Significant Matters definition

Significant Matters means (i) any amendment to this Agreement (excluding updates to Exhibit A solely to update notice information pursuant to Section 16.8), including but not limited to the Southeast EEM Market Rules, (ii) the appointment, removal, substitution and replacement of the Southeast EEM Agent and/or the Southeast EEM Administrator and the approval of, and any amendment or extension of, the agreement(s) between the Southeast EEM Agent (on behalf of the Members, including the Southeast EEM Agent Scope) and/or the Southeast EEM Administrator, (iii) the development of, or any material modification to, the Southeast EEM Algorithm or the Southeast EEM System, (iv) the appointment, removal, substitution and replacement of the Market Auditor, and any amendment or extension of the agreement(s) between the Southeast EEM Agent (on behalf of the Members) and the Market Auditor that would modify the scope set forth in Section 10.2.1, (v) any other contract or writing that obligates any Member to pay two hundred thousand dollars ($200,000) or more in a calendar year in excess of such Member’s allocated share of costs as set forth in the Annual Budget, (vi) the submission of any Regulatory Filing on behalf of the Members, provided that (a) no Member can be compelled to join any Regulatory Filing, and (b) no Member can be compelled to take any action that in the reasonable view of such Member would jeopardize its jurisdictional status, (vii) the sale of all or substantially all of the property held by the Southeast EEM Agent (if any) for the benefit of the Southeast EEM System, or (viii) pursuant to Section 4.2.2, the (A) suspension of a Member’s voting rights, (B) removal of a Member from any committee appointment, and (C) suspension of any Member’s access to the Southeast EEM System.
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Significant Matters means the matters set out in Clause 3.3.2;
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Significant Matters set forth in Section 7.03 and “Member Matters” set forth in Section 7.04, the Members and their respective Affiliates will be permitted to enter into Business Development Services Contracts without the prior approval of the Board or the Members, subject to the following limitations:
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Examples of Significant Matters in a sentence

  • Furthermore, CNRC and MTP have agreed that, with respect to the Significant Matters, any possible decision taken in the Pirelli Board of Directors against the relevant proposal submitted to the Board by the Pirelli CEO and Executive Vice Chairman shall be motivated and shall in any case take into account the best interest of Pirelli.

  • The Pirelli Executive Vice Chairman shall be delegated (i) the power and authority concerning the general strategies of the Company (also with respect to the Pirelli Significant Matters indicated below) and (ii) the supervision on the implementation by the Pirelli CEO, the General Manager and the Management of the business plan.

  • The CEO is hereby expressly authorized to (A) implement matters approved by the Board in accordance with Section 6.2, (B) implement Significant Matters approved pursuant to the Significant Matter approval process contained in Section 6.4 and (C) once the initial Business Plan and Budget are in effect in accordance with Section 8.1, operate the Company in accordance with the Charter, Business Plan and Budget in effect from time to time in accordance with Section 8.1.

  • At all times, the Annual Plan and Budget, and the Multi-Year Plan approved by the Board, and any proposed modifications thereto, shall be subject to approval, review, amendment and modification by the Board (subject to the Significant Matters approval requirements contained in Section 6.4).

  • The Members shall make subsequent capital contributions of cash from time to time as set forth in the then current Annual Plan and Budget or as otherwise approved pursuant to the Significant Matters Approval process pursuant to Section 6.4.

  • The Board shall continue to manage, and the Officers shall continue to operate, the Company consistent with the existing Annual Plan and Budget and, to the extent that it does not conflict with the Annual Plan and Budget, the existing Multi-Year Plan approved by the Board until a revised Annual Plan and Budget and (if applicable) a revised Multi-Year Plan is approved by the Board (subject to the Significant Matters approval requirements contained in Section 6.4).

  • Furthermore, CNRC and MTP have agreed that, with respect to the Significant Matters, any possible decision taken in the Pirelli Board of Directors against the relevant proposal submitted to the Board by the Pirelli CEO shall be motivated and shall in any case take into account the best interest of ▇▇▇▇▇▇▇.

  • Furthermore, CNRC and MTP have agreed that, with respect to the Significant Matters, any possible decision taken in the Pirelli Board of Directors against the relevant proposal submitted to the Board by the Pirelli CEO and Executive Vice Chairman shall be motivated and shall in any case take into account the best interest of ▇▇▇▇▇▇▇.

  • Within the Pirelli Board of Directors, (i) all decisions concerning the Pirelli Significant Matters shall be resolved and approved with the favorable vote of the majority of the directors in office, while (ii) all other decisions shall be resolved and approved with the presence of the majority of the directors in office and the majority of the directors attending the relevant meeting.

  • The Management Committee shall have full power and authority to direct and control the business and affairs of the Company except as otherwise required by applicable law, and subject to the right of the Management Committee to delegate such power and authority to Persons responsible for day-to-day operation of the Company (it being understood that authority to undertake Significant Matters prior to approval by the Management Committee shall not be so delegated).