RESERVED DECISIONS Sample Clauses

RESERVED DECISIONS. Decisions of the Board under sub-clauses (a) and (f) of Clause 6.4. shall be referred to "Reserved Decisions". In the event of the Board being unable to agree on any Reserved Decision within seven (7) days of the Board meeting, the following procedures shall apply:
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RESERVED DECISIONS. Provided HTIL and any of its associated companies , in aggregate is the largest single shareholder, and directly or indirectlyhold at least 40% of the issued share capital of HoldCo, decisions under clause (i), (vi), (ix) and (xi) will be treated as Reserved Decisions ("Reserved Decisions"). If the Directors cannot agree on any of the Reserved Decisions within seven (7) days of the Board meeting, the following procedures shall apply: Within seven (7) days of the receipt of such summary, the Concerned Directors shall meet and discuss the disputed Reserved Decision and shall take all steps and to reach a consensus acceptable to the Shareholders; If the Concerned Directors are unable to reach a consensus in the manner set forth in sub-clause (b) above within a further period of fourteen (14) days, then the matter shall be referred to the Managing Director/ General Manager of each Shareholder who shall meet and discuss the disputed Reserved Decision and shall take all steps and to reach a consensus; In the event that a consensus can still not be reached within 10 days of the matter being referred to the Managing Director/ General Manager of each Shareholder then the matter will be referred back to the Board where: (1) in respect of Reserved Decisions arising under clause (i), each of the shareholders shall procure that its appointed directors vote on the resolution to give effect to HTIL's direction; and (2) in respect of Reserved Decisions arising under clause (vi), (ix) and (xi), consent of all directors representing shareholders holding more than 10% of the issued share capital of HoldCo, will be required to pass a resolution on the decision
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RESERVED DECISIONS. Notwithstanding anything else express or implied in this Agreement:
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RESERVED DECISIONS. 4.4.1 Certain decisions in relation to the Joint Arrangements shall not be delegated to the JC or to the JAIC but shall be reserved to each Authority (“Reserved Decisions”). Reserved Decisions shall include:
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Related to RESERVED DECISIONS

  • Major Decisions (a) any proposed or actual foreclosure upon or comparable conversion of the ownership of the Property or the exercise of any other remedies with respect to the Loan;

  • Reserved Matters In these Conditions, “

  • Investment Decisions The Subadviser shall determine from time to time what investments and securities will be purchased, retained, sold or loaned by the Series, and what portion of such assets will be invested or held uninvested as cash.

  • Quorum; Voting; Decisions At each JRC meeting, (i) the participation of at least [********] members designated by each Party shall constitute a quorum and (ii) all members designated by each Party who participate shall [********] vote on all matters before the JRC at such meeting. All decisions of the JRC shall be made by [********] vote. Alternatively, the JRC may act by written consent signed by at least [********] members designated by each Party. Whenever any action by the JRC is called for hereunder during a time period in which the JRC is not scheduled to meet, the Chairman shall cause the JRC to take the action in the requested time period by calling a special meeting or by circulating a written consent. Representatives of each Party or of its Affiliates who are not members of the JRC (including the Patent Coordinators) may attend JRC meetings as non-voting observers with the consent of the other Party, which shall not be unreasonably withheld, conditioned or delayed. The Parties shall use reasonable efforts to reach consensus on matters properly before the JRC but, to the extent that that the JRC is unable to resolve any such matter, unless otherwise provided in this Agreement, such matter shall be referred to the ESC to be resolved in accordance with Section 2.1.5.

  • Claim Decision Upon receipt of such claim, the Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional ninety (90) days for reasonable cause by notifying the claimant in writing, prior to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. If the claim is denied in whole or in part, the Plan Administrator shall notify the claimant in writing of such denial. The Plan Administrator shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth:

  • Accounting Decisions All decisions as to accounting principles, except as specifically provided to the contrary herein, shall be made by the General Partner.

  • Independent Credit Decisions Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder.

  • Review of Decision Within sixty (60) days after the Secretary’s receipt of a request for review, he or she will review the Company’s determination. After considering all materials presented by the Claimant, the Secretary will render a written opinion, written in a manner calculated to be understood by the Claimant, setting forth the specific reasons for the decision and containing specific references to the pertinent provisions of this Agreement on which the decision is based. If special circumstances require that the sixty (60) day time period be extended, the Secretary will so notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review.

  • Change Orders Any alteration or deviation from the Services mentioned or any other contractual specifications that result in a revision of this Agreement shall be executed and attached to this Agreement as a change order (“Change Order”).

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