Common use of Action by Directors Clause in Contracts

Action by Directors. Whenever any action hereunder or in connection with the Rights is required or permitted to be taken by the Directors of the Company, such action may be taken by the Executive Committee of the Directors or by any other duly authorized committee thereof.

Action by Directors. Whenever any action hereunder or in connection with the Rights is required or permitted to be taken by the Board of Directors of the Company, such action may be taken by the Executive Committee of the Directors Board or by any other duly authorized committee thereofthereof (with, where specifically provided for herein, the concurrence of the Continuing Directors).