CORPORATE BODIES Sample Clauses
The 'Corporate Bodies' clause defines which legal entities, such as corporations, limited liability companies, or other organizations, are recognized as parties to the agreement. It typically outlines the rights, responsibilities, and authority of these entities in relation to the contract, ensuring that actions taken under the agreement are properly attributed to the correct corporate body. This clause is essential for clarifying which organizations are bound by the contract and helps prevent disputes over representation or liability.
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CORPORATE BODIES. The Shareholders’ Agreement regulates the mechanisms for designating the members of the Board of Directors and of the Board of Statutory Auditors of the Company, committing the Parties to submit a single list on the occasion of the appointment and of the renewal of each of the corporate bodies, as well as to vote for said list with all the shares the Parties will hold as at the date of the related resolution.
CORPORATE BODIES. The 2020 Shareholders’ Agreement regulates the mechanisms for designating the members of the Board of Directors and of the Board of Statutory Auditors of the Company, setting forth an undertaking for the Parties to submit a single list in the occasion of the appointment and of the renewal of each of the corporate bodies, as well as to vote for said list with all the shares the Parties will hold as at the date of the related resolution.
CORPORATE BODIES. 1. The Company's governing bodies are the General Shareholders Meeting and the Board of Directors, which have the powers respectively assigned to them in the law, these Articles, which may be delegated in the manner and as broadly as determined therein.
2. Authority that has not been attributed to the General Meeting by law or these Articles corresponds to the Board of Directors.
3. The legal and articles regulation of the aforesaid bodies will be developed and completed, respectively, by way of the General Meeting Regulations and the Board of Directors Regulations, which will be approved by the majority of the votes that in each case shall correspond, at a meeting of each of those bodies, constituted in accordance with the provisions of the law and the Articles of Association and which will be made public as provided by law.
CORPORATE BODIES. The bodies of the Company shall include:
1. the Management Board;
2. the Supervisory Board;
3. the Shareholder's Meeting.
CORPORATE BODIES. The Company shall have the following corporate bodies:
2.1.1 the "Shareholders' Meeting" (Gesellschafterversammlung); and
2.1.2 the "Management Board" (Geschaftsfuhrung).
CORPORATE BODIES. The company shall be governed by the quota-shareholders’ general meeting, and it shall be managed and represented by the managing body indicated by the same.
Section 1. Quota –shareholders’ meeting
CORPORATE BODIES. The corporate bodies are as follows:
1. The Board of Directors 2. the Supervisory Board 3. the General Assembly
CORPORATE BODIES. COMPANIES
CORPORATE BODIES. (1) Subject to the provisions of this Act, the Government may permit a corporate body to borrow directly from the Bank, the Corporation, or the Association on similar terms and conditions, and with similar procedures, all else being equal, as apply to borrowings of the Government under section 7 above, provided that the Minister's approval shall be required for any use of borrowed funds other than those specified in the borrowing agreement, and provided further that the corporate body may charge any of its property (movable or immovable), undertaking or revenue to secure any sum owing under a borrowing agreement so authorized.
(2) The Government may use its borrowing authority under section 7, to guarantee in writing the discharge of obligations, or to undertake other similar obligations to any of the Organizations, with regard to any borrowing by any corporate body authorized under subsection (1) above, or any demand deposit of the Fund.
(3) In guaranteeing any borrowing by any corporate body under subsection (2) above, the Government may specify the terms and conditions of such guarantee, including a condition whereby, if it appears to the Privy Council that there is reasonable cause to believe that a default of any obligation previously authorized under subsection (1) above is likely to arise or that the Government is or may become liable to fulfill a guarantee or other undertaking previously authorized under subsection (2) above, the Privy Council may by order give, or authorize any person to give, such directions to the corporate body as are considered necessary or desirable to ensure that the obligations to the Organization in question are met at minimum cost to the Government. Any direction hereunder shall be legally binding on the corporate body, notwithstanding any provision contained in any Act by or under which it is established. Nothing in the provisions of this subsection shall derogate from any other power of the Privy Council or any Minister or public officer with respect to the corporate body.