Fund Representative Clause Samples

The 'Fund Representative' clause designates a specific individual or entity as the official point of contact and decision-maker for the fund in relation to the agreement. This representative is typically authorized to receive notices, provide approvals, and act on behalf of the fund in contractual matters. By clearly identifying who holds this authority, the clause ensures efficient communication and decision-making, while also preventing confusion or disputes about who can legally bind the fund.
Fund Representative. The Managing Member is hereby designated as the “partnership representative” of the Fund for any tax period subject to the provisions of Subchapter C of Subtitle F, Chapter 63 of the Code, as amended by the Bipartisan Budget Act of 2015, P.L. 114-74 (together with any subsequent amendments thereto, Treasury Regulations promulgated thereunder, and published administrative interpretations thereof) and if a “designated individual” (within the meaning of Treasury Regulations Section 301.6223-1(b)(3) is required to be appointed, the Managing Member shall designate the individual to serve as the designated individual (such designated individual together with the partnership representative, the “Fund Representative”). The Fund Representative shall represent the Fund in any disputes, controversies or proceedings with the U.S. Internal Revenue Service or with any state or local or non-U.S. taxing authority and is hereby authorized to take any and all actions that it is permitted to take, including making the election under Section 6226 of the Code to have the Members take tax adjustments into account on their own tax returns. The Fund shall reimburse the Fund Representative for all costs and expenses incurred by it in performing its duties as the Fund Representative (including legal and accounting fees and expenses). Nothing herein shall be construed to restrict the Fund from engaging an accounting firm or a law firm to assist the Fund Representative in discharging its duties hereunder. The Members acknowledge the proposed revenue procedure set forth in Notice 2005-43, 2005-24 I.R.B. 1 (May 20, 2005), and expressly intend that the Fund shall be enabled to make a “Safe Harbor Election” and to issue “Safe Harbor Partnership Interests” within the meaning thereof. If such proposed revenue procedure (or a substantial equivalent) is promulgated in final, effective form, the Fund Representative shall (without the need for further action by the Members) have all necessary authority under this Agreement to give effect to the intention set forth in the‌‌ preceding sentence (including the authority to make any applicable tax election on behalf of the Fund and the Members).
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Fund Representative. □ Mr. □ Mrs. □ Ms. □ Mx. □ Dr. □ Other: □ Prefer no honorifics First Name Middle Initial Last Name Preferred Name Role(s) with Company Street City State Zip Code Primary Phone: Primary Email: Fund Representative 2 (optional): □ Mr. □ Mrs. □ Ms. □ Mx. □ Dr. □ Other: □ Prefer no honorifics First Name Middle Initial Last Name Preferred Name Role(s) with Company Street City State Zip Code Primary Phone: Primary Email: Authorized Parties Please designate authorized parties to recommend grants from the Gift Fund and/or provide online access to the Gift Fund (“Authorized Party(ies)”). Additional individuals can be authorized to make recommendations of grants from the Gift Fund or access information on the Gift Fund through the Foundation’s online portal. To authorize the proper level of authority, please provide the requested information of the individual to be authorized below and select the level of authority. If more than two individuals are to be authorized, please list additional Authorized Parties, their contact information and the level of authority in an attachment to this Agreement. Authorized Party (optional): □ Mr. □ Mrs. □ Ms. □ Mx. □ Dr. □ Other: □ Prefer no honorifics First Name Middle Initial Last Name Preferred Name Role(s) with Company Street City State Zip Code Primary Phone: Primary Email: Grants Access. Authorized Party may (a) make recommendations of grants from the Gift Fund, and (b) access and view all information about the Gift Fund. View Only. Authorized Party may access and view all information about the Gift Fund. Authorized Party 2 (optional): □ Mr. □ Mrs. □ Ms. □ Mx. □ Dr. □ Other: □ Prefer no honorifics First Name Middle Initial Last Name Preferred Name Role(s) with Company Street City State Zip Code Primary Phone: Primary Email: Grants Access. Authorized Party 2 may (a) make recommendations of grants from the Gift Fund, and (b) access and view all information about the Gift Fund. View Only. Authorized Party 2 may access and view all information about the Gift Fund. Referral (optional) Who referred you to Foundation For The Carolinas? Referral Source: Street City State Zip Code Email: Phone Number: Opening Contribution Please indicate the amount and nature of the opening contribution to the Gift Fund. The minimum opening contribution is $50,000 for all Gift Funds, except the minimum opening contribution for an Executive Engagement Corporate Donor Advised Fund is $10,000. Additional gifts can be made at any time. Please include the fu...
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Related to Fund Representative

