Common use of Inability to Act Clause in Contracts

Inability to Act. In the case of the absence or inability to act of the President, a Vice- President or any other officer of the Co-operative or for any other reason that the board may deem sufficient, the board may delegate all or any of the powers of such officer to any other officer or to a director for the time being, provided that a majority of the board concurs thereon.

Appears in 2 contracts

Samples: Amalgamation Agreement, Amalgamation Agreement

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Inability to Act. In the case of the absence or inability to act of the President, a Vice- President or any other officer of the Co-operative or for any other reason that the board may deem sufficientCorporation, the board Board may from time to time delegate all or any of the powers or duties of such officer to any other officer officer, or to a any director for the time being, provided that a majority of the board concurs thereonor other person whom it may select.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement, Preferred Stock Purchase Agreement (Willis Lease Finance Corp)

Inability to Act. In the case of the absence or inability to act of the President, a Vice- President or any other officer of the Co-operative corporation or for of any other reason that the board may deem sufficientperson authorized by these bylaws to act in such officer's place, the board Board of Directors may from time to time delegate all or any of the powers or duties of such officer to any other officer officer, or to a any director or other person whom it may select, for such period of time as the time being, provided that a majority Board of the board concurs thereonDirectors deems necessary.

Appears in 1 contract

Samples: Escrow Agreement (Copper Mountain Networks Inc)

Inability to Act. In the case of the absence or inability to ---------------- act of the President, a Vice- President or any other officer of the Co-operative corporation or for of any other reason that the board may deem sufficientperson authorized by these bylaws to act in such officer's place, the board Board of Directors may from time to time delegate all or any of the powers or duties of such officer to any other officer officer, or to a any director or other person whom it may select, for such period of time as the time being, provided that a majority Board of the board concurs thereonDirectors deems necessary.

Appears in 1 contract

Samples: License Agreement (Amgen Inc)

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Inability to Act. In the case of the absence or inability to act of the President, a Vice- President or any other officer of the Co-operative or for any other reason that the board may deem sufficientCorporation, the board Board may from time to time delegate all or any of the powers or duties of such officer to any other officer officer, or to a any director for the time being, provided that a majority of the board concurs thereon.or other person whom it may select. SECTION 4.08

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Willis Lease Finance Corp)

Inability to Act. In the case of the absence or inability to act of the President, a Vice- President or any other officer of the Co-operative or for Corporation and of any other reason that the board may deem sufficientperson herein authorized to act in his place, the board Board of Directors may from time to time delegate all or any of the powers or duties of such officer to any other officer officer, or to a any director for the time being, provided that a majority of the board concurs thereonor other person whom it may select.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Provena Foods Inc)

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