipients, or agents to be an employee, partner, or agent of the City.
Independent Entity Status. The Grant Recipient takes full responsibility for the Project and Project participants. The Grant Recipient is an independent entity in the performance of its activities and functions. The Grant Recipient and City are not and shall not be considered partners or agents of each other and neither shall have the power to bind or obligate the other. Under no circumstances will the Project be considered a joint venture between the City and the Grant Recipient. The Grant Recipient's officers, employees, agents, and subcontractors shall not be considered as officers, employees, agents, or subcontractors of the City. The Grant Recipient shall be responsible for all Project participant claims for Workers' Compensation benefits, or other claims by participants arising as a result of activities funded in whole or in part from the proceeds of this Agreement, and the Grant Recipient shall hold the City harmless for any and all such claims.

Related to Independent Entity Status

  • Entity Status The Parent and each of the other Credit Parties (i) is a Person duly organized, constituted and validly existing (or the functional equivalent) under the laws of the jurisdiction of its formation, has the capacity to sue and be sued in its own name and the power to own and charge its assets and carry on its business as it is now being conducted and (ii) is duly qualified and is authorized to do business and is in good standing (or the functional equivalent) in each jurisdiction where the ownership, leasing or operation of its property or the conduct of its business requires such qualifications except for failures to be so qualified or authorized or in good standing which, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

  • Independent Entity 17.10.1 The SPD shall be an independent entity performing its obligations pursuant to the Agreement. 17.10.2 Subject to the provisions of the Agreement, the SPD shall be solely responsible for the manner in which its obligations under this Agreement are to be performed. All employees and representatives of the SPD or contractors engaged by the SPD in connection with the performance of the Agreement shall be under the complete control of the SPD and shall not be deemed to be employees, representatives, contractors of SECI and nothing contained in the Agreement or in any agreement or contract awarded by the SPD shall be construed to create any contractual relationship between any such employees, representatives or contractors and SECI.

  • Independent Entities Business Associate and Covered Entity are independent entities, and this Agreement will not establish any relationship of partnership, joint venture, employment, franchise, or agency between Business Associate and Covered Entity. Neither Business Associate nor Covered Entity will have the power to bind the other or incur obligations on the other Party’s behalf without the other Party’s prior written consent, except as otherwise expressly provided in this Agreement.

  • Independent Status The employees, volunteers, or agents of each party who are engaged in the performance of this Agreement will continue to be employees, volunteers, or agents of that party and will not for any purpose be employees, volunteers, or agents of the other party.

  • Investment Company Status The Company is not, and upon consummation of the sale of the Securities will not be, an “investment company,” an affiliate of an “investment company,” a company controlled by an “investment company” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company” as such terms are defined in the Investment Company Act of 1940, as amended.

  • Company Status The Company is a corporation duly formed and validly existing under the general laws of the State of Maryland, with all requisite power and authority to enter into this Agreement and to carry out its obligations hereunder.

  • Reporting Company Status The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada, and has the requisite corporate power to own its properties and to carry on its business as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary other than those jurisdictions in which the failure to so qualify would not have a material and adverse effect on the business, operations, properties, prospects or condition (financial or otherwise) of the Company. The Company has registered its Common Stock pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

  • Affiliate Status The Holder is not, and has not been during the preceding three months, an “affiliate” of the Company as such term is defined in Rule 144 under the Securities Act.

  • Shell Company Status The Company is not, and has never been, an issuer identified in, or subject to, Rule 144(i).

  • Partnership Status The parties intend to treat the Partnership as a partnership for U.S. federal income tax purposes.

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