Management Status Sample Clauses
The Management Status clause defines the authority and responsibilities of the parties involved in managing a particular asset, project, or service. It typically outlines who has decision-making power, the scope of their management duties, and any limitations or reporting requirements. For example, in a property management agreement, this clause would specify whether the manager has the right to enter into contracts or make expenditures on behalf of the owner. The core function of this clause is to ensure clarity regarding management roles, thereby preventing disputes and misunderstandings about who is authorized to act and to what extent.
Management Status. Be party to any agreement under which any material management or advisory services are provided to any Loan Party or any of their respective Subsidiaries or pursuant to which any Loan Party or any of their respective Subsidiaries pays any material management, advisory or similar fees, other than the Management Agreements.
Management Status. Management is an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act.
Management Status. Section 1: Introduction - Company Management The entire Management of the Company and the direction of the working forces are vested exclusively in the Company, and the Union shall not in any way interfere with these rights.
Section 2: Subcontractors - Union Conditions The Company agrees that on all contract and subcontract work undertaken in the yard by the Company, Union conditions as outlined in the Agreement shall prevail