Examples of CI General Partner in a sentence
The contents of the Offer and the Circular have been approved and the sending thereof to the Shareholders has been authorized by the Board of Trustees and the board of directors of CI General Partner, in its capacity as the general partner of CI Public Partnership.
The undersigned covenants, agrees and undertakes to immediately notify CI General Partner if the undersigned becomes an Excluded Person (and hereby acknowledges that the Exchangeable LP Units will not be exchangeable under any circumstances prior to January 1, 2007, except with the consent of the board of directors of CI General Partner).
The undersigned agrees to be bound by any representations or actions made or taken by CI General Partner pursuant to this power of attorney and thereby waives any and all defences which may be available to contest, negate or disaffirm the action of CI General Partner taken in good faith under this power of attorney.
The Board has not developed a written position description for the Chief Executive Officer of CI General Partner and is of the view that there is no present need for a specific written mandate for the role of the Chief Executive Officer.
CI General Partner is the general partner of CI Public Partnership, a limited partnership which owns 100% of CI Investments.
However, neither CI General Partner nor CI Public Partnership will be responsible for the proper completion or filing of any tax election and the Electing Shareholders will be solely responsible for the payment of any taxes, interest, expenses, damages or late filing penalties resulting from the failure to properly complete or file a tax election in the form or manner and within the time prescribed by applicable tax legislation.
This power of attorney shall continue in respect of CI General Partner so long as it is the general partner of CI Public Partnership, and shall terminate thereafter, but shall continue in respect of a new general partner as if the new general partner were the original attorney.
Accordingly, CI Public Partnership, CI General Partner, the Fund, the Corporation and the Depositary will not be responsible or liable for taxes, interest, penalties, damages or expenses resulting from the failure of a Shareholder to properly complete any election or properly file it within the time prescribed and in the form prescribed under the Tax Act (or the corresponding provisions of any applicable provincial or territorial tax legislation).
The description of the rights available to CI Public Partnership and CI General Partner upon a contravention of the foregoing restrictions is not complete and reference should be made to the complete text of the Partnership Agreement.
The undersigned hereby acknowledges its understanding that CI Public Partnership’s limited partnership agreement (the “Partnership Agreement”) provides CI Public Partnership and CI General Partner with certain rights that may result in adverse consequences to the undersigned in the event that the undersigned becomes an Excluded Person.