RIGHTS AND OBLIGATIONS OF THE PARTNERS Sample Clauses

RIGHTS AND OBLIGATIONS OF THE PARTNERS. Each Partner shall be obliged to: fulfil its duties under documents regulating the implementation of the Programme; undertake any actions necessary for timely and full implementation of the Partner’s part of the Project; undertake any necessary actions to enable the Lead Partner to fulfil its duties under the Subsidy Contract. To this end, each Partner shall be obliged to submit all documents and information required by the Lead Partner within a time-limit which enables the fulfilment its duties vis-a-vis the Managing Authority, set out in the Subsidy Contract, especially the timely preparation of payment applications and other documents in accordance with the provisions of the Subsidy Contract; ensure that double financing of eligible expenditure from the EU funds or other sources does not occur within the Partner’s part of the project under implementation; maintain separate accounting records or a separate accounting code for the purpose of implementation of the project, in a way which enables the identification of each financial operation carried out under the project5, under conditions set out in the current version of the Programme Manual; in its own Progress Reports, show only eligible expenditure and the expenditure which is in line with the Application Form; ensure that the public is informed about the funding of the project, in accordance with the requirements referred to in Article 115(3) of the General Regulation in the Commission Implementing Regulation (EU) No 821/2014 of 28 July 2014. (OJ L 223 of 29.7.2014, p. 7-18) and in the current version of the Programme Manual; monitor the progress of achieving the target values of the output indicators defined in the Application Form by the Partner’s part of a Project; regularly monitor the progress of the implementation of the Partner’s part of the project in relation to the content of the Application Form and other Appendices to this document as well as to immediately inform the Joint Secretariat through the Lead Partner of any irregularities, circumstances which cause delay or render impossible the full implementation of the project, or of the intention to cease the implementation of the Partner’s part of the Project; immediately inform the Joint Secretariat through the Lead Partner of the circumstances which influence the reduction of eligible expenditure of the project, especially of the possibility to recover VAT and of the revenue which was not taken into account at the stage of co-financing th...
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RIGHTS AND OBLIGATIONS OF THE PARTNERS. The Consortium agreement distributes rights and obligations between the different types of partners, according to the stipulations below: a) The Coordinating Partner is obliged to: - manage the Consortium’s common funds - administer day-to-day activities of the Consortium (eg travel and meeting arrangements) - manage the Consortium website and other kinds of public relations - lead the Consortium’s efforts to generate further funding. It is required that all Partner Units implicated in a funding application have expressed their consent either by agreeing to a board decision, or in writing, before the Coordinating Partner may submit the application. - give advice to the Partners’ PhD students in regards to funding applications for travel and participation costs - chair the Board - announce InterGender certified courses. - ensure the selection of successful applicants to InterGender certified courses by means of the Consortium Coordinator (5.3) - by means of the Consortium Coordinator (5.3), to report to the board how the selection of participants to InterGender certified courses is distributed between the Partners. If the board finds that the distribution is uneven, the Consortium Coordinator shall compensate for this in future selections. - ensure that InterGender course participants, upon request, receive a certificate of their participation, in which a recommendation is provided regarding the amount of ECTS participants should be accredited by their respective home institution . b) Full Partners are obliged to: - ensure that they are properly represented in the board Full Partners have the right to - be part of decisions as regards the joint course programme as planned by the Consortium - be part of decisions as regards other jointly planned activities c) All Partners are obliged to - provide information about the Partner Units regular course programme - at least once a year and before a specified deadline to report to the board, if they for the coming year will offer part of the Partner Units’ course programme as InterGender certified course, and if yes, which part. It is to be jointly agreed by the board which courses are to be offered as the annual InterGender programme. - adjust the course format to the InterGender model, for courses offered with the InterGender certificate - offer places on InterGender certified courses, to PhD students from other Partner Units and Partner Higher Education Establishments, according to InterGender rules for distribut...
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RIGHTS AND OBLIGATIONS OF THE PARTNERS. Rights and obligations of the partners
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RIGHTS AND OBLIGATIONS OF THE PARTNERS. WITH REGARD TO THE PROPERTY 14.01 Under the terms of the Escrow Agreement dated June 24, 1998 (the "Escrow Agreement"), simultaneous with the execution of this Amendment, and with the consent of the Partners, which is evidenced hereby, the General Partner has delivered to State Street Bank and Trust Company, as Escrow Agent (the "Escrow Agent"), (i) a duly executed special warranty deed to transfer fee simple title to the Property to R.V.I. America Insurance Company ("RVI") or its designee, (ii) a Bill xx Sale to convey to RVI or its designee all personal property included in the Property, (iii) an Assignment and Assumption of Leases to assign to RVI or its designee all leases of the Property and rents and deposits thereunder, (iv) a State of Maryland Land Instrument Intake Sheet, and (v) an Application for Lien Certificate, and may hereafter deliver additional documents to the Escrow Agent pursuant to an undertaking of further assurances set forth in a separate letter agreement dated on or about the date of the Escrow Agreement (items (i) through (v) above and such other delivered documents being referred to collectively as the "Escrowed Documents'). Each Partner acknowledges and agrees that, under the Escrow Agreement, if the Escrow Agent receives written notice (a "Transfer Notice") from KBC Bank N.V. ("KBC Bank") that a Notice of Final Claim under Policy Number 01-00-000000 xx RVI (the "Policy"), relating to the Property and issued in support of that certain loan by KBC Bank to Regency (the "KBC Loan"), has been delivered by KBC Bank to RVI and is in effect, that the KBC Loan and accrued interest thereon has not been paid in full, and that the Escrow Forbearance Period (as defined in the Escrow Agreement), has expired or been terminated, and if the Escrow Agent receives confirmation from the Trustee under the Project Loan Agreement that all amounts due and payable under the Project Loan Agreement have been paid and that the lien secured by the Trust Agreement shall have been released (the "Trustee Confirmation"), then the Escrowed Documents shall be released from escrow and the Escrow Agent, under the terms of the Escrow Agreement, shall deliver the Escrowed Documents to RVI or its designee as specified in the Transfer Notice or any written amendment thereto not later than ten (10) days after the Escrow Agent receives the Trustee Confirmation (but not earlier than two (2) business days after the general partner of the Partnership (the "General Partner"...
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RIGHTS AND OBLIGATIONS OF THE PARTNERS. 1. Each Partner is obliged to: a. undertake all actions necessary for timely and full implementation of its part of the project; b. take all necessary actions in order to allow the Lead partner to meet the obligations provided in the grant contract. With respect of the above, each Partner is obliged to transfer all documents and information required by the Lead partner by dates allowing it to implement the obligations as specified in the grant contract. 1. The Partner is entirely and solely responsible for implementation of its tasks, in accordance with the description contained in the Application Form. 2. Each Partner should promptly inform the Lead Partner on relevant circumstances having impact on correctness, timeliness, effectiveness and completeness of its actions. 3. Each Partner is obliged to provide quarterly progress report pertaining to the tasks provided for the Partner in the Application Form within 5 days after the end of the quarter. 4. Every Partner is liable towards other partners for any damages resulting from the project and consequences of damages, resulting from the tasks and obligations delegated to the Partner within the Project.
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RIGHTS AND OBLIGATIONS OF THE PARTNERS 
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Related to RIGHTS AND OBLIGATIONS OF THE PARTNERS

