Common use of Committees Generally Clause in Contracts

Committees Generally. The Board may, from time to time, designate one or more committees. Following the THI Liquidation, each Investor Member that is entitled to designate at least one (1) Manager to the Board pursuant to Section 5.2(a) shall be entitled to designate at least one (1) of its designated Managers to each of the Board’s material committees. Any such committee, to the extent provided in the enabling resolution or in the Certificate or this Agreement, shall have and may exercise all of the authority of the Board. At every meeting of any such committee, the presence of a majority of all the members thereof shall constitute a quorum, and the affirmative vote of a majority of the members present shall be necessary for the adoption of any resolution. The Board may dissolve any committee at any time, unless otherwise provided in the Certificate or this Agreement.

Committees Generally. The Board may, from time to time, designate one or more committees. Following the THI Liquidation, each Each Investor Member that is entitled to designate at least one (1) Manager to the Board pursuant to Section 5.2(a) shall be entitled to designate at least one (1) of its designated Managers to each of the Board’s material committees. Any such committee, to the extent provided in the enabling resolution or in the Certificate or this Agreement, shall have and may exercise all of the authority of the Board. At every meeting of any such committee, the presence of a majority of all the members thereof shall constitute a quorum, and the affirmative vote of a majority of the members present shall be necessary for the adoption of any resolution. The Board may dissolve any committee at any time, unless otherwise provided in the Certificate or this Agreement.

Committees Generally. The Board may, from time to time, designate one or more committees. Following the THI Liquidation, each Each Investor Member that is entitled to designate at least one (1) Manager to the Board pursuant to Section 5.2(a) shall be entitled to designate at least one (1) of its designated Managers to each of the Board’s 's material committees. Any such committee, to the extent provided in the enabling resolution or in the Certificate or this Agreement, shall have and may exercise all of the authority of the Board. At every meeting of any such committee, the presence of a majority of all the members thereof shall constitute a quorum, and the affirmative vote of a majority of the members present shall be necessary for the adoption of any resolution. The Board may dissolve any committee at any time, unless otherwise provided in the Certificate or this Agreement.