Common use of Designation Term Qualifications Clause in Contracts

Designation Term Qualifications. The Directors or the Chairman may, from time to time, designate one or more Persons to be Officers of the Company. The names of the Persons designated as the initial Officers of the Company are set forth in Schedule C, such Persons to serve in such offices until resignation or removal by the Directors. Any Officer so designated shall have such authority and perform such duties as the Directors or the Chairman may, from time to time, delegate to such Person. The Directors and the Chairman may assign titles to particular Officers, and unless the Directors or the Chairman decide otherwise, the assignment of such title shall constitute the delegation to such Officer of the authority and duties that are normally associated with that office, subject to any specific delegation of authority and duties made to such Officer by the Mangers or the Chairman pursuant to this Section 4.1. Each Officer shall hold office for the term for which such Officer is designated and until its successor shall be duly designated and shall qualify or until its death, resignation or removal as provided in this Agreement. Any Person may hold any number of offices. No Officer need be a Director, a Member, a Delaware resident, or a Unites States citizen. Designation of such a Person as an Officer of the Company shall not of itself create any contract rights.

Designation Term Qualifications. The Directors or Chairman of the Chairman Managers may, from time to time, designate one or more Persons to be Officers officers of the Company. The names of the Persons designated as the initial Officers of the Company are set forth in Schedule C, such Persons to serve in such offices until resignation or removal by the DirectorsIssuer. