Common use of Manager may delegate Clause in Contracts

Manager may delegate. The Manager may delegate any of its rights, remedies, powers, discretions and obligations, provided that: (a) the Manager may only delegate the whole of its rights, remedies, powers, discretions and obligations with the approval of the Management Committee; (b) any delegation does Dot relieve the Manager of any of its obligations or responsibilities under this agreement; (c) the Manager informs the Management Committee at its next meeting of the identity of the delegate and the matter which has been delegated; and (d) the delegation is at no additional cost to the Joint Venturers.

Appears in 2 contracts

Samples: Joint Venture Agreement (GEO JS Tech Group Corp.), Joint Venture Agreement (GEO JS Tech Group Corp.)

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Manager may delegate. The Manager may delegate any of its rights, remedies, powers, discretions and obligations, provided that: (a) the Manager may only delegate the whole of its rights, remedies, powers, discretions and obligations with the approval a Unanimous Vote of the Management Committee; (b) any delegation does Dot not relieve the Manager of any of its obligations or responsibilities under this agreement; (c) the Manager informs the Management Committee at its next meeting of the identity of the delegate and the matter which has been delegated; and and (d) the delegation is at no additional cost to the Joint Venturers.

Appears in 1 contract

Samples: Joint Venture Agreement

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Manager may delegate. The Manager may delegate any of its rights, remedies, powers, discretions and obligationsobligations to an agent of the Manager, provided that: (a) the Manager may only delegate the whole of its rights, remedies, powers, discretions and obligations with the approval of the Management Committee; (b) any delegation does Dot not relieve the Manager of any of its obligations or responsibilities under this agreement;Agreement; and (c) the Manager it informs the Management Committee at its next meeting of the identity of the delegate and the matter which has been delegated; and (d) the delegation is at no additional cost to the Joint Venturers.

Appears in 1 contract

Samples: Exploration Joint Venture Agreement (Emc Metals Corp.)

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