Common use of Committees of Directors Clause in Contracts

Committees of Directors. The Board of Directors may, by resolution passed by unanimous consent of the directors, designate one or more committees. Such resolution shall specify the duties and quorum requirements of such committees, each such committee to consist of one or more of the directors. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board of Directors, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Company. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of Directors. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required.

Committees of Directors. The Board of Directors may, by resolution passed by unanimous consent a majority of the directorsDirectors, designate one or more committees. Such resolution shall specify the duties and duties, quorum requirements and qualifications of the members of such committees, each such committee to consist of one or more such number of Directors as the directorsBoard may fix from time to time. The Board of Directors may designate one or more directors Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the Board of DirectorsBoard, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Company. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of DirectorsBoard. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required.

Committees of Directors. (i) The Board of Directors may, by resolution passed by unanimous consent a majority of the directorswhole Board (other than the Independent Directors, subject to Section 9(j)(iii)), designate one or more committees. Such resolution shall specify the duties and quorum requirements of such committees, each such committee to consist of one or more of the directorsDirectors of the Company. The Board of Directors may designate one or more directors Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. . (ii) In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. . (iii) Any such committee, to the extent provided in the resolution of the Board of DirectorsBoard, and subject to, in all cases, Sections 9(j) and 10, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Company. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of DirectorsBoard. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required.

Committees of Directors. (i) The Board of Directors may, by resolution passed by unanimous consent a majority of the directorswhole Board, designate one or more committees. Such resolution shall specify the duties and quorum requirements of such committees, with each such committee to consist of one or more of the directorsDirectors of the Company. The Board of Directors may designate one or more directors Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of such committee. (ii) In the committee. In event of the absence or disqualification of a member of a committee, the member or members thereof present at any meeting of such committee and not disqualified from voting, whether or not such members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the such meeting in the place of any such absent or disqualified member. . (iii) Any such committee, to the extent provided in the resolution of the Board referred to in Paragraph (i) of Directorsthis Subsection (f), shall have and may exercise all of the powers and authority of the Board of Directors in the management of the business and affairs of the Company. Such Each committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of DirectorsBoard. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when requiredrequired by the Board.

Committees of Directors. (i) The Board of Directors may, by resolution passed by unanimous consent a majority of the directorsDirectors entitled to vote, designate one or more committees. Such resolution shall specify the duties and quorum requirements of such committees, each such committee to consist of one or more of the directorsDirectors (excluding the Independent Director) of the Company. The Board of Directors may designate one or more directors Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. . (ii) In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such members constitute a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. . (iii) Any such committee, to the extent provided in the resolution of the Board of DirectorsBoard, and subject, in all cases, to Sections 9(j) and 10, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Company. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Board of DirectorsBoard. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required.