Separation of Resources Clause Samples

The Separation of Resources clause establishes that specific assets, funds, or resources must be kept distinct and not commingled with those of other parties. In practice, this means that each party is required to maintain separate accounts, records, or inventories for the resources covered by the agreement, such as client funds, proprietary technology, or confidential information. This clause is essential for ensuring transparency, preventing misuse or confusion of assets, and protecting the interests of all parties by clearly delineating ownership and responsibility.
Separation of Resources. 1. The ordinary capital resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed of, entirely separate from special resources. Each Special Fund, its resources and accounts shall be kept entirely separate from other Special Funds, their resources and accounts. 2. The ordinary capital resources of the Bank shall under no circumstances be charged with, or used to discharge, losses or liabilities arising out of operations or other activities of any Special Fund. Special resources appertaining to any Special Fund shall under no circumstances be charged with, or used to discharge, losses or liabilities arising out of operations or other activities of the Bank financed from its ordinary capital resources or from special resources appertaining to any other Special Fund. 3. In the operations and other activities of any Special Fund the liability of the Bank shall be limited to the special resources appertaining to that Special Fund which are at the disposal of the Bank.
View SourceView Similar (3)
Separation of Resources. 6.1 The Resources shall be kept separate from the ordinary capital resources and from any Special Funds resources of the Bank, as such terms are defined or referred to in the Agreement Establishing the Bank. 6.2 Under no circumstances shall the Resources be charged with, or used to discharge losses or liabilities arising out of the operations or other activities of the Bank for which the Resources were not originally committed or approved. 6.3 Under no circumstances shall the ordinary capital resources of the Bank or the Special Funds resources of the Bank be charged with, or used to discharge losses or liabilities arising out of the operations or other activities for which the Resources were originally used or committed.
View Source
Separation of Resources. (a) The Fund Resources will at all times and in all respects be kept in a separate Fund Account. (b) Under no circumstances will the resources of the CEB be charged with, or used to discharge, losses or liabilities arising out of the operations or other activities of the RHP Fund. (c) In the operation and other activities of the RHP Fund, the liability of the CEB will be limited to the Fund Resources which are at the disposal of the CEB.
View Source
Separation of Resources. The Fund Resources will at all times and in all respects be kept in a separate Fund account. Under no circumstances will the resources of the CEB be charged with, or used to discharge, losses or liabilities arising out of the operations or other activities of the Fund. In the operation and other activities of the Fund, the liability of the CEB shall be limited to the Fund Resources which are at the disposal of the CEB.
View Source
Separation of Resources. Section 7.1 The resources of the Fund shall at all times be held, utilized, committed, invested or in any other way disposed of, completely independently of the resources of the Bank itself, or of any other resources entrusted to the Bank for administration. Section 7.2 The Bank shall keep separate accounts and records of the resources and operations of the Fund in such a way as to permit the identification of the assets, liabilities, income, costs and expenses pertaining to the Fund and a financial unit independent of all other operations of the Bank. Section 7.3 The accounts of the Fund shall be kept in Units of Account as defined in Article 5, Section 1 (a) of the Agreement Establishing the African Development Bank, and as determined pursuant to Section 5.2 of this Agreement.
View Source
Separation of Resources. (a) The Fund Resources will at all times and in all respects be kept in a separate Fund Account. (b) Under no circumstances will the resources of the CEB be charged with, or used to discharge, losses or liabilities arising
View Source
Separation of Resources. The Account Resources will at all times and in all respects be kept in a separate book account. Under no circumstances will the resources of the CEB be charged with, or used to discharge, losses or liabilities arising out of the operations or other activities of the Account.
View Source

Related to Separation of Resources

  • Stock Plan Administration Service Providers The Company transfers participant data to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan. In the future, the Company may select a different service provider and share the Participant’s data with another company that serves in a similar manner. The Company’s service provider will open an account for the Participant to receive and trade Shares. The Participant will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to the Participant’s ability to participate in the Plan.

  • Expiration and Termination of Restrictions The restrictions imposed under Section 2 will expire on the earliest to occur of the following (the period prior to such expiration being referred to herein as the "Restricted Period"): (a) As to the percentages of the Shares specified in the vesting schedule on page 1 of this Award Agreement, on the respective dates specified in the vesting schedule on page 1; provided you are then still employed by or in the service of the Company or an Affiliate; or (b) Upon termination of your employment by reason of death or Disability; or (c) Upon a Change in Control (as defined in the 2007 Plan).

  • Location of Services The Purchaser’s data shall remain within the continental United States at all times and on computing and data storage devices residing therein. Contractor’s services shall be subject to the United States legal jurisdiction.

  • Reporting Total Compensation of Recipient Executives 1. Applicability and what to report. You must report total compensation for each of your five most highly compensated executives for the preceding completed fiscal year, if— i. the total Federal funding authorized to date under this award is $25,000 or more; ii. in the preceding fiscal year, you received— (A) 80 percent or more of your annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance subject to the Transparency Act, as defined at 2 CFR 170.320 (and subawards); and (B) $25,000,000 or more in annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance subject to the Transparency Act, as defined at 2 CFR 170.320 (and subawards); and iii. The public does not have access to information about the compensation of the executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986. (To determine if the public has access to the compensation information, see the U.S. Security and Exchange Commission total compensation filings at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/answers/execomp.htm.) 2. Where and when to report. You must report executive total compensation described in paragraph b.1. of this award term: i. As part of your registration profile at ▇▇▇▇▇://▇▇▇.▇▇▇.gov. ii. By the end of the month following the month in which this award is made, and annually thereafter.

  • Stock Plan Administration Service Provider The Company transfers the Optionee's Personal Information to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”). In the future, the Company may select a different Stock Plan Administrator and share the Optionee's Personal Information with another company that serves in a similar manner. The Stock Plan Administrator will open an account for the Optionee to receive and trade Shares acquired under the Plan. The Optionee will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to the Optionee’s ability to participate in the Plan.