Management of the Joint Venture. The business and affairs of the Joint Venture shall be conducted and managed by the Venturers in accordance with this Agreement and the laws of _____________________. Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation and control of the business and affairs of the Joint Venture and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Venturers holding a majority of the Venturers' Percentage Interests. The Venturers shall devote such time and attention as the Venturers deem necessary to the conduct and management of the business and affairs of the Joint Venture. During the existence of the joint venture the parties shall be solely responsible for performing the following duties:
Management of the Joint Venture. The day-to-day operations of the Joint Venture shall be managed by Canbiola Sub. Canbiola Sub shall have full and complete discretion to manage and control the business and affairs of the Joint Venture, to make all decisions affecting the business and affairs of the Joint Venture, and to take all such actions as it deems necessary or appropriate to accomplish the purposes of the Joint Venture. The actions of Canbiola Sub taken in accordance with the provisions of this Agreement shall bind the Joint Venture.
Management of the Joint Venture. (a) The overall management and control of the business and affairs of the Joint Venture shall be vested solely in SMC. Effective September __, 1995, SMC is hereby designated as the manager (hereinafter sometimes referred to as the "MANAGER") with duties prescribed in this Agreement. The Manager shall be responsible for the implementation of the decisions of the Parties and for conducting the ordinary and usual business and affairs of the Joint Venture.
Management of the Joint Venture. The overall management and control of the business and affairs of the Joint Venture shall be vested in the Joint Venturers and, except where herein expressly provided to the contrary, all decisions with respect to the management and control of the Joint Venture shall be made and approved by the Management Committee as provided in Section 10.4 below.
Management of the Joint Venture. The Board of Directors of the Joint Venture shall have full responsibility and authority for the performance of the Joint Venture purpose. Actions and decisions of the Board shall be by majority vote. The Chairman of the Board of Directors shall break any tie in the voting. Any majority vote shall be final, conclusive and binding upon the parties.
Management of the Joint Venture. With the consent and approval of FR and the direction of the portfolio advisor, ASCOT shall conduct the investment affairs of the Fund. ASCOT shall have management and trading discretion over the Fund’s portfolio, subject to discretionary approval by INFN and FR, collectively represented by FR. Election of Directors. ASCOT shall be entitled to appoint two (2) new members to the board of directors in its sole discretion. FR shall vote its shares so as to maintain three (3) positions on the Fund’s board of directors (for a total of five (5) members of the board of directors) until all funds due FR hereunder are paid in full. Books of Account: Books of account of the transactions of the Fund shall be kept FR until such time as the Collateral is released and conditions of Section 2 are met. At such time, these records shall be held by auditors and CPA’s appointed jointly by ASCOT, the Fund and FR, unless otherwise instructed by a regulatory body including but not limited to the SEC. Said books of account shall be available and open to inspection and examination at all reasonable times by any Party to this Agreement. Accounting: The Fund shall be fully compliant and fully reporting as required by the 1940 Act.
Management of the Joint Venture. The board of directors of the Joint Venture shall consist of five directors, three of whom shall be designated by Town Health M&B and two of whom shall be designated by Taigang Medical. Chairman of the board shall be appointed by the board of directors of the Joint Venture. All directors shall have an initial tenure of three years. Unanimous approval of all the directors of the Joint Venture shall be obtained for (i) amendment to the articles of the Joint Venture; (ii) termination or dissolution of the Joint Venture; (iii) increase or reduction in the registered capital of the Joint Venture; and (iv) merger or division of the Joint Venture. Apart from the board of directors, each of Town Health M&B and Taigang Medical shall be entitled to appoint one supervisor to the Joint Venture, with an initial tenure of three years. Taigang Medical shall be entitled to nominate the general manager of the Joint Venture for appointment by the board of directors, while Town Health M&B shall be entitled to nominate the chief financial officer, operating and administration deputy general manager and sales and marketing deputy general manager of the Joint Venture for appointment by the board of directors.
Management of the Joint Venture. 3.1 It is mutually agreed by the parties hereto that the Joint Venture shall exist only as a means to set forth the individual obligations of the parties and to set forth the amount and manner of disbursement of proceeds from any completed transactions as contemplated herein. Due to this mutual agreement between the parties hereto, it is further agreed that the Joint Venture shall require no "management", as such and that each party shall be separately and individually responsible for their own individual roles, expenses, taxes, etc.
Management of the Joint Venture. The Joint Venture Manager shall have full, exclusive and complete charge of all affairs of the Joint Venture and of the management and control of the Joint Venture, subject only to the limitations set forth in Section 4.4 hereof. The Joint Venture Manager shall have all the rights and powers which may be possessed by a partner pursuant to the Act, and such rights and powers as are otherwise conferred by law or are necessary, advisable and convenient as to the management of the business and affairs of the Joint Venture. TBX Resources, Inc. (or it's designee) is hereby designated by the Venturers to be the "Tax Matters Partner" for federal income tax purposes.
Management of the Joint Venture. All decisions affecting the policies and management of the joint venture will be made by Wilfield as a normal course of daily management.
