Board of Representatives Sample Clauses
The 'Board of Representatives' clause establishes a governing body composed of designated individuals who represent the interests of the parties involved in an agreement or organization. This board typically has the authority to make key decisions, oversee management, and ensure that the objectives of the entity are being met. For example, in a joint venture, each party may appoint members to the board to participate in strategic planning and operational oversight. The core function of this clause is to formalize decision-making processes and ensure balanced representation, thereby promoting transparency and collaborative governance.
Board of Representatives. Except as otherwise expressly provided herein, the general management and determination of all questions and policies relating to the affairs and policies of the Company shall be decided by a majority vote of the Representatives. Except as otherwise provided for herein, the Board shall act on behalf of the Company for all purposes in connection with the business and affairs of the Company, and shall have all rights and powers required for or appropriate to its management of the Company’s business.
Board of Representatives. Except as expressly provided herein, ------------------------ the business and affairs of the Partnership (including all actions to be taken by the Partners or by the Partnership under this Agreement) shall be managed by or under the direction of a board of representatives of the Partnership (the "Board") pursuant to the provisions of this Agreement. Except as expressly provided herein, the Board shall have the authority and full discretion with respect to the management of the business and affairs of the Partnership. No Partner shall act on behalf of, or take any action binding, the Partnership without the prior approval or consent of the Board.
Board of Representatives. 1. The States Parties shall designate their respective Permanent Representatives to ARCAL. These representatives (hereinafter referred to as "ARCAL Representatives") shall constitute the "Board of ARCAL Representatives" (hereinafter referred to as "BAR"), the highest decision-making body of the Agreement, which shall meet at least once a year.
2. The "BAR" shall be responsible for:
Board of Representatives. The Parties shall establish the Board of Representatives, within thirty (30) days after the conclusion of this Agreement. The Board of Representatives shall be composed of one (1) authorised representative of each Party. Parties appoint their representatives in accordance with and in the manner determined by their internal affairs acts. The Board of Representatives: - The Board of Representatives advises and decides on important matters relating to this Agreement, ELEXIS Association and its activities. - It decides on activities, fees and other contributions, establishes the text of the Agreement, accepts or rejects new candidate Members, establishes the action lines and performs other activities. - The Board of Representatives shall be chaired by the President of the Board. - The Board of Representatives selects the President among its members by a majority of votes, for a two-year period. - The President selects a Deputy among the members of the Board of Representatives who takes the duties of the President in her/his absence. - It is called by the President to convene the Board of Representatives at least once a year. - All Members must receive at least four (4) weeks' advance written notice of Board of Representatives session. - Board of Representatives decisions are based on a simple majority of the votes of the representatives. The session is quorate if the majority of representatives of the Board of Representatives are present.
Board of Representatives. (a) Initial Board. The Board shall initially consist of the seven following individuals: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III W. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
Board of Representatives. 1. The States Parties shall designate their respective representatives to ARASIA. These representatives shall constitute the “ARASIA Board of Representatives”, the highest decision-making body of the Agreement. The ARASIA Board of Representatives shall meet at least once a year.
2. The Board shall be responsible for:
Board of Representatives. The Board of Representatives shall manage and control, and supervise the management of the business and affairs of the Partnership, and shall act together as a group. The Representatives shall have such rights, duties and powers as are specified in this Agreement.
4.1.1 The Representatives, acting as a Board, have the sole, full and complete authority, power and discretion to manage and control the business, affairs and properties of the Partnership, to make all decisions regarding those matters and to perform any and all other acts or activities necessary or appropriate to the management of the Partnership's business.
4.1.2 The Board shall have the power to delegate responsibilities and authority to subcommittees of the Board or such officers as may be appointed by the Board pursuant to Article VI from time to time, with such general or specific authority to make any contracts, enter into any transaction, and make and obtain any commitments on behalf of the Partnership and to otherwise conduct or further the Partnership's business.
Board of Representatives. Each Member shall designate representatives (“Representatives”) to serve on the Board of Representatives, which shall consist of six individuals, three of whom shall be designated by and serve at the pleasure of Vectren, and three of whom shall be designated by and serve at the pleasure of Cinergy. A Member may remove or redesignate one or more of its Representatives on the Board at any time by giving written notice to each other Member. The Board shall be responsible for determining the ends which the Company will pursue. Further, the Board shall articulate the values, perspectives and rules by which the Company will guide its actions. The Board shall assure that the Company performs in an ethical and prudent manner.
Board of Representatives. The Member shall appoint a Board of Representatives, which shall be vested by the Member with certain approval powers. The Board of Representatives shall meet at such times, in such manner, and at such places as the Board of Representatives may designate; appoint officers; and take action on behalf of the Company by means of the affirmative vote of the majority of the Board of Representatives present at a meeting at which a majority of such Representatives is present. The prior written consent of the Board of Representatives shall be required for any of the following actions: (1) adoption of and approval of any alteration, amendment, or repeal of the Articles of Organization or this Agreement; (2) establishing annual operating and capital budgets of the Company; (3) approval of any expenditure or agreement, other than those involving reimbursement to CCE Participants in accordance with their Participation Agreements, leading to an expenditure that exceeds $10,000.00 per transaction and $25,000.00 in the aggregate per year; (4) purchase or acquisition of any real, personal, or mixed property not included within an amount designated in any operating or capital budget; (5) any sale, gift, lease, mortgage, or other transfer or encumbrance of any real, personal, or mixed property of the Company; (6) borrowing or lending money or the creation of indebtedness through the guaranty of another's debt or similar action; and (7) commencement, disposition, termination or settlement of claims or litigation, or of any claim or threat of litigation, not fully reimbursed by third-party insurance.
Board of Representatives. (i) Initial Board. The Board shall initially consist of the following three individuals: