Status of Owner Clause Samples

The "Status of Owner" clause defines the legal standing and authority of the party identified as the owner within the agreement. It typically clarifies whether the owner is acting as an individual, a corporation, or another legal entity, and may specify the owner's rights, responsibilities, and capacity to enter into the contract. This clause ensures that all parties understand who the owner is and confirms that the owner has the legal authority to engage in the contractual relationship, thereby reducing the risk of disputes over representation or contractual validity.
Status of Owner. The Owner shall not have control or charge of construction means, methods, techniques, sequences or procedures, or for safety precautions and programs in connection with the Work, nor shall the Construction Manager, for any of the foregoing purposes, be deemed the agent of the Owner.
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Status of Owner. Owner is not a foreign person, foreign partnership, foreign corporation, or foreign trust, as those terms are defined in IRC §1445.
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Status of Owner. The Owner shall perform all operations under this Agreement as an independent Contractor, and not as an agent or employee of the City. No the City official or employee shall supervise the Owner. The Owner will exercise no supervision over any employee or official of the City. The Owner shall not represent that Owner is an employee or agent of the City in any capacity. The Owner has no right to Worker's Compensation benefits from the City or its insurance carriers or funds.
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Status of Owner. The Owner shall perform all operations under this Agreement as an independent Contractor, and not as an agent or employee of BLW. No BLW official or employee shall supervise the Owner. The Owner will exercise no supervision over any employee or official of BLW. The Owner shall not represent that Owner is an employee or agent of BLW in any capacity. The Owner has no right to Worker's Compensation benefits from BLW or its insurance carriers or funds.
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Status of Owner. In the event the terms of this Agreement at any time shall, in the opinion of the counsel for the OWNER, impair the status of the OWNER as a "real estate investment trust" within the meaning of Part II, subchapter M of the Internal Revenue Code of 1954, as amended, OWNER and MANAGER shall, within 30 days after the OWNER shall have given to the MANAGER written notice of such impairment, negotiate such amendments as may be necessary to restore, in the opinion of counsel for the OWNER, such status of the OWNER.
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Status of Owner. Owner is a non-profit corporation duly organized and validly existing in good standing under the laws of the State of Texas, and is qualified in all other jurisdictions where necessary in order to conduct its business and has all necessary power to carry on its business as now being conducted, to operate its properties as now being operated, to carry , on its contemplated business, to enter into this Agreement and to observe and perform its terms.
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Status of Owner. That certain Certificate of Formation of Owner filed January 24, 2001, with the Office of the Secretary of State of Delaware, and that certain Limited Liability Company Agreement of Owner dated as of April 12, 2000, delivered to Purchaser, are true and correct and have not been modified or amended, except as set forth in the Owner Disclosure Schedule attached as Exhibit H (“Owner Disclosure Schedule”). Except for said Certificate of Formation of Owner and said Limited Liability Company Agreement of Owner, there are no other agreements of any type or kind with respect to voting or control of Owner or with respect to issuance of additional membership interests in Owner.
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Related to Status of Owner

  • Form of Ownership Check the appropriate box (one only) to indicate form of ownership. If the subscriber is a Custodian, Corporation, Partnership or Trust, please provide the additional information requested. o Individual o Joint Tenants with Right of Survivorship (Both signatures must appear on page 6.) o Corporation, Limited Liability Company or Partnership (Corporate Resolutions, Operating Agreement or Partnership Agreement must be enclosed.) o Trust Trustee’s Name: Trust Date: o Other: Provide detailed information in the space immediately below.

  • Lists of Owners Promptly upon request by the Company, the Depositary shall, at the expense of the Company, furnish to it a list, as of a recent date, of the names, addresses and holdings of American Depositary Shares by all persons in whose names American Depositary Shares are registered on the books of the Depositary.

  • Death of Owner If the Owner dies before the sole surviving Annuitant and before the Annuity Date, the death benefit proceeds will be equal to the Death Benefit Amount as of the Notice Date. If the Owner dies before the sole surviving Annuitant and before the Annuity Date, we will pay the death benefit proceeds to the first among the following who is (1) living; or (2) an entity entitled to receive the death benefit proceeds:

  • Rights of Ownership All computer programs and procedures developed to perform services required to be provided by BISYS under this Agreement are the property of BISYS. All records and other data except such computer programs and procedures are the exclusive property of the Trust and all such other records and data will be furnished to the Trust in appropriate form as soon as practicable after termination of this Agreement for any reason.

  • Transfer of Ownership Trust..........................................................