  • Rights and Obligations of the Parties 5.2.1. The client is obliged to: 5.2.1.1. Check for an SMS at the moment of issuance of a card, by which means they will receive a pin code, or check the integrity of the envelope in which the pin code is given; 5.2.1.2. Regularly review and abide by card usage and security regulations developed by the Bank, and not allow disclosure of the card and/or pin-code to the third persons; 5.2.1.3. Reimburse those bank expenses which are related to additional service costs of VISA and Mastercard (if any); 5.2.1.4. Use the card to pay the Bank any commission fee related to card servicing (producing, renewal, including in the international stop-list, etc.) and processing card transactions consistent with the tariff established by the Bank and/or international payment systems; 5.2.1.5. Perform transactions on the card account only within the limits of the available balance. The Bank shall impose a penalty on an intentionally or erroneously overspent amount in excess of the available balance according to the tariff established by the Bank for each day of using the surcharge amount; 5.2.1.6. Promptly fill surcharged amount; 5.2.1.7. Promptly notify the Bank about loss of the card; 5.2.1.8. Shall process card payment transaction in the internet only through the web pages having secure payment certifications (web pages where MasterCard SecureCode or Verified by VISA logos are depicted, allowing for making payment with 3D security code). The bank shall bear no responsibility for the transactions of the client made at the web-pages having no secure payment certifications. 5.2.2. The client is authorized to: 5.2.2.1. At any time obtain information on transactions held at the card account and request statements reflecting such transactions. The client is authorized to become familiar with the transactions made at the card accounts in the internet banking and/or address JSC “Pasha Bank Georgia” telephone services center – contact center and/or any branch of the bank to obtain such information. Card transactions statements shall be issued in a form requested by the client in the timelines established by the bank, however no later than 2 (two) banking days after the request of the client has been made. The bank is entitled to establish the commission for issuing the transaction statement made for the card account. 5.2.2.2. Submit a justified claim on transactions performed on the card account consistent with clause 5.4 of the present agreement. 5.2.3. The client acknowledges that: 5.2.3.1. Cards produced by the Bank are equipped with contactless technology; 5.2.3.2. Throughout the territory of Georgia, contactless card transactions without a pin code are permitted to the amount of up to 100 (one hundred) GEL. The Bank does not bear responsibility and does not accept claims from clients for contactless transaction(s) performed with the card account of a client up to 100 GEL throughout Georgia (notwithstanding the number of such transactions performed with the card).

