Implementation of Resolutions Clause Samples

The 'Implementation of Resolutions' clause defines the obligation of parties to carry out decisions or resolutions that have been formally adopted by a governing body, such as a board of directors or shareholders. This clause typically outlines the process by which resolutions are communicated to relevant parties and specifies the timeframe or manner in which actions must be taken to fulfill the resolution. Its core practical function is to ensure that agreed-upon decisions are effectively executed, thereby promoting organizational efficiency and accountability.
Implementation of Resolutions. (1) Resolutions passed by the Holders' Meeting which amend or supplement the contents of the Terms and Conditions shall be implemented by supplementing or amending the relevant Global Note. If the Global Note is held with a securities depositary, the chairman of the meeting shall to this end transmit the resolution passed and recorded in the minutes to the securities depositary requesting it to attach the documents submitted to the existing documents in an appropriate manner. The chairman shall confirm to the securities depositary that the resolution may be implemented. (2) The Holders' Representative may not exercise any powers or authorisations granted to it by resolution for as long as the underlying resolution may not be implemented. (1) 1 to 12 of Part A shall apply mutatis mutandis to the taking of votes without a meeting, unless otherwise provided in the following paragraphs. (2) The voting shall be conducted by the person presiding over the taking of votes. Such person shall be a notary appointed by the Issuer, or the Holders' Representative if the latter has called for the taking of votes, or a person appointed by the court. § 1 (2) sentence 2 of Part A shall apply mutatis mutandis. (3) The call for the taking of votes shall specify the period within which votes may be cast. Such period shall not be less than 72 hours. During such period, the Holders may cast their votes in text form (Textform) to the person presiding over the taking of votes. The Convening Notice may provide for other forms of casting votes. The call for the taking of votes shall give details as to the prerequisites which must be met for the votes to qualify for being counted. (4) The person presiding over the taking of votes shall determine the entitlement to vote on the basis of proof presented and shall prepare a roster of the Holders entitled to vote. If a quorum does not exist, the person presiding over the taking of votes may convene a Holders' Meeting. Such meeting shall be deemed to be a second meeting within the meaning of § 7(3) sentence 3 of Part A. Minutes shall be taken of each resolution passed. § 8
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Implementation of Resolutions. 12.1 Resolutions passed by the Holders' Meeting which amend or supplement the contents of the Conditions of Issue shall be implemented by supplementing or amending the relevant Global Note. If the Global Note is held with a securities depositary, the chairman of the meeting shall to this end transmit the resolution passed and recorded in the minutes to the securities depositary requesting it to attach the documents submitted to the existing documents in an appropriate manner. The chairman shall confirm to the securities depositary that the resolution may be implemented. 12.2 The Holders' Representative may not exercise any powers or authorisations granted to it by resolution for as long as the underlying resolution may not be implemented.
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Related to Implementation of Resolutions

  • Copies of Resolutions Copies of all proposed or adopted motions, briefs, resolutions, by- laws or rules and regulations by the Municipal, Regional, Provincial or Federal Government or their respective advisory committees which affect the members of this Union and/or the general provision of day care, received by either party shall be maintained in an open file to which the Employees have access.

  • Implementation of Agreement Each Party must promptly execute all documents and do all such acts and things as is necessary or desirable to implement and give full effect to the provisions of this Agreement.

  • Problem Resolution The parties shall meet and attempt to resolve all disputes and differences that may arise between the parties hereto concerning construction, interpretation, performance, operations, or breach of the matters referred to in this Agreement prior to seeking any legal remedy.

  • Implementation and Review The Parties shall consult annually, or as otherwise agreed, to review the implementation of this Chapter and consider other matters of mutual interest affecting trade in services. (10) 10 Such consultations will be addressed under Article 170 (Free Trade Commission) of Chapter 14 (Administration of the Agreement).

  • Implementation Plan The Authority shall cause to be prepared an Implementation Plan meeting the requirements of Public Utilities Code Section 366.2 and any applicable Public Utilities Commission regulations as soon after the Effective Date as reasonably practicable. The Implementation Plan shall not be filed with the Public Utilities Commission until it is approved by the Board in the manner provided by Section 4.9.