Owners Duties and Responsibilities Sample Clauses

Owners Duties and Responsibilities. The BROKER is granted the right to sell the Property, as the Owner’s exclusive agent, during the term of this Agreement and to cooperate in marketing the Property, including preparation of the Purchase and Sales Agreement. If the Property is sold to a buyer procured by the Broker, the fee described in paragraph 4 shall be due. The Owner reserves the right to sell the Property himself during the Listing Period (as hereinafter defined) without owing a fee. If the Owner places the Property under agreement with a buyer, the Owner shall notify the Broker promptly. The Broker is authorized and is required: (a) to offer compensation to other licensed brokers as subagents of Owner, buyer’s agents or otherwise; (b) to place a listing for the property in the MLSPIN (multiple listing service); (c) to publish a photograph of the Property and advertise the Property in such media as the Broker may select. The Owner hereby authorizes the Broker to disclose to prospective buyers all information about the Property provided to the Broker by the Owner, all of which the Owner represents to be accurate. The Owner acknowledges receipt of an agency disclosure form and according to the Code of Ethics and Standards of Practice of the National Association of Realtors® has been advised of (i) the Broker’s general company policies regarding cooperation with and compensation to subagents, Buyer’s agents and other licensees; (ii) the fact that a buyer’s agent, even if compensated by the listing broker or seller will represent the interest of the buyer and (iii) any potential for the listing broker to act as a disclosed dual agent on behalf of the seller and buyer. The Owner agrees to comply with all applicable fair housing laws.
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Owners Duties and Responsibilities. 4.1 During this Agreement, the Owner shall: a. pay all payments due under any Mortgage in full and on the due dates; b. keep in place adequate Insurance Policy with a reputable Insurer, and observe the terms of the Insurance policy so far as they relate to the Property, and the sub-letting of rooms therein and/or serviced accommodation and shall provide the Manager with a full copy of the Insurance Policy and any renewal, variation or alteration from time to time; c. provide all information, consents, approvals and signature on documents which the Manager shall reasonably require in relation to managing the Property; d. warrant that any required consent from a lender in relation to any Mortgage concerning the subletting of rooms at the Property or other occupation of the Property by a Tenant has been obtained, such that the Manager may proceed with the Management of the Property; e. assist the Manager with the taking of proceedings or use of any other procedures to obtain or enforce any court order for possession of a room in or of the whole Property.
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Owners Duties and Responsibilities. 3.1. Information and Services Required of the Owner.
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Owners Duties and Responsibilities. The Owner shall provide a designated staff person by which the Project Manager shall answer directly to. In communications relating to the Project, the Owner shall communicate with Contractors and Subcontractors only through the Project Manager. The Owner shall examine documents submitted by the Project Manager within the time and manner set forth in these General Conditions or the Competition Program for the review of documents, provided however that where time and manner is not set forth in these General Conditions or the Competition Program, the Owner shall examine documents within 25 days from the date of receipt. The Owner's representative at the Project shall be the Project Manager, and all communications to the Owner shall be made through the Project Manager. Unless otherwise stated herein, no Modification to the Contract shall be made without the written approval of the Owner. In the event that any dispute between the Owner and the Project Manager concerning questions of fact arising under this Contract cannot be resolved, a request for resolution shall be submitted by the Project Manager to the City Manager for final determination. Requests for such determination shall be made in writing. The City Manager’s decision may be reached in accordance with assistance as he or she may deem reasonably necessary or desirable. The City Manager’s final decision shall be rendered in writing no more than 30 days after receipt of a fully documented (to the extent that such documents are within the control of the Project Manager) request for a determination. The decision shall be conclusive, final, and binding on all parties, unless the Project Manager shall seek a judicial determination in accordance with the provisions set forth below. No later than 60 days after the Project Manager's receipt of the City Manager’s determination, the Project Manager shall respond to the City Manager in writing, either accepting the determination or stating the Project Manager's factual or legal objections to the determination. If the Project Manager's response is an objection, the City Manager shall respond in writing to the objection within 30 days after receipt of it. No further response by either party shall be required. Thereafter, the Project Manager may seek a judicial determination of the dispute. In the event that the Project Manager intends to seek judicial determination of a matter decided by the City Manager, the Project Manager shall notify the Owner of its intent to...
Sample 1
Owners Duties and Responsibilities. The BROKER is granted the right to sell the Property, as the Owner’s exclusive agent, during the term of this Agreement and to cooperate in marketing the Property, including preparation of the Purchase and Sales Agreement. If the Property is sold to a buyer procured by the Broker, the fee described in paragraph 4 shall be due. The Owner reserves the right to sell the Property himself during the Listing Period (as hereinafter defined) without owing a fee. If the Owner places the Property under agreement with a buyer, the Owner shall notify the Broker promptly. The Broker is authorized and is required: (a) to offer compensation to other licensed brokers as subagents of Owner, buyer’s agents or otherwise; (b) to place a listing for the property in the multiple listing service; (c) to publish a photograph of the Property and advertise the Property in such media as the Broker may select. The Owner hereby authorizes the Broker to disclose to prospective buyers all information about the Property provided to the Broker by the Owner, all of which the Owner represents to be accurate. The Owner acknowledges receipt of an agency disclosure form and has been advised of (i) the Broker’s general company policies regarding cooperation with and compensation to subagents, Buyer’s agents and other licensees; (ii) the fact that a buyer’s agent, even if compensated by the listing broker or seller will represent the interest of the buyer and (iii) any potential for the listing broker to act as a disclosed dual agent on behalf of the seller and buyer. The Owner agrees to comply with all applicable fair housing laws.
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Owners Duties and Responsibilities. A. Initial deposit and contingency reserves. Depending upon the circumstances of the property, from the manager’s standpoint, there should be sufficient funds in the operating account to pay the expenses of the property from the outset of the agreement. If there is no money in the operating account upon takeover, the manager may require the owner to deposit an initial amount so that operating expenses can be paid. With each future budget, there should always be a minimum level of funds required to be kept in the account. if the operating expenses drain the account below the minimum level, the owner should be required to deposit funds into the account. B. Insufficient operating funds. If a cash flow deficit occurs, what happens? The owner should be responsible for depositing sufficient funds into the account. From the manager’s standpoint, the agreement should state that, under no circumstances, should the manager be responsible for funding operating deficits or advancing funds to the owner.
Sample 1
Owners Duties and Responsibilities. 2.1 Owner shall provide the equipment described on Exhibit B attached hereto. 2.2 The Owner shall make available existing surveys, records, and other information describing the physical characteristics, legal limitations and utility locations for the project site. Owner makes no representations or warranties regarding the accuracy of such information. 2.3 Subject to Section 12, Owner shall be responsible for all federal and state mining permits and approvals necessary for Contractor's operations under this Agreement. 2.4 Owner hereby designates John Shaal as project managxx ("Xxxxx's Representative") who shall be its representative and sole contact for purposes of this Agreement and who shall have full authority to take all actions required under this Agreement on behalf of Owner. Any and all approvals, consents, directives or other actions required or requested of Owner must be approved by Owner's Representative. The above designated person may be changed only with the approval of Owner's President. 2.5 Owner shall have the right (but not the obligation), after consultation with Contractor, to modify the Mining Plan and/or daily operations by Contractor to accommodate production requirements at Owner's Facility. 2.6 Owner shall pay Contractor for its services in accordance with Section 4. 2.7 Owner shall hook up and supply all electric power necessary for Contractor's operations at Owner's cost. 2.8 Owner shall install and maintain a flow meter and density gauge to measure and calculate the dry tons delivered by Contractor. The data from Owner's flow meter and density gauge shall be used for purposes of determining payment to Contractor pursuant Section 4 and for determining compliance with Contractor's Performance Design Objectives set forth in Section 1.1. 2.9 Owner shall provide any rigid pipe needed for the repair or replacement of the rigid pipe from the flex discharge hose to the booster sump initially installed by Owner, as set forth on Exhibit B, but Contractor shall retain the duty to maintain, repair and replace such rigid pipe initially furnished by Owner.
Sample 1
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Owners Duties and Responsibilities. In consideration of receiving assistance under this the Owner agrees as follows: 1. The Owner agrees that if the Owner rents the real property described in this Agreement within five years of signing this Agreement, the Owner, as landlord, will: A. for five years from the date of this Agreement, maintain rents for the unit at or below the Fair Market Rents established by HUD and subject to review for compliance by the County. B. allow the County to annually review the rents charged for the unit to ensure compliance with the rent cap. The Owner agrees to provide the County with any information necessary to perform this review. 2. If the Owner fails to comply with the conditions in Section II of this Agreement, the County may assess and collect from the Owner within 60 days of the date of any special sewer assessment notice to Owner, the amount of funds granted to the Owner by the County under this Agreement pursuant to a prorata five-year sliding scale of 20 percent per year. If the Owner does not repay the funds owed to the County within 60 days of the date of notice, the amount owed becomes a lien against the property, and the County may resort to the property and seek any remedies provided by the laws of Montana, including foreclosure, always holding the Owner responsible for any deficiency after the sale of the property securing the grant. 3. If the Owner conveys the real property described in this Agreement within five years of the date of this Agreement, the repayment provisions of paragraph 2, above, apply.
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Owners Duties and Responsibilities 
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Related to Owners Duties and Responsibilities

