Qualified Management Contract Sample Clauses

Qualified Management Contract. The Parties acknowledge that this Agreement is intended to satisfy the safe harbor provisions of Internal Revenue Service Revenue Procedure 97-13, and any question of the interpretation of this Agreement shall be resolved in favor of complying with such safe harbor. Each parly represents to the other party that the Management Fee set forth in this Agreement is a reasonable fee for AOGP's management services provided under this Agreement.
Sample 1
AutoNDA by SimpleDocs
Qualified Management Contract. THIS QUALIFIED MANAGEMENT CONTRACT (the “Agreement”), dated as of November 17 2014, by and between Xxxxxx Sports Management, Inc., an Illinois corporation (“Company”), with offices located at 000 Xxxxxx Xxxxxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000, and the County of Union a body corporate and politic of the State of New Jersey, with offices located at Union County Administration Building, 00 Xxxxxxxxxxxxx Xxxxx, Xxxxxxxxx, Xxx Xxxxxx 00000 (“County”). The County and the Company are each referred to herein individually as a “Party” and collectively, as the “Parties”.
Sample 1
Qualified Management Contract. The County and the Company acknowledge and agree that this Agreement is intended to conform to the requirements of Revenue Procedure 97-13, 1997-1 C.B. 632, and is to be interpreted consistently therewith. Notwithstanding any provisions in this Agreement to the contrary, the County and the Company agree that the County shall be under no obligation to pay, and shall not pay, compensation for services to the Company for the operation and maintenance of the Golf Course Facilities for any annual period if such payment, or any portion thereof, would (i) result in less than 80% of the Company's compensation for services for such period being based on a periodic fixed fee, or (ii) result in any portion of such compensation, in whole or in part, being based on a share of net profits, as such terms are defined in Rev. Proc. 97-13. The County and the Company agree that, for so long as tax-exempt obligations are outstanding with respect to the Golf Course Facilities, this Agreement shall not be amended or revised except with an opinion of a nationally recognized bond counsel firm that any such amendments or revisions shall not affect the tax-exempt status of any obligations outstanding with respect to the Golf Course Facilities.
Sample 1
Qualified Management Contract 
Sample 1

Related to Qualified Management Contract

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"):

  • AGREEMENT MANAGEMENT A. Contractor may change Project Manager but the Energy Commission reserves the right to approve any substitution of the Project Manager.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • INDEPENDENT CONTRACTOR AGREEMENT THIS CONTRACT is entered into this day of 1998, by and between the COUNTY OF SANTA XXXX, hereinafter called COUNTY, and’ XXXXXX SERVICES CORPORATION called CONTRACTOR. The parties agree as follows:

  • Workload Management 11.1 The parties to this Agreement acknowledge that employees and management have a responsibility to maintain a balanced workload and recognise the adverse affects that excessive workloads may have on employee/s and the quality of resident/client care.

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

  • Agreement Controls In the event that any term of any of the Loan Documents other than this Agreement conflicts with any express term of this Agreement, the terms and provisions of this Agreement shall control to the extent of such conflict.

  • Project contract 1. For each approved project a project contract shall be concluded between the Programme Operator and the Project Promoter.

  • Procurement and Property Management Standards The parties to this Agreement shall adhere to the procurement and property management standards established in 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, and to the Texas Uniform Grant Management Standards. The State must pre-approve the Local Government’s procurement procedures for purchases to be eligible for state or federal funds.

  • Sub-Contract The contractor shall not subcontract any or all of the supply without written consent of the purchaser. The contractor shall solely be responsible to the Purchaser for all the supply including that of the sub-contractor, if allowed by the purchaser

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