Initial Manager. The initial Manager shall be the Member.
Initial Manager. The initial Manager shall be Xxxx Xxxxxxxx. The Member shall have the right to take action pursuant to Section 6.1 or Section 6.2 to designate one or more Managers and to remove, replace or fill any vacancy occurring for any reason of any Manager.
Initial Manager. The initial manager shall be Xxxxxx X. Xxxx.
Initial Manager. HPC shall be the initial Manager. ---------------
Initial Manager. The initial Manager is Xxxxxxx X. Xxxxxxxxxx. In the event that Xxxxxxx X. Xxxxxxxxxx resigns as Manager, is removed as Manager by Members holding a Majority Governance Interest or is deemed to have resigned as Manager upon the occurrence of a Withdrawal Event pursuant to Section 5.5 below, the Members holding a Majority Governance Interest shall appoint a new Manager of the Company upon such resignation, removal or Withdrawal Event.
Initial Manager. The Manager shall be Ormat Nevada, Inc. The Manager shall serve until it resigns or dissolves. The Manager shall constitute a quorum for the transaction of business, however, any action required or permitted to be taken by the Manager at a meeting may be taken without a meeting.
Initial Manager. The Participants appoint WLOPL as the manager of the Joint Venture from the Effective Date, and WLOPL accepts that appointment upon and subject to the terms and conditions contained in this agreement.
Initial Manager. The Company shall initially have one (1) Manager, namely:
Initial Manager. The name of the initial Manager to hold office from and after the date of this Agreement, is Great American Holdings, LLC.
Initial Manager. Until the Board of Managers is elected as set forth in Section 7.3, the business and affairs of the Company shall be managed by the Initial Manager. After election of the Board of Managers, the Company will be managed by the newly elected Board of Managers and not the Initial Manager and the Initial Manager shall have no further authority to manage the Company. Except as otherwise set forth in this Agreement, the Board of Managers shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company’s business. The Board of Managers may delegate any such power and authority as it shall determine, in its sole and absolute discretion, to officers of the Company. Any approval, consent or action by the Board of Managers shall require the affirmative vote, consent or approval of a majority of the Managers serving on the Board of Managers. The Board of Managers shall designate a Chairman.
