The Foundation Sample Clauses

The Foundation clause establishes the basic principles, definitions, and underlying framework upon which the rest of the agreement is built. It typically outlines the parties involved, the purpose of the contract, and any key terms or concepts that will be referenced throughout the document. By clearly setting out these foundational elements at the outset, this clause ensures that all parties have a shared understanding of the agreement's scope and intent, thereby reducing the risk of misunderstandings or disputes later on.
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The Foundation. 8.1 Role of the Foundation
The Foundation. 10.1 The Foundation acts as a Buckaroo-appointed custodian of funds received by Merchants and other parties and manager of the Clients' Account and makes/forwards payments at Buckaroo’s request. The Merchant does not have an agreement with the Foundation. If the Foundation makes a payment to the Merchant, Buckaroo’s obligation to forward payments to the Merchant is reduced by an equal amount. 10.2 The Merchant hereby irrevocably authorises the Foundation to pay Buckaroo the Fees or other debt of the Merchant on his behalf (perhaps by offsetting a debit amount). This sub-clause is a third-party clause which benefits the Foundation. 10.3 The Merchant hereby irrevocably authorises Buckaroo and the Foundation to make refunds or payments ordered by the Merchant via the BPP or which the Merchant or Buckaroo, as the Merchant’s service provider, is obliged to make pursuant to the regulations or instructions of a Payment Method Owner or Acquirer, for example a refund in case of a ▇▇▇▇ (Notification Undue Direct Debit). This sub- clause is a third-party clause which benefits the Foundation. 10.4 The Foundation opens an IBAN account for Merchant, and Merchant can request Buckaroo to make the Clients’ Account Merchant specific with regards to the name.
The Foundation. Although this Client Agreement is primarily entered into by and between You and Vivid NL, You should be aware that Vivid NL uses a separate legal entity for asset segregation purposes. This separate legal entity is a Dutch foundation, Stichting Vivid Money (the Foundation). The Foundation has no shareholders or members, which means that it is protected in the event of Vivid NL’s bankruptcy. Vivid NL only uses the Foundation to hold funds that are being transferred from and to Your Vivid Money account (as defined in paragraph 4.1 below) to and from an Executing Broker. Therefore, the parts of this Client Agreement dealing with depositing and withdrawing funds to and from Your Invest Cash Pocket and placing Orders are also entered into by Vivid NL by and on behalf of the Foundation. See Article 8 below for more information about the Foundation. Please note that Vivid NL has the full authority to represent the Foundation, so You as Our Client will never need to approach (or interact with) the Foundation directly – all communications and engagements between You as Our Client and the Foundation go through Vivid NL.
The Foundation with the agreement of ENZO, shall select and outside patent attorney to handle patent prosecution matters relating to the filing, prosecution and maintenance of PATENTS and for the filing, prosecution and maintenance of patents on SUPPLEMENTAL INFORMATION.
The Foundation. Immediately prior to the Effective Time, the Surviving Corporation shall, and Conopco shall cause the Surviving Corporation to, make a one-time contribution of not less than $5 million to the Foundation so long as (i) the Foundation does not significantly change its charitable purpose, (ii) none of the trustees of the Foundation disparages the Surviving Corporation, its products or its management and (iii) any replacement or additional trustee of the Foundation appointed before the date of payment is reasonably satisfactory to Conopco.
The Foundation. The Parties understand that the Foundation’s sole purpose in providing the Grant Amount is to further research in the field of animal health and welfare. The Foundation makes no commitment or certification regarding the Study as it is not participating in the research except to oversee the use of the Grant Amount. In the event of a disagreement between the Parties or between any other person or entity and one or more of the Parties relating in any manner to this Agreement or the Study, the Parties understand and agree that the Foundation’s responsibilities shall consist solely of those identified in this Agreement. The Recipient shall ensure that all persons or entities involved, in any manner, with the Study understand and adopt this understanding and agreement prior to such involvement.‌
The Foundation. As soon as practicable following the Effective Time, the Foundation shall change its name to a name selected by the Buyer. Beginning at the Effective Time and for a period of three (3) years thereafter, the board of directors of the Foundation shall consist of James C. McGill, A. Christine Bak▇▇, ▇▇▇ ▇▇▇▇▇▇▇ C. R▇▇▇▇▇▇▇, ▇▇▇▇ ▇ames C. McGill ▇▇▇▇▇▇▇ ▇▇ Chairm▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇. During such three (3) year period, fifty percent (50%) of the proceeds disbursed by the Foundation shall be disbursed within the sole discretion of the Foundation's board of directors and the remaining fifty percent (50%) of the proceeds disbursed shall be disbursed in specific accordance with the instructions of the Buyer's board of directors, provided that during such three (3) year period (i) proceeds disbursed in any one (1) year shall not exceed more than five percent (5%) in the aggregate of the Foundation's total assets and (ii) all proceeds disbursed by the Foundation shall be disbursed for the benefit of Alamance County, North Carolina. Following the expiration of such three (3) year period, James C. McGill, A. Christine Bak▇▇ ▇▇▇ ▇▇▇▇▇▇▇ C. Re▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇sign from the ▇▇▇▇▇▇▇▇▇▇'s board of directors and three (3) replacement directors shall be selected by Buyer's board of directors. At the Effective Time, the Buyer and the Foundation shall enter into an agreement (the "Foundation Agreement") in form and substance satisfactory to the Company and the Buyer consistent with the provisions of this Section 6.2(e).
The Foundation will have responsibility for all work, including the coordination and direction of the planning, design and construction of the COMPLEX. The FOUNDATION will work closely with the Montana State Division of Architecture and Engineering ("A&E") regarding the planning, design, and construction of the COMPLEX.
The Foundation. The Foundation is a community foundation that offers flexible options for donors to help them achieve their philanthropic goals. Gifts to The Foundation are pooled and invested, and the income earned is distributed as grants according to The Foundation’s spending policy, in support of local community projects primarily in Winnipeg, Manitoba.
The Foundation. This well-established base and further improve the generality and fidelity of these models. In order to maximize generality, the phenomenological model should have the following features: • Run transient or steady state simulations • Offer easy access to a wide range of closure laws • Handle a single reactor or groups of interconnected reactors • Include user-friendly pre- and post-processing This foundation must be built from scratch or compiled from existing codes