  • Position, Duties and Responsibilities During the Term (as defined in Section 2.01 below), Executive shall serve as Chief Financial Officer of Company as well as in such other positions or capacities as may be reasonably requested by the Board of Directors of Company (the “Board”) or the Chief Executive Officer of Company (the “CEO”) and shall have such duties and responsibilities as are customary for, and are consistent with, such position(s) as may, from time to time, be assigned by the Board, the CEO and/or any of their respective nominees. Executive’s employment by Company shall be full-time and exclusive to Company and Executive shall (a) report to Company’s CEO, (b) comply with Company’s policies and procedures in place from time to time, and (c) serve Company faithfully and to the best of Executive’s ability. During the Term, and except for paid time off in accordance with the terms of Section 3.01(G) below or absences due to illness or incapacity, Executive shall devote all of Executive’s business time, attention, skill and efforts exclusively to the business and affairs of Company (including its affiliates) and the promotion of its interests. Notwithstanding anything contained herein to the contrary, Executive may do the following, provided that such activities do not inhibit or prohibit the performance of Executive’s duties hereunder or inhibit or conflict with the business of Company and/or its affiliates: (i) engage in charitable, educational, religious, civic and similar types of activities and manage Executive’s personal investments, and (ii) with consent of the Board which shall not be unreasonably withheld, serve on the board of directors, managers, advisors (or their equivalent) of outside business enterprises for up to 30 hours in the aggregate per calendar quarter (including but not limited to AngelMed, GenPro, and eNeura). Executive shall be required to spend on average eight days per month at the Company’s corporate offices in either Florida or Israel including travel. Executive acknowledges that he shall be required to travel as reasonably necessary to perform Executive’s duties hereunder, including international travel.

