Partner Accounts Sample Clauses

Partner Accounts. 4.1 For every limited partner a limited partners’ contribution account I (liability capital account), a limited partners’ contribution account II, a contribution account III, a current account, a profit reserve account and, in addition, for each of the AMD Limited Partners a loss carryover account and for Leipziger Messe GmbH and for M+W a profit netting account shall be kept. 4.2 The limited partners’ contribution account I and the limited partners’ contribution account II (collectively the “Capital Accounts”) will be kept as non-interest-bearing fixed accounts. The contribution account III will be kept as non-interest bearing variable capital account. The limited partners’ contribution I will be entered in the limited partners’ contribution account I. The limited partners’ contribution II will be entered in the limited partners’ contribution account II. Contributions of a Partner (Section 3.7) in excess of the sum of the limited partners’ contribution I and the limited partners’ contribution II will be entered in the contribution account III. 4.3 Withdrawable profit shares, withdrawals, interest on such account and other payment transactions between the limited partners and the Partnership will be entered on the current accounts. The balances on the current accounts are liabilities and/or claims of the Partners and of the Partnership. The accounts shall bear interest at a rate of 6.5 % per annum calculated on an equated basis. 4.4 Non-withdrawable profit shares will be entered in the profit reserve accounts. The accounts shall bear interest at a rate of 6.5% per annum calculated on an equated basis. These accounts do not constitute liabilities of the Partnership. However, in the event of liquidation of the Partnership, they vest a claim for preferential payment and may be transferred only together with the limited partner’s interests. 4.5 The pro rata losses will be entered in the loss carryover accounts. These accounts are non-interest-bearing and, in the event of transfer of limited partner’s interests, they devolve on the legal successor. The loss carryover accounts do not constitute liabilities of the Partners. However, in the event of liquidation of the Partnership, they have to be settled in advance without any additional funding obligation of the limited partners resulting therefrom. 4.6 A current account will be kept each for the General Partner and the Second General Partner. In particular, remuneration for activities/compensation for liability ...
Sample 1
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Partner Accounts. (a) An individual partner account ("Partner Account") shall be maintained for each Partner and shall be adjusted as set forth herein. (b) The Partner Account maintained for each Partner (X) shall be credited with the sum of (a) the fair market value at the time of contribution of all capital contributions made by such Partner to the Partnership and the amount of all Net Income credited to the Partner account of such Partner pursuant to Section 4 and decreased by the sum of (i) the amount of all distributions made to such Partner and (ii) the amount of Net Loss charged to the Partner Account of such Partner pursuant to Section 4.1; (c) Partnership income, gains, losses and deductions shall, solely for income tax purposes, be allocated among the Partners in accordance with Section 704(c) of the Internal Revenue Code of 1986, as amended.
Sample 1
Partner Accounts. 8.1 The Partnership shall maintain a capital account for each Partner (the “Partner Account(s)”) except for the Partner Without Asset Share. 8.2 The deposits, profit shares, loss shares, withdrawals, interest and other payment transactions between the Partnership and each Partner shall be recorded on the Partner Account of the relevant Partner, with the exception of the deposits to be made in accordance with section 4 and except as expressly set forth otherwise in this Agreement. The Partner Accounts are non-interest-bearing. 8.3 No distributions or withdrawals shall be made from the Partner Accounts or otherwise to the Partners except in case of dissolution of the Partnership or upon unanimous vote by all Partners. Notwithstanding the preceding sentence, 8.3.1 any Cash Compensation Amounts shall be distributed to the Partner With Unallocated Asset Share within one (1) week after receipt of the relevant amount by the Partnership, 8.3.2 Any HSOP Assets held after the occurrence, or received in connection with, a Liquidity Event pursuant to section 6.4.4 lit. a) (Change of Control) or lit. b) (Liquidation), that are then allocated to a Partner With Asset Share shall be distributed to a relevant Partner With Asset Share upon request to be issued at least in Textform towards the Partnership, c/o the Managing Partner. For the avoidance of any doubt: The other provisions of this Agreement, in particular section 7.7, shall apply. 8.3.3 Any HSOP Assets held after the occurrence, or received in connection with, a Liquidity Event pursuant to section 6.4.4 lit. c) (Listing) shall be distributed in accordance with section 11.
Sample 1
Partner Accounts. 4.1 A fixed capital account, a current account, a profit reserve account and a profit netting account shall be kept for the Silent Partners. 4.2 The silent partner’s contributions are fixed contributions which are entered in the fixed capital account and which constitute the capital interests of the Silent Partners. 4.3 Withdrawable profit claims, withdrawals, interest on such account and other payment transactions between the Silent Partners and the Owner will be entered in the current accounts. The balances on the current accounts are liabilities and/or claims of the Silent Partners and of the Owner. The accounts shall bear interest at a rate of 6.5 % per annum calculated on an equated basis. 4.4 Non-withdrawable profit claims will be entered in the profit reserve accounts. The accounts shall bear interest at a rateof 6.5 % per annum calculated on an equated basis. These accounts do not constitute liabilities of the Owner. However, in the event of liquidation of the Owner, they vest a claim for preferential payment and may be transferred only together with the silent partner’s interest. 4.5 The Silent Partners have no share in the losses of the Owner. They are entitled to a profit in accordance with para. 5.5.2. 4.6 The profit claims of the Silent Partners pursuant to para. 5.5.1 sentence 3 shall be entered in the profit netting accounts. They serve for the calculation of the profit claims of the Silent Partners pursuant to para. 5.
