Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of two (2) members appointed by Ivanhoe and two (2) members appointed by Entree. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments by a Participant shall be made or changed by notice to the other members. The Participant which is the Manager shall designate one of its members to serve as the chair of the Management Committee.
Organization and Composition. The Participants hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of one member appointed by each Participant. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments shall be made or changed by notice to the other Participants.
Organization and Composition. The Members hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. Except in the case of an emergency as provided for in Section 10.8, all Programs, Budgets, Project Financings and other significant matters concerning the Operations will be subject to the supervision of the Management Committee. The Management Committee shall consist of one (1) member appointed by TSVLP and one (1) member appointed by USEC. Each Member may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments shall be made or changed by notice to the other Member and to the Manager.
Organization and Composition. The Members hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement and to make all decisions in respect of Mining Operations. The Management Committee shall consist of one representative appointed by AUC and one representative appointed by Strathmore. Each Member may appoint one alternate to act in the absence of a regular representative. Any alternate so acting shall be deemed a representative. Appointments described in this Section 11.1 by a Member shall be made or changed by notice to the other Members.
Organization and Composition. Upon execution of this Agreement, the Participants shall establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall initially consist of two (2) members appointed by NJMC and one (1) member appointed by UMS. These may change through majority vote of the Participants. Each Participant may appoint one or more alternates to act and vote in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments shall be made or changed by prior written Notice to the other Participant.
Organization and Composition. The Membershereby establish a committee (the “Management Committee”) consisting of five (5) representatives (“Representatives”), of which, (i) at any time before BSC successfully completes the Earn-In Right or if the Earn-In Right expires without being successfully completed, (A) three (3) Representatives shall be appointed by ISLV and (B) two (2) Representatives shall be appointed by BSC, (ii) at any time after BSC successfully completes the Earn-In Right, (A) two (2) Representatives shall be appointed by ISLV and (B) three (3) Representatives shall be appointed by BSC. At any time ISLV is entitled to appoint three (3) Representatives, a Representative appointed by ISLV shall serve as the chair of the Management Committee. At any time BSC is entitled to appoint three (3) Representatives, a Representative appointed by BSC shall serve as the chair of the Management Committee. Appointments of Representatives controlled by a given Member may be made or changed at any time by notice to the other Members. No Member or Representative shall have the power to bind the Company or to execute documents and instruments on behalf of the Company, unless such Member or Representative is also an Officer or such power and authority has been delegated by the Management Committee to such Member or Representative, and then only in that capacity. The initial Representative appointed by ISLV are Xxxxx X. Xxxxxxxx, Xxxxx XxXxxxxx, and Xxxxx Xxxxxx, with Xxxxx XxXxxxxx serving as the chair of the Management Committee. The initial Representatives appointed by BSC are Xxx Xxxxxxxxxx and Xxxxx Xxxx. Each of ISLV and BSC shall have the right to designate a non-voting observer (“Observer”) to attend meetings of the Management Committee. The Observer designated by BSC is Xxxx Xxxxxxxx. The Observer designated by ISLV is Xxxxx Xxxxxx. The compensation of any non-chairman Representative shall be equal to $20,000 per year and the compensation of the chairman Representative shall be equal to $50,000 per year, provided, however, an Observer shall not be entitled to any compensation. An Observer may be changed at any time by the Member capable of appointing the Observer.
Organization and Composition. The Members hereby establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of two (2) member(s) appointed by Patricx xxx xwo (2) member(s) appointed by KLT Gas. Each Member may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a Member. Appointments by a Member shall be made or changed by notice to the other Members. Patricx xxxxx designate one of its Members to serve as the chair of the Management Committee.
Organization and Composition. The Members hereby establish a committee (the "Management Committee") consisting of three representatives ("Representatives"), of which (i) two (2) Representatives shall be appointed by IGLD, and (ii) one (1) Representative shall be appointed by AGEI. A Representative of the Member that holds greater than fifty percent (50%) of the Interests of the Members shall serve as the chair of the Management Committee. Each Member may appoint one or more alternate Representatives to act in the absence of a regular Representative. Appointments of Representatives may be made or changed at any time by notice to the other Member. Representatives shall not be considered managers under the Act, but derive all of their right, power and authority from the Members. No Member or Representative shall have the power to bind the Company or to execute documents and instruments on behalf of the Company, unless such Member or Representative also is a Manager or officer or such power and authority has been delegated by the Manager to such Member or Representative, and then only in that capacity.
Organization and Composition. Within 30 days after the execution of this Agreement, the Participants by notice to each other of their respective appointed members shall establish a Management Committee to determine overall policies, objectives, procedures, methods and actions under this Agreement. The Management Committee shall consist of one member appointed by each Participant. Each Participant may appoint one or more alternates to act in the absence of a regular member. Any alternate so acting shall be deemed a member. Appointments shall be made or changed by notice to the other Participant.
Organization and Composition. 16 7.2. DECISIONS............................................................................................17 7.3. MEETINGS.............................................................................................17 7.4. ACTION WITHOUT MEETING...............................................................................17 7.5.