  • Rights and Obligations of Members Section 6.1

  • 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.

  • Rights and Obligations of Limited Partners Section 8.1 Limitation of Liability 27 Section 8.2 Management of Business 27 Section 8.3 Outside Activities 27 Section 8.4 Return of Capital 27 Section 8.5 Rights of Limited Partners Relating to the Partnership 27

  • Rights and Obligations of Party B 8.1 Party B is entitled to use the Leased Units in accordance with the Contract. Party B may set a notable mark on the exit of elevators of the floor of leasing pursuant to the xxxevant management regulations of the Corporate Squares. The detailed conditions shall be discussed by both Parties. 8.2 Party B shall carry out the business activities in the Leased Units in compliance with laws, regulations and rules of the People's Republic of China and is prohibited to harm Party A's reputation through its activities. 8.3 Party B shall duly make the payments with respect to the rent, property management fee, electricity usage fee and any other charges it shall be responsible for. 8.4 Starting from the Commencement Date, Party B shall purchase insurance for the properties in the Leased Units, including property insurance and third party liability insurance. Otherwise, Party B and not Party A shall be solely responsible for all liabilities and losses. 8.5 Party B shall not alter the purpose of use of the Leased Units without consent in writing from Party A. 8.6 Party B shall not re-lend, sublease, and exchange the Leased Units, in whole or part, to third parties or allow third parties to use the Leased Units by other means, without consent in writing from Party A. 8.7 Party B shall not alter the locking and security system on the gate of the Leased Units without consent in writing from Party A or approval from related departments. 8.8 Party B shall not alter or move the equipment for usage of water and electricity and shall not enlarge the capacities of central air conditioning, without consent in writing from Party A. 8.9 Party B shall take necessary actions to prevent the Leased Units from fires accident or man-made damage. Party B shall immediately notify to Party A with respect to any damage of the Leased Units. Party B shall restore the damaged parts of the Leased Units to their former condition within one month upon receipt of Party A's notice, provided that the damages resulted from negligence by Party B and its employees. If Party B fails to do so timely, Party A has the right to repair the damaged parts. All the expenses thus incurred shall be borne by Party B. 8.10 Party B is entitled to require Party A repairing the Leased Units, and the public facilities and equipment, and repair such based on the original standards by itself if Party A fails to perform the obligation of repairing timely and affects the normal use of such. All the expenses thus incurred shall be borne by Party A. The equipment newly added or improved by Party B shall be repaired by Party B.

