Administration Clause Example with 13 Variations from Business Contracts

This page contains Administration clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Administration. Other than with respect to rights, duties, obligations and immunities of the Rights Agent, the Board of Directors, or a duly authorized committee of the Board of Directors, shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may be necessary or advisable in the administration of this Agreement. All such actions, calculations, determinatio...ns and interpretations which are done or made by the Board of Directors, or a duly authorized committee of the Board of Directors, in good faith shall be final, conclusive and binding on the Company, the Rights Agent, holders of the Rights and all other parties and shall not subject the Board of Directors, or a duly authorized committee of the Board of Directors, to any liability to the holders of the Rights. The Rights Agent is entitled always to assume that the Board of Directors, or a duly authorized committee of the Board of Directors, as applicable, acted in good faith and shall be fully protected and incur no liability in reliance thereon. View More
Found in TENNECO INC contract

Variations of a "Administration" Clause from Business Contracts

Administration. Other than with respect to rights, duties, obligations and immunities of the Rights Agent, the Board of Directors, or a duly authorized committee of the Board of Directors, shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may be necessary or advisable in the administration of this Agreement. All such actions, calculations, determinatio...ns and interpretations (a) which are done or made by the Board of Directors, Directors shall (x) prior to the Company's first annual meeting of stockholders to be held after the date hereof, be taken by action of a majority of the "entire Board" (as such term is defined in Article III, Section 1 of the Company's Amended and Restated Bylaws in effect as of the date hereof) and (y) thereafter, be taken by action of the Board, and (b) which are done or made by the Board of Directors (or a duly authorized committee of the Board of Directors, Directors) in good faith shall be final, conclusive and binding on the Company, the Rights Agent, holders of the Rights and all other parties and shall not subject the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) to any liability to the holders of the Rights. The Rights Agent is entitled always to assume that the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, as applicable, Directors) acted in good faith and shall be fully protected and incur no liability in reliance thereon. View More
Found in Avis Budget Group contract
Administration. Other than with respect to rights, duties, obligations and immunities of the Rights Agent, the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may be necessary or advisable in the administration of this Agreement. All such actions, c...alculations, determinations and interpretations which are done or made by the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) in good faith shall be final, conclusive and binding on the Company, the Rights Agent, holders of the Rights and all other - 32 - parties and shall not subject the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) to any liability to the holders of the Rights. The Rights Agent is entitled always to assume that the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, as applicable, Directors) acted in good faith and shall be fully protected and incur no liability in reliance thereon. View More
Found in Express, Inc. contract
Administration. Other than with respect to rights, duties, obligations and immunities of the Rights Agent, the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) shall have the exclusive power and authority to administer and interpret the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or the Company or as may be necessary or advisable in the administration of this Agreement. All such actions, c...alculations, determinations and interpretations which are done or made by the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) in good faith shall be final, conclusive and binding on the Company, the Rights Agent, holders of the Rights and all other parties and shall not subject the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, Directors) to any liability to the holders of the Rights. The Rights Agent is entitled always to assume that the Board of Directors, or Directors (or a duly authorized committee of the Board of Directors, as applicable, Directors) acted in good faith and shall be fully protected and incur no liability in reliance thereon. View More
Found in 5 Contracts from 5 Companies