Relationship with Substitute Manager Sample Clauses

Relationship with Substitute Manager. The relationship of the Members to any Person that has either acquired the Membership Interest of DTO Management or has been elected as a successor Manager as provided herein shall be governed by this Agreement. If such Person was not previously a Manager, then such Person, as Substitute Manager, shall have all the rights and powers of its predecessor Manager under this Agreement; provided, such Person assumes in writing the obligations of such Manager under this Agreement and any arising thereafter, and accepts and adopts all the terms and provisions of this Agreement in writing. The withdrawing Manager shall be liable for all of its covenants and obligations under this Agreement for all periods prior to its withdrawal until such liability is assumed by a Substitute Manager.
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Relationship with Substitute Manager. The relationship of the Members to any person or entity that has acquired the Membership Interest of either AHH Management or the Investor Manager shall be governed by this Agreement. If the acquiring party was not theretofore a Manager, then such Substitute Manager shall have all the rights and powers of such Manager under this Agreement; provided, it assumes in writing the obligations of such Manager under this Agreement and any arising thereafter, and accepts and adopts all the terms and provisions of this Agreement in writing. The withdrawing Manager shall be liable for all of its covenants and obligations under this Agreement for all periods prior to its withdrawal until such liability is assumed by a Substitute Manager.
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Relationship with Substitute Manager. 27 SECTION 8.4. MEMBERS WHO ARE NOT MANAGERS - RESTRICTION ON TRANSFER...................... 27 SECTION 8.5. CONDITION PRECEDENT TO TRANSFER OF ECONOMIC INTEREST AND/OR MEMBERSHIP INTEREST......................................................... 28
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Relationship with Substitute Manager. THE RELATIONSHIP OF THE MEMBERS TO ANY PERSON THAT HAS EITHER ACQUIRED THE MEMBERSHIP INTEREST OF HHBF OR HAS BEEN ELECTED AS A SUCCESSOR MANAGER AS PROVIDED HEREIN SHALL BE GOVERNED BY THIS AGREEMENT. IF SUCH PERSON WAS NOT PREVIOUSLY A MANAGER, THEN SUCH PERSON, AS SUBSTITUTE MANAGER, SHALL HAVE ALL THE RIGHTS AND POWERS OF ITS PREDECESSOR MANAGER UNDER THIS AGREEMENT; PROVIDED, SUCH PERSON ASSUMES IN WRITING THE OBLIGATIONS OF SUCH MANAGER UNDER THIS AGREEMENT AND ANY ARISING THEREAFTER, AND ACCEPTS AND ADOPTS ALL THE TERMS AND PROVISIONS OF THIS AGREEMENT IN WRITING. THE WITHDRAWING MANAGER SHALL BE LIABLE FOR ALL OF ITS COVENANTS AND OBLIGATIONS UNDER THIS AGREEMENT FOR ALL PERIODS PRIOR TO ITS WITHDRAWAL UNTIL SUCH LIABILITY IS ASSUMED BY A SUBSTITUTE MANAGER.
Sample 1

Related to Relationship with Substitute Manager

  • Termination of Relationship with the Company If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

  • RELATIONSHIP WITH DIRECTORS Directors, officers and employees of the Advisor or an Affiliate of the Advisor may serve as Directors, officers or employees of the Company, except that no director, officer or employee of the Advisor or its Affiliates who also is a Director shall receive any compensation from the Company for serving as a Director other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board.

  • Termination of Relationship as a Service Provider If the Optionee ceases to be a Service Provider (other than for death or Disability), this Option may be exercised for a period of three (3) months after the date of such termination (but in no event later than the expiration date of this Option as set forth in the Notice of Grant) to the extent that the Option is vested on the date of such termination. To the extent that the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

  • Subadviser’s Relationship Notwithstanding anything herein to the contrary, Subadviser shall be an independent contractor and will have no authority to act for or represent the Trust, the Fund or Manager in any way or otherwise be deemed an agent of any of them, except to the extent expressly authorized by this Agreement or in writing by the Trust or Manager.

  • Termination of Business Relationship If the Optionee's Business Relationship with the Company and all Related Corporations is terminated, other than by reason of death, disability or dissolution as defined in Section 5, no further installments of this option shall become exercisable, and this option shall terminate (and may no longer be exercised) after the passage of 90 days from the date the Business Relationship ceases, but in no event later than the scheduled expiration date. In such a case, the Optionee's only rights hereunder shall be those which are properly exercised before the termination of this option.

  • Termination of Relationship If Optionee terminates Continuous Status --------------------------- as an Employee or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

  • Continuous Relationship with the Company Required Except as otherwise provided in this Section 3, this option may not be exercised unless the Participant, at the time he or she exercises this option, is, and has been at all times since the Grant Date, an employee or officer of, or consultant or advisor to, the Company or any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code (an “Eligible Participant”).

  • Relationship Management 1. Provide client service support to the Fund, including access to day-to-day points of contact and to points of escalation as necessary.

  • Independent Relationship Nothing herein contained shall be deemed to create an employment, agency, joint venture or partnership relationship between the Parties hereto or any of their agents or employees, or any other legal arrangement that would impose liability upon one Party for the act or failure to act of the other Party. Neither Party shall have any power to enter into any contracts or commitments or to incur any liabilities in the name of, or on behalf of, the other Party, or to bind the other Party in any respect whatsoever.

  • Relationship to Plan This Award is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof. Except as defined or otherwise specifically provided herein, capitalized terms shall have the same meanings ascribed to them under the Plan.

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