The Partnership. (a) The Partnership is a limited partnership duly formed, validly existing and in good standing under the laws of the Commonwealth of Pennsylvania and has all requisite powers necessary to carry on its business as now conducted, to own, lease and operate its properties.
(b) Neither the execution, delivery, or performance by the Contributors of this Agreement, nor the consummation of the transactions contemplated hereby, nor compliance by the Contributors with any of the provisions hereof, will:
(i) violate, conflict with, result in a breach of any provision of, constitute a default (or an event that, with notice or lapse of time or both, would constitute a default) under, result in the termination of, accelerate the performance required by, or result in a right of termination or acceleration, or the creation of any lien, security interest, charge, or encumbrance upon any of the properties or assets of the Partnership, under any of the terms, conditions, or provisions of, their articles of incorporation or bylaws, or any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other instrument or obligation to which the Partnership is a party, or by which the Partnership may be bound, or to which the Partnership or its properties or assets may be subject; or
(ii) violate any judgment, ruling, order, writ, injunction, decree, statute, rule, or regulation applicable to the Partnership or any of the Partnership's properties or assets.
(c) Except for the Contributors, no party has any interest in the Partnership or the right or option to acquire any interest in the Partnership or the property or any portion thereof. The Partnership has no subsidiaries and does not directly or indirectly own any securities of or interest in any other entity, including, without limitation, any partnership or joint venture.
The Partnership. The Partnership has been duly formed and is validly existing in good standing as a limited partnership under the law of the Republic of The Xxxxxxxx Islands, and has the limited partnership power and authority to own or lease its properties and to conduct its business, in each case in all material respects as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus.
The Partnership. The Partnership is duly organized and validly existing and in good standing under the laws of the State of Texas, with full power and authority to conduct the business in which it will be engaged, as described in the Prospectus.
The Partnership. 4.1.1 The Partnership was formed in September 1991.
4.1.2 The Partnership membership, terms of reference, structure and operation is set out in Schedule 1.
The Partnership. Upon its formation, the Partnership will be duly organized and validly existing and in good standing under the laws of the State of Nevada with full power and authority to conduct the business in which it will be engaged as described in the Prospectus.
The Partnership. 11 2.1 Organization.......................................................................11 2.2 Partnership Name...................................................................11 2.3 Purpose............................................................................12 2.4 Principal Place of Business........................................................12 2.5 Term...............................................................................12 2.6
The Partnership. 3.1 The ERDF and the IPA partners, if applicable, appoint commonly University of Patras - Department of Civil Engineering as only Lead Partner and as the main responsible for the project.
3.2 A project steering committee must be formed in which all the partners are represented. It approves its internal rules of procedure at its first meeting. These include its own decision-making procedures which are validated by all partners. The obligatory tasks of the said Committee are set out in the Programme Manual.
3.3 Each project partner, including the LP, agree to the following duties and obligations:
a. To carry out the part of the project activities for which it is responsible for within the planned deadlines;
b. To Introduce a separate accounting system for identifying expenses using a specific project accounting code to record the expenses;
c. To notify the receipt of funds;
d. In accordance with Article 140 of Regulation (EU) No. 1303/2013 and the procedures mapped out in the Programme's audit trail, to keep at all times for audit purposes, on customary data storage carriers, all the financial, legal and commercial documents relating to the life of the project and all supporting documents relating to the expenses incurred for the part of the project for which the partner is responsible, in a safe and orderly manner until 31 December 2028 or longer if required by the country's legislation. These documents should either be originals, or certified true copies of the originals, or on commonly accepted data carriers;
e. To provide all the documents and information required for the audit and allowing access to premises for checks;
f. To provide the evaluators mandated to undertake the Programme assessment with any document or information useful in this assessment;
g. To contribute to the smooth implementation of the communication and capitalisation activities of the horizontal project to which it is attached, as per the procedures set out in the Programme Manual and the relevant terms of reference (only applicable to modular projects);
h. To comply with all the rules and obligations set out in the Subsidy Contract and in the partner declaration signed by every party ;
i. To ensure that there are no clear violations of the community and national regulations committed, especially in State aid and public procurement issues;
j. To ensure that the activities implemented by its structure do not conflict with the European and national policies and legislation and that an...
The Partnership. The Partnership hereby agrees to use its commercially reasonable efforts to reduce, and eventually eliminate, the need for trade credit support from Xxxx Xxxxxxx.
The Partnership. 2.1 In exercise of their powers under sections 101(5) and 102 of the 1972 Act, sections 19 and 20 of the Local Government Xxx 0000, and all other enabling powers, the Partner Authorities agree to establish and participate in the Shared Services to be delivered through a Joint Committee which shall be constituted and conduct its business in accordance with this Agreement, including the constitution set out in Schedule 1 with effect from the Commencement Date.
2.2 The Partner Authorities shall each delegate and empower the Joint Committee to discharge on its behalf the Agreed Functions as set out in Schedule 2 and empowers the Joint Committee to arrange for the discharge of the Agreed Functions or any part or parts of them by any sub-committee or by any officer of the Partner Authorities so appointed and section 101(2) of the 1972 Act shall apply in relation to the Agreed Functions of the Partnership as it applies in relation to the functions of the Partner Authorities.
The Partnership. 3.1 The ERDF and the IPA partners, if applicable, appoint commonly University of Rijeka, Faculty of Maritime studies as only Lead Partner and as the main responsible for the project.
3.2 A project steering committee must be formed in which all the partners are represented. It approves its internal rules of procedure at its first meeting. These include its own decision-making procedures which are validated by all partners. The obligatory tasks of the said Committee are set out in the Programme Manual.
3.3 Each project partner, including the LP, agree to the following duties and obligations:
a. To carry out the part of the project activities for which it is responsible for within the planned deadlines;
b. To Introduce a separate accounting system for identifying expenses using a specific project accounting code to record the expenses;
c. To notify the receipt of funds;
d. In accordance with Article 140 of Regulation (EU) No. 1303/2013 and the procedures mapped out in the Programme's audit trail, to keep at all times for audit purposes, on customary data storage carriers, all the financial, legal and commercial documents relating to the life of the project and all supporting documents relating to the expenses incurred for the part of the project for which the partner is responsible, in a safe and orderly manner until 31 December 2028 or longer if required by the country's legislation. These documents should either be originals, or certified true copies of the originals, or on commonly accepted data carriers;
e. To provide all the documents and information required for the audit and allowing access to premises for checks;
f. To provide the evaluators mandated to undertake the Programme assessment with any document or information useful in this assessment;
g. To contribute to the smooth implementation of the communication and capitalisation activities of the horizontal project to which it is attached, as per the procedures set out in the Programme Manual and the relevant terms of reference (only applicable to modular projects);
h. To comply with all the rules and obligations set out in the Subsidy Contract and in the partner declaration signed by every party ;
i. To ensure that there are no clear violations of the community and national regulations committed, especially in State aid and public procurement issues;
j. To ensure that the activities implemented by its structure do not conflict with the European and national policies and legislation and that any eve...
