MANAGER AND OPERATOR Sample Clauses

MANAGER AND OPERATOR. The Board, pursuant to its authority under TEX. NAT. RES. CODE § 164.005, hereby engages Operator, and Operator hereby accepts such engagement and agrees to operate and manage the Veterans Home on behalf of the Board, under the terms and conditions set forth in this Agreement.
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MANAGER AND OPERATOR i. A management committee will be constituted with responsibility for overseeing joint venture operations. Each of the participants will be entitled to appoint two representatives to the management committee, with each representative being entitled to vote in proportion to the participating interest of the participant that appointed him. A representative of the party who is the operator of the joint venture will be the chairman of the management committee. ii. The participant with the largest participating interest will be the operator. iii. The operator will have the right to cash call in advance to cover anticipated approved program expenditures, including a reasonable amount of working capital. iv. The operator will report to the management committee periodically as to the progress of work upon and the development of the Property. v. The operator will have a lien on the participants’ interests to secure cost shares of committed expenditures, and the right to advance the cost of the share of a participant in default. vi. The operator will market all diamonds produced from the Property on behalf of the Joint Venture.
Sample 1
MANAGER AND OPERATOR. A management committee will be constituted with responsibility for overseeing joint venture operations. Each of the participants will be entitled to appoint two representatives to the management committee, with each representative being entitled to vote in proportion to the participating interest of the participant that appointed him. A representative of the party who is the operator of the joint venture will be the chairman of the management committee.
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Related to MANAGER AND OPERATOR

  • 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 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

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

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

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

  • Manager 5.1. Rules relating to the rights, duties and responsibilities of the Managers shall be governed by the Act. Such provisions are hereinafter incorporated into this Agreement by reference. Without limiting the generality of the foregoing, the Manager shall have the powers set forth in Paragraph 5.3 below.

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

  • STANDARDS OF MANAGEMENT AND OPERATIONS In performing its obligations hereunder, during the term of this ESA, the Competitive Supplier shall exercise reasonable care to assure that its facilities are prudently and efficiently managed; that it employs an adequate number of competently trained and experienced personnel to carry out its responsibilities; that it delivers or arranges to deliver a safe and reliable supply of such amounts of electricity to the Point of Delivery as are required under this ESA; that it complies with all relevant industry standards and practices for the supply of electricity to Participating Consumers; and that, at all times with respect to Participating Consumers, it exercises good practice for a Competitive Supplier and employs Commercially Reasonable skills, systems and methods available to it.

  • 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

  • Maintenance and Operation Member-Generator agrees to maintain their system and facilities in accordance with applicable manufacturer's recommended maintenance schedule and standard prudent engineering practices. Member-Generator covenants and agrees to operate their system, facilities and equipment so as to minimize the likelihood for a malfunction or other disturbance, damaging or otherwise affecting or impairing Cooperative’s electrical system. Member-Generator shall comply with all applicable laws, regulations, zoning, building codes, safety rules and other environmental regulations or restrictions applicable to the design, installation, operation and maintenance of the Member-Generator's System.

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