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Chapter II Financial Institution Agreement
Administrative Committee
Article 3 (Purpose)
A Financial Institution Agreement Administrative Committee (the
"Administrative Committee") shall be established to implement
this Agreement.
Article 4 (Organization)
4.1 The Administrative Committee shall have approximately ten
committee members who will be financial institution's representatives
appointed by the financial institutions that have entered into
this Agreement.
4.2 The Chairman of the Administrative Committee shall, in principle,
be selected from among the Administrative Committee members pursuant
to an amicably reached consensus thereof.
4.3 The term of office for the Chairman and each of the committee
members shall be one (1) year, and may be renewed.
Article 5 (Authority)
5.1 The Administrative Committee shall be authorized to do the
following:
(1) Appoint of the Chairman and the members of the Company
Restructuring Committee (as defined below);
(2) Make decisions related to the amendment or termination
of this Agreement;
(3) Make decisions related to operating expenditures and settlement
thereof for the Company Restructuring Committee (as defined
below); and
(4) Make decisions related to implementation of this Agreement
5.2 Decisions reached pursuant to items (1) and (2) above shall
be rendered ineffective if they are not ratified by three-fourths
or more of the financial institutions that have entered into this
Agreement within ten (10) days of the date of the relevant decision.
Article 6 (Adoption of Resolutions by the Administrative Committee)
Resolutions of the Administrative Committee shall be adopted
by the affirmative vote of two-thirds or more of the committee
members present at a meeting where two-thirds or more of the total
number of committee members are in attendance.
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