Common use of Equity Committee Clause in Contracts

Equity Committee. The General Partner shall establish a committee initially comprised of Xxxxx X. Xxxxxx, Xxxxxx X. Xxxxxxx and Xxxxx Xxxx (the “Equity Committee”). The Equity Committee shall have the sole authority to take the actions permitted to be taken by the Equity Committee pursuant to this Agreement. All decisions made by the Equity Committee must be unanimously decided by the members of the Equity Committee. The General Partner may not appoint additional members to serve on the Equity Committee without the unanimous prior approval of the Equity Committee. At such time as an Equity Committee member is not employed by, or does not serve as a director of, the General Partner, the Partnership or its subsidiaries, such member shall no longer serve as a member of the Equity Committee.

Equity Committee. The General Partner shall establish a committee initially comprised of Xxxxx X. Xxxxxx, Xxxxxx Xxxxx X. Xxxxxxx Xxxxxxxxxxx and Xxxxx Xxxx (the “Equity Committee”). The Equity Committee shall have the sole authority to take the actions permitted to be taken by the Equity Committee pursuant to this Agreement. All decisions made by the Equity Committee must be unanimously decided by the members of the Equity Committee. The General Partner may not appoint additional members to serve on the Equity Committee without the unanimous prior approval of the Equity Committee. At such time as an Equity Committee member is not employed by, or does not serve as a director of, the General Partner, the Partnership or its subsidiaries, such member shall no longer serve as a member of the Equity Committee.