Rights and Duties of the Partners. 3.1. Party-A and Party-B for the purposes of fulfillment hereof:
3.1.1. Develop investment activity for its economic and technical projects.
3.1.2. Conclude contracts and other agreements necessary for realization of their investment programs.
3.1.3. Acquire export-import quotas and licenses for export and import of commodities and products.
3.1.4. Provide each other with all necessary legal and other documents, related to the fulfillment hereof.
3.1.5. Invest money in their own projects during validity hereof according to their current legislation.
3.1.6. Carries out economic activity to fulfill own investment programs, make debt liquidation on all kinds of expenses, transfers facilities for payment of salaries and other types of rewards, cover all kinds of charges.
3.1.7. Attract legal entities and individuals for fulfillment their investment programs Agreement at their decision.
3.1.8. Are to provide each other with necessary assistance.
3.1.9. Are to follow and observe the terms and conditions hereof.
3.1.10. Are obligated to keep in a secret all business information related to implementation hereof.
3.1.11. Can invest additional investments during the validity period of the present Agreement, and also can carry out reinvestment in primary investment projects and other investment and reinvestment objects.
3.2. The Party A for the purposes of fulfillment hereof:
3.2.1. Develops the directions of own investment activity with its economic and technical ground.
3.2.2. Concludes contracts and other agreements necessary for realization of its investment programs.
3.2.3. Acquires export-import quotas and licenses for export and import of Commodities and products.
3.2.4. Provides Party B with all legal, financial and other documents, Related to the fulfillment hereof.
3.2.5. Can invest money during validity of this Agreement according to the current legislation.
3.2.6. Carries out economic activity to fulfill own investment programs, makes debt liquidation on all kinds of expenses, payment of commodities and services, got by each of the Parties, transfers facilities for payment of salaries and other types of rewards, finance all kinds of charges.
3.2.7. Attracts other legal entities and individuals for realization of the investment programs under Agreement.
3.2.8. Attracts investments and financial assets, including credit and loan facilities of residents and not residents aimed on execution of investment activity.
3.3. The Party B for the purposes of fulfillm...
Rights and Duties of the Partners. (a) The Limited Partners shall not participate in the control of the business of the Partnership and shall have no power to act for or bind the Partnership. The Limited Partners shall have the right to approve certain actions proposed to be taken by the General Partner and certain voting rights, all as set forth herein.
(b) Subject to Delaware Law, no Limited Partner shall be liable for losses or debts of the Partnership beyond the aggregate amount such Partner is required to contribute to the Partnership pursuant to this Agreement plus such Partner’s share of the undistributed net profits of the Partnership, except that nothing in this Subsection 6.1(b) shall limit any liability, obligation or claim incurred by a Limited Partner in its capacity as General Partner at such time as it was acting as the General Partner of the Partnership.
Rights and Duties of the Partners. (a) The Limited Partners shall not participate in the control of the business of the Partnership and shall have no power to act for or bind the Partnership. The Limited Partners shall have the right to approve certain actions proposed to be taken by the General Partner and certain voting rights, all as set forth herein.
(b) Pursuant to Delaware law (and provided that such Limited Partner does not, in addition to the exercise of its rights and powers as a Limited Partner, take part in the control of the business of the Partnership), each Limited Partner shall not be liable for losses or debts of the Partnership beyond the aggregate amount such Partner is required to contribute to the Partnership pursuant to this Agreement plus such Partner’s share of the undistributed net profits of the Partnership, except that a Partner may be liable under Delaware law to repay certain distributions received by it.
Rights and Duties of the Partners. (a) The Limited Partners as limited partners in the Partnership shall not participate in the conduct, control or management of the business of the Partnership, and the Limited Partners shall have no power to act for or bind the Partnership. Except as expressly provided herein, the Units do not confer any rights upon the Limited Partners to participate in the conduct, control or management of the business of the Partnership described in this Agreement, which conduct, control and management shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. Except as required or permitted by Law, or expressly provided in the ultimate sentence of this Section 6.1(a) or by separate agreement with the Partnership, no Partner who is not also a General Partner (and acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner who is not also a General Partner (and acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner. Notwithstanding the foregoing, the Partnership may employ one or more Partners from time to time, and such Partners, in their capacity as employees of the Partnership, may take part in the control and management of the business of the Partnership to the extent such authority and power to act for or on behalf of the Partnership has been delegated to them by the General Partner.
(b) Pursuant to Pennsylvania law, each Limited Partner shall not be liable for losses or debts of the Partnership beyond the aggregate amount such Partner has contributed to the Partnership pursuant to this Agreement plus his share of the undistributed net profits of the Partnership, except that a Partner may be liable under Pennsylvania law to repay certain distributions received by it.
Rights and Duties of the Partners. (a) The Limited Partner as limited partner in the Partnership shall not participate in the control of the business of the Partnership and shall have no power to act for or bind the Partnership.
(b) Pursuant to Pennsylvania law, the Limited Partner shall not be liable for losses or debts of the Partnership beyond the aggregate amount such Partner is required to contribute to the Partnership pursuant to this Agreement plus its share of the undistributed net profits of the Partnership, except that a Partner may be liable under Pennsylvania law to repay certain distributions received by it.
Rights and Duties of the Partners. 3.1. Party-A and Party-B for the purpose of fulfillment hereof:
3.1.1. Develop investment activity for their economic and technical projects.
3.1.2. Conclude contracts, agreements, and other agreements necessary for realization of their investment programs.
3.1.3. Provide each other with all necessary legal, financial and other documents, related to the fulfillment hereof.
3.1.4. Invest money in their own projects during validity hereof according to their current legislation.
3.1.5. Carry out economic activity to fulfill own investment programs.
3.1.6. Attract other legal entities and individuals for the fulfillment of their investment programs under the present Agreement at their sole decision.