  • General Duties and Responsibilities 1. Responsibilities under the General Conditions of the Contract for Construction: In addition to the responsibilities herein set forth, Consulting Engineer/Architect agrees to be responsible for those matters identified in the General Conditions as being responsibilities of the Consulting Engineer/Architect. Consulting Engineer/Architect specifically acknowledges receipt of a copy of the General Conditions and acceptance of the responsibilities as set forth therein.

  • Duties and Responsibilities (a) The Auction Agent is acting solely as agent for the Company hereunder and owes no fiduciary duties to any other Person by reason of this Agreement. (b) The Auction Agent undertakes to perform such duties and only such duties as are set forth specifically in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Auction Agent. (c) In the absence of bad faith or negligence on its part, the Auction Agent shall not be liable for any action taken, suffered or omitted by it, or for any error of judgment made by it in the performance of its duties under this Agreement. The Auction Agent shall not be liable for any error of judgment made in good faith unless the Auction Agent shall have been negligent in ascertaining (or failing to ascertain) the pertinent facts.

  • Employment Duties and Responsibilities A) The Company shall employ the Executive, and the Executive shall serve the Company, as President and Chief Executive Officer, with such duties and responsibilities as may be assigned to the Executive by the Board of Directors of the Company (“BOD”) and are typically associated with a position of that nature. B) The Executive shall devote his best efforts and all of his business time to the performance of his duties under this Agreement and shall perform them faithfully, diligently and competently in a manner consistent with the policies and goals of the Company as determined from time to time by the BOD. C) The Executive shall report to the BOD of the Company. D) The Executive shall not engage in any activities outside the scope of his employment that would detract from, or interfere with, the fulfillment of his responsibilities or duties under this Agreement. E) The Executive shall not serve as a director (or the equivalent position) of any company or entity other than the Company and shall not render services of a business, professional or commercial nature to any other person or firm, except for not-for-profit entities, without prior written consent of the BOD. Such consent shall not be unreasonably withheld. F) The Executive shall not receive fees or other remuneration for work performed either within or outside the scope of his employment without prior written consent of the BOD. Such consent shall not be unreasonably withheld.

  • Certain Duties and Responsibilities The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section.

  • Roles and Responsibilities 1. The Donor States shall make funds available in support of eligible programmes proposed by the Beneficiary State and agreed on by the Financial Mechanism Committee within the priority sectors listed in Article 3.1 of Protocol 38c and the programme areas listed in the Annex to Protocol 38c. The Donor States and the Beneficiary State shall cooperate on the preparation of concept notes defining the scope and planned results for each programme. 2. The Beneficiary State shall assure the full co-financing of programmes that benefit from support from the EEA Financial Mechanism 2014-2021 in accordance with Annex B and the programme agreements. 3. The Financial Mechanism Committee shall manage the EEA Financial Mechanism 2014-2021 and take decisions on the granting of financial assistance in accordance with the Regulation. 4. The Committee shall be assisted by the Financial Mechanism Office (hereinafter referred to as the “FMO”). The FMO shall be responsible for the day-to-day operations of the EEA Financial Mechanism 2014-2021 and shall serve as a contact point.

