Managing Partners. 1. The Company is managed and administered by one or more Managing Partners (Gérants). Xxxx-Xxx Lagardère was the first Managing Partner of the Company, appointed in late 1992 when the company became a French partnership limited by shares (société en commandite par actions). He held this position until his death in 2003.
2. Throughout the life of the Company, any new Managing Partner is appointed unanimously by the General Partners, with the approval of the Supervisory Board or of the General Meeting as specified in article 14 below.
3. Each Managing Partner has the broadest possible authority to act in any circumstances in the name of the Company, within the scope of the corporate purpose and subject to the powers expressly attributed by law or these Articles of Association to the shareholders’ meetings and to the Supervisory Board. In accordance with the law, individual Managing Partners may authorise and grant, in the name of the Company, any sureties, warranties and undertakings they deem reasonable. Each of the Managing Partners may delegate part of his/her powers to one or more persons, whether or not they are employees of the Company and whether or not such persons have a contractual relationship with the Company. Such delegation in no way affects the duties and liability of the Managing Partner in relation to the exercise of such powers.
4. The Managing Partner(s) must take all due care in handling the business of the Company.
5. The age limit for Managing Partners who are natural persons is 80 years.
6. The term of office of a Managing Partner may not exceed six years but is renewable. Any Managing Partner wishing to resign must inform the other Managing Partners, the General Partners and the Chairman of the Supervisory Board by registered letter with acknowledgement of receipt, at least three months before the date on which said resignation is to take effect. In the event that a corporate General Partner that is also a Managing Partner of the Company, changes its own managing partner(s), chairman of its board of directors and/or chief executive officer(s) and/or chief operating officer(s), it is deemed to have resigned as Managing Partner of the Company, with immediate effect. This is also the case on expiry of the approval of such persons given by the Supervisory Board as described in article 14-6, or in the event of any sale or subscription of shares not approved by the Supervisory Board as described in article 14-3. When a Managing Partner’s o...
Managing Partners. In the general conduct of the Partnership business, all the Partners shall be consulted and the advice and opinions of the Partners shall be obtained so much as is practicable. However, for the purpose of fixing and harmonizing the policies and practices of the Partnership and of securing uniformity and continuity in the conduct of its business, the general management of the Partnership business shall rest solely in the Managing Partners. The Managing Partners shall be: Except in cases of gross negligence or willful misconduct, the doing of any act or the failure to do any act by the Managing Partners, the effect of which may cause or result in loss or damage to the Partnership, shall not subject the Managing Partners to any liability to the remaining Partners or to the Partnership. In the event of the death, physical or mental incapacity, or withdrawal of either Managing Partner from the Partnership, the surviving Partners shall have equal rights in the management of the Partnership and shall appoint successor Managing Partners. Except as otherwise provided herein, no Partner shall make any contract for and on behalf of the Partnership without the prior approval of the other Partners. All contracts shall be made in the name of the Partnership and in the case of any disagreement as to the making of any contract or assumption of any obligation by the Partnership, such contract or obligation shall not be made or executed except as directed by a supermajority of the Partners; further, no Partner shall release nor cancel any indebtedness or obligation due the Partnership, except on full payment thereof, or upon the mutual agreement of all the Partners, nor shall any Partner give, extend, or guarantee credit to or for any person, firm, corporation without the consent of all the Partners, nor at any time shall any Partner sign the firm name nor pledge the firm's credit nor in any other manner act as surety or guarantor in any paper, bill, bond, note, or draft or other obligation whatsoever, nor assign pledge, mortgage, sell or otherwise dispose of, any Partnership property or any interest therein or do anything or permit any act whereby the Partnership's money, interest, or property or its interest therein, may be liable to seizure, attachment, or execution, except upon mutual consent of all the Partners.
Managing Partners. A. The names, addresses and Capital Contributions of the Managing Partners are set forth in Schedule A attached hereto and are incorporated herein. The Managing Partners shall not be required to make any Capital Contribution except as set forth in Sections 3.lB, 3.4 and 8.2C.
X. The Managing Partners shall also contribute an amount of cash sufficient to pay their share of costs allocated to them pursuant to Section 5.3 of this Agreement to the extent that the amount of Income allocated to them (and/or the amount of Production Partnership borrowings incurred on their behalf) is insufficient to pay such costs.
Managing Partners. The overall management and control of the business and affairs of the Joint Venture shall be vested equally by the Manufacturing Partner and the Web Marketing Partner (the “Managing Partners”), and shall require the prior consent and agreement of both Managing Partners. The Managing Partners shall have the exclusive power and authority, on behalf of the Joint Venture, to: (a) manage the business activities of the Joint Venture; (b) purchase, lease or otherwise acquire from, or sell, lease or otherwise dispose of any property or asset to any person; (c) open bank accounts and otherwise invest the funds of the Joint Venture; (d) purchase insurance on the business and assets of the Joint Venture; (e) commence lawsuits and other proceedings; (f) enter into any agreement, instrument or other writing; (g) retain accountants, attorneys or other agents; and (h) take any other lawful action that the Managing Partners consider reasonable and necessary or advisable in connection with any business of the Joint Venture.
Managing Partners. A complete and current list of all managing partners of XxxXxxx. (Schedule I.)
Managing Partners. Party of the _______ part Sri/Smt ________________________ and party of the _______ part Sri/Smt _________________________ shall be the managing partners of the firm.
Managing Partners. The Joint Agency Executive Committee will assign one of its members to act as Managing Partner and provide day-to-day executive oversight to capital and/or operations programs under its direction; separate Managing Partners may be assigned for individual or multiple programs under the Executive Committee. Managing Partners will be responsible for bringing all questions or issues of strategic direction or importance related to an assigned Program and/or Project to the Joint Agency Executive Committee for consultation and deliberation, and will abide by the Committee’s consensus or collective recommendations and decisions. Managing Partners will serve until they resign their appointment or the Joint Agency Executive Committee selects a new appointee. (See also Urban Rail Program Lead section below.) The Managing Partner appointment for Urban Rail Program will be the Chief Executive Officer of the Capital Metropolitan Transportation Authority.
Managing Partners. The first Annual Report shall include a certification by each Managing Partner of the relevant GIS Party that, to the best of his or her knowledge, the relevant GIS Party has complied with its obligations under the Settlement Agreement: (a) not to resubmit to any Federal health care program payors any previously denied claims related to the Covered Conduct addressed in the Settlement Agreement, and not to appeal any such denials of claims; (b) not to charge to or otherwise seek payment from federal or state payors for unallowable costs (as defined in the Settlement Agreement); and (c) to identify and adjust any past charges or claims for unallowable costs.
Managing Partners and Circle Leaders shall provide no less than three (3) weeks’ notice prior to terminating this Agreement or departing their independent contractor relationship with CR. Agent shall pay to CR liquidated damages for failing to provide such notice in the amount of $500. With respect to this Section 3.c., time is of the essence.
Managing Partners. The Department of Labor and the Department of Energy have been identified as the Managing Partners for the Financial Management Line of Business, with the Chief Financial Officer, Department of Labor and the Chief Information Officer, Department of Energy serving as Co-Chairs of the FM LOB initiative. As lead agencies, they are responsible for the overall strategic direction of the initiative and reporting to OMB and the President’s Management Council.
