Common use of Major Decisions Clause in Contracts

Major Decisions. No act shall be taken or funds expended or obligation incurred by the Company, any individual on the Operating Committee, or the Managing Officer with respect to a matter within the scope of any of the major decisions (“Major Decisions”) affecting the Company, as defined below, unless such Major Decision has been approved by the Operating Committee. A decision shall be a Major Decision if it satisfies one of the following:

Appears in 1 contract

Samples: Computer Access Agreement (Community First Bankshares Inc)

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Major Decisions. No act shall be taken or funds expended or obligation incurred by the Company, any individual on the Operating Committee, or the Managing Officer with respect to a matter within the scope of any of the major decisions ("Major Decisions") affecting the Company, as defined below, unless such Major Decision has been approved by the Operating Committeemembers. A decision shall be a Major Decision if it satisfies one of the following:

Appears in 1 contract

Samples: Agreement (Black Amber Florida, Inc.)

Major Decisions. No act shall be taken or funds expended taken, sum expended, or obligation incurred by the Company, Company or any individual on of the Operating Committee, or the Managing Officer with respect to Stockholders respecting a matter within the scope of any of the major decisions (the "Major Decisions") affecting the Company, Company as defined below, unless such Major Decision has been Decisions are first approved by all of the Operating CommitteeStockholders in writing. A decision The Major Decisions shall be a Major Decision if it satisfies one of the following:

Appears in 1 contract

Samples: Stockholders' Agreement (Cannasys Inc)

Major Decisions. No Except as otherwise provided herein, no act --------------- shall be taken or funds taken, money expended or nor an obligation incurred by on behalf of the Company, any individual on the Operating Committee, or the Managing Officer Company with respect to a matter within the scope of any of the major decisions (“Major Decisions”) affecting the Company, as defined below, Decisions described immediately below unless such Major Decision has shall have been approved by a Majority of the Operating CommitteeBoard of Managers. A decision shall be a Major Decision if it satisfies one of Decisions include the following:

Appears in 1 contract

Samples: Operating Agreement (Patina Oil & Gas Corp)

Major Decisions. No act shall be taken or funds expended taken, sum expended, decision made or obligation incurred by the Company, any individual on the Operating Committee, Company or the Managing Officer Managers with respect to a matter within the scope of any of the major decisions enumerated below (the "Major Decisions”) affecting the Company, as defined below"), unless such Major Decision and until the same has been approved by the Operating Committee. A decision shall be a Major Decision if it satisfies one an affirmative vote of the followingMembers, or expressly delegated by the Members in writing. The Major Decisions shall include:

Appears in 1 contract

Samples: Operating Agreement (Mb Software Corp)

Major Decisions. No act shall be taken taken, or funds expended sum expended, or obligation incurred by any member of the Company, Board of Managers or any individual on officer of the Operating Committee, or the Managing Officer Company with respect to a matter any matters within the scope of any of the major decisions affecting the Company as set out below (the "Major Decisions”) affecting the Company, as defined below"), unless such Major Decision has been approved in concept and all the essential terms and conditions approved by the Operating CommitteeBoard of Managers. A decision The Major Decisions shall be a Major Decision if it satisfies one of the following:

Appears in 1 contract

Samples: Limited Liability Operating Agreement (Catalytica Inc)

Major Decisions. No act shall be taken or funds expended taken, sum expended, decision made or obligation incurred by or on behalf of the Company, any individual on the Operating Committee, or the Managing Officer Company with respect to a matter within the scope of any of the major decisions issues enumerated below (each a “Major DecisionsDecision) affecting the Company, as defined below), unless such Major Decision and until the same has been approved by the Operating Committee. A decision shall be a Major Decision if it satisfies unanimous written consent of Members holding one hundred percent (100%) of the followingMembership Interests then outstanding. The Major Decisions are as follows:

Appears in 1 contract

Samples: Limited Liability Company Agreement (EnergySolutions Midwest, LLC)

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Major Decisions. No act shall be taken or funds expended or obligation incurred by the Company, any individual on the Operating Committee, or the Managing Officer with respect to a matter within the scope of any of the major decisions ("Major Decisions") affecting the Company, as defined below, unless such Major Decision has been approved by the Operating Committee. A decision shall be a Major Decision if it satisfies one of the following:

Appears in 1 contract

Samples: Computer Access Agreement (Community First Bankshares Inc)

Major Decisions. No act shall be taken or funds expended taken, sum expended, decision made or obligation incurred by the Company, any individual on the Operating Committee, Participants or the Managing Officer Joint Venture with respect to a any matter within the scope of any of the major decisions (“Major Decisions”) affecting the Company, as defined enumerated below, unless such Major Decision has been approved by the Operating Committee. A decision shall be a Major Decision if it satisfies one majority of the followingrepresentatives present at a meeting of the Management Committee:

Appears in 1 contract

Samples: Agreement (NACG Holdings Inc.)

Major Decisions. No act shall be taken or funds expended taken, sum expended, or obligation incurred by the Company, any individual on Company except by the Operating Committee, or the Managing Officer unanimous approval of Members with respect to a matter within the scope of any of the major decisions (“Major Decisions”) affecting the Company, as defined ” enumerated below, unless such . The Major Decision has been approved by the Operating Committee. A decision Decisions shall be a Major Decision if it satisfies one of the followinginclude:

Appears in 1 contract

Samples: Operating Agreement

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