Common use of DIRECTORS AND MANAGEMENT Clause in Contracts

DIRECTORS AND MANAGEMENT. 3.1 The parties hereto acknowledge and agree that only ▇▇▇ shall be entitled to nominate and appoint directors of MAL. 3.2 The parties hereto acknowledge and agree that only ▇▇▇ shall be entitled to nominate and appoint directors of CAS. 3.3 The Boards of the Subsidiaries have responsibilities for the supervision and management of the businesses and operations of the Subsidiaries. 3.4 The Boards of the Subsidiaries have the sole right to: (a) Deploy and apply the Capital Investment to run the Subsidiaries. (b) Manage the businesses at their discretion.