On Behalf of Both Entities Clause Samples

The "On Behalf of Both Entities" clause establishes that actions, representations, or agreements made by one party are intended to be binding for both entities involved in the contract. In practice, this means that when one entity signs a document, makes a commitment, or communicates with third parties, it is understood to be acting with the authority and on behalf of the other entity as well. This clause is particularly useful in joint ventures or partnerships where two organizations operate closely together, ensuring that their interests and obligations are aligned and that third parties can rely on the authority of either entity. Its core function is to prevent ambiguity about representation and authority, thereby streamlining decision-making and reducing the risk of disputes over whether an action was properly authorized.
On Behalf of Both Entities. On behalf of each of the Nuveen closed-end investment companies listed on Schedule A attached hereto:
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On Behalf of Both Entities. On Behalf of the BlackRock Closed-End Investment Companies Listed on Appendix A:
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On Behalf of Both Entities hereto On Behalf of each of the Invesco closed-end investment companies listed in Schedule A attached
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On Behalf of Both Entities. On behalf of each of the Nuveen
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On Behalf of Both Entities. On behalf of each of the Invesco closed-end investment companies listed on Schedule A to the Agreement
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On Behalf of Both Entities. On behalf of each of the Guggenheim Closed-
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On Behalf of Both Entities. On behalf of each of the Invesco closed-end investment companies listed on Schedule A hereto FUND CLASSES COMMENCEMENT DATE DIVIDEND FREQUENCY Termination Phase Standard Services. $5,000.00 Minimum Fee Per Termination Extended Services. $2,500.00 for each of the individual Services listed below.
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On Behalf of Both Entities. Fundrise Advisors, LLC On behalf of each of the Managed LLC’s Listed on Schedule 1 Attached Hereto: Termination Phase Standard Services. $500.00 Minimum Fee Per Termination Extended Services. By appraisal for each of the individual Services listed below.
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On Behalf of Both Entities. On Behalf of the BlackRock Closed-End Investment Companies Listed on Appendix A: By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇. Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: President, U.S. Equity Services Title: Chief Financial Officer Date: 1-7-15 Date: ▇▇▇ (Legacy Co Code) Company Name BAF BlackRock Municipal Income Investment Quality Trust BBF BlackRock Municipal Income Investment Trust BBK BlackRock Municipal Bond Trust BBN BlackRock Build America Bond Trust BCX BlackRock Resources & Commodities Strategy Trust BDJ BlackRock Enhanced Equity Dividend Trust BFK BlackRock Municipal Income Trust BFO BlackRock Florida Municipal 2020 Term Trust BFY BlackRock New York Municipal Income Trust II BFZ BlackRock California Municipal Income Trust BGRT BlackRock Energy & Resources Trust BGT BlackRock Floating Rate Income Trust BGY BlackRock International Growth & Income Trust BHK BlackRock Core Bond Trust BHL BlackRock Defined Opportunity Credit Trust BHV BlackRock Virginia Municipal Bond Trust BIE BlackRock Municipal Bond Investment Trust BIT BlackRock Multi-Sector Income Trust BJZ BlackRock California Municipal 2018 Term Trust BKK BlackRock Municipal 2020 Term Trust BKN BlackRock Investment Quality Municipal Trust BKT BlackRock Income Trust, Inc. BLE BlackRock Municipal Income Trust II BLH BlackRock New York Municipal 2018 Term Trust BLJ BlackRock New Jersey Municipal Bond Trust BLW BlackRock Limited Duration Income Trust BME BlackRock Health Sciences Trust BNJ BlackRock New Jersey Municipal Income Trust BNY BlackRock New York Municipal Income Trust BOE BlackRock Global Opportunities Equity Trust BPK BlackRock Municipal 2018 Term Trust BPS BlackRock Pennsylvania Strategic Municipal Trust BQH BlackRock New York Municipal Bond Trust BSD BlackRock Strategic Municipal Trust BSE BlackRock New York Municipal Income Quality Trust BST BlackRock Science and Technology Trust BTA BlackRock Long-Term Municipal Advantage Trust BTT BlackRock Municipal Target Term Trust BTZ BlackRock Credit Allocation Income Trust ▇▇▇ BlackRock Utility and Infrastructure Trust BYM BlackRock Municipal Income Quality Trust BZM BlackRock Maryland Municipal Bond Trust Cll BlackRock Enhanced Capital & Income Fund, Inc. DSU BlackRock Debt Strategies Fund, Inc. EGF BlackRock Enhanced Government Fund, Inc. FRA BlackRock Floating Rate Income Strategies Fund, Inc. HYT BlackRock Corporate High Yield Fund, Inc. MCA BlackRock MuniYield California Quality Fund, Inc. MEN BlackRock MuniEnhance...
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Related to On Behalf of Both Entities

  • Tax Periods Beginning Before and Ending After the Closing Date The Company or the Purchaser shall prepare or cause to be prepared and file or cause to be filed any Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date. To the extent such Taxes are not fully reserved for in the Company’s financial statements, the Sellers shall pay to the Company an amount equal to the unreserved portion of such Taxes that relates to the portion of the Tax period ending on the Closing Date. Such payment, if any, shall be paid by the Sellers within fifteen (15) days after receipt of written notice from the Company or the Purchaser that such Taxes were paid by the Company or the Purchaser for a period beginning prior to the Closing Date. For purposes of this Section, in the case of any Taxes that are imposed on a periodic basis and are payable for a Taxable period that includes (but does not end on) the Closing Date, the portion of such Tax that relates to the portion of such Tax period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire Tax period multiplied by a fraction the numerator of which is the number of days in the Tax period ending on the Closing Date and the denominator of which is the number of days in the entire Tax period (the “Pro Rata Amount”), and (ii) in the case of any Tax based upon or related to income or receipts, be deemed equal to the amount that would be payable if the relevant Tax period ended on the Closing Date. The Sellers shall pay to the Company with the payment of any taxes due hereunder, the Sellers’ Pro Rata Amount of the costs and expenses incurred by the Purchaser or the Company in the preparation and filing of the Tax Returns. Any net operating losses or credits relating to a Tax period that begins before and ends after the Closing Date shall be taken into account as though the relevant Tax period ended on the Closing Date. All determinations necessary to give effect to the foregoing allocations shall be made in a reasonable manner as agreed to by the parties.

  • Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets (a) If the Corporate Taxpayer is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income tax return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole. (b) If any entity that is obligated to make a Tax Benefit Payment or Early Termination Payment hereunder transfers one or more assets to a corporation (or a Person classified as a corporation for U.S. federal income tax purposes) with which such entity does not file a consolidated tax return pursuant to Section 1501 of the Code, such entity, for purposes of calculating the amount of any Tax Benefit Payment or Early Termination Payment (e.g., calculating the gross income of the entity and determining the Realized Tax Benefit of such entity) due hereunder, shall be treated as having disposed of such asset in a fully taxable transaction on the date of such contribution. The consideration deemed to be received by such entity shall be equal to the fair market value of the contributed asset. For purposes of this Section 7.11, a transfer of a partnership interest shall be treated as a transfer of the transferring partner’s share of each of the assets and liabilities of that partnership.

  • After Acquired Real Property Upon the acquisition by it or any of its Subsidiaries after the date hereof of any interest (whether fee or leasehold) in any real property (wherever located) (each such interest being a “New Facility”) with a Current Value (as defined below) in excess of $500,000 in the case of a fee interest immediately so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, any structures or improvements thereon and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property (for purposes of this Section, the “Current Value”). The Collateral Agent shall notify such Loan Party whether it intends to require a Mortgage (and any other Real Property Deliverables or landlord’s waiver (pursuant to Section 7.01(l) hereof) with respect to such New Facility. Upon receipt of such notice requesting a Mortgage (and any other Real Property Deliverables) or landlord’s waiver, the Person that has acquired such New Facility shall promptly furnish the same to the Collateral Agent. The Borrower shall pay all fees and expenses, including, without limitation, reasonable attorneys’ fees and expenses, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(m).

  • CONTRIBUTION IN THE EVENT OF JOINT LIABILITY (a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. (b) The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. (c) The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee.

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, ▇▇▇▇, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a ▇▇▇▇ ▇▇▇ may not be rolled over into a Traditional IRA. If you have a 401(k), ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) and you wish to rollover the assets into an IRA you must roll any designated ▇▇▇▇ assets, or after tax assets, to a ▇▇▇▇ ▇▇▇ and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.