  • Position and Responsibilities During the term of Executive’s employment hereunder, Executive agrees to serve as an Executive Vice President of the Bank. Executive shall perform administrative and management services for the Bank which are customarily performed by persons in a similar executive officer capacity. During said period, Executive also agrees to serve as an officer and director of any subsidiary of the Bank or the Company, if elected.

  • Duties and Responsibilities of Manager During the Term, subject to the provisions of Section 3.1 herein, Manager shall provide, in exchange for the Management Fee, all such services as are necessary and appropriate for the day-to-day administration and management of Practice in a manner consistent with good business practice, including without limitation those services set forth in this Article 2.

  • Rights, Duties and Responsibilities of Escrow Agent It is understood and agreed that the duties of the Escrow Agent are purely ministerial in nature, and that: 5.1 The Escrow Agent shall notify the Issuer, on a daily basis, of the Escrow Amounts which have been deposited in the Bank Account and of the amounts, constituting the Fund, which have cleared the banking system and have been collected by the Escrow Agent. 5.2 The Escrow Agent shall not be responsible for or be required to enforce any of the terms or conditions of any agreement between the Issuer and third parties nor shall the Escrow Agent be responsible for the performance by the Issuer of its respective obligations under this Agreement. 5.3 The Escrow Agent shall not be required to accept from the Issuer any Subscription Information pertaining to prospective purchasers unless such Subscription Information is accompanied by checks, cash, or wire transfers meeting the requirements of Section 3.1, nor shall the Escrow Agent be required to keep records of any information with respect to payments deposited except as to the names, addresses and amounts of such payments; however, the Escrow Agent shall notify the Issuer promptly of any discrepancy between the amount set forth in any Subscription Information and the amount delivered to the Escrow Agent therewith. Such amount need not be accepted for deposit in the Escrow Account until such discrepancy has been resolved. 5.4 The Escrow Agent shall be under no duty or responsibility to enforce collection of any check delivered to it hereunder. The Escrow Agent, within a reasonable time, shall return to the Issuer any check received which is dishonored, together with Subscription Information, if any, which accompanied such check. 5.5 The Escrow Agent shall be entitled to rely upon the accuracy, act in reliance upon the contents, and assume the genuineness of any notice, instruction, certificate, signature, instrument or other document which is given to the Escrow Agent pursuant to this Agreement without the necessity of the Escrow Agent verifying the truth or accuracy thereof. The Escrow Agent shall not be obligated to make any inquiry as to the authority, capacity, existence or identity of any person purporting to give any such notice or instructions or to execute any such certificate, instrument or other document. 5.6 If the Escrow Agent is uncertain as to its duties or rights hereunder or shall receive instructions with respect to the Bank Account, the Escrow Amounts or the Fund which, in its sole determination, are in conflict either with other instructions received by it or with any provision of this Agreement, it shall be entitled to hold the Escrow Amounts, the Fund, or a portion thereof, in the Bank Account pending the resolution of such uncertainty to the Escrow Agent’s sole satisfaction, by final judgment of a court or courts of competent jurisdiction or otherwise; or the Escrow Agent, at its sole option, may deposit the Fund (and any other Escrow Amounts that thereafter become part of the Fund) with the Clerk of a court of competent jurisdiction in a proceeding to which all parties in interest are joined. Upon the deposit by the Escrow Agent of the Fund with the Clerk of any such court, the Escrow Agent shall be relieved of all further obligations and released from all liability hereunder. 5.7 The Escrow Agent shall not be liable for any action taken or omitted hereunder, or for the misconduct of any employee, agent or attorney appointed by it, except in the case of willful misconduct or gross negligence. The Escrow Agent shall be entitled to consult with counsel of its own choosing and shall not be liable for any action taken, suffered or omitted by it in accordance with the advice of such counsel. 5.8 The Escrow Agent shall have no responsibility at any time to ascertain whether or not any security interest exists in the Escrow Amounts, the Fund or any part thereof or to file any financing statement under the Uniform Commercial Code with respect to the Fund or any part thereof.

  • Role and Responsibilities During the Employment Period, the Executive shall serve as Chief Financial Officer of the Company, and shall perform such employment duties as are usual and customary for such position. The Executive shall report directly to the Chief Executive Officer of the Company (the “CEO”). At the Company’s request, the Executive shall serve the Company and/or its subsidiaries and affiliates in other capacities in addition to the foregoing, consistent with the Executive’s position hereunder. In the event that the Executive, during the Employment Period, serves in any one or more of such additional capacities, the Executive’s compensation shall not be increased beyond that specified in Section 2(b) hereof. In addition, in the event the Executive’s service in one or more of such additional capacities is terminated, the Executive’s compensation, as specified in Section 2(b) hereof, shall not be diminished or reduced in any manner as a result of such termination provided that the Executive otherwise remains employed under the terms of this Agreement.

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