POOL COMMITTEE Sample Clauses

POOL COMMITTEE. 11.1 The Pool Committee shall consist of one (1) representative for each Pool Participant, two (2) representatives appointed by the Company and two (2) representatives of the Manager. The two (2) representatives of the Manager shall not have the right to vote. 11.2 Each voting Pool Participant shall have a number of votes corresponding to the number of Pool Vessels controlled by such Pool Participant. 11.3 Members of the Pool Committee are elected for a one (1) year period. If a member of the Pool Committee is a representative of a Pool Participant who no longer has a Pool Vessel in the Pool, such member shall automatically cease to be a member of the Pool Committee. 11.4 The Pool Committee shall have the authority to make decisions in respect of the following matters as well as in respect of other matters put before by the Company: (a) approval of the basis for the calculation of Total Costs; (b) require further contributions to the working capital of the Company in accordance with Clause 10.2; 11.5 The Pool Committee shall meet at least once a year. The Pool Committee meeting can take place by teleconference as well as by physical meetings. Representatives to the Pool Committee shall be entitled to participate through proxies. 11.6 All decisions requiring the approval of the Pool Committee shall be taken on the basis of a simple majority of votes casted (excluding abstentions).
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POOL COMMITTEE. 11.1 The Pool Committee shall consist of one (1) representative for each Pool Participant, two (2) representatives appointed by the Company and two (2) representatives of the Manager. The two (2) representatives of the Manager shall not have the right to vote. 11.2 Each Pool Participant shall have a number of votes corresponding to the number of Pool Vessels that have been delivered to the Pool by such Pool Participant. Where termination notice has been given in respect of a Pool Vessel, the relevant Pool Participant shall cease to have a vote on the Pool Committee in respect of such Pool Vessel. 11.3 Each Pool Participant shall nominate a representative to represent it in the Pool Committee. If a member of the Pool Committee is a representative of a Pool Participant who no longer has a Pool Vessel trading and operating in the Pool, such member shall automatically cease to be a member of the Pool Committee. 11.4 The Pool Committee shall have the authority to make decisions in respect of the following matters as well as in respect of other matters put before by the Company in respect of the Pool: (a) approval of the basis for the calculation of Total Costs; (b) requirements for further contributions to the working capital of the Company in accordance with Clause 10.2; 11.5 The Pool Committee shall meet at least once a year. The Pool Committee meetings can take place by teleconference, video conference and/or by physical meetings. Representatives to the Pool Committee shall be entitled to participate through proxies. 11.6 Decisions requiring the approval of the Pool Committee may be taken at a meeting of the Pool Committee, in which case, they shall be taken on the basis of a simple majority of votes casted (excluding abstentions or absences). Alternatively, any decision requiring the approval of the Pool Committee (including without limitation the approval of the Annual Calculation Reviews) may be taken without the requirement for a meeting, if approval of the relevant proposal, document or other item, as applicable, submitted in writing by the Company to each member of the Pool Committee (the “Written Submission”) is given to the Company in writing by voting members of the Pool Committee representing in total a simple majority of votes casted (including the Company’s vote but excluding non-responses), such approval to be provided within a maximum period of ten (10) Business Days after the date of the Written Submission.
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POOL COMMITTEE. 11.1 The Pool Committee shall consist of one (1) representative for each Pool Participant, three (3) representatives appointed by the Company and two (2) representatives of the Manager. The two (2) representatives of the Manager shall not have the right to vote. 11.2 Each Pool Participant shall have a number of votes corresponding to the number of Pool Vessels controlled by such Pool Participant. 11.3 Members of the Pool Committee are elected for a one (1) year period. If a member of the Pool Committee is a representative of a Pool Participant who no longer has a Pool Vessel in the Pool, such member shall automatically cease to be a member of the Pool Committee. 