Common use of Power and Authority of Directors Clause in Contracts

Power and Authority of Directors. (a) The Board shall direct or supervise the general management of the Company in accordance with the purpose of the Company contemplated by Section 2.7, and may appoint and designate such committees, officers, agents, and employees as it deems appropriate to manage and operate the Company. (b) The Shareholder agrees that all determinations, decisions and actions made or taken by the Board (or its designee(s)) shall be conclusive and absolutely binding upon the Company, the Shareholder (but only in its capacity as such) and their respective successors, assigns and personal representatives.