Management and Operation of Partnership Sample Clauses

Management and Operation of Partnership. 21 5.1 Management 21 5.2 Restrictions on General Partner’s Authority 22 5.3 Reimbursement of Partnership Expenses 23 5.4 Outside Activities 23 5.5 Disclosure of Interests 24 5.6 Indemnification 25 5.7 Resolution of Conflicts of Interest 27
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Management and Operation of Partnership. A steering committee will be designated consisting of members from Ford, ACH-LLC the UAW, and OSHA-MIOSHA. OSHA-MIOSHA steering committee representatives will consist of representatives from OSHA’s Directorate of Cooperative and State Programs (DCSP), OSHA Region V, Michigan OSHA, and from any State Plan states who sign similar agreements with the partners. The purpose of the steering committee will be to develop an implementation plan, review data and reports, and to meet as appropriate to resolve any issues that arise during the course of this partnership. The steering committee will also be involved in the coordination of site visits and monitoring inspections. Ford/UAW and ACH-LLC/UAW Ford and ACH-LLC will provide a complete OSHA Day information packet to the appropriate OSHA-MIOSHA Office 2 weeks prior to the scheduled OSHA-MIOSHA Day. Ford and ACH-LLC agree to facilitate the inspection process by providing OSHA-MIOSHA compliance officers access to the plant injury and illness reports related to the protocols. A corporate annual report for Ford and ACH-LLC will be developed and presented at an annual national meeting between the parties. The report will address trends noted through data analysis. Among the information included in the annual review will be an analysis of the internal audit results, and information from each site’s verification report. This report should additionally discuss progress towards meeting the partnership goals. OSHA-MIOSHA: OSHA-MIOSHA will continue to make maximum use of inquiry letters, phone and fax procedures for minor investigations. OSHA MIOSHA inspections to investigate employee complaints, serious injuries or fatalities, and National or Local emphasis programs are not precluded by this agreement. Ford and ACH-LLC plants selected for General Schedule inspections from the OSHA Site-Specific Targeting (SST) list will receive a focused inspection. The focused inspection will include an evaluation of the inspection protocols listed in the agreement. The OSHA-MIOSHA compliance officer will review the required recordkeeping information; conduct a walk through inspection, and interview workers in accordance with OSHA inspection procedures. OSHA-MIOSHA will complete and submit an OSHA-MIOSHA Day Report within 30 days of the annual OSHA-MIOSHA Day for each site participating in the partnership. Reports shall be forwarded to OSHA’s National Office, Ford and ACH LLC Corporate Safety personnel, and UAW-Ford Joint Health and Safety...
Sample 1
Management and Operation of Partnership. 5.1.1. The General Partner shall conduct, direct and manage all activities of the Partnership. Except as otherwise expressly provided in this Agreement, all management powers over the activities and affairs of the Partnership shall be exclusively vested in the General Partner, and no Limited Partner shall have any management power over the activities and affairs of the Partnership. In addition [A&R LP AGR_BREP] 21 to the powers now or hereafter granted a general partner of a limited partnership under applicable Law or that are granted to the General Partner under any other provision of this Agreement, the General Partner, subject to Section 5.2, shall have full power and authority to do all things and on such terms as it determines, in its sole discretion, to be necessary or appropriate to conduct the activities and affairs of the Partnership, to exercise all powers set forth in Section 2.3 and to effectuate the purposes set forth in Section 2.2.
Sample 1
Management and Operation of Partnership 
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Related to Management and Operation of Partnership

  • Management of Partnership (Check One) ☐ - Partnership: The business and affairs of the Company shall be conducted and managed by the Partners in accordance with this Agreement and the laws of the State of Nebraska. Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation and control of the business and affairs of the Partnership and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Partners holding a majority of the percentage interest of the Partnership. Notwithstanding any other provision of this Agreement, the Partners shall not, without the prior written consent of the unanimous vote or consent of the Partners, sell, exchange, lease, assign or otherwise transfer all or substantially all of the assets of the Partnership; sell, exchange, lease (other than space leases in the ordinary course of business), assign or transfer the Partnership’s assets; mortgage, pledge or encumber the Partnership’s assets other than is expressly authorized by this Agreement; prepay, refinance, modify, extend or consolidate any existing mortgages or encumbrances; borrow money on behalf of the Partnership in the excess of $ .00; lend any Partnership funds or other assets to any person in an amount or with a value in excess of $ .00; establish any reserves for working capital repairs, replacements, improvements or any other purpose, in excess of an aggregate of$ .00; confess a judgment against the partnership; settle, compromise or release, discharge or pay any claim, demand or debt in excess of $ .00, including claims for insurance; approve a merger or consolidation of the Partnership with or into any other limited liability company, corporation, partnership or other entity; or change the nature or character of the business of the Partnership. ☐ - Limited Partnership: Except as otherwise set forth herein, the General Partner shall have control of the Partnership and exercise ordinary business judgment in managing the Partnership. The General Partner shall have the power and authority including, but not limited to the following:

  • Management of the Partnership (a) Except as otherwise expressly provided in this Agreement, the General Partner shall have full, complete and exclusive discretion to manage and control the business of the Partnership for the purposes herein stated, and shall make all decisions affecting the business and assets of the Partnership. Subject to the restrictions specifically contained in this Agreement, the powers of the General Partner shall include, without limitation, the authority to take the following actions on behalf of the Partnership:

  • Formation of Partnership The Managing GP, the Liquidation GP and the Limited Partner agreed to and formed a limited partnership pursuant to the laws of the Province of Ontario on October 5, 2007. The parties hereto have agreed to confirm their agreements relating to the Partnership on the terms and conditions set out in this Agreement. The Partnership will be effective as a limited partnership from October 5, 2007, the date on which the Declaration was filed in accordance with the LP Act, and the Partnership will file any documents necessary as a result of the amendments reflected in this Agreement.

  • Termination of Partnership The Partnership shall terminate when all assets of the Partnership, after payment of or due provision for all Liabilities of the Partnership, shall have been distributed to the Partners in the manner provided for in this Agreement, and the Certificate shall have been canceled in the manner provided by the Act.

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Termination of the Partnership The Partnership shall terminate when all assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

  • Cooperation of Parties The Parties to this Agreement agree to cooperate in good faith to prepare and execute all documents, to seek Court approval, defend Court approval, and to do all things reasonably necessary to complete and effectuate the Settlement described in this Agreement.

  • Duties of General Partner The General Partner agrees that it shall at all times:

  • Term of Partnership The term of the Partnership commenced on May 21, 2001 and shall continue until dissolved pursuant to Section 8.1 hereof. The legal existence of the Partnership as a separate legal entity continues until the cancellation of the Certificate.

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