Managing Board Member definition
Examples of Managing Board Member in a sentence
Third parties dealing with the Company shall be entitled to rely conclusively upon the power and authority of the Managing Board Member to manage and operate the business and affairs of the Company as set forth herein.
The Managing Board Member shall also keep adequate federal income tax records using an appropriate method of accounting applied on a consistent basis.
Managing Board Members shall treat all information and documentation acquired within the framework of their position as Managing Board Member with the necessary discretion and, in the case of classified information, with the appropriate secrecy.
The Managing Board Member shall make appropriate modifications in the event unanticipated events might otherwise cause this Agreement not to comply with Regulations Section 1.704-1(b).
Any such meetings will be held at the principal place of business of the Company, or at such other location as determined by the Managing Board Member or the Members, or may be held by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other.
The Managing Board Member may resign at any time by providing written notice to the Members and other Manager.
The Shareholders agree that each Supervisory Board Member shall have access to each site of the Company and be entitled to speak to each Managing Board Member on reasonable notice.
In the event Additional Units are issued by the Company, any consideration received by the Company shall be distributed, to the existing Members based on their Percentage Interests or added to Reserves per Section 10.9. However, if the ACH Note is still outstanding, then the amount otherwise distributable to the Members pursuant to this Section 9.7 may, at the discretion of the Managing Board Member, instead be applied against the outstanding balance under the ACH Note.
As soon as reasonably practicable after the end of each Fiscal Year, but not later than March 31 of the next succeeding year, an unaudited balance sheet of the Company as of the last day of such Fiscal Year and unaudited statements of income or loss of the Company for such year shall be made available to each Member by the Managing Board Member.
The Managing Board Member will make available to the Members any audited balance sheet of the Company, if one has been prepared.