Management of the Joint Venture. The business and affairs of the Joint Venture shall be conducted and managed by the Venturers in accordance with this Agreement and the laws of _____________________. Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation and control of the business and affairs of the Joint Venture and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Venturers holding a majority of the Venturers' Percentage Interests. The Venturers shall devote such time and attention as the Venturers deem necessary to the conduct and management of the business and affairs of the Joint Venture. During the existence of the joint venture the parties shall be solely responsible for performing the following duties:
Management of the Joint Venture. The day-to-day operations of the Joint Venture shall be managed by Canbiola Sub. Canbiola Sub shall have full and complete discretion to manage and control the business and affairs of the Joint Venture, to make all decisions affecting the business and affairs of the Joint Venture, and to take all such actions as it deems necessary or appropriate to accomplish the purposes of the Joint Venture. The actions of Canbiola Sub taken in accordance with the provisions of this Agreement shall bind the Joint Venture.
Management of the Joint Venture. The powers, responsibilities and procedures of the shareholders, boards of directors and officers of the Joint Venture shall be as specified in this Agreement and in the formation documents for each of the Joint Venture Companies, respectively.
Management of the Joint Venture. (a) The overall management and control of the business and affairs of the Joint Venture shall be vested solely in SMC. Effective September __, 1995, SMC is hereby designated as the manager (hereinafter sometimes referred to as the "MANAGER") with duties prescribed in this Agreement. The Manager shall be responsible for the implementation of the decisions of the Parties and for conducting the ordinary and usual business and affairs of the Joint Venture.
Management of the Joint Venture. (a) Subject to the actions and decisions that are reserved for the Members pursuant to Section 6.5 and elsewhere in this Agreement or by the Act, the Managing Member shall have full, exclusive, and complete discretion, power, and authority, to manage, control, administer, and operate the day-to-day business and affairs of the Joint Venture for the purposes herein stated, and to make all decisions affecting such business and affairs that are in the ordinary course of business, including, without limitation, for Joint Venture purposes, the power to (i) authorize and make expenditures that have been approved by the Members as part of the Budget or otherwise, including, without limitation, all legal, accounting and other related expenses incurred in connection with the organization and financing and operation of the Joint Venture; (ii) sign checks or authorize payment of such approved expenditures; and (iii) to execute any and all other instruments and documents which may be necessary or in the opinion of the Managing Member desirable to carry out the intent and purpose of this Agreement.
Management of the Joint Venture. Following the Closing, the Joint Venture shall be managed in compliance with this Agreement, the respective Statutes and the annual business plan adopted by the Advisory Board (the “Annual Budget”) and otherwise in accordance with applicable laws. The Annual Budget set out in Annex 8 will be based on a budget presentation which shall include financial information (profit and loss statement, balance sheet, capital expenditures and cash flow). Further, the Parties undertake that they will cooperate in the running of the Joint Venture’s business to the effect that the business of the Joint Venture, including its subsidiaries from time to time, shall be conducted and managed for the benefit of all Shareholders with the aim to maximize value and profits and in line with applicable laws and best business practice.
Management of the Joint Venture. (i) The Joint Venture Company shall be managed by a Board of Directors (or equivalent management board depending upon the form of the organization finally chosen). The Board shall be comprised of two representatives from TRB and two representatives from Indian Partner. All decisions of the board shall be made by a majority vote; however, the Board shall delegate to TRB exclusive authority to supervise, inspect and approve the quality of all Covered Products in TRB's sole discretion along with export policies to Africa. TRB and Indian Partner shall each have full and free access to the books and records of the Joint Venture Company at all times; In the event of any future incidents regarding dilution of promoters' equity such as primary or secondary public issues, TRB retains the exclusive authority to make company policy and to supervise, inspect and approve the quality of all "covered products". However, TRB will not be responsible for claims made by customers, any returns for any reason, and after market defects except TRB's proprietary parts.
Management of the Joint Venture. The Board of Directors of the Joint Venture shall have full responsibility and authority for the performance of the Joint Venture purpose. Actions and decisions of the Board shall be by majority vote. The Chairman of the Board of Directors shall break any tie in the voting. Any majority vote shall be final, conclusive and binding upon the parties.
Management of the Joint Venture. (a) From the Signing Date until the Closing Date or the Interim Sale Termination Date, to the fullest extent permitted by applicable Law, subject to obtaining any required derogation from the Commission of the European Union and subject to Section 5.01(d) hereof, Atlas, FT and DT, or any one of FT or DT, will manage the operations of the Joint Venture without the participation of Sprint or any of its Affiliates. Sprint will take all action necessary or appropriate, directly or indirectly, through any JV Entity, including amending the organizational documents of any JV Entity, or otherwise, to give effect to the foregoing.
Management of the Joint Venture. All decisions affecting the policies and management of the joint venture will be made by Wilfield as a normal course of daily management.