11.4 The Pool Committee shall have the authority to make decisions in respect of the following matters as well as in respect of other matters put before by the Company: (a) approval of the basis for the calculation of Pool Earning Points; (b) call further contributions to the working capital of the Company in accordance with Clause 10.2; 11.5 The Pool Committee shall meet at least once a year. The Pool Committee meeting can take place by teleconference as well as by physical meetings. Representatives to the Pool Committee shall be entitled to participate through proxies. 11.6 All decisions requiring the approval of the Pool Committee shall be taken on the basis of a simple majority of votes casted (excluding abstentions). 12.1 The Net Pool Revenue shall be equal to the Gross Pool Revenue (as detailed in Clause 12.2) less the Pool Expenses (as detailed in Clause 12.3) and subject to the adjustments described in Clause 12.4. 12.2 The Gross Pool Revenues consist of: (a) each Pool Vessel’s total voyage income (including without limitation freight, deadfreight and demurrage); (b) all freight, deadfreight, demurrage, charter hire or any other amount received for the Pool Vessels fixed on charters and any loss of hire insurance proceeds paid in respect of any of the Pool Vessels; (c) all freight, deadfreight, demurrage, charter hire or any other amount received by the Company in respect of Third Party Vessels; (d) currency exchange gains; (e) interest earned on funds held in the Company’s bank accounts or otherwise arising from the commercial operation of the Pool Vessels; (f) any damages or other amounts received in settlement of any claims relating to performance of any contracts of employment by Pool Vessels or vessels chartered in; (g) any voyage expenses related rebates; (h) any savings or rebates; (...
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POOL COMMITTEE. The Pool Committee shall consist of the number of representatives and alternates stated in Box 8 and shall be nominated by the Participants’ Meeting.
Sample 1
POOL COMMITTEE. The pooW commrttee rs ạ hạrdworkrng group ofi voWunteers who work under the mạnạgement ofi the prrncrpạW ofi the schooW. They ạre deWegạted to operạte the pooW ạfiter schooW hours ạnd do so wrWWrngWy ạnd rn good fiạrth. PWeạse respect them ạnd fioWWow therr rnstructrons. They hạve the deWegạted ạuthorrty firom the prrncrpạW to cạnceW ạ communrty user's ạccess cạrd rmmedrạteWy rfi there rs ạ dạnger to other users ạnd to ạsk drsruptrve members ofi the communrty to Weạve the pooW ạreạ rmmedrạteWy. The prrncrpạW wrWW fioWWow thrs up ofificrạWWy ạnd rn some cạses, mạke the decrsron drrectWy on the recommendạtron ofi the pooW commrttee. fi necessạry the poWrce wrWW be cạWWed. An ạccrdent regrster wrWW be kept ạnd rncrdences /ạccrdents recorded. These wrWW be reported to the prrncrpạW. Any dạmạge or vạndạWrsm wrWW be reported to the schooW cạretạker ạt the begrnnrng ofi the next schooW dạy. fi the dạmạge rs serrous ạnd poses ạ rrsk to pubWrc sạfiety the pooW wrWW be cWosed untrW repạrrs cạn be ạfifiected. AWW expendrture wrth regạrds to the schooW pooWs wrWW requrre the prrncrpạW’s prror ạpprovạW Any compWạrnts ạre to be drrected to the prrncrpạW xxxxx@xxxxxxxxxxxx.xxxxxx.xx
Sample 1
POOL COMMITTEE. During the term of this Agreement, Unipec shall have the right to appoint upon written notice to the Company one (1) member of the committee (the “Pool Committee”) referred to in Article IV of the Limited Liability Company Agreement of the Company (attached hereto as Exhibit B) (the “LLC Agreement”).
Sample 1
POOL COMMITTEE. 11.1 The Pool Committee shall consist of one (1) representative for each Pool Participant, two (2) representatives appointed by the Company and two (2) representatives of the Manager. The two (2) representatives of the Manager shall not have the right to vote. 11.2 Each voting Pool Participant shall have a number of votes corresponding to the number of Pool Vessels controlled by such Pool Participant. 11.3 Members of the Pool Committee are elected for a one (1) year period. If a member of the Pool Committee is a representative of a Pool Participant who no longer has a Pool Vessel in the Pool, such member shall automatically cease to be a member of the Pool Committee. 11.4 The Pool Committee shall have the authority to make decisions in respect of the following matters as well as in respect of other matters put before by the Company: (a) approval of the basis for the calculation of Total Costs; (b) require further contributions to the working capital of the Company in accordance with Clause 10.2;
Sample 1
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Related to POOL COMMITTEE

  • Benefits Committee As per LOA#10, a benefits committee comprised of the employee representatives and the employer representatives, including the Crown, shall convene upon request to address all matters that may arise in the operation of the OSSTF ELHT.

