Designation of Managers. The Managers shall be designated by the Member in writing from time to time. Each Manager shall hold office until his successor shall have been duly designated and shall have qualified or until his death or until his resignation or his removal from office in the manner hereinafter provided. R. Xxxx Xxxx and Xxxxx X. Xxxxxxxxx are named by the Member as the initial Managers of the Company.
Designation of Managers. The Managers shall be Xxxxx X. Xxxxxxxxxx, Xxxxxxx Xxxxxx and Xxxxx Xxxxx. The Chairman shall be Xxxxx X. Xxxxxxxxxx.
Designation of Managers. CCIC Member shall designate all Managers. The initial Managers are set forth on Schedule C. CCIC Member shall promptly give each Member notice of the designation of any new Manager.
Designation of Managers. (i) The Sole Member hereby agrees that the responsibility for managing the business and affairs of the Company shall be delegated to four (4) managers (individually, a “Manager” and collectively, the “Managers”) and hereby consents to the election of Xxxxxx X. Xxxxxx, Xxxxxx X. Xxxxx, Xxxxxx X. Xxxx and Xxxxxxxxxxx Xxxxx as Managers of the Company. Each Manager is individually authorized to act on behalf of the Company.
Designation of Managers. The Member may at any time and from time to time designate one (1) or more Managers to serve on the Management Committee, which Managers shall serve until their successors have been duly designated by the Member or until their earlier death or resignation, or removal, with or without cause, by the Member. Designation of Managers shall not be required at any regular frequency, but, instead, shall occur at such times as the Member shall determine. The Member may also be a Manager and, in the absence of any designation by the Member of any other Managers, shall be deemed to be designated as, and constitute, the sole Manager of the Company. At any time that only one (1) Manager has been designated, or deemed designated, by the Member, then any reference in this Agreement to the Management Committee shall be deemed a reference to such sole Manager and such sole Manager may, subject to all other provisions of this Agreement, manage the business and affairs of the Company without the necessity of calling or conducting any meetings of the Managers or Management Committee as otherwise contemplated in this Article V.
Designation of Managers. The Company shall have seven Managers to be designated by the Members as follows: PHC: 4; AG Presidio Investors, LLC ("Xxxxxx Xxxxxx"): 1; DK Presidio Investors, LLC ("Davidson"): 1; and Stonehill Partners, L.P. ("Stonehill"): 1. The initial Managers shall be: PHC Designees Xxxxx Xxxxxxxx Xxxxx Xxxx Xxxxxxx X. Xxxxxxx W. Xxxxxx Xxxxxxx Xxxxxx Xxxxxx Designee Xxxxxxx X. Xxxxxxx Davidson Designee Xxxxxx X. Xxxxxxx, Xx. Stonehill Designee Xxxx X. Xxxxxxxx Any transferee of a Capital Interest representing at least a majority of the Capital Interest as of the date hereof of any of PHC, Xxxxxx Xxxxxx, Xxxxxxxx or Stonehill and its affiliates, as the case may be, shall succeed to the right of the transferring person to designate Managers as set forth above. The Company or any Manager proposing to convene any meeting of Managers or to take any other action of Managers shall use its good faith reasonable efforts to notify all Managers of the proposed meeting or action a reasonable time in advance. Notice of any action of the Managers taken at a meeting, by written consent or otherwise shall be given promptly to all Managers who did not participate in the meeting, consent or action. Any Manager that is not a PHC designee may convene a meeting of Managers for any purpose relating to the Company; provided that such meetings so convened need not occur more than four times in any year. The Managers shall not be entitled to fees for their services as Managers. The Managers need not be Members.
Designation of Managers. The Company shall have no less than three and no more than six Managers. The Managers of the Company on the Effective Date shall be those individuals named on Exhibit B hereto. Members holding a majority of the Ownership Percentages shall have the power and authority to appoint additional Managers and, upon the resignation or removal of any Manager by act of Members holding a majority of the Ownership Percentages, a substitute Manager. 6.3.
Designation of Managers. The initial Managers of the Company shall be Cary A. Gaan, John W.
Designation of Managers. The Company shall have up to six managers, constituting the Board of Managers, each of whom shall be designated and appointed by Members holding a majority of the outstanding Units of the Company (each, a "Manager"). The Board of Managers on the date hereof shall consist of Xxx X. Xxxxxxxx, Xxxxx X. Xxxxxxxx, Xxx Xxxxxxx, Xxxxxxx Xxxxxxxxxx, J. Xxxx Xxxxxx, and Xxxxxx X. Xxxxxxx. A Manager may be removed at any time from such position by Members holding a majority of the outstanding Units of the Company. Upon the removal or resignation of a Manager, a new Manager may be designated and appointed by such Members.
Designation of Managers. Upon the execution and delivery of this Agreement, (i) the Majority Member shall designate three Managers to the Board of Managers (each such Manager, a “Majority Manager”) and (ii) the Minority Member shall designate two Managers to the Board of Managers (each such Manager, a “Minority Manager”). The Managers, designated in accordance with the foregoing, shall constitute the Board of Managers. Each Member shall be entitled to designate one or more alternative Managers who, in the absence or inability to act of a Manager designated by such Member, may attend and vote at meetings of the Board of Managers on behalf of such Member. A Manager may be designated as the alternate Manager for any other Manager.
