Substitute Representative definition
Examples of Substitute Representative in a sentence
For example: If SCG and its Affiliates holds 50,000,000 Shares and Scailex and its Affiliates and Joining Third Parties hold, in the aggregate, 25,000,000 Shares, the voting power of the Representative (or Substitute Representative) appointed by SCG at any Preliminary Meeting shall be 0.67% (50,000,000 / 75,000,000) and the voting power of the Representative (or Substitute Representative) appointed by Scailex shall be 0.33% (25,000,000 / 75,000,000).
If no quorum shall exist at the Adjourned Preliminary Meeting within a half an hour from the time that was set for convening the Adjourned Preliminary Meeting, any Representative (or Substitute Representative), of any Shareholder, present (in person or by means of communications)shall constitute a quorum.
Each General Partner represents that it will use its best efforts to have a Partner Representative or Substitute Representative present at all regular and properly noticed special meetings of the Management Committee.
Each General Partner shall appoint at all times and from time to time (i) two (2) representatives (a "Partner Representative"), and (ii) one substitute representative (a "Substitute Representative") who may, from time to time, replace or act for a Partner Representative, for purposes of making any decision required of the Partnership hereunder.
Any Substitute Representative appointed by the Sellers and Principals shall be deemed to be the Seller Representative for purposes of this Agreement and have all the rights and obligations as such hereunder.
To the extent that the provisions of Section 13.2(ii) are applicable, then all bank accounts of the Partnership shall require the co-signature of one Partner Representative or Substitute Representative of BAV and one Partner Representative or Substitute Representative of Builder before any amount or expenditure can be paid out of the operating account.
Each General Partner represents and warrants that its respective Partner Representatives and Substitute Representative shall have full authority to act on its behalf at meetings of the Management Committee or otherwise to bind such General Partner.
Each General Partner may, upon Notice to the other General Partner at any time and from time to time, appoint, substitute and replace a Partner Representative or Substitute Representative.
Each Partner Representative and Substitute Representative shall be a natural person and shall be reasonably available for discussions and consultations relating to the business of the Partnership on Business Days during normal business hours.
Except as set forth in Paragraph 13.2(ii), and in this Section 9.8, all bank accounts of the Partnership shall only require the signature of any one of the Partner Representatives or Substitute Representative for any disbursements.