Common use of Contracting with Third Parties Clause in Contracts

Contracting with Third Parties. 13.1. Except as otherwise provided herein or in the Articles of Association, the General Manager may enter into any contract or make any undertaking with a third party on behalf of or under the name of the JVC for matters in connection with the day-to-day operations and management of the JVC, provided that the General Manager shall submit the material contracts and undertakings of the JVC to the Board of Directors for review and approval and such contracts and undertakings shall be executed by the Chairman of the Board or its authorized person.