CONDITIONS OF PARTNERSHIP Clause Samples

The "Conditions of Partnership" clause defines the fundamental terms and requirements that must be met for a partnership to exist and operate. It typically outlines the criteria for becoming a partner, the obligations and rights of each party, and any prerequisites such as capital contributions or compliance with specific regulations. For example, it may specify that all partners must agree to certain rules or that the partnership only becomes effective upon signing a formal agreement. This clause ensures that all parties have a clear understanding of the expectations and requirements, thereby reducing misunderstandings and establishing a solid foundation for the partnership.
CONDITIONS OF PARTNERSHIP. The obligations of the Partnership under this Agreement to accept the Capital Contribution and admit the Subscriber as a Partner, shall be subject to the satisfaction, at or prior to the Closing Date, of each of the following conditions (any of which the General Partner on behalf of the Partnership may waive in writing in whole or any part):
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CONDITIONS OF PARTNERSHIP. By entering into this agreement, the Partner agrees to actively participate in the Resilient Communities Project partnership to the extent outlined in section 2. The Partner agrees that participation in the Resilient Communities Project is at the sole voluntary discretion of the Partner, and as such, it is in the Partner’s interest to carry out the duties outlined section 2
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CONDITIONS OF PARTNERSHIP. Partners must agree to:
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Related to CONDITIONS OF PARTNERSHIP

  • Conditions of Participation An employee must be on payroll with the County during the entire calendar year to be eligible for incentive rewards.

  • Conditions to Obligations of Parent The obligation of Parent to effect the Merger is also subject to the satisfaction, or waiver by Parent, at or prior to the Effective Time, of the following conditions:

  • Conditions to Obligations of Parent and Sub The obligations of Parent and Sub to effect the Merger are further subject to the satisfaction or waiver on or prior to the Closing Date of the following conditions:

  • Conditions of Parties Obligations 7.1 Conditions of Investor's Obligations at the Closing. The --------------------------------------------------- obligation of Investor to purchase and pay for the Investor Stock is subject to the fulfillment prior to or on the Closing Date of the following conditions, any of which may be waived in whole or in part by Investor:

  • Conditions to the Obligations of Parent and Merger Sub The obligations of Parent and Merger Sub to consummate the Merger are subject to the satisfaction or waiver (where permissible) of the following additional conditions: