Common use of POWERS AND DUTIES OF DIRECTORS Clause in Contracts

POWERS AND DUTIES OF DIRECTORS. 80. The business of the Company shall be managed by the Directors (or a sole Director if only one is appointed) who may pay all expenses incurred in promoting, registering and setting up the Company, and may exercise all such powers of the Company as are not, from time to time by the Statute, or by these Articles, or such regulations, being not inconsistent with the aforesaid, as may be prescribed by the Company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articles; provided, however, that no regulations made by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been made.

Appears in 5 contracts

Samples: Shareholders’ Agreement (MIE Holdings Corp), Shareholders’ Agreement (MIE Holdings Corp), Shareholders’ Agreement (MIE Holdings Corp)

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POWERS AND DUTIES OF DIRECTORS. 8090. The business of the Company shall be managed in the best interests of the Company by the Directors (or a sole Director if only one is appointed) who may pay all expenses incurred in promoting, registering and setting up the Company, and may exercise all such powers of the Company as are not, from time to time by the Statute, or by these Articles, or such regulations, being not inconsistent with the aforesaid, as may be prescribed by the Company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articles; providedmeeting, provided however, that no regulations made by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been made.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Id Arizona Corp.), Agreement and Plan of Merger (Ideation Acquisition Corp.)

POWERS AND DUTIES OF DIRECTORS. 80. 26.1 The business of the Company shall be managed by the Directors (or a sole Director if only one is appointed) Directors, who may pay all expenses incurred in promoting, promoting and registering and setting up the Company, Company and may exercise all such powers of the Company as are not, from time to time by the Statute, Act or by these Articles, or required to be exercised by the Company in general meeting, subject, nevertheless, to any clause of these Articles, to the provisions of the Act and to such regulations, being not inconsistent with the aforesaidaforesaid clauses or provisions, as may be prescribed by the Company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articles; provided, however, that but no regulations regulation made by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been made.

Appears in 2 contracts

Samples: Merger Agreement and Plan of Reorganization (Hennessy Capital Investment Corp. V), Merger Agreement and Plan of Reorganization (Hennessy Capital Investment Corp. V)

POWERS AND DUTIES OF DIRECTORS. 8077. The business of the Company shall be managed by the Directors (or a sole Director if only one is appointed) who may pay all expenses incurred in promoting, registering and setting up the Company, and may exercise all such powers of the Company as are not, from time to time by the Statute, or by these Articles, or such regulations, being not inconsistent with the aforesaid, as may be prescribed by the Company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articles; provided, however, PROVIDED HOWEVER that no regulations made by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been made.. CAY 2021/02/31

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pacifico Acquisition Corp.)

POWERS AND DUTIES OF DIRECTORS. 8073. The business of the Company company shall be managed by the Directors (or a sole Director if only one is appointed) directors who may pay all expenses incurred in promoting, promoting and registering and setting up the Companycompany, and may exercise all such powers of the Company company as are not, from time to time by the Statute, Act or by these ArticlesRegulations or by agreement in writing between the Company and all members, or required to be exercised by the company in general meeting, subject, nevertheless, to any of these Regulations, to the provisions of the Act, and to such regulations, being not inconsistent with the aforesaidaforesaid Regulations or provisions, as may be prescribed by the Company company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articlesmeeting; provided, however, that but no regulations regulation made by the Company company in general meeting shall invalidate any prior act of the Directors directors which would have been valid if that regulation had not been made.

Appears in 1 contract

Samples: Shareholders’ Agreement (Orangekloud Technology Inc.)

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POWERS AND DUTIES OF DIRECTORS. 8075. The business of the Company shall be managed by the Directors (or a sole Director if only one is appointed) who may pay all expenses incurred in promoting, registering and setting up the Company, and may exercise all such powers of the Company as are not, from time to time by the Statute, or by these Articles, or such regulations, being not inconsistent with the aforesaid, as may be prescribed by the Company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articles; provided, however, PROVIDED HOWEVER that no regulations made by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been made.

Appears in 1 contract

Samples: Share Purchase Agreement (China Mobile Games & Entertainment Group LTD)

POWERS AND DUTIES OF DIRECTORS. 80. The business of the Company shall be managed by the Directors (or a sole Director if only one is appointed) who may pay all expenses incurred in promoting, registering and setting up the Company, and may exercise all such powers of the Company as are not, from time to time by the Statute, or by these Articles, or such regulations, being not inconsistent with the aforesaid, as may be prescribed by the Company in general meeting required to be exercised by the Company in general meeting or otherwise exercised in accordance with these Articles; provided, however, PROVIDED HOWEVER that no regulations made by the Company in general meeting shall invalidate any prior act of the Directors which would have been valid if that regulation had not been madebeenmade.

Appears in 1 contract

Samples: Agreement and Plan of Merger

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