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.)
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
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.)