Directors or Officers. The management of the Company is vested exclusively in its members. The Vendor is, and the Purchaser shall be upon the Closing, the sole member of the Company with, in its capacity as sole member, authority to make all decisions and take all actions for the Company as, in its sole discretion, it shall deem necessary and appropriate to enable the Company to carry out any lawful activity, including but not limited to carrying on the acquisition, ownership, operation and disposition of oceangoing vessels. Notwithstanding its authority to do so as sole member of the Company, the Vendor has not appointed or elected any individuals to officer positions of the Company.
Directors or Officers. The management of each Target Company is vested exclusively in its Board of Directors (or comparable governing body). A Vendor Group Company is, and the Purchaser (or its nominee) shall be upon the Closing, the sole member or sole shareholder (as the case may be) of each Target Company with, in its capacity as such, authority to select the Board of Directors (or comparable governing body) which shall make all decisions and take all actions for the Target Company as, in their sole discretion, they shall deem necessary and appropriate to enable the Target Company to carry out any lawful activity, including but not limited to carrying on the acquisition, ownership, operation and disposition of oceangoing vessels.
Directors or Officers. Schedule 4.26 correctly lists all of the present officers, directors and any other key management personnel of each Acquired Ryder Entity.
Directors or Officers. Nothing in this Agreement will limit or restrict Stockholder from (1) acting in Stockholder’s capacity as a director or officer of the Company, to the extent applicable, it being understood that this Agreement shall apply to Stockholder in Stockholder’s capacity as a stockholder of the Company, or (2) voting in Stockholder’s sole discretion on any matter other than matters referred to in Section I.A.
Directors or Officers. The management of Navion Gothenburg LLC is vested exclusively in its members. The Vendor is, and the Purchaser shall be upon the Closing, the sole member of Navion Gothenburg LLC with, in its capacity as sole member, authority to make all decisions and take all actions for Navion Gothenburg LLC as, in its sole discretion, it shall deem necessary and appropriate to enable Navion Gothenburg LLC to carry out any lawful activity, including but not limited to carrying on the acquisition, ownership, operation and disposition of oceangoing vessels. Notwithstanding its authority to do so as sole member of Navion Gothenburg LLC, the Vendor has not appointed or elected any individuals to officer positions of Navion Gothenburg LLC. The management of Navion Gothenburg AS is vested in its Board of Directors: Xxxxxxx Xxxx — Chairman; Arve Torkjel Ustgard — Managing Director; and, Xxxxx Xxxxxxx. Teekay Shipping Norway AS is, and Teekay Norway AS shall be upon the Closing, the sole shareholder of Navion Gothenburg AS with, in its capacity as shareholder, authority to appoint Directors to the Board of Navion Gothenburg AS to make all decisions and take all actions for Navion Gothenburg AS as, in its sole discretion, it shall deem necessary and appropriate to enable Navion Gothenburg AS to carry out any lawful activity.
Directors or Officers. Schedule 3.6.1 correctly --------------------- -------------- lists all of the present officers and directors of TCM and its Subsidiaries.
Directors or Officers. The management of the Company is vested exclusively in its members. The Vendor is, and the Purchaser shall be upon the Closing, the sole member of the Company with, in its capacity as sole member, authority to make all decisions and take all actions for the Company as, in its sole discretion, it shall deem necessary and appropriate to enable the Company to carry out any lawful activity, including but not limited to carrying on the acquisition, ownership, operation and disposition of oceangoing vessels. Notwithstanding its authority to do so as sole member of the Company, the Vendor has not appointed or elected any individuals to officer positions of the Company. Schedule 3 : Warranties and Representations as of the Closing Date 4 Financial Arrangements
Directors or Officers. The management of Navion Bergen LLC is vested exclusively in its members. The Vendor is, and the Purchaser shall be upon the Closing, the sole member of Navion Bergen LLC with, in its capacity as sole member, authority to make all decisions and take all actions for Navion Bergen LLC as, in its sole discretion, it shall deem necessary and appropriate to enable Navion Bergen LLC to carry out any lawful activity, including but not limited to carrying on the acquisition, ownership, operation and disposition of oceangoing vessels. Notwithstanding its authority to do so as sole member of Navion Bergen LLC, the Vendor has not appointed or elected any individuals to officer positions of Navion Bergen LLC. The management of Navion Bergen AS is vested in its Board of Directors: Xxxxxxx Xxxx – Chairman; Arve Torkjel Ustgard – Managing Director; and, Xxxxx Xxxxxxx. Teekay Shipping Norway AS is, and Teekay Norway AS shall be upon the Closing, the sole shareholder of Navion Bergen AS with, in its capacity as shareholder, authority to appoint Directors to the Board of Navion Bergen AS to make all decisions and take all actions for Navion Bergen AS as, in its sole discretion, it shall deem necessary and appropriate to enable Navion Bergen AS to carry out any lawful activity.
Directors or Officers. The management of the Company is vested in its Board of Directors: Xxxxx Xxxxxxxx, Xxxxx Manastarovski, and Xxxxx Xxxx. The Vendor is, and the Purchaser shall be upon the Closing, the sole shareholder of the Company with, in its capacity as shareholder, authority to appoint Directors to the Board of the Company to make all decisions and take all actions for the Company as, in its sole discretion, it shall deem necessary and appropriate to enable the Company to carry out any lawful activity.
Directors or Officers. Schedule 3.1.14 correctly lists all of the present officers and directors of the Company and its Subsidiaries.
