Board of Directors. Subject to Section 11(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 12, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 12. The initial number of Directors shall be six, at least one of which shall be an Independent Director pursuant to Section 12. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Fifth Third Holdings Funding, LLC), Limited Liability Company Agreement (Fifth Third Holdings Funding, LLC), Limited Liability Company Agreement (Fifth Third Holdings Funding, LLC)
Board of Directors. Subject to Section 11(j8(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 129, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 129. The initial number of Directors shall be sixfour (4), at least one two (2) of which shall be an Independent Director Directors pursuant to Section 129. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 6 contracts
Samples: Master Collateral Agency Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Company Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors on the date hereof shall be sixfive, at least one two of which whom shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed elected by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director need not be a Member. The initial Directors designated elected by the Member on the date hereof are listed on Schedule D hereto.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ ' Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Volkswagen Public Auto Loan Securitization LLC), Limited Liability Company Agreement (Volkswagen Public Auto Loan Securitization LLC), Limited Liability Company Agreement (Vw Credit Leasing LTD)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Vw Credit Leasing LTD), Limited Liability Company Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Limited Liability Company Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be six[ ], at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Bas Securitization LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D C hereto.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Lehman Brothers Asset Securitization LLC), Limited Liability Company Agreement (Bas Securitization LLC), Limited Liability Company Agreement (Lehman Brothers Asset Securitization LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfive, at least one two of which shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Fleet Home Equity Loan Corp), Limited Liability Company Agreement (West Penn Funding LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one two of which shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Director Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bond Securitization LLC), Limited Liability Company Agreement (Bond Securitization LLC), Limited Liability Company Agreement (Bond Securitization LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one two or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be six, at least one two of which shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Zipcar Inc), Limited Liability (Zipcar Inc)
Board of Directors. Subject to Section 11(j9(i), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Company Directors designated by the Member. Subject to Section 12, 10 the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors on the date hereof shall be sixfive, at least one two of which whom shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed elected by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director need not be a Member. The initial Directors designated elected by the Member on the date hereof are listed lined on Schedule D hereto.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time anytime in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree (3), at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D C hereto.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Education Funding Capital Trust I), Limited Liability Company Agreement (Education Capital I LLC), Limited Liability Company Agreement (Education Capital I LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be six[four], at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ ' Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Vw Credit Leasing LTD), Limited Liability Company Agreement (Volkswagen Public Auto Loan Securitization LLC), Limited Liability Company Agreement (Volkswagen Public Auto Loan Securitization LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an the Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NRG Energy, Inc.), Limited Liability Company Agreement (NRG Energy, Inc.)
Board of Directors. Subject to Section 11(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 12, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 12. The initial number of Directors shall be six3, at least one of which shall be an Independent Director pursuant to Section 12. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bank of America Auto Receivables Securitization, LLC), Limited Liability Company Agreement (Bank of America Auto Receivables Securitization, LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be six[four], at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Limited Liability (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Credit Suisse Asset Repackaging Depositor LLC), Limited Liability Company Agreement (CSFB Asset Repackaging Depositor LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Verizon ABS LLC), Liability Company Agreement (PG&E Energy Recovery Funding LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time time, in its sole and absolute discretion discretion, the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time time, in its sole and absolute discretion, upon notice to all Directors, Directors and subject in all cases to Section 1210. The initial current number of Directors shall be sixis four, at least one of which shall be whom is an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial current Directors designated by the Member are listed on Schedule D attached hereto.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (BA Credit Card Trust), Liability Company Agreement (BA Credit Card Funding, LLC)
Board of Directors. Subject to Section 11(jsubsection 9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more three Directors designated by the Member. Subject to Section 1210, the Member may determine at any time time, in its sole and absolute discretion discretion, the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time time, in its sole and absolute discretion, upon notice to all Directors, Directors and subject in all cases to Section 1210. The initial current number of Directors shall be sixis three, at least one of which shall be whom is an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial current Directors designated by the Member are listed on Schedule D attached hereto.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (WF Card Funding LLC), Limited Liability Company Agreement (WF Card Issuance Trust)
Board of Directors. Subject to Section 11(j9(i), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an the Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 2 contracts
Samples: Limited Liability (Criimi Mae Inc), Limited Liability Company Agreement (Criimi Mae Inc)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board consisting of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors as of the date hereof shall be sixthree (3), at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Membermembers. The initial Directors designated by the Member as of the date hereof are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wachovia Mortgage Loan Trust, LLC)
Board of Directors. Subject to Section 11(jSections 9(b) and 9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which two shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (QualityTech, LP)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the MemberMembers. Subject to Section 1210, the Member Members may determine at any time in its their sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member Members at any time in its their sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfive, at least one two of which shall be an Special Member/Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member Members shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a MemberMembers. The initial Directors designated by the Member Members are listed on Schedule D C hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stanwich Asset Acceptance CO LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time anytime in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D C hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Key Bank Usa National Association)
Board of Directors. Subject to Section 11(jSECTION 9(J), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 12SECTION 10, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 12SECTION 10. The initial number of Directors shall be six, at least one two of which shall be an Independent Director Directors pursuant to Section 12SECTION 10. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ ' Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule SCHEDULE D hereto.
Appears in 1 contract
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an the Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hartman Commercial Properties Reit)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be six, at least one four. Two of which the Directors shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Conseco Finance Lease 2000-1 LLC
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Each Director (and only each Director, in his or her capacity as such) is hereby designated as a “manager” of the Company within the meaning of Section 18-101(10) of the Act; it being understood, however, that the actions of a given individual Director in his or her capacity as such are limited by the terms hereof, including Section 9(j). Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion resignation or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Credit Agreement (Curis Inc)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D C hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bas Securitization LLC)
Board of Directors. Subject to Section 11(jSections 9(b) and 9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree, at least one of which two shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (QualityTech, LP)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors as of the date hereof shall be sixfive, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director need not be a Member. The initial Directors designated by the Member as of the date hereof are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Porsche Auto Funding LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree (3), at least one (1) of which shall be an the Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D attached hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Starwood Commercial Mortgage Depositor, LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree (3), at least one (1) of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cedar Shopping Centers Inc)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Company Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors on the date hereof shall be sixfive, at least one two of which whom shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed elected by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated elected by the Member on the date hereof are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Regions Acceptance LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree (3), at least one (1) of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member as of the date hereof are listed on Schedule D hereto.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Insight Enterprises Inc)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfive, at least one two of which shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Director Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfive, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Greatamerica Leasing Receivables 2001-1 LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour (4), at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion resignation or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Discover Funding LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour, at least one two of which shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s 's earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Capital One Auto Receivables LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfive, at least one two of which shall be an Independent Director Directors pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Management Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Drive Auto Receivables LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixfour, at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Director Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bank One Auto Securitization LLC)
Board of Directors. Subject to Section 11(j9(j), the business and affairs of the Company shall be managed by or under the direction of a Board of one or more Directors designated by the Member. Subject to Section 1210, the Member may determine at any time in its sole and absolute discretion the number of Directors to constitute the Board. The authorized number of Directors may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Directors, and subject in all cases to Section 1210. The initial number of Directors shall be sixthree (3), at least one of which shall be an Independent Director pursuant to Section 1210. Each Director elected, designated or appointed by the Member shall hold office until a successor is elected and qualified or until such Director’s earlier death, resignation, expulsion or removal. Each Director shall execute and deliver the Directors’ Agreement. A Director Directors need not be a Member. The initial Directors designated by the Member are listed on Schedule D hereto.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Chase Auto Receivables LLC)