Common use of The Committee Clause in Contracts

The Committee. The Committee is composed by three members, including the Chairman of the SHA, who remain in office for three years and cease to hold the office due to expiration of term, death, supervening incapacity, resignation, or revocation by the Parties’ Meeting. The Committee shall meet upon calling of the Chairman of the SHA or upon request by two members. The Committee shall meet prior to each Parties’ Meeting. The Committee shall be in charge of preparatory and organizational functions, in addition to any other task assigned to it by the Parties’ Meeting. Upon the invitation of the Chairman of the SHA, representatives of the Bank may attend the Committee’s meetings.