Maintenance of Control. Except as otherwise set forth in this Agreement, the OLHS Entities shall retain all powers incident to ownership and/or operation of OLPG. OLPG shall own and hold all licenses, contracts, certificates, and accreditations relating to OLPG, and OLPG shall be the “Provider of Services” within the meaning of third party contracts for services. Nothing in this Agreement is intended to alter, weaken, displace, or modify OLHS-NL’s and OLPG’s status as owner/operator of OLPG and the Provider of the Services within the meaning of the third party contracts for services. Nothing in this Agreement is intended to alter, weaken, displace, or modify the ultimate authority of the OLHS-NL Board of Directors, Joint Management Committee or Officers (all as defined in the OLHS-NL Bylaws). Administrator’s performance of and authority to provide the Services are subject to the terms of the ACCA, the Shared Charitable Mission, and this Agreement. The OLHS-NL Board of Directors and Joint Management Committee shall exercise, throughout the Term, ultimate authority, supervision, direction, and control over OLPG and shall retain the ultimate authority and responsibility regarding the powers, duties, and responsibilities vested in the Administrator.
Appears in 1 contract
Sources: Administrative Support Agreement
Maintenance of Control. Except as otherwise set forth in this Agreement, the OLHS OLH Entities shall retain all powers incident to ownership and/or operation of OLPGthe Business. OLPG The OLH Entities shall own and hold all licenses, contracts, certificates, and accreditations relating to OLPGthe Business, and OLPG the OLH Entities shall be the “Provider of Services” within the meaning of third party contracts for services. Nothing in this Agreement is intended to alter, weaken, displace, or modify OLHS-NL’s and OLPG’s the OLH Entities’ status as owner/operator of OLPG and the Business or Provider of the Services within the meaning of the third party contracts for services. Nothing in this Agreement is intended to alter, weaken, displace, or modify the ultimate authority of the OLHS-NL Board of Directors, Joint Management Committee Committee, or Officers (Officers, all as defined set forth in the OLHS-NL Bylaws). AdministratorManager’s performance of and authority to provide the Services are is subject to the terms of the ACCA, the Shared Charitable Mission, and this Agreement. The OLHS-NL Board of Directors and Joint Management Committee shall exercise, throughout the Term, ultimate authority, supervision, direction, and control over OLPG the Business and shall retain the ultimate authority and responsibility regarding the powers, duties, and responsibilities vested in the AdministratorManager.
Appears in 1 contract
Sources: Management Services Agreement