MISCELLANEOUS MANAGEMENT PROVISIONS Sample Clauses

MISCELLANEOUS MANAGEMENT PROVISIONS. CHECKS, DRAFTS AND NOTES. All checks, drafts or orders for the payment of money, and all notes and acceptances of the corporation shall be signed by such officer or officers, agent or agents as the board of directors may designate.
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MISCELLANEOUS MANAGEMENT PROVISIONS. (a) The Project will be presented to the public, in all materials and press releases, as a joint development of Fortune International Development and Sonesta Hotels Resorts and Cruises. Xxxxxxx Xxxxxxxxx will serve as the public spokesman for the Project for all maters related to construction, development, marketing and sales, and Xxxxx Xxxxxxxxx or other designee of Sonesta shall serve as the public spokesman with respect to the hotel component of the Project. (b) The construction contract for the Project will provide for a Guaranteed Maximum Price ("GMP") and shall be entered into with a general contractor with a proven track record and relevant experience. A third party general contractor will be selected by the General Partner, with the consent and approval of Sonesta, such approval not to be unreasonably withheld, delayed or conditioned. 140 (c) The General Partner will, unless otherwise agreed by the Partners, solicit construction loan proposals from a minimum of three (3) major lenders. Selection of the construction lender shall be subject to the approval of the Partners and any loan documents shall provide for notice to Sonesta of any defaults by the Partnership. (d) The project administration fee will be funded first from available cash on a monthly basis or will be treated as Deferred Fees to the extent of amounts not funded by the construction lender. (e) The Partnership shall endeavor to obtain, on or before the Escrow Release Date (or as soon thereafter as possible) "key man" life insurance, in the amount of Twenty-Five Million and No/100 Dollars ($25,000,000), upon the life of Xxxxxxx Xxxxxxxxx. The cost of such insurance shall be an expense of the Partnership and the Partnership shall be the beneficiary of the policy. Unless with the consent of Sonesta, the Partnership shall not cancel or terminate the policy prior to such time as the Project is completed. Upon completion of the Project, the Partnership shall, at the request and direction of Xxxxxxx Xxxxxxxxx, transfer or assign such policy to Xxxxxxx Xxxxxxxxx or such person as he may direct. (f) The costs and expenses incurred by the Partners, including attorneys' fees, in connection with the Project shall be considered as expenses of the Partnership. In the event such costs and expenses are paid directly by a Partner, and are not reimbursed by the Partnership, then such amounts shall be treated as Additional Capital Contributions by such Partner for purposes of determining its Unreturned ...
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MISCELLANEOUS MANAGEMENT PROVISIONS 
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Related to MISCELLANEOUS MANAGEMENT PROVISIONS

  • Miscellaneous Matters A number of special points. We have identified each of these as important to ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Miscellaneous Provisions The following miscellaneous provisions are a part of this Agreement:

  • Miscellaneous Provision It is hereby understood that, to be entitled to the benefits under this Agreement, the MEMBER hereby waives his/her consent to the disclosure and processing of his/her medical/health information which is determinative for the assessment of his/her coverage and necessary for the treatment of his/her illness. MediCard, its Medical Service Units/Teams and its Accredited Hospitals/Clinics are hereby released from any liability by reason of such disclosure.

  • Miscellaneous and General Survival.....................................................................49 9.2. Modification or Amendment....................................................50 9.3.

  • Miscellaneous Powers The Trustees shall have the power to: (a) employ or contract with such Persons as the Trustees may deem desirable for the transaction of the business of the Trust; (b) enter into joint ventures, partnerships and any other combinations or associations; (c) purchase, and pay for out of Trust Property, insurance policies insuring the Shareholders, Trustees, officers, employees, agents, investment advisors, distributors, selected dealers or independent contractors of the Trust against all claims arising by reason of holding any such position or by reason of any action taken or omitted by any such Person in such capacity, whether or not constituting negligence, or whether or not the Trust would have the power to indemnify such Person against such liability; (d) establish pension, profit-sharing, share purchase, and other retirement, incentive and benefit plans for any Trustees, officers, employees and agents of the Trust; (e) make donations, irrespective of benefit to the Trust, for charitable, religious, educational, scientific, civic or similar purposes; (f) to the extent permitted by law, indemnify any Person with whom the Trust has dealings, including without limitation any advisor, administrator, manager, transfer agent, custodian, distributor or selected dealer, or any other person as the Trustees may see fit to such extent as the Trustees shall determine; (g) guarantee indebtedness or contractual obligations of others; (h) determine and change the fiscal year of the Trust and the method in which its accounts shall be kept; and (i) adopt a seal for the Trust but the absence of such seal shall not impair the validity of any instrument executed on behalf of the Trust.

  • Miscellaneous Leaves L31.1 Application for Miscellaneous Leave shall be made to the Executive Superintendent of Employee Services or designate. The Teacher shall notify the principal at the time the application is made and whenever possible shall make the application at least five days prior to the day for which the leave is requested.

  • Miscellaneous Benefits This Agreement is not intended, and shall not be deemed to be in lieu of any rights, benefits, and privileges to which Employee may be entitled as an Employee of Bank under any retirement, pension, profit sharing, insurance, hospital, bonus, vacation, or other plan or plans which may now be in effect or which may hereafter be adopted by Bank, it being understood that Employee shall have the same rights and privileges to participate in such plans and benefits, as any other employee, during the period of his employment.

  • Miscellaneous Rules 1 The provisions of this Agreement shall not be construed to restrict in any manner any exclusion, exemption, deduction, credit, or other allowances now or hereafter accorded: (a) by the laws of a Contracting State in the determination of the tax imposed by that State; or (b) by any other agreement entered into by a Contracting State.

  • Miscellaneous Leave Leave with or without pay may be granted for the following purposes subject to the criteria set out below being met. (a) Where a teacher is prevented from travelling from their home to work because of an emergency situation outside of the control of the teacher (up to seven (7) days leave with pay may be granted) provided that this provision is for emergencies only. Approval shall not be given where the teacher has advance notice or in circumstances where the teacher could be reasonably expected to have foreseen the situation arising. Where practicable the teacher is to inform the school of the reasons for the absence and is required to return to duty as soon as possible. Full details of the case shall be submitted.

  • Miscellaneous Items Borrower shall deliver to Lender such other items, documents and evidences pertaining to the Line of Credit as may reasonably be requested by Lender.

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