BDC Manager Sample Clauses

BDC Manager. The BDC shall have the right to appoint up to two Managers (the “BDC Managers”). The initial BDC Managers are Xxxxxx X. Xxxxx, III and Xxxxxxx Xxxxxxx. The BDC shall have the power to remove a BDC Manager at any time with or without cause, and in such case may appoint such Person’s replacement. A BDC Manager shall also cease to be a Manager upon such Person’s written resignation, death or incapacity, and in any such event the BDC may appoint such Person’s replacement. The BDC shall notify the other Members and the Board of Managers promptly if any BDC Manager ceases to be a Manager and of any replacement of a BDC Manager. If the BDC ceases to be a Member, or becomes a Defaulting Member, the BDC Managers shall at the same time cease to be Managers, and the BDC shall no longer have any right to appoint a replacement for such Persons.
Sample 1
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Related to BDC Manager

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