Sole Operator Sample Clauses

Sole Operator. Marriott warrants and represents that it is the operator or management company of the Hotels, that it has full legal power and authority to enter into this Agreement and to perform all of its obligations hereunder, including, without limitation, the power and authority to bind the Hotels to the terms hereof and to cause each Hotel to comply herewith, and that the execution of this Agreement is within Marriott’s as operator or management company of the Hotel. Marriott further warrants and represents that all necessary corporate action has been taken to authorize Marriott to enter into this Agreement and perform all of its obligations hereunder and further warrants and represents that this Agreement has been duly executed and delivered by it and constitutes a valid, legal and binding obligation of Marriott and the Hotels, jointly and severally, enforceable in accordance with its terms.
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Sole Operator. Del Toro shall be the manager of the joint endeavor memorialized herein, and, as such, shall promptly hereafter form a single purpose entity (“SPE”) that, subject to tax counsel’s guidance and direction, is presently to be a California limited liability company, in which Del Toro and Xxxxxxxx shall be the only equity holders (with the stake of each equaling its Participating Interest (as defined below)). The SPE shall act as the sole and exclusive operator entitled to exercise, operate, administer and manage the Permitted Uses during the Term, and nothing more. Subject to Section 7.2, the other provisions herein, and applicable law, Del Toro shall have full, exclusive and complete discretion, power and authority to manage, control, administer and operate the SPE’s business and affairs on the Claims for the Permitted Uses, and to make all decisions affecting such business and affairs.

Related to Sole Operator

  • Operator The Optionee shall be the operator for purposes of developing and executing exploration programs.

  • Property Manager Any entity that has been retained to perform and carry out property rental, leasing, operation and management services at one or more of the Properties, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property.

  • Co-operation The Custodian shall cooperate with and supply necessary information to the entity or entities appointed by the Trust to keep the books of account of the Fund and/or compute the value of the assets of the Fund. The Custodian shall take all such reasonable actions as the Trust may from time to time request to enable the Trust to obtain, from year to year, favorable opinions from the Trust's independent accountants with respect to the Custodian's activities hereunder in connection with (a) the preparation of the Trust's reports on Form N-1A and Form N-SAR and any other reports required by the Securities and Exchange Commission, and (b) the fulfillment by the Trust of any other requirements of the Securities and Exchange Commission.

  • PRODUCER S DELIVERY AND IID ACCEPTANCE OF ENERGY FROM PLANT ----------------------------------------------------------- Whenever electric output from the Plant exceeds Producer's power requirements, Producer shall deliver all such excess output to IID for delivery to SCE and IID shall accept such output for delivery to SCE and deliver such output to SCE pursuant to a transmission service agreement to be entered into between Producer and IID.

  • Manager 5.1. Rules relating to the rights, duties and responsibilities of the Managers shall be governed by the Act. Such provisions are hereinafter incorporated into this Agreement by reference. Without limiting the generality of the foregoing, the Manager shall have the powers set forth in Paragraph 5.3 below.

  • HORIZONR Gateway HORIZONR Gateway provides customers with the ability to (i) generate reports using information maintained on the Multicurrency HORIZONR Accounting System which may be viewed or printed at the customer’s location; (ii) extract and download data from the Multicurrency HORIZONR Accounting System; and (iii) access previous day and historical data. The following information which may be accessed for these purposes: 1) holdings; 2) holdings pricing; 3) transactions, 4) open trades; 5) income; 6) general ledger and 7) cash.

  • Operating Partnership Operating Partnership shall have the meaning set forth in the preamble of this Agreement.

  • Franchisee A “franchisee” is a retailer or distributor who is authorized or permitted, under a franchise, to use a trademark in connection with the sale, consignment, or distribution of motor fuel.

  • Standard Tenant Services Landlord shall provide the following services on all days (unless otherwise stated below) during the Lease Term.

  • Ownership of the Operating Company The Partnership owns, and at each Date of Delivery will own, all of the issued and outstanding membership interests of the Operating Company; such membership interests have been duly authorized and validly issued in accordance with the limited liability company agreement of the Operating Company (the “Operating Company LLC Agreement”) and are fully paid (to the extent required by the Operating Company LLC Agreement) and nonassessable (except as such nonassessability may be affected by matters described in Section 51 of the Xxxxxxxx Islands LLC Act); and the Partnership owns such membership interests free and clear of all Liens other than those Liens arising under the Partnership’s revolving credit facility, as amended, with a capacity of up to $295.0 million (the “Credit Facility”). As of the date of this Agreement, the only subsidiaries of the Partnership are, and at each Date of Delivery, the only subsidiaries of the Partnership will be, the Operating Company and the Operating Subsidiaries.

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