Examples of Designating Partners in a sentence
If the Partnership Governance Committee has not agreed upon and approved an updated Strategic Plan, as contemplated by Sections 6.7 and Section 8.1, by such date as is 12 months after the beginning of the first fiscal year that would have been covered by such plan, then the Designating Partners shall submit their disagreements to non-binding mediation by a Neutral.
Projected Cash Requirements shall be calculated consistent with the most recently approved Strategic Plan, except to the extent the Executive Officers of the Partnership determine that changes in the financial condition, results of operations, assets, business or prospects of the Partnership make a change advisable, in which case the Partnership shall advise the Designating Partners promptly regarding the basis for the change.
In the 1830’s headmasters such as Arnold, at Rugby, began to reform schools, making pupils more disciplined and making senior pupils use games as a way of exercising responsible authority on behalf of the staff.
Each Auxiliary Committee shall (i) operate under the specific authority delegated to it by the Partnership Governance Committee (consistent with Section 6.7) for the purpose of assisting the Partnership Governance Committee in managing (on behalf of the Designating Partners) the business, property and affairs of the Partnership and (ii) report to the Partnership Governance Committee.
If the Designating Partners are unable to agree or there are any disputes over Fault and reimbursement under this Section, such matters shall be resolved pursuant to the Dispute Procedures.
Within 20 days of selection of the Neutral, two persons having decision-making authority on behalf of each Designating Partner shall meet with the Neutral and agree upon procedures and a schedule for attempting to resolve the differences between the Designating Partners.
The fees of the Neutral shall be paid equally by the Designating Partners.
If either of the two lowest appraised values are lower than 90% of the highest appraised Value, then the Designating Partners shall jointly appoint a Neutral within 20 days of the delivery of both such appraisals.
If the Designating Partners are unable to agree within 20 days of the first written notice from one Designating Partner to the other proposing an amount to be the Fair Market Value (the “Notice”), then if requested by any Designating Partner, either Designating Partner shall (at its own cost) cause an independent, qualified appraiser to deliver a written appraisal of its determination of the Fair Market Value within 50 days of the Notice.
In either case, the following shall apply to the determination of Fair Market Value: The Designating Partners shall first attempt to agree on such value, which if agreed to shall be the Fair Market Value.