Management and Operations of the Company Sample Clauses

Management and Operations of the Company. 8.1. The Board shall have responsibility for the supervision and management of the Company and the Business in accordance with this Agreement and/or as required under any applicable law or under the terms of this Agreement.
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Management and Operations of the Company. Section 2.1 Management of the Company’s Affairs 3 Section 2.2 Corporate Services 3 Section 2.3 Officers 3 Section 2.4 Credit Facility 4 Section 2.5 Approval Rights of Members 4 Section 2.6 Member Loans 6 ARTICLE 3 Capital
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Management and Operations of the Company. During the Employment Period, but only until October 23, 2001, the Executive, together with the other members of the Company Compensation Committee, will be responsible for establishing the aggregate and individual compensation levels for certain employees of the Company, in accordance with the compensation policies and practices established by the Company Compensation Committee, which shall be consistent with the historical compensation practices and policies of the Company and KeyCorp and in conformity with industry practice. The Executive acknowledges and agrees that the Company Compensation Committee shall terminate on October 23, 2001 and thereafter shall no longer continue as a committee of the Board of Directors of the Company or otherwise.
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Management and Operations of the Company. Section 3.01. The Company shall carry on its operations and conduct its affairs in accordance with sound administrative, financial, economic and public utility practices under the super- vision of qualified and experienced management assisted by competent staff in adequate numbers.
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Management and Operations of the Company. Section 6.1Management Generally.
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Management and Operations of the Company. The Executive acknowledges and agrees that the Compensation Committee of the Board of Directors of the Company shall terminate on October 23, 2001 and thereafter shall no longer continue as a committee of the Board of Directors of the Company or otherwise. The Executive shall not serve on such Compensation Committee after the Commencement Date.
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Management and Operations of the Company 
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Related to Management and Operations of the Company

  • Management and Operations 15.1 The Operator shall prepare an annual work programme and budget for each Calendar Year during the term of this Agreement. Each such work programme and budget shall set out in reasonable details, the work to be carried out, facilities to be purchased or created, training and employment programme, establishment, salaries and wages, social welfare schemes to be undertaken, and an estimate of the Expenditure to be incurred. The Operator shall present such work programme and budget to the Government and the Working Interest Owners before the start of each Calendar Year and thereafter provide a quarterly update on the implementation of such work programme and budget.

  • Management of the Company The Company's business and affairs shall be conducted and managed by the Member(s) in accordance with this Agreement and the laws of the State of the Formation. Single-Member (Applies ONLY if Single-Member): The Member(s) of the Company has sole authority and power to act for or on behalf of the Company, to do any act that would be binding on the Company or incur any expenditures on behalf of the Company. The Member(s) shall not be liable for the debts, obligations, or liabilities of the Company, including under a judgment, decree, or order of a court. The Company is organized as a “member-managed” limited liability company. The Member(s) is designated as the initial managing Member(s). Multi-Member (Applies ONLY if Multi-Member): Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation, and control of the business and affairs of the Company and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Member(s) holding a majority of the Members’ Percentage Interests. Notwithstanding any other provision of this Agreement, the Member shall not, without the prior written consent of the unanimous vote or consent of the Member(s), sell, exchange, lease, assign or otherwise transfer all or substantially all of the assets of the Company; sell, exchange, lease (other than space leases in the ordinary course of business), assign or transfer the Company’s assets; mortgage, pledge or encumber the Company’s assets other than is expressly authorized by this Agreement; prepay, refinance, modify, extend or consolidate any existing mortgages or encumbrances; borrow money on behalf of the Company; lend any Company funds or other assets to any person or entity; establish any reserves for working capital repairs, replacements, improvements or any other purpose; confess a judgment against the Company; settle, compromise or release, discharge or pay any claim, demand or debt, including claims for insurance; approve a merger or consolidation of the Company with or into any other limited liability company, corporation, partnership or other entity; or change the nature or character of the business of the Company. The Member(s) shall receive such sums for compensation as Member(s) of the Company as may be determined from time to time by the affirmative vote or consent of Member(s) holding a majority of the Member(s)’ Percentage Interests.

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

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