Continuation and Organization Sample Clauses

The "Continuation and Organization" clause defines how an entity or agreement will persist and maintain its structure in the event of certain changes or disruptions. Typically, this clause outlines procedures for the ongoing operation of a company or contract, such as what happens if a member leaves, passes away, or if the organization undergoes restructuring. Its core practical function is to ensure stability and continuity, preventing dissolution or confusion by clearly specifying how the entity or agreement should continue to function under changing circumstances.
Continuation and Organization. 9 Section 2.1 Continuation........................................................................................................9 Section 2.2 Name...................................................................................................................9 Section 2.3 Office..................................................................................................................9 Section 2.4 Term of Partnership............................................................................................9 Section 2.5 Purpose of the Partnership................................................................................10 Section 2.6 Actions by Partnership......................................................................................10 Section 2.7 Admission of Limited Partners.........................................................................10 Section 2.8 Schedule of Partners.........................................................................................10 ARTICLE 3 CAPITAL..................................................................................................................11 Section 3.1 Contributions to Capital....................................................................................11 Section 3.2 Rights of Partners in Capital.............................................................................12 Section 3.3 Capital Accounts...............................................................................................12 Section 3.4 Allocation of Profit and Loss............................................................................13 Section 3.5 Tax Allocations.................................................................................................14 Section 3.6 Reserves; Adjustments for Certain Future Events ...........................................14 Section 3.7 Finality and Binding Effect of General Partner’s Determinations....................15 Section 3.8 AEOI.................................................................................................................15 Section 3.9 Alternative GP Vehicles....................................................................................16 ARTICLE 4 DISTRIBUTIONS.....................................................................................................17 Section 4.1 Distributions......................................................................................................17 Section 4.2 Withholding o...
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Continuation and Organization 
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Related to Continuation and Organization

  • Incorporation and Organization The Corporation has been incorporated or formed, as the case may be, is organized and is a valid and subsisting corporation or partnership, as the case may be, under the laws of its jurisdiction of existence and has all requisite corporate power and capacity to carry on its business as now conducted or proposed to be conducted and to own or lease and operate the property and assets thereof.

  • Due Incorporation and Organization The Adviser is duly organized and is in good standing under the laws of the State of Connecticut and is fully authorized to enter into this Agreement and carry out its duties and obligations hereunder.

  • Organization and Status Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold under lease and to carry on its business as now being conducted. Purchaser has made available to Seller complete and correct copies of the Organization Documents for Purchaser.

  • Corporate Organization and Good Standing The Company is a corporation ---------------------------------------- duly organized, validly existing, and in good standing under the laws of the State of Delaware and is duly qualified and in good standing in all other states where the nature of its business or operations or the ownership of its property requires such qualification.

  • Due Organization and Good Standing Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. Purchaser is qualified to transact business in each jurisdiction in which such qualification is deemed necessary.