Board Composition; Vacancies. (a) The Company and the Members shall take such actions as may be required to ensure that the number of Managers constituting the Board is at all times three (3). The Board shall be comprised of the following Managers: (i) two (2) individuals designated by Solar, who shall initially be Xxxxxxx X. Xxxxx and Xxxxx Xxxxxxx, and (ii) one (1) individual designated by Deerfield, who shall initially be Xxxxx Xxxx. A Member may, by written notice to the other Members, appoint an alternate or proxy Board designee to take action in place of any current designee who may be temporarily unavailable at the time such action is required.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Solar Capital Ltd.), Limited Liability Company Agreement (Solar Senior Capital Ltd.)
