The Lead Partner Sample Clauses

The Lead Partner clause designates one party as the primary representative or coordinator in a joint venture or partnership arrangement. This clause typically outlines the responsibilities and authority of the Lead Partner, such as managing day-to-day operations, communicating with third parties, or making executive decisions on behalf of the group. By clearly identifying a single point of leadership, the clause streamlines decision-making and ensures accountability, helping to prevent confusion or disputes among partners regarding roles and responsibilities.
The Lead Partner. 4.1 The LP agrees to the following duties and obligations: a. To take responsibility for the project with respect to the MA and the Certification Authority (hereafter CA) and their sole contact; b. To coordinate the other signatory partners to this Agreement and take full responsibility for coordinating project implementation as described in the consolidated application form; c. To inform all project partners of any communication with the MA/JS, including the outcome of the project assessment and the decisions of the Interreg MED Programme Monitoring Committee; d. To ensure the organisation of the first project steering committee meeting within two months after the official project start-up date. At this occasion, the steering committee internal rules must be adopted and the minutes of the meeting validated in a session or by written procedure, have to be sent to the Programme Joint Secretariat (hereafter JS) within one month, confirming the start of activities as indicated in the consolidated application form. e. To nominate a coordinator to take operational responsibility for the entire project implementation, a financial manager (if the functions are separate) and a contact person for communication between the project and the horizontal project (the latter applicable to modular projects only); f. To undertake and implement the project in line with the descriptions of each of its work packages described in the consolidated application form; g. To manage the funds and check that they are used correctly; h. As soon as the project starts, to duly inform the partners on the contents of the Subsidy Contract, the certification and reimbursement procedure and the Programme rules concerning them, especially the eligibility of expenditure, compliance with public procurement regulations, communication measures and the certification timetable, as soon as possible; i. To pre-check that the activities foreseen in the operation do not conflict with the relevant European and national policies and legislation in all countries involved and that any authorisations required for their implementation have been obtained; j. To review the expenses submitted by each partner and check whether they relate to the partner's participation in the project as provided for in the consolidated application form and verify that the first level controls are conducted in accordance with the national FLC system requirements for each partner; k. To draw up and submit payment claims to the MA/J...
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The Lead Partner. 33.1.1 shall not, and shall procure that its staff, agents, consultants and sub- contractors shall not, in connection with this Agreement, commit a Prohibited Act; 33.1.2 shall not engage in any activity, practice or conduct which would constitute an offence under sections 1, 2 or 6 of the Bribery Act 2010 if such activity, practice or conduct has been carried out in the UK; 33.1.3 shall comply with the GHP's anti-bribery policies, as updated from time to time and notified to the Lead Partner; 33.1.4 shall have and shall maintain throughout the term of this Agreement its own policies and procedures, including adequate procedures under the Bribery Act 2010, to ensure compliance with paragraph 33; 33.1.5 shall promptly report to GHP any request or demand for any undue financial or other advantage of any kind received by the Lead Partner in connection with the Funded Activities;‌ 33.1.6 shall immediately notify GHP in writing if a foreign public official becomes an officer or employee of the Lead Partner or acquires a direct or indirect interest in the Lead Partner, and the Lead Partner warrants that it has no foreign public officials as officers, employees or direct or indirect owners at the date of this Agreement; 33.1.7 shall, if requested, provide GHP with any reasonable assistance, at the GHP’s reasonable cost, to enable GHP to perform any activity required by any relevant government or agency in any relevant jurisdiction for the purpose of compliance with the Bribery Act; 33.1.8 within one (1) month of the Commencement Date, and annually thereafter, certify to GHP in writing (such certification to be signed by an officer of the Lead Partner) compliance with this paragraph 33 by the Lead Partner and all persons associated with it or other persons who are supplying goods or services in connection with this Agreement. The Lead Partner shall provide such supporting evidence of compliance as GHP may reasonably request.
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Related to The Lead Partner

  • General Partner The name and address of the general partner of the Partnership is Outback Steakhouse of Florida, Inc., ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇.

