Authorized Unilateral Decision definition
Authorized Unilateral Decision means any action, decision or transaction which a Member has the authority to undertake pursuant to this Agreement without the Approval of the Management Committee or Members hereunder.
Examples of Authorized Unilateral Decision in a sentence
Take any action that is not contemplated in the Approved Business Plans and is not an Authorized Unilateral Decision that would reasonably be anticipated to create a material liability, obligation, cost or expense for the Company, any Subsidiary Entity or, to the extent within the Company’s control, any Outside Partnership other than on account of Emergency Costs or Non-Discretionary Funding Requirements.
Take any action that is not contemplated in the Approved Business Plan and is not an Authorized Unilateral Decision that would reasonably be anticipated to create a material liability, obligation, cost or expense for the Company or any Subsidiary Entity other than on account of Emergency Costs or Non-Discretionary Funding Requirements.