Designation of Manager. The sole Member hereby confirms the designation of the Person specified as the Manager in the first paragraph of this Agreement as the Manager. By execution of this Agreement, such Person hereby accepts such designation.
Designation of Manager. 16 5.3.Power and Authority of the Manager.16 5.4.Limitations on Authority of the Manager.17 5.5.Limitation on Authority of Members.19 5.6.Duties, Obligations and Liability of Manager.19 5.7.Resignation or Removal of Manager.20 5.8.Filling Vacancy in Manager Position.21 5.9.Officers.21 5.10.Compensation and Reimbursement.21 5.11.Transactions with Affiliates.22 5.12.Approval or Ratification by Members.22 5.00.Xxxxxxxx Plan.22 5.14.Right to Rely on Manager.23 5.15.Indemnification.23
Designation of Manager. 9.1 For the purpose of conducting the business and affairs of the limited liability company, ^, an Illinois corporation, shall act as manager until the first annual meeting of the members or until its successor is elected and qualifies. The address of the manager is as follows: ^, llinois ^, Attention: ^.
9.2 The manager of the limited liability company shall be elected annually at a meeting of the members or by other action of the members to be held or taken on each annual anniversary of the date of these Articles, or as soon thereafter as such meeting or action can be held or taken. Such person who receives the approval of those members who own an aggregate of more than fifty percent (50%) of the total percentage interests of all members of the limited liability company shall be elected manager, and the Articles of Organization shall be amended to any extent required under the Act. The number of managers may be increased or decreased as determined also by the consent of those members whose respective percentage interests in the limited liability company in the aggregate exceed fifty percent (50%) of the total percentage interests of all members of the limited liability company.
9.3 Whenever the consent or approval of the members is referred to in these Articles, the consent or approval by sufficient members authorized to make such a decision shall be effective whether votes are cast at a meeting of members (and whether or not all of the members are in attendance at such meeting), or by formal or informal, oral or written instructions of such members, or otherwise, and such determination so made by the members shall be effective and legally binding upon all the members, regardless of the number of members who may actually vote or otherwise participate therein.
Designation of Manager. Any designation of an Equity Holder will be conditioned on the appointment by RPI 49, after consulting with RAIT of a "Property Manager" who will manage the Property and make all payments in accordance herewith and with the Purchase Money Financing. It is expressly agreed that RAIT may not, in any manner whatsoever, interfere with, delay or otherwise impair Purchase Money Lender's rights to require appointment (or replacement) of a Property Manager. As long as the Purchase Money Financing shall be outstanding, the Property Manager shall be irrevocably instructed to make all payments due thereon to the Purchase Money Lender prior to making any payments to RAIT or RPI 49.
Designation of Manager. BSH RE Hold LLC, an Ohio limited liability company, shall be the initial Manager of the Company, to serve throughout the term of existence of the Company, unless it dissolves, resigns or is removed pursuant to Section 5.7(b) hereof, in which event a successor Manager shall be elected by Rxxxx in accordance with Section 5.8 hereof.
Designation of Manager. Exxxxx shall be the initial Manager of the Company, to serve throughout the term of existence of the Company, unless the Company dissolves, or the Manager resigns or is removed pursuant to Section 5.7(b) hereof, in which event a successor Manager shall be elected by the Members in accordance with Section 5.8 hereof.
Designation of Manager. In consideration of the credit to be extended to Blackhawk Biofuels as outlined above, and in consideration of the management and operational services to be provided hereunder by REG Services, during the term of the Agreement and including any extensions or renewals thereof, REG Services shall have the right to designate one (1) member of Blackhawk Biofuels’ Board of Managers with full voting rights as provided for under Blackhawk Biofuels’ Amended and Restated Limited Liability Company Agreement (“LLC Agreement”), REG Services to have such further rights to remove such designee, and to designate successor(s) thereto for such period of time. Blackhawk Biofuels agrees to place REG Services’ designee upon the Board of Managers upon closing of the Purchase Agreement.
Designation of Manager. Kxxxxxx-Franklinton Holdings 2, LLC, an Ohio limited liability company, shall be the initial Manager of the Company, to serve throughout the term of existence of the Company, unless it dissolves, resigns or is removed pursuant to Section 5.7(b) hereof, in which event a successor Manager shall be elected by a Majority-in-Interest of the Members in accordance with Section 5.8 hereof.
Designation of Manager. Provider will designate a manager in charge of the Services on a continuous basis with responsibility for providing adequate supervision or direction and having authority to take all action that may be required in performance of the Services.
Designation of Manager. Seller shall cause the Company to designate Purchaser or any other such entity as Purchaser shall identify as the Company's manager for all alcohol and tobacco related permits pending the transfer of such permits to Purchaser.
