The Management Company. The Board of Managers shall, on behalf of the Company, retain the Management Company to provide various management, administrative and other services to the Company pursuant to the terms of the Management Agreement. The Members acknowledge and agree that, so long as the Management Agreement (or a successor agreement) is in effect, the Board of Managers shall delegate the authority to make such management, administrative and other decisions to the Management Company. Notwithstanding anything herein to the contrary, so long as the Management Agreement (or a successor agreement) is in effect, the Board of Managers shall have no responsibility for making any management or administrative decisions on behalf of the Company that have been so delegated to the Management Company, but shall be responsible for monitoring the performance of the Management Company in accordance with the Management Agreement.
The Management Company. The Management Company assumes and shall pay the expense for maintaining the staff and personnel necessary to perform its obligations under this Agreement and shall at its own expense, provide the Trust with office space, facilities, equipment and personnel necessary to carry out its obligations hereunder. The Management Company will bear the administrative and service expenses associated with the management services it is to provide for the Investments of the Trust pursuant to the terms of this Agreement.
The Management Company. The Board of Managers shall, on behalf of the Master Fund, retain the Management Company to provide various management, administrative and other services to the Master Fund pursuant to the terms of the Management Agreement. The Members acknowledge and agree that, so long as the Management Agreement (or a successor agreement) is in effect, the Board of Managers shall delegate the authority to make such management, administrative and other decisions to the Management Company. Notwithstanding anything herein to the contrary, so long as the Management Agreement (or a successor agreement) is in effect, the Board of Managers shall have no responsibility for making any management or administrative decisions on behalf of the Master Fund that have been so delegated to the Management Company, but shall be responsible for monitoring the performance of the Management Company in accordance with the Management Agreement.
The Management Company. Except as would not have a Material Adverse Effect, the Management Company will, on the Initial Closing Date, own or lease or have the legal right to use all such properties, assets and rights as are necessary in the conduct of its business as currently conducted. The Management Company's assets are maintained in accordance with business practices generally accepted in the industry, and are in all material respects in good operating condition and repair, ordinary wear and tear excepted, and are suitable for the purposes for which they are used.
The Management Company. The Fund is managed by Mediobanca Management Company S.A. (the “Management Company") established in Luxembourg for an unlimited period of time as a société anonyme (public limited company) incorporated under Luxembourg law on 15 May 2008. The registered office of the Management Company is at 0, Xxxxxxxxx xx xx Xxxxx, X-0000 Xxxxxxxxxx, Grand Duchy of Luxembourg. The Management Company is vested with the widest powers to carry out all administrative and managerial actions relating to the Fund for the account and in the exclusive interest of the Unit Holders. To that end, it acts in its own name, whilst indicating that it is acting on behalf of the Fund and for the account of one or several Sub-Funds, as the case may be. The administration of its own assets is only of ancillary nature.
The Management Company. SICOS SECURITIES is the Management Company of the Fund and this Compartment. The Management Company has been incorporated for an unlimited duration in the form of a private limited liability company (“société à responsablité limitée”) under the laws of the Grand Duchy of Luxembourg and has its registered office in Luxembourg City. The object of the Management Company is to manage securitisation funds and other investment vehicles. The Management Company is vested with all the powers to manage the assets and, as the case may be, the liabilities of each Compartment for the account of the Noteholders, within the limits of Article 4 below and the risks disclosure as set-out in the Offering Documents. The Management Company must perform its duties in an independent manner and in the sole interest of the relevant Compartment(s) and the Noteholders. It may not use the assets of the Fund or the Compartments for its own needs and it is liable towards the Noteholders and third parties for the proper performance of its duties. As compensation for its management activities, the Management Company charges a management fee as set out in the Offering Documents. The Management Company can be dismissed in accordance with article 18 of the Securitisation Law. The Management Company shall cease to be the Management Company of the Fund only upon a new Management Company has been appointed.
The Management Company. 20.1 The Tenant hereby agrees that the Renter may replace the management company of the Leasehold, from time to time, at the Renter's sole discretion, provided that this shall not change any of the Tenant's rights pursuant to the Management Agreement and/or impose on the Tenant additional undertakings or increase the agreed upon Rent.
20.2 The parties agree that the Airport City Management Agreement is the agreement attached to this agreement which is the standard management agreement applying to all tenants in Airport City.
20.3 The parties agree that the management agreements with the management company which bind the parties are the standard management agreements applying to all the Renter's tenants.
The Management Company on behalf of the Fund shall not at any time roll over the investments, if in the opinion of the Trustee, the Fund would not be able to issue payment instrument(s) for redemption money to the Unit Holder(s) within time period stipulated in the Regulations."
(ix) After the existing sub-clause 10.4.11 (replaced as above) the following new sub-clauses 10.4.12 and 10.4.13 be and are hereby incorporated as follows:-
The Management Company shall prepare an annual report, together with a copy of the balance sheet, income statement, cash flow statements, statement of movement in unit holders’ or certificate holders’ fund, expenditure account and the Auditor’s report of the Scheme to the Trustee, the Unit Holder(s),the Commission and Stock Exchange and shall comply with the requirements set out in the Regulations”The Management Company shall prepare and transmit (physically or through electronic means or on the web subject to SECP approval) an annual report, together with a copy of the balance sheet, income and expenditure account and the Auditor’s report of the Scheme to the Trustee and the Unit Holder(s) within four months of the closing of the accounting date and balance sheet and income and expenditure accounts shall comply with the requirements set out in the Rules. 1
The Management Company. The Lessor is registered at the Land Registry as proprietor with title absolute of the freehold of the Development under title number XXX000000 and it is intended that the Management Company will be granted the Estate Lease so as to become the person for the time being entitled to the reversion immediately expectant on the term hereby created