  • Rights and Obligations of Party A 0. Xxxxx A has the right to require Party B to keep in confidence relevant financial information and trade secrets relating to production and operation of Party A unless otherwise provided by laws and regulations. 2. Party A shall provide relevant financial information and information relating to production and operation as required by Party B and shall be responsible for the authenticity, integrity and validity of such information. 3. Party A undertakes that all settlements and deposits relating to the Loan shall be conducted through its accounts opened with Party B or Party B’s relevant branch. 4. Party A shall assist in and accept Party B’s inspection and supervision of its production, operation, financial activities and utilization of the Loan. 5. Party A shall utilize the Loan for the purpose as provided for hereunder. 6. Party A shall punctually repay the principal and interest in accordance with this Contract. 7. Party A or its investors shall not transfer any funds or assets in order to evade the indebtedness owed to Party B. 8. Party A shall give Party B a prior written notice for Party B’s consent if Party A intends to provide security for any third party during the term of this Contract and such security may affect Party A’s ability to make repayment under this Contract. 9. Party A shall promptly arrange for new security(ies) satisfactory to Party B where the Guarantor in respect of this Contract ceases or suspends production; its corporate registration is canceled, or business license revoked; it is bankrupt or dissolved; it is operating at a loss; or any other negative change has occurred, and such aforementioned incidents result in loss or partial loss of the Guarantor’s ability to secure the Loan, or where the mortgaged or pledged property(ies) for securing the Loan depreciate(s) or is (are) damaged or destroyed. 10. Party A shall promptly inform Party B of any relevant changes during the term of this Contract, including without limitation its business name, legal representative (or chief officer), registered office, business purpose or registered capital. 11. Where Party A intends to carry out activity(ies) during the term of this Contract which may have an impact on the realization of Party B’s rights hereunder, Party A shall give Party B a [30] banking days prior written notice for its consent to such intended activity(ies) and shall further take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security in accordance with Party B’s instructions. The aforementioned activities shall include without limitation contracting, leasing, transformation to a stock company, forming an economic association with another enterprise, consolidation, merger, division, setting up a joint venture, application for suspension of production or for winding up or for bankruptcy. 12. Party A shall promptly inform Party B in writing, take sufficient measures to safeguard the repayment of the indebtedness under this Contract and arrange for security(ies) in accordance with Party B’s instructions if there has occurred to Party A incident(s) during the term of this Contract that may have substantially negative effects on Party B’s performance of its obligations hereunder. The aforementioned incidents shall include without limitation the following: Party A ceases or suspends production; its corporate registration is canceled, or business license revoked; its legal representative or high-ranking officers are involved in illegal activities; it is involved in litigation with a major impact; great difficulties arise in respect to its production or operation; or its financial standing deteriorates. 13. Party A shall bear all fees and expenses in connection with this Contract and the security(ies) for this Contract including without limitation fees and expenses in respect to legal services, insurance, evaluation, registration, storage, authentication and notarization.

  • Rights and Obligations of Both Parties 7.1 Party A shall have the following rights and obligations: § to draw down and use the Loan according to this Contract; § if Party A repays the Loan before maturity date, it shall obtain prior written consent from Party B and shall compensate Party B against the losses for expected income and relevant expenses; § to bear all expenses incurred under this Contract; § it shall notify Party B at least 30 days in advance of any activities that would have a negative impact upon Party B’s ability to realize its rights such as joint operation, merger, restructuring, sale of material asset, etc. and obtain Party B’s written consent, otherwise, Party A is not allowed to carry out the afore mentioned activity before repayment of the Loan; § to notify Party B of any changes like location, contact address, business scope, legal representative and other commercial register items within 7 days after these changes; § it shall notify Party B immediately the occurrence of any event that will affect its normal operation or solvency under this contract, such as (but not restrain to) severe economic dispute, bankruptcy, financial deterioration etc; § In case of it winding up, dissolution, suspension of operation, revoke of business license, Party A should notify Party B of such events within 5 days after their occurrence and undertake to repay the principal and interest immediately. § Others as agreed. 7.2 Party B shall have the following rights and obligations: § to require Party A to provide all materials related to the Loan; § to deduct the principal, interest, compound interest, penalty interest and other due expenses relating to the Loan under this Contract directly from Party B’s account in accordance with the provisions of this Contract or relevant law; § in case of Party A’s evasion of Party B’s monitoring, default in payment for due principal or interest and other severe breach of the Contract, Party B is entitled to impose credit penalty against Party A, notify relevant departments or entities of such breach and put up payment demand notice on public media; § to provide loan to Party A in time according to the provisions of the Contract (except for the delays due to Party A’s reason); § to keep confidential of the information and materials provided by Party A..

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

  • Independent Nature of Rights and Obligations Nothing contained herein, and no action taken by any party pursuant hereto, shall be deemed to constitute Investor and the Sponsor as, and the Sponsor acknowledges that Investor and the Sponsor do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Investor and the Sponsor are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement or any matters, and the Sponsor acknowledges that Investor and the Sponsor are not acting in concert or as a group, and the Sponsor shall not assert any such claim, with respect to such obligations or the transactions contemplated by this Agreement.

  • Parties' Rights and Obligations If during the Term there is any Condemnation of all or any part of the Leased Property or any interest in this Lease, the rights and obligations of Lessor and Lessee shall be determined by this Article 15.

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