Composition of Board of Managers. The Initial Member hereby forms the Board of Managers comprised of eight managers (each a "Manager"), of which the initial members shall be:
Composition of Board of Managers. The Board of Managers shall consist of such number of Managers as the Members or the Board of Managers shall determine from time to time. Until such number is changed by the Members or the Board of Managers, the Board of Managers shall consist of two (2) Managers, one of whom shall be designated by RAB Ventures (DFB) LLC (the “RAB Designee”) and one of whom shall be designated by Deerfield Private Design Fund IV, L.P. (the “Deerfield Designee”).
Composition of Board of Managers. (a) From and after the Delegation, unless changed in accordance with this Section 6.2, the number of individuals comprising the entire Board of Managers of the Partnership shall be seven (7). The EnCap Partners and their Permitted Transferees shall have the right to appoint four (4) representatives to the Board of Managers (each such Manager, an “EnCap Manager”). The Management Entities shall have the right to appoint three (3) representatives to the Board of Managers (each such Manager, a “Management Manager”). The initial designees to the Board, as prescribed by the foregoing provisions of this Section 6.2(a), are set forth in Exhibit 6.2(a). Commencing after the Delegation, the Board of Managers of the Partnership shall be comprised of such persons and designees, each of whom shall serve until his successor is duly selected in accordance with this Agreement and qualified or until such individual’s death, resignation or removal. In the event that a vote of the Partners is required to appoint a Manager of the Partnership, each Partner agrees to vote for the Managers designated in accordance with this Section 6.2.
Composition of Board of Managers. (a) The Board of Managers shall consist of nine (9) individuals designated and appointed from time to time as provided in this Section 3.2. Blue Bar Holdings and any transferee of more than 50% of Blue Bar Holdings' Units in the Company shall be entitled to designate and appoint six (6) Managing Directors and to remove and replace such individuals at any time and from time to time, with or without cause. The USWA shall be entitled to designate and appoint one (1) Managing Director and to remove and replace such individual at any time and from time to time, with or without cause. The individual that is serving as the duly appointed Chief Executive Officer shall also serve as a Managing Director for so long as he or she serves as the Chief Executive Officer or until removed by the Board of Managers, with or without cause, or until his or her resignation or death. The Board of Managers shall from time to time designate a duly appointed officer of the Company or Republic in addition to the Chief Executive Officer to serve as a Managing Director, and such officer shall serve as a Managing Director until removed by the Board of Managers, with or without cause, or until his or her resignation or death. The initial Managing Directors shall be those individuals set forth on Exhibit A attached hereto.
Composition of Board of Managers. The Board of Managers shall initially consist of two (2) individuals, both of which shall be the Mangers, and each of whom shall be elected from time to time by the holders of Series A Units. The initial Managersunder this Agreement shall be Xxxx Xxxxxxxxxx and Xxxxxx Xxxxxx.
Composition of Board of Managers. (i) The number of Managers constituting the Board of Managers shall be, at all times, five (5). Initially, the Board of Managers shall be comprised as follows:
Composition of Board of Managers. The Board of Managers shall -------------------------------- consist of no more than six (6) representatives appointed by the Members. Patina and Galesi each shall appoint up to three (3) Managers to the Board of Managers. Additional Members shall only have the right to appoint Managers to the Board of Managers if, at the time such Additional Members join the Company, the existing Members agree by a Majority to allow the Additional Member representation on the Board of Managers. For purposes hereof, the Board of Managers appointed under this Operating Agreement shall consist of the following Persons: Galesi Board of Managers Appointees: Xxxxxxxxx Xxxxxx Xxxxxx X. Xxxxxx Xxxxx X. Xxxxxx
Composition of Board of Managers. (a) The Board of Managers of the Company ("Board of Managers") will consist of three individuals. The initial members of the Board of Managers will be three persons specified in the Confirmation Order as having been designated as such jointly by Nybor Limited Partnership and Nevar LLC (collectively, the "Majority Noteholder"), each of whom will hold office for an indefinite term commencing on the Effective Date. In the event of any vacancy created by the death or resignation of a member, the Majority Noteholder shall designate a successor to fill such vacancy; provided, however, that if the Majority Noteholder then owns less than twenty percent (20%) of the outstanding Class A Membership Units, the remaining members of the Board of Managers shall designate such
