Establishment; Appointment and Removal of Members; Finance and Operating Committee Chairman Sample Clauses

Establishment; Appointment and Removal of Members; Finance and Operating Committee Chairman. The Shareholders hereby establish a Finance and Operating Committee (the “Finance and Operating Committee”). The Finance and Operating Committee shall consist of one or more members (and one or more alternate members therefor) appointed and removed by the Apex Shareholders (each, an “Apex Member”) and one or more members (and one or more alternate members therefor) appointed and removed by the Sumitomo Shareholders (each, a “Sumitomo Member”). The chairman of the Finance and Operating Committee (the “Finance and Operating Committee Chairman”) shall be appointed and removed by the Shareholder Group that has an aggregate Interest Ratio in excess of 50% (or by the Shareholder Group having the largest aggregate Interest Ratio, if no Shareholder Group has an aggregate Interest Ratio in excess of 50%) from among the members of the Finance and Operating Committee. Subject to the limitations contained in Section 2.7(e), the term and duties of the Finance and Operating Committee Chairman shall be as determined by the Finance and Operating Committee.
Sample 1
AutoNDA by SimpleDocs

Related to Establishment; Appointment and Removal of Members; Finance and Operating Committee Chairman

  • Removal of Board Members Each Stockholder also agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that:

  • Removal of General Partner (a) The Special Limited Partner or the Limited Partner, or both of them, may remove the General Partner for cause if such General Partner, its officers or directors, if applicable, has:

  • Election and Removal of Directors Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

  • Term of Agreement; Resignation and Removal of Administrator This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate.

  • Restrictions on chartering, appointment of managers etc No Borrower shall, in relation to the Ship owned by it:

  • Resignation and Removal of Officers An officer may resign at any time by delivering notice to the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date. If a resignation is made effective at a later date and the Company accepts the future effective date, the Board may fill the pending vacancy before the effective date if the Board provides that the successor shall not take office until the effective date. The Board may remove any officer at any time with or without cause.

  • Term of Agreement; Resignation and Removal of the Administrator (a) This Agreement shall continue in force until the dissolution of the Issuing Entity, upon which event this Agreement shall automatically terminate.

  • Removal and Replacement of Directors (a) A Director shall be removed from the Board, with or without cause, upon, and only upon, the affirmative vote of the Shareholders in accordance with this Section 5.3.3. Each Shareholder shall vote its Shares for the removal of a Director upon the request of the Shareholder that nominated such Director. Otherwise, no Shareholder shall vote for the removal of a Director.

  • Duties of General Partner The General Partner agrees that it shall at all times:

Time is Money Join Law Insider Premium to draft better contracts faster.