Common use of Management Committee Clause in Contracts

Management Committee. The joint venture will be under the management of a management committee consisting of one representative of each participant and at least one alternate representative. A quorum for any Management Committee meeting shall be present if the representatives of all parties are present. The representative of the Operator shall be the chairman of Management Committee meetings. The Management Committee shall decide every question submitted to it by a vote with each representative being entitled to cast that number of votes which is equal to it’s party’s interest percentage. The Management committee shall make decisions by simple majority.

Management Committee. The joint venture will be under the management of a management committee consisting of one representative of each participant and at least one alternate representative. A quorum for any Management Committee meeting shall be present if the representatives of all parties are present. The representative of the Operator shall be the chairman of Management Committee meetings. The Management Committee shall decide every question submitted to it by a vote with each representative being entitled to cast that number of votes which is equal to it’s its party’s interest percentage. The Management committee shall make decisions by simple majority.

Management Committee. The joint venture Joint Venture will be under the management of a management committee consisting of one representative of each participant and at least one alternate representative. A quorum for any Management Committee management committee meeting shall be present if at least one of the representatives of all parties are is present. The representative of the Operator shall be the chairman of Management Committee management committee meetings. The Management Committee management committee shall decide every question submitted to it by a vote with each representative being entitled to cast that number of votes which is equal to it’s partyhis or her principal’s interest percentage. The Management Generally, the management committee shall make decisions by simple majority.