  • Selection Committee A. Each building site will appoint a selection committee for the TLS. The committee shall be comprised of equal numbers of teachers and administrators and at least one teacher will be appointed by the Des Moines Education Association. B. The committee will accept and review application for a TLS position and will make recommendations to the hiring administrator. In developing recommendations, the committee will utilize measures of teacher effectiveness and professional growth, consider the needs of the school district and review the performance and professional development of the applicants. Teachers who are selected must meet all of the qualification contained in the TLS grant and contained in the law.

  • Investment Committee The board of directors of the insurance company shall appoint an investment committee of the investment manager as the investment committee of the insurance company. The investment committee shall meet at least once each quarter to review the investments and loans of the insurance company.

  • Management Committee 6.1 There shall be constituted a committee to be called the Management Committee with functions as stated herein below. 6.2 Government shall nominate two (2) members representing Government in the Management Committee, whereas each Company constituting the Contractor shall nominate one (1) member each to represent Company in the Management Committee provided that in case the Contractor constitutes only one Company, that Company shall have two (2) members. The Parties shall nominate the members to the Management Committee within thirty (30) days of the Effective Date. 6.3 Each Party may nominate alternate members with full authority to act in the absence and on behalf of the members nominated under Article 6.2 and may, at any time, nominate another member or alternate member to replace any member nominated earlier by notice to other members of the Management Committee. 6.4 One representative of the Government shall be designated as the Chairman of the Management Committee and the second representative of the Government shall be designated as the Deputy Chairman. The member of the Operator, or the member designated by the Operator where Operator has two (2) members in the Management Committee shall be designated as the Secretary of the Committee. 6.5 Operator on behalf of the Contractor with the approval of Operating Committee, if constituted under the Article 7.4, or in case of a single Party constituting the Contractor, then that Party shall submit following matters to the Management Committee for review and it shall have advisory functions: (a) the annual Work Programmes and Budgets in respect of Exploration Operations and any revisions or modifications thereto; (b) annual work progress and costs incurred thereon; (c) proposals for surrender or relinquishment of any part of the Contract Area by the Contractor; (d) proposals for an Appraisal Programme or revisions or additions thereto and the declaration of a Discovery as a Commercial Discovery; (e) any other matter required by the terms of this Contract to be submitted to it for review or advice; and (f) any other matter which the Contractor decides to submit for review or advice including matters concerning inter-Party relationships. 6.6 The following matters shall be submitted by Operator on behalf of the Contractor with the approval of Operating Committee, if constituted under the Article 7.4, or in case of single Party constituting the Contractor, then by that Party to the Management Committee for approval: (a) Annual Work Programmes and Budgets in respect of Development Operations and Production Operations and any modifications or revisions thereto; (b) proposals for the approval of development plans as may be required under this Contract, or modifications or revisions to a Development Plan; (c) determination of a Development Area; (d) appointment of auditors along with scope of audit, approval and adoption of audited report submitted under Article 25.4.3; (e) collaboration with licensees or contractors of other areas; (f) claims or settlement of claims for or on behalf of or against the Contractor in excess of limits fixed by the Management Committee from time to time; (g) proposal about abandonment plan/Site Restoration as required to be submitted under Article 14.10; (h) any other matter required by the terms of this Contract to be submitted for the approval of the Management Committee; (i) any other matter which the Contractor decides to submit to it; and (j) any matter, which Government refers to the Management Committee for its consideration and reasoned opinion. 6.7 Unless agreed otherwise by all the members of the Management Committee, the Management Committee shall meet at least once every six (6) months during the Exploration Period and thereafter at least once every three (3) months or more frequently at the request of any member. The Secretary, with the approval of the Chairman, shall convene each meeting by notifying the members twenty eight (28) days prior to such a meeting (or a shorter period of notice if the members unanimously so agree) of the time and place of such meeting and the purpose thereof and shall include in such notice a provisional agenda for such meeting. The Chairman shall be responsible for processing the final agenda for such meeting and the agenda shall include all items of business requested by the members to be included, provided such requests are received by the Secretary at least ten (10) days prior to the date fixed for the meeting. The Secretary shall forward the agenda to the members at least seven (7) Business Days prior to the date fixed for the meeting. Matters not included in the agenda may be taken up at the meeting by any member with the unanimous consent of all the members whether present or not present at the meeting. 6.8 The Chairman or the Deputy Chairman, as may be the case, shall preside over the meetings of the Management Committee and, in their absence, any other member representing Government and present shall preside over the meetings. 6.9 Secretary to the Management Committee shall be responsible, inter alia, for preparation of the minutes of every meeting in the English language and provision to every member of the Management Committee with two (2) copies of the minutes approved by the Chairman within three (3) Business Days of the meeting. Unless agreed otherwise by all the members of the Management Committee, the minutes of a meeting shall be finalised by the Management Committee within three (3)

