Approval of the Board of Managers definition

Approval of the Board of Managers means the approval or consent of a majority of the Managers and the phrase “Approved by the Board of Managers” has a correlative meaning.
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Approval of the Board of Managers has the meaning set forth in Section 6.2(c).
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Examples of Approval of the Board of Managers in a sentence

  • Amounts treated as advanced to any Member pursuant to this Section shall be repaid by such Member to the Company within thirty (30) days after the Board, acting by Approval of the Board of Managers, give notice to such Member making demand therefore.

  • The overall management and control of the business and affairs of the Company shall be vested in the Board of Managers, acting by Approval or Supermajority Approval of the Board of Managers as described below, but subject to the Member protections as set forth in Section 7.5 hereof.

  • If a Manager desires the Company to take or authorize any action that requires Approval of the Board of Managers, the Manager shall request that the Board of Managers take action with respect thereto by so notifying the Board of Managers and describing in such notification (i) the nature of the transaction or business and (ii) the proposed course of action recommended by the Manager.

  • Any Member may, with the Approval of the Board of Managers, loan funds to the Company.

  • Any actions, decisions, consents, determinations or elections required or permitted to be made by the Board of Managers under this Agreement shall be made by an Approval of the Board of Managers.

  • Anything in this Agreement to the contrary notwithstanding, no Person who is an assignee or transferee of a Membership Interest shall be admitted to the Company as a substitute Member absent the Unanimous Approval of the Board of Managers.

  • If a Program Failure occurs for one or both Programs, upon Approval of the Board of Managers, Onconova may contribute additional assets to the Company to establish new programs (the “Replacement Programs”).

  • KYOne HP may be eligible for Incentive Awards, and, once the KYOne HP Board determines by Approval of the Board of Managers that KYOne HP has the capability to manage risk, KYOne HP may enter into a Program Agreement with a Shared Loss Obligation.

  • Additional Members may be admitted to the Company only upon Supermajority Approval, including the terms of admission, and the Approval of the Board of Managers in accordance with the terms of Article VII hereof and upon execution and delivery by the new Member of a counterpart of this Agreement, delivery of the required Capital Contribution (as determined by the Board of Managers) and execution and delivery of such other documents, instruments and items as the Members may require.

  • Nothing in this Article XIII shall limit the ability of the Board of Managers to cause the Company to indemnify any person or entity not described in this Article XIII pursuant to, and to the extent described in, an agreement authorized by the Approval of the Board of Managers.

Related to Approval of the Board of Managers

  • Board of Managers means the Board of Managers of the Company.

  • Board of Management means the Board of Management of the University;

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Sanctions Committee means the Committee of the United Nations Security Council which was established pursuant to paragraph 18 of United Nations Security Council Resolution ("UNSCR") 1737 (2006);

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • the Board means the board of directors of the Company;

  • Company Board of Directors means the board of directors of the Company.

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Nominations Committee means the committee referred to as such in, and established pursuant to, Article 133;

  • Board of Studies means the Board of Studies of the University;

  • Procurement Committee means a Committee constituted by the Employer to perform the functions as such under the terms and conditions of Contract.

  • Medical Board means the board of physicians as provided by this chapter.

  • Independent Board Committee means the independent board committee of the Company

  • Management Board means the management board of the Company.

  • College board means the state board for community and

  • entire Board of Directors means the total number of directors which the Corporation would have if there were no vacancies.

  • ordinary member of the committee means a member of the committee who is not an officer of the Association under Rule 21;

  • Board of Directors means the board of directors of the Company.

  • Board of Directors or Board means the Board of Directors of Duroply Industries Limited as constituted from time to time.

  • Board or Board of Directors means the Board of Directors of the Company.

  • Technical Committee means the body established in accordance with article VII;

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Supervisory Committee means an oversight committee elected at a general meeting;

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.