Management and Operation of Partnership Sample Clauses

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 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. 5.1.2. In exercising its authority under this Agreement, the General Partner may, but shall be under no obligation to, take into account the tax consequences to any Partner (including the General Partner) of any action taken (or not taken) by it. The General Partner and the Partnership shall not have any liability to a Limited Partner for monetary damages or otherwise for losses sustained, liabilities incurred or benefits not derived by such Limited Partner in connection with the tax consequences of such decisions so long as (i) the General Partner has acted pursuant to its authority under this Agreement; and (ii) the General Partner has not acted in a grossly negligent manner or in bad faith or engaged in fraud or willful misconduct. 5.1.3. Notwithstanding any other provision of this Agreement, the Limited Partnership Act, the Exempted Partnerships Act or any applicable Law, each Person who is a Partner on the date hereof and each other Person who may acquire a Partnership Interest hereby: (i) approves, ratifies and confirms the execution, delivery and performance by the parties thereto of the BRELP Agreement, the Combination Agreement, the Master Services Agreement, the Relationship Agreement and the other agreements described in or contemplated by the Combination Agreement; (ii) agrees that the General Partner (on its own or through any officer of the Partnership) is authorized to execute, deliver and perform the agreements referred to in clause (i) of this sentence and the other agreements, acts, transactions and matters described...
Sample 1
AutoNDA by SimpleDocs
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. 23 ARTICLE 6 INVESTMENTS IN BRELP 31 ARTICLE 7 RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS 31
Sample 1
Management and Operation of Partnership. 19 ARTICLE 6 INVESTMENTS IN THE INFRASTRUCTURE PARTNERSHIP 27
Sample 1
Management and Operation of Partnership 
Sample 1Sample 2Sample 3See All (36)

Related to Management and Operation of Partnership

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Management and Operation of Business Section 7.1 Management 47 Section 7.2 Certificate of Limited Partnership 48 Section 7.3 Restrictions on Managing General Partner’s Authority 49 Section 7.4 Reimbursement of the Managing General Partner 49 Section 7.5 Outside Activities 50 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 51 Section 7.7 Indemnification 53 Section 7.8 Liability of Indemnitees 54 Section 7.9 Resolution of Conflicts of Interest 55 Section 7.10 Other Matters Concerning the Managing General Partner 57 Section 7.11 Purchase or Sale of Partnership Securities 57 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 57 Section 7.13 Reliance by Third Parties 59

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Management Generally The management of the Company shall be vested exclusively in the Managing Member. Except as authorized by the Managing Member, or as expressly set forth in this Agreement, the Non-Managing Members shall have no part in the management of the Company, and shall have no authority or right to act on behalf of the Company in connection with any matter. The Managing Member, and any Affiliate of the Managing Member, may engage in any other business venture, whether or not such business is similar to the business of the Company, and neither the Company nor any Non-Managing Member shall have any rights in or to such ventures or the income or profits derived therefrom.

  • Application and Operation Subject Matter No. Clause PART 1 - APPLICATION AND OPERATION Title 1.1 Arrangement 1.2 Objectives 1.3 Commencement date 1.4 Coverage 1.5 Exemptions from coverage 1.6 Relationship with other Industrial instruments 1.7 Definitions 1.8 Commitment of parties 1.9 Transitional arrangements 1.10 PART 2 - TRAINING CONDITIONS Training conditions 2.1 PART 3 - EMPLOYMENT CONDITIONS General 3.1 Part-time apprentices or trainees 3.2 School-based apprentices or trainees 3.3 Alternative employment arrangements 3.4 PART 4 - WAGES AND RELATED MATTERS General 4.1 Entry wage level 4.2 Wage progressions 4.3 Completion of apprenticeship or traineeship 4.4 Part-time apprentices or trainees 4.5 School-based apprentices or trainees 4.6 Areas of employment not covered by an Industrial instrument 4.7 Existing employees 4.8 Adult apprentices and trainees 4.9 Pre-employment, pre-trade, pre-apprenticeship, pre-vocational and other full-time institutional training 4.10 Apprentices and trainees with a disability 4.11 Payment for supervised training 4.12 Supply of tools 4.13 PART 5 -DISPUTE RESOLUTION AND INDUSTRIAL RELATIONS MATTERS Grievance and dispute settlement procedures 5.1 Industrial relations 5.2 SCHEDULES Generic Wage Progression Arrangements for Apprentices and Trainees Schedule Community Services and Health Industries Schedule

  • Delegation and Operation OF TOP–LEVEL DOMAIN; REPRESENTATIONS AND WARRANTIES

  • Application and Operation of Agreement Table Of Contents

  • Communications and Operations Management a. Network Penetration Testing - DST shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. DST shall have a process to review and evaluate high risk findings resulting from this testing.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!