Business and Objectives Clause Samples
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Business and Objectives. The purpose of the Partnership is to provide employment and personnel services in connection with the ownership and operation of Freehold Raceway. The Partnership shall possess and may exercise all the powers and privileges now or hereafter granted by the Act or by any other law, together with any powers incidental thereto, so far as such powers and privileges are necessary or convenient to the conduct, promotion or attainment of the business, purposes or activities of the Partnership, including, without limitation: To enter into and perform contracts of any kind necessary to, in connection with, or incidental to, the accomplishment of the purposes of the Partnership; To acquire, construct, operate, maintain, improve, manage, buy, own, sell, convey, assign, mortgage, refinance, rent or lease any property, real or personal, in fee or under lease, or any rights therein or appurtenant thereto, necessary or appropriate for the operation of the Partnership; To borrow money from any source, including, but not limited to, any Partner or their affiliates, and to make, issue or execute any notes, drafts, loan agreements, guaranties or other evidences of indebtedness and to secure the same by mortgage, pledge, assignment or other lien in all or any part of the property of the Partnership; To negotiate for and conclude an agreement or agreements for the sale, exchange or other disposition of all or any part of the Partnership's property; To hire and compensate employees, agents, independent contractors, attorneys and accountants; To carry on any other activities necessary to, in connection with, or incidental to the foregoing, and To form and establish any subsidiaries, partnerships, or limited liability companies to be owned in whole or in part by the Partnership, and to conduct business through such subsidiaries, partnerships or limited liability companies. The Partnership shall not engage in any other business without the prior consent of the General Partner. CAPITAL
Business and Objectives. The Company shall carry on the Business. investing in and/or developing and/or managing property and/or land; acquisition of sites and site assembly; owning, managing and/or operating Developments; strategic planning of longer term investment strategy which will set out the rules, behaviour and procedures to develop an investment portfolio across different markets; securing value through planning permissions and larger scale master planning and design briefs to support site development; acting as the master developer for large- scale development(s) and regeneration schemes, including, but not limited to:
(i) the acquisition of land;
(ii) investment in infrastructure;
(iii) securing planning permission(s);
(iv) undertaking master-planning;
(v) retaining or selling packages of land for development by a wide range of providers; acting as the holding vehicle for a range of assets, including, without limitation, assets of EFDC and its subsidiaries; management of these assets including the delivery of the housing management, landlord responsibilities and fulfilling relevant regulatory requirements; providing investment and development and consultancy services to EFDC and its direct delivery programme, Investco and other Subsidiaries of EFDC; providing repairs and maintenance services to the Company and its Subsidiaries and to third parties. developing the market conditions, procurement and contracting models to drive value and support delivery; developing, refurbishing and delivering, owning and/or managing a mix of private residential tenure, including (without limitation):-
(i) private rented;
(ii) private market sale;
(iii) s.106 affordable housing in line with the planning requirements set out in the Local Plan;
(iv) shared ownership housing in line with the planning requirements set out in the Local Plan and subject to schemes being mortgageable; delivering of business and industrial developments and/or managing and operating (including where appropriate providing repairs and maintenance services for) the same , including (without limitation):
(i) business and industrial sites;
(ii) workspace investment; developing and delivery of mixed use schemes comprising, inter alia, a combination of residential and business and industrial across single sites; enabling wider commercial opportunities together with the other Key Subsidiaries (as applicable and relevant), including (without limitation) consideration of a range of development and investment propositions fr...
Business and Objectives. 1It is the intention of the Parties that at all times during the continuance of this Agreement the business of the Group shall be confined to the Group Business. For the avoidance of doubt, the Company may itself be active in the Group Business, or it may be principally a holding company of the Group, and the nature and scope of the Company's involvement (if any) in the Group Business may change from time to time.
Business and Objectives. 2.1 It is the intention of the Parties that at all times during the continuance of this Agreement the business of the Company shall be confined to the Business.
2.2 Each Shareholder undertakes to exercise its voting and any other rights attaching to the Shares and its rights pursuant to this Agreement to:
2.2.1 promote the interests of the Company in connection with the Business and procure that the Business is conducted by the Company:
(A) in accordance with the Business Plan and Budget;
(B) on sound commercial principles;
(C) in accordance with Applicable Laws and the Articles; and
(D) in a way that would be most likely to promote the success of the Company;
2.2.2 procure that the Board determines the general policy of the Company in the carrying on of the Business in accordance with the express provisions of this Agreement and of the Articles;
2.2.3 procure that the Company is operated and managed consistently with this Agreement and complies with the restrictions imposed upon it under its Articles; and
2.2.4 to procure, so far as it is able to do so, that any Director appointed by it shall act and vote in relation to the affairs of the Company (subject always to the fiduciary duties of the directors to the Company) to ensure that the Business and all the affairs of the Company are carried on in a proper manner to promote the success of the Company and in compliance with the provisions of this Agreement.
Business and Objectives. 2.1 Purpose of this Agreement and Company
(a) The Parties intend to undertake the Business in the Territory through the Company and the Subsidiaries.
(b) The Founding Shareholders intend to undertake the Business in a manner such that the Company and its Subsidiaries are able to meet the Strategic Road Map.
(c) The capital structure as well as the other corporate details of the Company as on the Effective Date are as set out in Schedule 1. The issued and paid up capital of the Company on Completion shall be held 50% by Adani and 50% by ECX.
(d) The Security Holders shall, and shall procure that their Affiliates shall, comply with the provisions of this Agreement and exercise the voting rights in respect of their respective Securities in accordance with this Agreement and, to the extent permitted by applicable Law, shall cause each of their respective nominees who is a Director to act in accordance with this Agreement, subject to compliance with their fiduciary duties and other legal obligations and duties applicable to them.
(e) The Security Holders agree that, to the fullest extent authorised by applicable Law, they shall, and shall procure that each of their Affiliates shall, cause each Subsidiary to act consistently with (i) this Agreement; and (ii) the decisions taken by the Board and Shareholders of the Company in accordance with this Agreement.
(f) The Company agrees that, to the fullest extent authorised by applicable Law, it shall, and shall procure that each Subsidiary shall, comply with the provisions of this Agreement.
Business and Objectives. 2.1 It is the intention of the Parties that at all times during the continuance of this Agreement the business of the Group shall be confined to the Business. For the avoidance of doubt, the Company may itself be active in the Business, or it may be principally a holding company of the Group, and the nature and scope of the Company's involvement (if any) in the Business may change from time to time.
2.2 Each Shareholder undertakes to exercise its voting and any other rights attaching to the Shares and its rights pursuant to this Agreement to:
2.2.1 procure that the Business is conducted by the Group:
Business and Objectives