Common use of Restrictions on the Managers Clause in Contracts

Restrictions on the Managers. 3.3.1 The Managers will, and will cause any other Service Provider to, refrain from taking any action that is not in compliance with or would violate any Laws or that otherwise would not be permitted by the Governing Instruments of the Service Recipients. If any Manager or any Service Provider is instructed to take any action that is not in such compliance by a Service Recipient’s Governing Body, such person will promptly notify such Governing Body of its judgment that such action would not comply with or violate any such Laws or otherwise would not be permitted by such Governing Instrument.

Appears in 3 contracts

Samples: Master Services Agreement (Brookfield Property Partners L.P.), Master Services Agreement (Brookfield Property Partners L.P.), Master Services Agreement (Brookfield Property Partners L.P.)

AutoNDA by SimpleDocs

Restrictions on the Managers. 3.3.1 3.4.1 The Managers will, and will cause any other Service Provider to, refrain from taking any action that is not in compliance with or would violate any Laws or that otherwise would not be permitted by the Governing Instruments of the Service Recipients. If any Manager or any Service Provider is instructed to take any action that is not in such compliance by a Service Recipient’s Governing Body, such person will promptly notify such Governing Body of its judgment that such action would not comply with or violate any such Laws or otherwise would not be permitted by such Governing Instrument.

Appears in 2 contracts

Samples: Master Services Agreement (Brookfield Property Partners L.P.), Master Services Agreement (Brookfield Property Partners L.P.)

AutoNDA by SimpleDocs

Restrictions on the Managers. 3.3.1 3.4.1 The Managers will, will and will cause any other Service Provider to, to refrain from taking any action that is not in compliance with or would violate any Laws Law or that otherwise would not be permitted by the Governing Instruments of the Service Recipients. If any Manager of the Managers or any Service Provider is instructed to take any action that is not in such compliance by a Service Recipient’s Governing Body, such person will promptly notify such Governing Body of its judgment that such action would not comply with adversely affect such status or violate any such Laws Law or otherwise would not be permitted by such Governing Instrument.

Appears in 1 contract

Samples: Master Services Agreement (Brookfield Infrastructure Partners L.P.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!