  • Partnership Representative The Members shall take all reasonable actions to avoid the application to the Company of the centralized partnership audit provisions of sections 6221 through 6241 of the Code, as amended by the Bipartisan Budget Act of 2015. If, however, such provisions are found to apply to the Company, a member of the Manager or another appointed individual shall act as the Partnership Representative for the purposes of IRS Code section 6221 through 6241. In the event the member of the Manager is no longer a Member in the Company, and no other individual has been appointed as the Partnership Representative, the Partnership Representative shall be the Majority Interest owner from amongst the Members. If the Majority Member is unable or unwilling to serve, the Partnership Representative shall be appointed from amongst the remaining Members by a Majority of Interests of the Members. The Partnership Representative shall be authorized and required to represent the Company with all examinations of the Company’s affairs by tax authorities, including resulting administrative and judicial proceedings. The Partnership Representative shall have the sole authority to (1) sign consents, enter into settlement and other agreements with such authorities with respect to any such examinations or proceedings and (ii) to expend the Company’s funds for professional services incurred in connection therewith. In the event of an adjustment resulting in an underpayment of tax, the Partnership Representative shall duly and timely elect under section 6226 of the IRS Code that each Person who was a Member during the taxable year that was audited personally bear any tax, interest, addition to tax, and penalty resulting from such adjustments and, if for any reason, the Company is liable for a tax, interest, addition to tax, or penalty as a result of such an audit, each Person who was a member during the taxable year that was audited shall pay to the Company an amount equal to such Person’s proportionate share of such liability, as determined by the Manager, based on the amount each such Person should have borne (computed at the rate used to compute the Company’s liability) had the Company’s tax return for such taxable year reflected the audit adjustment. The expenses for the Company’s payment of such tax, interest, addition to tax, or penalty shall be specially allocated to such Persons in such proportions. The Partnership Representative shall have the final decision-making authority with respect to all federal income tax matters involving the Company. The Members agree to cooperate with the Partnership Representative and to do or refrain from doing any or all things reasonably required by the Partnership Representative to conduct such proceedings. Any reasonable direct out-of-pocket expense incurred by the Partnership Representative in carrying out its obligations hereunder shall be allocated to and charged to the Company as an expense of the Company for which the Partnership Representative shall be reimbursed.

  • Designated Representative Except as provided in Section 2.4 of this Agreement, in the event that a Member is unable to make decisions, Company or Company Contractors will attempt to contact the Member’s Designated Representative for the purposes of making decisions on behalf of Member in regards to any items or services set forth in this Agreement. The Designated Representative is the person or persons identified to Company by the Member during enrollment or after as the primary person who will be making decisions on behalf of the Member in the event the Member becomes incapacitated.

  • Designated Representatives The designated representative for the LEA for this Agreement is: Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Title: Chief Technology Officer Contact Information: ▇▇▇▇ ▇▇▇▇▇▇▇ _▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ _▇▇▇-▇▇▇-▇▇▇▇ The designated representative for the Provider for this Agreement is: Name: ▇▇▇▇ ▇▇▇▇▇▇ Title: Controller Contact Information:

  • Owner’s Designated Representative Prior to the start of construction, Owner will identify the Owner’s Designated Representative (ODR), who has the express authority to act and bind the Owner to the extent and for the purposes described in the Contract, including responsibilities for general administration of the Contract. 3.1.2.1 Unless otherwise specifically defined elsewhere in the Contract Documents, the ODR is the single point of contact between the Owner and Contractor. Notice to the ODR, unless otherwise noted, constitutes notice to the Owner under the Contract. 3.1.2.2 All directives on behalf of the Owner will be conveyed to the Contractor by the ODR in writing.

  • Authorised Representatives Each of the Parties shall by notice in writing designate their respective authorised representatives through whom only all communications shall be made. A Party hereto shall be entitled to remove and/or substitute or make fresh appointment of such authorised representative by similar notice.