POWERS, RIGHTS AND OBLIGATIONS OF THE MANAGEMENT COMPANY Sample Clauses

POWERS, RIGHTS AND OBLIGATIONS OF THE MANAGEMENT COMPANY. The management Company shall conduct all aspects of the business affairs of the Company including, without limitation, management of; (i) the identification and selection of income producing assets ("Assets") for acquisition by the Company with the proceeds of the offering; (ii) administration of the leases for such Assets; (iii) management of remarketing and resale of the Assets; and (iv) general administrative and day-to-day operations of the Company. The Management shall devote such time as may be necessary for the proper performance of its duties and shall use its best efforts to carry out the purposes of the Company and shall manage the affairs of the Company to the best of its abilities. The Company agrees and acknowledges that the Management Company may, in the future, act as management company for other investment entities sponsored by the Management Company, which entities may engage in the same line of business as the Company.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
POWERS, RIGHTS AND OBLIGATIONS OF THE MANAGEMENT COMPANY. The Management Company shall conduct all aspects of the business affairs of the Company including, without limitation, management of; (i) organization of the Company, and public offering the ("Offering") of its 10% Secured Promissory Notes as described in that certain Prospectus (the "Prospectus") and registration of such offering under applicable federal and state securities laws; (ii) the identification and selection of income producing assets ("Assets") for acquisition by the Company with the proceeds of the Offering; (iii) administration of the leases for such Assets; (iv) management of remarketing and resale of the Assets; (v) payment of the holder's Secured Bonds of the Company; and (vi) general administrative and day-to-day operations of the Company. The Management shall devote such time as may be necessary for the proper performance of its duties and shall use its best efforts to carry out the purposes of the Company and shall manage the affairs of the Company to the best of its abilities. The Company agrees and acknowledges that the Management Company may, in the future, act as management company for other investment entities sponsored by the Management Company, which entities may engage in the same line of business as the Company.
Sample 1

Related to POWERS, RIGHTS AND OBLIGATIONS OF THE MANAGEMENT COMPANY

  • Rights and Obligations of Members A. No Member shall be obligated to make capital contributions to the Company except as provided in Section 9A.

  • Rights and Obligations of the Parties 2.1 During the term of this Agreement, Party A’s rights and obligations include:

  • APPOINTMENT AND OBLIGATIONS OF THE ADVISER Subject to the terms and conditions of this Agreement and the policies and control of the Fund's Board of Directors (the "Board"), the Fund, on behalf of the Series, hereby appoints the Adviser to serve as the investment adviser to the Series, to provide the investment advisory services set forth below in Section II. The Adviser agrees that, except as required to carry out its duties under this Agreement or otherwise expressly authorized, it is acting as an independent contractor and not as an agent of the Series and has no authority to act for or represent the Series in any way.

  • Rights and Obligations of Party B 1. Party B’s Rights

  • Rights and Obligations of Party A I. Rights of Party A

  • Rights and Obligations of the Limited Partners 8.1 Management of the Partnership. The Limited Partners shall not participate in the management or control of Partnership business nor shall they transact any business for the Partnership, nor shall they have the power to sign for or bind the Partnership, such powers being vested solely and exclusively in the General Partner.

  • Absolute Rights and Obligations This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Security Instruments to which it is a party by reason of:

  • Party A’s Rights and Obligations 1. Party A guarantees that the products provided meet the quality and hygiene standards stipulated by the state;

  • Rights and Obligations of Limited Partners 8.1 No Participation in Management. No Limited Partner (other than a General Partner if it has acquired an interest of a Limited Partner) shall take part in the management of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.

  • Party B’s Rights and Obligations 1. Party B’s rights

Time is Money Join Law Insider Premium to draft better contracts faster.