Single Participant Clause Samples

The "Single Participant" clause defines the agreement as being between only one participant and the other party, rather than involving multiple participants or a group. In practice, this means that all rights, obligations, and responsibilities outlined in the contract apply solely to the named individual or entity, and not to any affiliates, subsidiaries, or additional parties. This clause ensures clarity by preventing ambiguity about who is bound by the contract, thereby reducing the risk of disputes over participation or liability.
Single Participant. For a Participant who is not married, “Qualified Joint and Survivor Annuity” means an annuity for the life of the Participant.
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Single Participant frameworks involve establishing a framework with a single participant contractor. It is intended that contracting authorities will use single participant frameworks for response maintenance work only. Response maintenance is maintenance work of a time critical nature with a small monetary value (generally less than €5,000 per Task Order). Contracting authorities may choose to use this type of framework for response maintenance work if they feel that a continuous relationship with a single participant is the most appropriate means of ensuring that short response times are achieved. Contracting authorities should use a Framework Agreement only if it intends to establish a list of reserve participant contractors. If the contracting authority does not intend to establish a list of reserve participants it need only use the Term Maintenance and Refurbishment Works Contract by itself. Only one Framework call-off Option, Option E, applies in a single participant framework. Details of the specialists that are required to be used must then be included in the Schedule to the Form of Tender (FTS 12) and details of their tendered terms included at Appendix 2 to either ITT W6 or ITT W7 depending on whether a restricted or an open procedure is to be used. (i) The Maximum Sum included in the contract shall not exceed €2.0m and; (ii) The maximum duration shall not exceed 2 years in the case of multi participant frameworks and shall not exceed 4 years in the case of a single participant framework or standalone contract. Both these limits must be stipulated in the appropriate section of the Schedule to the Form of Tender and Schedule (FTS12). In the case of the contract duration this runs from the date that the tender accepted section of the FTS12 is sent in accordance with clause 1.7 of the TMRC.
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Related to Single Participant

  • Participant See Section 7(a) hereof.

  • Eligible Participants Families and individuals experiencing homelessness. For the purposes of the Program, families and individuals are considered to be homeless only when he/she/they lack(s) a fixed, regular and adequate nighttime residence and reside(s) in a place not meant for human habitation, such as cars, parks, sidewalks, abandoned buildings, motels, or other shelters, or for reference as further defined in 24 CFR Part 578.3 and 576.2.

  • Status of Participant (a) The Participant hereby represents, covenants, and warrants that it is a participant in the DTC and that, with respect to Purchase Orders or Redemption Orders of Creation Units of ETF Shares of any Fund placed through the NSCC Clearing Process, it is a member of the NSCC and a participant in the CNS System of NSCC. With respect to Vanguard’s stock ETFs, Purchase Orders and Redemption Orders for Creation Units will settle either through the NSCC Clearing Process or Outside the NSCC Clearing Process. With respect to Vanguard’s bond ETFs, Purchase Orders and Redemption Orders will settle through the DTC and the Federal Reserve’s Fedwire System. If a Participant loses its status as a DTC Authorized Participant Agreement participant or NSCC member, or its eligibility to participate in the CNS System, it shall promptly notify the Distributor in writing of the change in status or eligibility, and the Distributor may terminate this Agreement. (b) The Participant hereby represents and warrants that, unless Section 5(c) is applicable, it is registered as a broker-dealer under the Securities Exchange Act of 1934, as amended, is qualified to act as a broker or dealer in the states or other jurisdictions where it transacts business, and is a member in good standing of the Financial Industry Regulatory Authority (”FINRA”). The Participant agrees that it will maintain such registrations, qualifications, and membership in good standing and in full force and effect throughout the term of this Agreement. The Participant agrees to comply with all applicable federal laws, the laws of the states or other jurisdictions concerned, and the rules and regulations promulgated thereunder, and with the Constitution, By-Laws and Rules of FINRA, and that it will not offer or sell ETF Shares of any Fund in any state or jurisdiction where such shares may not lawfully be offered and/or sold. (c) If the Participant is offering and selling ETF Shares of any Fund in jurisdictions outside the several states, territories and possessions of the United States and is not otherwise required to be registered or qualified as a broker or dealer, or to be a member of FINRA, the Participant nevertheless agrees to observe the applicable laws of the jurisdiction in which such offer and/or sale is made, to comply with the full disclosure requirements of the Securities Act of 1933 as amended (the “1933 Act”) and the regulations promulgated thereunder, and to conduct its business in accordance with the spirit of the FINRA Rules. (d) The Participant understands and acknowledges that the proposed method by which Creation Units of Vanguard ETF Shares will be created and traded may raise certain issues under applicable securities laws. For example, because new Creation Units of ETF Shares may be issued and sold by the Fund on an ongoing basis, at any point a “distribution,” as such term is used in the 1933 Act, may occur. The Participant understands and acknowledges that some activities on its part, depending on the circumstances, may result in its being deemed a participant in the distribution in a manner that could render it a statutory underwriter and subject it to the prospectus delivery and liability provisions of the 1933 Act. (A ▇▇▇▇▇▇ discussion of these risks appears in the SAI.) Whether a person is an underwriter depends upon all of the facts and circumstances pertaining to that person’s activities, and the Participant should consult legal counsel if the Participant is uncertain of its status. Neither the Distributor nor the Bank will indemnify the Participant for any violations of the federal securities laws committed by the Participant.

  • Death of Participant Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

  • Eligible Employee For purposes of the SIMPLE 401(k) Plan provisions, any Employee who is entitled to make Elective Deferrals under the terms of the SIMPLE 401(k) Plan.