Sample 1
Partner Accounts. Subject to Customer’s compliance with all terms and conditions of the Agreement (including payment of all applicable f ees), AVEVA grants to Customer a personal, non-exclusive, non- transf erable limited right to access and use the Partner Account, and all applications subscribed within, solely for (a) supporting the development, promotion and sale of Products via AVEVA Connect and (b) non- production use for its internal business purposes. However, if Customer uses a Partner Account for production purposes, AVEVA reserves the right to charge such Customer f ees for the applicable Product. Partner Accounts are exclusively reserved for AVEVA’s partners and such partners must have an active partner agreement with AVEVA in order to access a Partner Account and not be in breach of such agreement. If the partner agreement terminates or expires, then such Customer’s Partner Account will immediately terminate and will not be renewed. Customer shall not make the Partner Account, or any applications subscribed within the Partner Account, accessible or available for use by any other individual or entity unless expressly permitted by AVEVA. Customer is liable for (i) all acts or omissions (including non-compliance with terms of the Agreement) of Users, Affiliates, Permitted Third Parties, and (ii) access to the Partner Account by any other individuals or entities.
Sample 1
Partner Accounts. 4.1. You have a limited, non-exclusive, non-transferable, and non-sublicensable right to use the Zestty Service in the form offered to you by us from time to time solely for the purposes set out herein. The license granted to the Partner and/or any employee of the partner for the iOS Zestty App downloaded from Apple’s App Store is further limited to a license to use the Zestty App on any Apple-branded products that you own or control and as permitted by the Usage Rules set forth in the App Store Terms of Service and these Terms of Service. 4.2. In order to use the Zestty Service, the Partner must create a user account by following the registration instructions in the Zestty Service. The Zestty Service credentials are personal. The Partner and/or Employee shall ensure that any account credentials, and equivalent information required to access the account of the Partner are kept confidential and used in a secure manner not accessible by third parties. A Partner may have only one personal account per Employee. 4.3. Where it is suspected that any unauthorized person has become aware of a Partner’s and/or Employee’s account credentials or has access to the account of the Partner and/or Employee, the Partner and/or Employee shall immediately inform Zestty thereof. The Partner shall be responsible for any use of the Zestty Service and any activity under the user account of the Partner. 4.4. In order to use the Zestty Service, you must enter into a valid signed Partner Agreement with Zestty and provide the following information to Zestty: Bank details for payment, business license number, a valid copy of the ID of the owner of the business.
Sample 1
Partner Accounts. In order to use our Services, you consent to accounts with our partner custodians including, but not limited to, Anchorage Trust Company, Bitgo Trust, and Silvergate Bank, (“Custodial Accounts”).
Sample 1
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Partner Accounts. The Partnership shall maintain in Euros and in respect of each Partner, inter alia, (a) a capital account (“Capital Account”), and (b) an income account (“Income Account”) which shall be designated as that Partner’s accounts and which will operate as follows:
Sample 1
Partner Accounts. 4.1 For each partner,a capital account I, a capital account II, a reserve account, a loss carry forward account and a transaction account shall be maintained. 4.2 The contribution to be registered in the commercial register shall be booked into the capital account I of each of the Limited Partners. This capital account is fixed. Pursuant to the Contribution Agreement Behringwerke has contributed DM 5,000,000 (in words: Deutsche Xxxx five million) in kind to the capital account I of Behringwerke, of which 49 % will be transferred to the capital account I of 31. Corsa GmbH. 4.3 The remainder of the capital contribution of Behringwerke in accordance with the Contribution Agreement shall be booked into the capital account II of Behringwerke. 4.3.1 49 % of such capital is transferred according to the Purchase Agreement to the capital account II of 31. Corsa GmbH. 4.3.2 Any future contribution of Behringwerke to the Partnership pursuant to the Contribution Agreement will be booked at 51% into the capital account II of Behringwerke and at 49% into the capital account II of 31. Corsa GmbH. 4.3.3 The contributions to the capital accounts II are fixed and may not be withdrawn by either Partner. 4.4 Profits of the Partnership which are not distributed are booked into the reserve account of each Partner in proportion to their Partnership Interest. 4.5 Losses attributable to each Partner shall be booked into the loss-carry-forward account of each Partner in proportion to their Partnership Interest. 4.6 Distributable profit shares, withdrawals, compensation for services rendered, commissions, other than commissions pursuant to clause 4.7 of the Purchase Agreement, which shall be paid to Behringwerke in accordance with the Purchase Agreement, reimbursement of expenses, interest and all other payments between the Partnership and the Partners shall be booked into the respective transaction accounts. 4.7 In addition, separate loan accounts shall be kept to the extent Partners grant loans to the Partnership. 4.8 The capital accounts I and II, the reserve accounts and the transaction account shall not bear interest. Debit and credit balances of loan accounts, if any, shall bear interest at the rate specified in the relevant loan agreement, if any, or at due year FIBOR.
Sample 1

