Common use of Board Decisions Clause in Contracts

Board Decisions. The following decisions of the Company shall be made by a resolution of the Board, and may not be delegated to any other person: (a) whether to take, and the nature of, any legal, enforcement or other action following the occurrence of an Event of Review; (b) whether to take, and the nature of, any legal, enforcement or other action (including declaring any Securities to be immediately due and payable) following an "Event of Default" (as defined in the Multi-issuer Deed) or a default under clauses 7.6, 7.7, 7.8 or 7.9 of the Multi-issuer Deed; (c) without limiting clause 5.1, the preparation of a Statement of Intent as and when required by the Local Government Act; and (d) without limiting clause 5.1, any amendment of, or departure from, the Policies or Statement of Intent.

Board Decisions. The following decisions of the Company shall be made by a resolution of the Board, and may not be delegated to any other person:person:‌ (a) whether to take, and the nature of, any legal, enforcement or other action following the occurrence of an Event of Review; (b) whether to take, and the nature of, any legal, enforcement or other action (including declaring any Securities to be immediately due and payable) following an "Event of Default" (as defined in the Multi-issuer Deed) or a default under clauses 7.6, 7.7, 7.8 or 7.9 of the Multi-issuer Deed; (c) without limiting clause 5.1, the preparation of a Statement of Intent as and when required by the Local Government Act; and (d) without limiting clause 5.1, any amendment of, or departure from, the Policies or Statement of Intent.