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Interest of Departing Partner and Successor General Partner (a) In the event of (i) withdrawal of the General Partner under circumstances where such withdrawal does not violate this Agreement or (ii) removal of the General Partner by the holders of Outstanding Units under circumstances where Cause does not exist, if the successor General Partner is elected in accordance with the terms of Section 11.1 or Section 11.2, the Departing Partner shall have the option, exercisable prior to the effective date of the departure of such Departing Partner, to require its successor to purchase its General Partner Interest (represented by General Partners Units) and its general partner interest (or equivalent interest), if any, in the other Group Members and all of its Incentive Distribution Rights (collectively, the “Combined Interest”) in exchange for an amount in cash equal to the fair market value of such Combined Interest, such amount to be determined and payable as of the effective date of its departure. If the General Partner is removed by the Unitholders under circumstances where Cause exists or if the General Partner withdraws under circumstances where such withdrawal violates this Agreement, and if a successor General Partner is elected in accordance with the terms of Section 11.1 or Section 11.2 (or if the business of the Partnership is continued pursuant to Section 12.2 and the successor General Partner is not the former General Partner), such successor shall have the option, exercisable prior to the effective date of the departure of such Departing Partner (or, in the event the business of the Partnership is continued, prior to the date the business of the Partnership is continued), to purchase the Combined Interest for such fair market value of such Combined Interest of the Departing Partner. In either event, the Departing Partner shall be entitled to receive all reimbursements due such Departing Partner pursuant to Section 7.4, including any employee-related liabilities (including severance liabilities), incurred in connection with the termination of any employees employed by the Departing Partner or its Affiliates (other than any Group Member) for the benefit of the Partnership or the other Group Members. For purposes of this Section 11.3(a), the fair market value of the Departing Partner’s Combined Interest shall be determined by agreement between the Departing Partner and its successor or, failing agreement within 30 days after the effective date of such Departing Partner’s departure, by an independent investment banking firm or other independent expert selected by the Departing Partner and its successor, which, in turn, may rely on other experts, and the determination of which shall be conclusive as to such matter. If such parties cannot agree upon one independent investment banking firm or other independent expert within 45 days after the effective date of such departure, then the Departing Partner shall designate an independent investment banking firm or other independent expert, the Departing Partner’s successor shall designate an independent investment banking firm or other independent expert, and such firms or experts shall mutually select a third independent investment banking firm or independent expert, which third independent investment banking firm or other independent expert shall determine the fair market value of the Combined Interest of the Departing Partner. In making its determination, such third independent investment banking firm or other independent expert may consider the then current trading price of Units on any National Securities Exchange on which Units are then listed or admitted to trading, the value of the Partnership’s assets, the rights and obligations of the Departing Partner and other factors it may deem relevant. (b) If the Combined Interest is not purchased in the manner set forth in Section 11.3(a), the Departing Partner (or its transferee) shall become a Limited Partner and its Combined Interest shall be converted into Common Units pursuant to a valuation made by an investment banking firm or other independent expert selected pursuant to Section 11.3(a), without reduction in such Partnership Interest (but subject to proportionate dilution by reason of the admission of its successor). Any successor General Partner shall indemnify the Departing Partner (or its transferee) as to all debts and liabilities of the Partnership arising on or after the date on which the Departing Partner (or its transferee) becomes a Limited Partner. For purposes of this Agreement, conversion of the Combined Interest of the Departing Partner to Common Units will be characterized as if the Departing Partner (or its transferee) contributed its Combined Interest to the Partnership in exchange for the newly issued Common Units. (c) If a successor General Partner is elected in accordance with the terms of Section 11.1 or Section 11.2 (or if the business of the Partnership is continued pursuant to Section 12.2 and the successor General Partner is not the former General Partner) and the option described in Section 11.3(a) is not exercised by the party entitled to do so, the successor General Partner shall, at the effective date of its admission to the Partnership, contribute to the Partnership cash in the amount equal to the product of the Percentage Interest of the Departing Partner and the Net Agreed Value of the Partnership’s assets on such date. In such event, such successor General Partner shall, subject to the following sentence, be entitled to its Percentage Interest of all Partnership allocations and distributions to which the Departing Partner was entitled. In addition, the successor General Partner shall cause this Agreement to be amended to reflect that, from and after the date of such successor General Partner’s admission, the successor General Partner’s interest in all Partnership distributions and allocations shall be its Percentage Interest.

  • Professional Development Fund Article 20

  • New Partners No person shall be admitted as a Partner of the Partnership except with the consent of all the Partners who shall determine the terms and conditions upon which such admission is to be effective.