Common use of Effect on Directors and Officers of the Deed Company Clause in Contracts

Effect on Directors and Officers of the Deed Company. (a) Subject to Clause 5.4(b), during the Deed Period, unless authorised in writing by the Deed Administrators, the Directors and Officers of the Deed Company cannot perform or exercise, and must not purport to perform or exercise, a function or power as an Officer of the Deed Company.

Effect on Directors and Officers of the Deed Company. (a) Subject to Clause 5.4(b5.4 (General powers of the Deed Administrators), during the Deed Period, unless authorised in writing by the Deed Administrators, the Directors and Officers of the Deed Company cannot perform or exercise, and must not purport to perform or exercise, a function or power as an Officer of the Deed Company.