Examples of the Community in a sentence
For the avoidance of doubt, whilst the Company shall be entitled to permit a representative to attend and make representations at Fund Management Meetings, the selection and designation of Qualifying Projects and the management and administration of the Funds shall be at the sole discretion of the Community Benefit Trust (subject to the provisions of this Agreement).
The Parties shall consult with each other on a regular basis to discuss the disbursement of the Funds and the Approved Purposes with a view to ensuring that the Funds have been properly paid by the Company and disbursed by the Community Benefit Trust and that the Approved Purposes remain a relevant and appropriate use of the Funds.
The Community Benefit Trust shall publish to the public the annual report referred to in clause 4.9 above and permit the Company to make the report available to the public The Company shall be entitled to review the accounts referred to in clause 4.10 at any reasonable time upon reasonable notice to the Community Benefit Trust Compliance with Statute The Community Benefit Trust shall administer the Funds in compliance with all relevant statutory obligations.
Funds to be held in separate account The Funds shall be held in a Designated Account and the Community Benefit Trust shall review the Designated Account [annually or more frequently if appropriate] to ensure that the funds are held at a bank or building society considered to be reasonably financially secure and in an account offering a competitive rate of interest taking into account the security of the relevant financial institution and prevailing market interest rates.
ASSIGNATION The Company shall be free at any time to assign the benefit and burden of this Agreement contemporaneously to the operator of the Wind Farm and at the date of the assignation the Community Benefit Trust shall release the Company from its obligations under this Agreement and the assignee would take on all payment responsibilities arising under this Agreement.