Common use of Designation and Term of Managers Clause in Contracts

Designation and Term of Managers. The Managers shall be designated by the Member, and each Manager shall serve until such Manager’s death, incapacity, resignation, removal, or until the appointment of a successor.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Duke Capital LLC), Limited Liability Company Agreement (Mueller Group, Inc.), Limited Liability Company Agreement (Mueller Water Products, Inc.)

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Designation and Term of Managers. The Managers shall be designated by the Member, and each the names of the initial Managers designated by the Member are set forth on Exhibit A hereto. Each Manager shall serve until such Manager’s death, incapacity, resignation, removal, or until the appointment of a successor.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC)

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