Appointment and Replacement of Members Sample Clauses

Appointment and Replacement of Members. 13.1.1 The General Partner shall establish an advisory committee of the Fund (the “Advisory Committee”) no later than the Final Closing Date consisting of at least [three (3)] and a maximum of [seven (7)] members that are appointed by the Fund Manager, each of which shall be a representative of a Limited Partner or investor in a Feeder Entity that is not an Interested Person, provided that no Limited Partner shall be represented by more than one member on the Advisory Committee. 13.1.2 Any member of the Advisory Committee shall immediately cease to be a member of the Advisory Committee if the Limited Partner that such Person represents (i) becomes a Defaulting Partner,
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Appointment and Replacement of Members. The General Partner shall establish an advisory committee of the Fund (the “Advisory Committee”) no later than the Final Closing Date consisting of at least [three (3)] and a maximum of [seven (7)] members that are appointed by the Fund Manager, each of which shall be a representative of a Limited Partner or investor in a Feeder Entity that is not an Interested Person, provided that no Limited Partner shall be represented by more than one member on the Advisory Committee. Any member of the Advisory Committee shall immediately cease to be a member of the Advisory Committee if the Limited Partner that such Person represents (i) becomes a Defaulting Partner, (ii) Transfers its entire Commitment (other than to an Affiliate of such Limited Partner) or (iii) otherwise withdraws from the Fund. Any Advisory Committee member may resign by giving the General Partner prior written notice, and the Limited Partner that is represented by the resigning member shall be entitled to designate a successor member thereto.
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Appointment and Replacement of Members. (a) 13.1.1 The General Partner shall establish an advisory committee of the Fund (the “"LP Advisory Committee”") no later than the Final Closing Date consisting of at least [three (3)] and a maximum of [seven (7)] members that are appointed by the Fund General MPartnager, each of which shall be an individual and a representative of a Limited Partner or investor in a Feeder Entity that is not an Interested Person [that has subscribed for a Commitment of at least $[ ]], [provided that no Limited Partner and its Affiliates shall be represented by more than one member on the LP Advisory Committee]. The General Partner will identify which members represent which Limited Partner.
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Appointment and Replacement of Members. The General Partner shall establish an advisory committee of the Fund (the "LP Advisory Committee") no later than the Final Closing Date consisting of at least [three] and a maximum of [seven] members that are appointed by the General Partner, each of which shall be an individual and a representative of a Limited Partner or investor in a Feeder Entity that is not an Interested Person [that has subscribed for a Commitment of at least $[___]], [provided that no Limited Partner and its Affiliates shall be represented by more than one member on the LP Advisory Committee]. The General Partner will identify which members represent which Limited Partner. Any member of the LP Advisory Committee shall immediately cease to be a member of the LP Advisory Committee if the Limited Partner that such Person represents (i) becomes a Defaulting Partner, (ii) Transfers a portion or its entire Commitment (other than to an Affiliate of the Limited Partner), or (iii) otherwise withdraws from the Fund. Any LP Advisory Committee member may resign by giving the General Partner prior written notice, and the Limited Partner that is represented by the resigning member may designate a successor member.
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Related to Appointment and Replacement of Members

  • Appointment and Removal of Directors The Directors shall be appointed and may be removed as follows: 4.2.1 The governing body of each Party shall appoint and designate in writing one regular Director who shall be authorized to act for and on behalf of the Party on matters within the powers of the Authority. The governing body of each Party also shall appoint and designate in writing one alternate Director who may vote on matters when the regular Director is absent from a Board meeting. The person appointed and designated as the Director or the alternate Director shall be a member of the governing body of the Party. 4.2.2 The Operating Rules and Regulations, to be developed and approved by the Board in accordance with Section 2.5.11, shall specify the reasons for and process associated with the removal of an individual Director for cause. Notwithstanding the foregoing, no Party shall be deprived of its right to seat a Director on the Board and any such Party for which its Director and/or alternate Director has been removed may appoint a replacement.

