Common use of Purpose of Committees Clause in Contracts

Purpose of Committees. ● Committees advise the Council; they do not have the authority to act on behalf of the Council, unless a majority of the Council Members explicitly grant them such authority in the Committee’s charter or otherwise. ● Committees are a means for Council Members to contribute their expertise and make recommendations to the Council on decisions relating to the Hedera Network.

Appears in 12 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!