Common use of Board of Managers Clause in Contracts

Board of Managers. (a) Prior to the Closing Date, the Organizational Member may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the Company's subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managers. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member may shall designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing Each such Manager and each other Manager elected or appointed thereafter in accordance with this Agreement or the signature page of the Company's subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each be a "manager" of the initial Managers to Company as contemplated by Section 402 of the Delaware Act. The Board of ManagersManagers shall have such powers and duties as provided by this Agreement. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) The Board shall initially consist of the Initial Manager. Prior to the Closing Date, the Organizational Initial Member may designate such persons additional individuals who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or Agreement, the signature page Taxable Investor Fund and the Offshore Feeder FundUpon becoming a Member as a result of the Company's Conversion or by signing a subscription agreement, application or certification in connection with the purchase or acquisition of Shares, a Member admitted on as of the Closing Date shall be deemed to have voted for the election of each of the initial Managers to so designated as of the Board of ManagersClosing Date. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (ab) and (bc) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person Person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyFund. The After the Closing Date, the number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent ManagersBoard.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member Initial Manager may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or signing an investor application or certification in connection with the signature page purchase of the Company's subscription agreementUnits, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managersso designated. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member Initial Manager may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Initial Member. By signing this Agreement or signing an investor application or certification in connection with the signature page purchase of the Company's subscription agreementan Interest, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managersso designated. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the CompanyMaster Fund's subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managers. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyMaster Fund. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the Company's subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managers. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managersfive.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the Company's ’s subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to then serving on the Board of Managers. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than threethree Managers. At and after the Closing Date, all a majority of the Managers shall be Independent Managers.

Board of Managers. (a) The Board shall initially consist of the Initial Managers. Prior to the Closing Date, the Organizational Member Initial Managers may designate such persons additional individuals who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to . The initial Member shall elect each of the election Managers so designated by the Board as of such persons prior to the Closing Date by the Organizational MemberDate. By signing this Agreement or the signature page of the Company's subscription agreementAgreement, a Member admitted on the Closing Date each Investor Fund shall be deemed to have voted for the election of each of the initial Managers to so designated as of the Board of ManagersClosing Date. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (ab) and (bc) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person Person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyFund. The After the Closing Date, the number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent ManagersBoard.

Board of Managers. (a) The Board shall initially consist of the Initial Managing Member. Prior to the Closing Date, the Organizational Initial Managing Member may designate such persons individuals who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the Company's Agreement, a subscription agreement, application or certification in connection with the purchase or acquisition of an Interest, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to so designated as of the Board of ManagersClosing Date. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (ab) and (bc) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person Person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyFund. The After the Closing Date, theThe number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent ManagersBoard.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member Initial Manager may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the CompanyFund's subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to then serving on the Board of Managers. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyFund. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than threethree Managers. At and after the Closing Date, all a majority of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or the signature page of the Company's ’s subscription agreement, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managers. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Company. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member Initial Manager may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational Member. By signing this Agreement or signing an investor application or certification in connection with the signature page purchase of the Company's subscription agreementan Interest, a Member admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managersso designated. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 1.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 2.3 hereof with respect to the election of Managers to the Board of Managers by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyFund. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.

Board of Managers. (a) Prior to the Closing Date, the Organizational Member Initial Manager may designate such persons who shall agree to be bound by all of the terms of this Agreement to serve as the initial Managers on the Board of Managers, subject to the election of such persons prior to the Closing Date by the Organizational MemberInvestor. By signing this Agreement or signing a subscription agreement in connection with the signature page purchase of the Company's subscription agreementan Interest, a Member an Investor admitted on the Closing Date shall be deemed to have voted for the election of each of the initial Managers to the Board of Managersso designated. After the Closing Date, the Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager of and the provisions of Section 3.3 3.4 hereof with respect to the election of Managers to the Board of Managers by MembersInvestors, designate any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the CompanyFund. The number of Managers shall be fixed from time to time by the Board of Managers but, at the Closing Date, shall not be less than three. At and after the Closing Date, all of the Managers shall be Independent Managers.