  • Appointment and Services (a) The Trust appoints the Administrator to provide the administrative services set out in Appendix A to this Agreement (the “Administrative Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Administrative Services for the compensation set out in this Agreement. (b) The Trust appoints the Administrator to provide the fund accounting services set out in Appendix B to this Agreement (the “Fund Accounting Services”) for the benefit of the Trust and the Funds. The Administrator accepts its appointment and agrees to provide the Fund Accounting Services for the compensation set out in this Agreement.

  • Appointment of mediator Within 10 Working Days of receipt of the notice referring the Dispute to mediation, the parties must attempt to agree on the identity of the mediator and, if they cannot agree within that timeframe, the mediator will be appointed by the President (or their nominee) of the New Zealand chapter of the Resolution Institute.

  • Appointment of Managers With effect from the day and year stated in Box 4 and continuing unless and until terminated as provided herein, the Owners hereby appoint the Managers and the Managers hereby agree to act as the Managers of the Vessel.

  • Appointment of Manager Owner hereby engages and retains Manager as the manager and as tenant coordinating agent of the Properties, and Manager hereby accepts such appointment on the terms and conditions hereinafter set forth; it being understood that this Management Agreement shall cause Manager to be, at law, Owner’s agent upon the terms contained herein.

  • Appointment of the Manager The Trust is engaged in the business of investing and reinvesting its assets in securities of the type and in accordance with the limitations specified in its Declaration of Trust, as amended and supplemented from time to time, By-Laws (if any) and Registration Statement filed with the Securities and Exchange Commission (the "Commission") under the 1940 Act and the Securities Act of 1933 (the "Securities Act"), including any representations made in the prospectus and statement of additional information relating to the Funds contained therein and as may be amended or supplemented from time to time, all in such manner and to such extent as may from time to time be authorized by the Trust's Board of Trustees (the "Board"). The Board is authorized to issue any unissued shares in any number of additional classes or series. The investment authority granted to the Manager shall include the authority to exercise whatever powers the Trust may possess with respect to any of its assets held by the Funds, including, but not limited to, the power to exercise rights, options, warrants, conversion privileges, redemption privileges, and to tender securities pursuant to a tender offer, and participate in class actions and other legal proceedings on behalf of the Funds. The Trust hereby appoints the Manager, subject to the direction and control of the Board, to manage the investment and reinvestment of the assets in the Funds and, without limiting the generality of the foregoing, to provide the other services specified in Section 2 hereof. The Trust hereby appoints the Manger to provide the Fundlevel duties and services as set forth in Section 2(b) hereof, for the compensation and on the terms herein provided, and the Manager hereby accepts such appointment. Each new investment portfolio established in the future by the Trust shall automatically become a "Fund" for all purposes hereunder as if it were listed on Schedule A, absent written notification to the contrary by either the Trust or the Manager.

  • Appointment of Asset Manager; Acceptance of Appointment The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the Series #TICKER Asset. The Asset Manager hereby accepts such appointment.

  • Medical Appointments Medical appointments may be charged to sick leave. The employee must notify the supervisor of a medical appointment at least twenty-four (24) hours in advance except in case of emergency.

  • APPOINTMENT OF SUB-ADVISER The Adviser hereby appoints the Sub-Adviser to act as sub-adviser to the Portfolio(s), subject to the supervision and oversight of the Adviser and the Trust Board, and in accordance with the terms and conditions of this Agreement. The Sub-Adviser will be an independent contractor and will have no authority to act for or represent the Adviser or the Trust in any way or otherwise be deemed an agent of the Adviser or the Trust, except as expressly authorized in this Agreement or another writing by the Adviser or the Trust and the Sub-Adviser.

  • Appointment and Designation of Master Servicer The Purchaser hereby appoints and designates Aurora Loan Services, Inc. as its master servicer (the "Master Servicer") for the Mortgage Loans subject to this Agreement. The Company is hereby authorized and instructed to take any and all instructions with respect to servicing the Mortgage Loans hereunder as if the Master Servicer were the Purchaser hereunder. The authorization and instruction set forth herein shall remain in effect until such time as the Company shall receive written instruction from the Purchaser that such authorization and instruction is terminated.

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