Related to Partner Accounts

  • Match Funds The goal of this subtask is to ensure that the Recipient obtains any match funds planned for this Agreement and applies them to the Agreement during the Agreement term. While the costs to obtain and document match funds are not reimbursable under this Agreement, the Recipient may spend match funds for this task. The Recipient may only spend match funds during the Agreement term, either concurrently or prior to the use of Energy Commission funds. Match funds must be identified in writing, and the Recipient must obtain any associated commitments before incurring any costs for which the Recipient will request reimbursement. • Prepare a Match Funds Status Letter that documents the match funds committed to this Agreement. If no match funds were part of the proposal that led to the Energy Commission awarding this Agreement and none have been identified at the time this Agreement starts, then state this in the letter. If match funds were a part of the proposal that led to the Energy Commission awarding this Agreement, then provide in the letter: o A list of the match funds that identifies: ▪ The amount of cash match funds, their source(s) (including a contact name, address, and telephone number), and the task(s) to which the match funds will be applied. ▪ The amount of each in-kind contribution, a description of the contribution type (e.g., property, services), the documented market or book value, the source (including a contact name, address, and telephone number), and the task(s) to which the match funds will be applied. If the in-kind contribution is equipment or other tangible or real property, the Recipient must identify its owner and provide a contact name, address, telephone number, and the address where the property is located. ▪ If different from the solicitation application, provide a letter of commitment from an authorized representative of each source of match funding that the funds or contributions have been secured. • At the Kick-off meeting, discuss match funds and the impact on the project if they are significantly reduced or not obtained as committed. If applicable, match funds will be included as a line item in the progress reports and will be a topic at CPR meetings. • Provide a Supplemental Match Funds Notification Letter to the CAM of receipt of additional match funds. • Provide a Match Funds Reduction Notification Letter to the CAM if existing match funds are reduced during the course of the Agreement. Reduction of match funds may trigger a CPR meeting. • Match Funds Status Letter • Supplemental Match Funds Notification Letter (if applicable) • Match Funds Reduction Notification Letter (if applicable)

  • Shareholder Accounts The proportionate allocation of expenses based upon the number of each Fund’s shareholder accounts and transaction activity in those accounts, measured over a period of time, relative to the total number of shareholder accounts and transaction activity in those accounts for all Funds receiving number of portfolio transactions for all Funds receiving services from the Service Company during such period.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • User Accounts End User shall ensure that only Authorized Users can access the Services. User accounts may not be shared among individuals or used to provide access to the Services to individuals who are not the individual associated with the corresponding user account.

  • Customer Accounts The Bank agrees to establish and maintain the following accounts (“Accounts”): (a) A custody account in the name of the Customer (“Custody Account”) for any and all stocks, shares, bonds, debentures, notes, mortgages or other obligations for the payment of money, bullion, coin and any certificates, receipts, warrants or other instruments representing rights to receive, purchase or subscribe for the same or evidencing or representing any other rights or interests therein and other similar property whether certificated or uncertificated as may be received by the Bank or its Subcustodian (as defined in Section 3) for the account of the Customer (“Securities”); and (b) A deposit account in the name of the Customer (“Deposit Account”) for any and all cash in any currency received by the Bank or its Subcustodian for the account of the Customer, which cash shall not be subject to withdrawal by draft or check. The Customer warrants its authority to: 1) deposit the cash and Securities (“Assets”) received in the Accounts and 2) give Instructions (as defined in Section 11) concerning the Accounts. The Bank may deliver securities of the same class in place of those deposited in the Custody Account. Upon written agreement between the Bank and the Customer, additional Accounts may be established and separately accounted for as additional Accounts under the terms of this Agreement.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.

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