Examples of Provisional Charter in a sentence
In the event that the Extension Application is not approved, then the parties to the Charter Agreement shall fulfill their respective obligations hereunder to the end of the term of the Provisional Charter, and the Education Corporation shall follow the procedures for dissolution as set forth in Education Law § 2851(2)(t) as supplemented by section 8.9 of this Charter Agreement.
In the event the Provisional Charter term does not correspond to the school’s renewal period, and the Provisional Charter would expire prior to the expiration of the school’s renewal term, the Trustees will, upon application, so extend the charter term unless there is cause to revoke or terminate the Charter at that time pursuant to the Act or this Charter Agreement.
The fiscal year of the Education Corporation shall begin on July 1 of each calendar year of the term of the Provisional Charter and shall end on June 30 of the subsequent calendar year.
Nothing contained herein shall require the Trustees to undertake the development of a Corrective Plan or be in derogation of the Trustees’ or the Regents’ ability to revoke the Provisional Charter, terminate the authority to operate a school, site or program, place the Education Corporation on probationary status, or initiate mandatory remedial action in accordance with the Act and sections 8.6 and 8.7 of the Charter Agreement.
Upon receipt of a Provisional Charter from the President of the Region, the Provisional Local Club may collect Local Club and International dues in the same manner as chartered Local Clubs pending the issuance of a Local Club Charter by the International Board of Trustees.
To permit the Trustees to fulfill their oversight function under the Act and ensure that the Education Corporation and each of its schools is in compliance with all applicable laws, rules and regulations and the terms and conditions of this Charter Agreement and the Provisional Charter, the Education Corporation agrees to abide by the Monitoring Plan that the Institute will implement for the Education Corporation and each school as applicable, the requirements of which are set forth at Exhibit B.
Where a provision of the Charter Agreement conflicts with the Provisional Charter, the terms of the Provisional Charter shall govern.
Its Provisional Charter was issued by the Board of Regents on June 23, 1908; its Absolute Charter was granted on April 18, 1941 and amended on October 22, 2013.
The education corporation’s Provisional Charter (certificate of incorporation from the New York State Board of Regents (the “Board of Regents”)) shows the initial members of the board of trustees (“trustees”) as those persons listed in the Charter Application.
In addition, the collective success of the Education Corporation’s schools in meeting such goals and measures shall be a criterion to be evaluated by the Trustees upon the Education Corporation’s application for extension of its Provisional Charter pursuant to Education Law § 2851(4) (legal renewal).