Committees of the Managers Sample Clauses

Committees of the Managers. The Managers may designate from among themselves an executive committee or one or more other standing or ad hoc committees, each consisting of one or more Managers, who serve at the pleasure of the Managers. Each committee shall have the authority set forth in the resolution establishing the committee or in any other resolution of the Managers specifying, enlarging, or limiting the authority of the committee.
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Committees of the Managers. The Managers, by resolution, may designate from among the Managers one or more committees, each of which shall comprise one or more of the Managers, and may designate one or more of the Managers as alternate members of any committee, who may, subject to any limitations imposed by the Managers, replace absent or disqualified Managers at any meeting of that committee. Any such committee, to the extent provided in such resolution, shall have and may exercise all of the authority of the Managers, subject to the restrictions contained in the Act and hereunder.
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Committees of the Managers. The Managers may create one or more committees. Any such committee shall consist of at least one (1) Simba Group Manager and one (1) Kiewit Alabama Manager. Any such committee, to the extent specified by the Managers, may exercise the authority of the Managers in supervising the management of the business affairs of the Company, except that a committee may not (i) authorize distributions, except in accordance with a formula or method described by the Managers; (ii) approve or propose to Members actions required by law to be approved by the Members; (iii) fill vacancies of the Managers or any of its committees; (iv) amend the Certificate or the Operating Agreement or propose amendments to the Certificate or the Operating Agreement; (v) authorize any Additional Capital Contributions; (vi) take any other actions which require the approval of the Members under the Certificate, the Operating Agreement or the Act; or (vii) authorize the expenditure, or undertaking of an obligation, in excess of $50,000.00.
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Committees of the Managers. The managers may, by resolution adopted by a majority of the managers in office, establish one or more committees, each committee to consist of one or more of the managers of the Company. The managers may designate one or more managers as alternate committee members of any committee who may replace any absent or disqualified committee member at any meeting of the committee or for purposes of any written action of the committee. A committee, to the extent provided in the resolution of the managers creating it, shall have and may exercise all of the powers and authority of the managers except that a committee shall not have any power or authority as to: (i) the submission to members of any action requiring the approval of members pursuant to law, as it may hereafter be amended; (ii) the creation or filling of vacancies in the managers; (iii) the adoption, amendment or repeal of this Agreement; (iv) the amendment, adoption or repeal of any resolution of the managers that by its terms is amendable or repealable only by the managers, or (v) action on matters committed by this Agreement or resolution of the managers to another committee of the managers. Each committee of the managers shall serve at the pleasure of the managers.
Sample 1
Committees of the Managers. The Managers may create one or more committees. Any such committee, to the extent specified by the Managers, may exercise the authority of the Managers in supervising the management of the business affairs of the Company, except that a committee may not (i) authorize distributions, except in accordance with a formula or method described by the Managers; (ii) approve or propose to Members actions required by law to be approved by the Members; (iii) fill vacancies of the Managers or any of its committees; (iv) amend the Articles or the Operating Agreement or propose amendments to the Articles or the Operating Agreement; (v) authorize any Additional Capital Contributions; (vi) take any other actions which require the approval of the Members under the Articles, the Operating Agreement or the Act; or (vii) authorize the expenditure, or undertaking of an obligation, in excess of $50,000.00.
Sample 1

Related to Committees of the Managers

  • Committees of the Board The Board of Managers may from time to time appoint such standing or special committees as it may deem for the best interest of the Company, but no such committee shall have any powers, except such as are expressly conferred upon it by the Board of Managers.

  • Committees of the Board of Directors The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. If a member of a committee shall be absent from any meeting, or disqualified from voting thereat, the remaining member or members present at the meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may, by a unanimous vote, appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent permitted by applicable law, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation and may authorize the seal of the Corporation to be affixed to all papers that may require it to the extent so authorized by the Board of Directors. Unless the Board of Directors provides otherwise, at all meetings of such committee, a majority of the then authorized members of the committee shall constitute a quorum for the transaction of business, and the vote of a majority of the members of the committee present at any meeting at which there is a quorum shall be the act of the committee. Each committee shall keep regular minutes of its meetings. Unless the Board of Directors provides otherwise, each committee designated by the Board of Directors may make, alter and repeal rules and procedures for the conduct of its business. In the absence of such rules and procedures each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to this Article III.

  • Committees of Directors (i) The Board may, by resolution passed by a majority of the whole Board, designate one or more committees, each committee to consist of one or more of the Directors of the Company. The Board may designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee.

  • Committees 1. The Parties agree on establishing Committees in the following matters: (a) Trade in Goods; (b) Trade in Services; (c) Investment; (d) Sanitary and Phytosanitary Measures; (e) Technical Barriers to Trade; (f) Trade Facilitation; (g) Rules of Origin; and (h) Cooperation, including Intellectual Property. 2. The Free Trade Commission may create additional Committees, if needed. The Committees on Sanitary and Phytosanitary Measures, Technical Barriers to Trade and Rules of Origin shall coordinate their tasks with those of the Committee on Trade in Goods. 3. Except as otherwise provided in this Agreement, the Committees shall convene in regular session once a year at the same time the Free Trade Commission convenes. When special circumstances arise, the Parties shall meet at any time upon agreement at the request of one Party. Regular sessions of the Committees shall be chaired successively by each Party. Other sessions of the Committee shall be chaired by the Party hosting the meeting. The sessions may be held by any technological means available to the Parties. 4. When necessary, the Committees created hereby shall consult with such other Committees as needed to address the issues they handle.

  • COMMITTEES AND REPRESENTATIVES C-1 The Hospital will recognize the following:

  • Rights and Duties of the Board of Managers (a) The Company is a manager-managed limited liability company. Accordingly, management of the affairs of the Company shall be vested in a Board of Managers (the “Board”). The Persons constituting the Board (each, a “Manager”) will be (i) the “managers” of the Company for all purposes under the Act and (ii) the Board for all purposes under this Agreement. The Board will have the power to act only by a majority of the Managers in accordance with the provisions and in the manner specified herein. A person does not need to be a Member to serve on the Board. The Board will initially consist of three members and shall initially consist of, Nxxxx Xxxxxxx, Jxxx Xxxxxxxxx and Exx Xxxxxxxxx as the Independent Manager, who shall serve until they resign or are replaced by a majority of the Board, and new members of the Board shall be appointed by a majority of the Board. Provided, however, the Members holding 66 2/3% of the Voting Shares can vote to remove and replace a Manager for “Cause” in accordance with Section 2.9. The size of the Board may be increased, including, without limitation, in connection with forming a Special Committee, or decreased from time to time by action of the Board.

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • – UNION COMMITTEES AND REPRESENTATIVES 6.01 The Employer will recognize the following:

  • Meetings of the Committee a) The Committee shall meet at the request of one of the central parties.

  • Sub-Committees 15.1 The Joint Committee shall establish the membership and terms of reference for any sub-committees or sub-groups which it establishes and may dissolve such sub-committees or sub-groups. Sub-committees to which the Joint Committee delegates functions are bound by the provisions of this Agreement regulating the taking of decisions by the Joint Committee. The Joint Committee may create additional sub-committees from time to time as it sees fit.

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