Examples of LFSL Board in a sentence
Save that the Scheme Supervisors shall have the powers, rights and duties conferred upon them by the Scheme and subject to Clause 2.3.2 ( The LFSL Board), the powers of the LFSL Board shall remain as before the Effective Time and the LFSL Board shall be entitled to exercise all their statutory and managerial powers and rights in relation to LFSL in accordance with their duties and functions.
To the extent required, the LFSL Board shall co-operate with and assist the Scheme Supervisors with their obligations under this Scheme and shall not act or fail to act, in a manner which would be inconsistent with the terms of this Scheme.
The Scheme Supervisors shall have all of the powers necessary or desirable to enable them to discharge their duties and responsibilities under the Scheme (although it is acknowledged that the Scheme Supervisors cannot exercise any power that would result in their assuming control of LFSL's affairs so as to supplant the LFSL Board).
The LFSL Board will be primarily responsible for making sure that the Scheme is implemented properly.