3.1.7. Agree to provide each other with necessary assistance.
3.1.8. Agree to follow and observe the terms and conditions hereof.
3.1.9. Agree to keep in a secret all business, technical and commercial information related to implementation hereof.
Rights and Duties of the Partners. (a) The Limited Partners as limited partners in the Partnership shall not participate in the conduct, control or management of the business of the Partnership, and the Limited Partners shall have no power to act for or bind the Partnership. Except as expressly provided herein, the Units do not confer any rights upon the Limited Partners to participate in the conduct, control or management of the business of the Partnership described in this Agreement, which conduct, control and management shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. Except as required or permitted by Law, or expressly provided in the ultimate sentence of this Section 6.1(a) or by separate agreement with the Partnership, no Partner who is not also a General Partner (and acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner who is not also a General Partner (and acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner. Notwithstanding the foregoing, the Partnership may employ one or more Partners from time to time, and such Partners, in their capacity as employees of the Partnership, may take part in the control and management of the business of the Partnership to the extent such authority and power to act for or on behalf of the Partnership has been delegated to them by the General Partner.
(b) Pursuant to Delaware law, each Limited Partner shall not be liable for losses or debts of the Partnership beyond the aggregate amount such Partner has contributed to the Partnership pursuant to this Agreement plus his share of the undistributed net profits of the Partnership, except that a Partner may be liable under Delaware law to repay certain distributions received by it.
Rights and Duties of the Partners. Management
4.1 The General Partner has exclusive responsibility for the management and control of the business and affairs of the Limited Partnership and (subject to the terms of this Agreement):
a. has the power and authority to do all things necessary to carry out the Business of the Limited Partnership;
b. must devote as much of its time and attention as is reasonably required for the management of the business of the Limited Partnership;
c. must procure that all filings and registrations required in relation to the Limited Partnership pursuant to the Limited Partnerships Act are promptly made; and
d. must operate the Limited Partnership in accordance with the Limited Partnerships Act and this Agreement.
4.2 Subject to clauses 4.3 and 7.1, and the Limited Partnerships Act, the General Partner may delegate its authority and powers given to it pursuant to this Agreement to such person or persons as it may reasonably select and appoint. The General Partner remains liable for the acts and omissions of its delegates as if those acts and/or omissions were those of the General Partner.
Rights and Duties of the Partners. The activities of the Partner comprise in particular: - Search for prospective customers and marketing of the products - Advising customers and prospective customers on products - Installation and launching of the products on site at the customer’s facility - Processing any technical questions or problems of the customer in relation with the products before using the ASTEAS Support Hotline as an aid The Partner will strive to generate regular sales with the products. The Partner undertakes to market and sell the products of ASTEAS, including the prolongation of existing software maintenance contracts between the Partner and his customers. The Partner is entitled to address feature requests containing requirements of the customer to AS- TEAS. These have to be made in writing and in detailed form. It is in the sole discretion of ASTEAS to decide if and when such a feature is realized or shall be realized. The Partner is entitled to indicate the IACBOX Partner logo pursuant to his Partner status acquired during the term of this Contract on his website. It shall not be permitted to publish price information of the products and services of ASTEAS in online shops or via other media, such as e.g. websites, sales portals that are accessible to the public, or to make such accessible to the public in any other way. This shall also apply for installation media and other confidential information. The Partner undertakes to comply with the General Terms and Conditions for Service of ASTEAS which this Contract is based on and not to take any actions which are contrary to the General Terms and Conditions for Service. The Partner undertakes further not to remove, modify or abusively use in any other way any copyright information or any other information on author’s rights of. During the effective existence of this Contract, the Partner shall be entitled to call himself a Partner of ASTEAS as well as a IACBOX distributor and is entitled to all services, concessions as well as marketing benefits linked therewith. The Partner is entitled to use and exploit logos, names and trademarks of ASTEAS or, respectively, the products in the framework of the services under this Contract, in particular for advertising purposes. The utilization of all material made available by AS- TEAS is only permissible during the existence of the present Contract. The Partner thereby acquires no rights in the trademark, logo or any other protected material of ASTEAS. It is prohibited to the Partner to...
Rights and Duties of the Partners. 3.1. Party-A and Party-B for the purposes of fulfilment hereof:
3.1.1. Develop investment activity for its economic and technical projects.
3.1.2. Conclude contracts, agreements, and other agreements necessary for realization of their investment programs.
3.1.3. Acquire export-import quotas and licenses for export and import of commodities and products.
3.1.4. Provide each other with allnecessarylegal, financial and otherdocuments, relatedtothefulfilment hereof.
3.1.5. Invest money in their own projects during validity hereof according to their current legislation.
3.1.6. Xxxxxx out economic activity to fulfil own investment programs, make debt liquidation on all kinds of expenses, payment of commodities and services, transfers facilities for payment of salaries and other types of rewards, cover all kinds of charges.
3.1.7. Attract other legal entities and individuals for the fulfilment of their investment programs under the present Agreement at their sole decision.
3.1.8. Are to provide each other with necessary assistance.
3.1.9. Are to follow and observe the terms and conditions hereof.
3.1.10. Are obligated to keep in a secret all business, technical and commercial information related to implementation hereof.
3.1.11. Can invest additional investments during the validity period of the present Agreement, and also can carry out reinvestment in primaryinvestmentprojects and other investmentand reinvestment objects.
