Common use of Managing Party Clause in Contracts

Managing Party. The managing party of joint operations shall be UNIMAG. UNIMAG shall oversee the operations of the Merging Company, in conjunction with the present ownership of the Merging Company, as if the Merging Company were already a subsidiary of UNIMAG. All decisions made by UNIMAG with respect to the operations of the Merging Company will be submitted to "The Merger Board" (hereinafter referred to as TMB) for final approval prior to implementation. TMB shall consist of the following individuals, or their designees:

Managing Party. The managing party of joint operations shall be UNIMAG. UNIMAG shall oversee the operations of the Merging Company, in conjunction with the present ownership of the Merging Company, as if the Merging Company were already a subsidiary of UNIMAG. All decisions made by UNIMAG with respect to the operations of the Merging Company will be submitted to "The Merger Board" (hereinafter referred to as TMB) for final approval prior to implementation. TMB shall consist of the following individuals, or their designees:.