Common Managers Sample Clauses

Common Managers. Three Managers (the “Common Managers”) shall be appointed, and may be removed, by a Majority of Common Members. Each Founder shall have the right to serve as a Common Manager for such time as he continues to own beneficially greater than 12% of the outstanding Common Units; provided, that as long as the Founders collectively own beneficially at least 10% of the aggregate Units they shall have the right to continue to appoint one Common Manager who shall be the Founder owning beneficially the greatest number of Common Units.