  • Union Committee ‌ The Union shall appoint and maintain a Committee comprising persons who are employees of the Employer, and/or the Senior Union Official, or her/his representative, which shall be known as the Union Committee. The Union at all times shall keep the Employer informed of the individual membership of the Committee.

  • Consultative Committee (a) To assist in creating a stable and co-operative environment for the project, a consultative committee has been established which shall operate in accordance with its charter. It is not the objective of parties to this clause that the committee would over-ride the function and responsibilities of management or unions.

  • TRANSITION COMMITTEE A transition committee comprised of the employee representatives and the employer representatives, including the Crown, will be established by January 31, 2016 to address all matters that may arise in the creation of the Trust.

  • Oversight Committee The Company and Union shall each appoint three members to be part of an Oversight Committee. The Oversight Committee will attempt to resolve any issues that may arise regarding this Letter of Agreement within forty-five (45) days. Issues that the Oversight Committee cannot resolve will be subject to the party’s grievance procedure Subsection 102.3(a)(2) timelines will be waived for the forty-five (45) day period.

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board. (B) The Audit Committee shall have general supervision over the Audit Division in all matters however subject to the approval of the Board of Directors; it shall consider all matters brought to its attention by the officer in charge of the Audit Division, review all reports of examination of the Company made by any governmental agency or such independent auditor employed for that purpose, and make such recommendations to the Board of Directors with respect thereto or with respect to any other matters pertaining to auditing the Company as it shall deem desirable. (C) The Audit Committee shall meet whenever and wherever the majority of its members shall deem it to be proper for the transaction of its business, and a majority of its Committee shall constitute a quorum.

  • Advisory Committee The Settling State shall designate an Opioid Settlement Remediation Advisory Committee (the “Advisory Committee”) to provide input and recommendations regarding remediation spending from that Settling State’s Abatement Accounts Fund. A Settling State may elect to use an existing advisory committee or similar entity (created outside of a State-Subdivision Agreement or Allocation Statute); provided, however, the Advisory Committee or similar entity shall meet the following requirements: (i) Written guidelines that establish the formation and composition of the Advisory Committee, terms of service for members, contingency for removal or resignation of members, a schedule of meetings, and any other administrative details; (ii) Composition that includes at least an equal number of local representatives as state representatives; (iii) A process for receiving input from Subdivisions and other communities regarding how the opioid crisis is affecting their communities, their abatement needs, and proposals for abatement strategies and responses; and (iv) A process by which Advisory Committee recommendations for expenditures for Opioid Remediation will be made to and considered by the appropriate state agencies.

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