TWO PARTICIPANT AGREEMENT Sample Clauses

TWO PARTICIPANT AGREEMENT. 37.1 If there are only two Participants the provisions of this Clause 37 shall apply. 37.2 The last two sentences in Clause 6.2 (‘If at any meeting … or casting vote’) shall be deleted. 37.3 The provisions of Clauses 7(1)(a) and 7(1)(c) above shall not apply if there are only two Participants. The quorum necessary for the transaction of the business of the OperatingCommittee will be all Members (or their alternates). All decisions and all resolutions of the Operating Committee must be passed unanimously. 37.4 Only the first sentence of Clause 8.6 shall apply. 37.5 In Clauses 10.8(a), 10.8(b)(ii)(B), and 10.9 the words ‘excluding the Members appointed by the Constructor’ shall not apply. 37.6 Clause 16.3 shall not apply and in Clause 16.4 the words ‘If, however, none of the other Participants … shall deemed to be cancelled)’ shall be deleted and replaced with ‘If, however, the other Participant does not accept the original offer in accordance with Clause 16.1’. 37.7 Clause 17.3 shall not apply; and in Clause 17.4 the words from ‘If, however, none of the Participants … shall deemed to be cancelled’ will be deleted and replaced with ‘If however the other Participant does not accept the original offer in accordance with Clause 17.1’. 37.8 In Clause 24 there will be no determination by the other Participant as to whether or not any of the events of default set out in Clauses 24.2 has occurred and this will be a question of fact and if the Participants do not agree that such an event of default has occurred the provisions of Clause 26 shall apply. If an event of default has occurred and is not rectified within fourteen (14) days or an event set out in Clause 24.1 occurs then the non‑defaulting Participant may elect to terminate this Agreement with immediate effect by written notice to the defaulting Participant. 37.9 Clause 25.5(a) shall not apply. FOR AND ON BEHALF OF ……[SIGNATORIES] [INSERT EXECUTION PARTICULARS FOR EACH PARTICIPANT]
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Related to TWO PARTICIPANT AGREEMENT

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • Participant Acceptance Participant must accept the terms and conditions of this Agreement either electronically through the electronic acceptance procedure established by the Company or through a written acceptance delivered to the Company in a form satisfactory to the Company. In no event shall any Shares be issued (or other securities or property distributed) under this Agreement in the absence of such acceptance.

  • Participant Acknowledgment The Participant hereby acknowledges receipt of a copy of the Plan. The Participant hereby acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the Restricted Stock shall be final and conclusive.

  • Participant Undertaking Participant hereby agrees to take whatever additional action and execute whatever additional documents the Corporation may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either Participant or the Purchased Shares pursuant to the provisions of this Agreement.

  • Participant Signature Ratification, Acceptance(A), Approval(AA), Accession(a)

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Participant Bound by Plan Participant hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof.

  • Participant Information My address is: My Social Security Number is:

  • Participation Agreement The Participation Agreement (Federal Express Corporation Trust No. N620FE), dated as of June 15, 1998, among the Lessee, the Owner Trustee not in its individual capacity except as otherwise expressly provided therein, but solely as owner trustee, the Owner Participant, the Indenture Trustee not in its individual capacity except as otherwise expressly provided therein, but solely as indenture trustee, the Pass Through Trustee not in its individual capacity except as otherwise expressly provided therein, but solely as pass through trustee, and the Subordination Agent not in its individual capacity except as otherwise expressly provided therein, but solely as subordination agent.

  • Sharing of Participant Information 20 7.4 REPORTING AND DISCLOSURE AND COMMUNICATIONS TO PARTICIPANTS..................................................20 7.5 NON-TERMINATION OF EMPLOYMENT; NO THIRD-PARTY BENEFICIARIES.................................................20 7.6

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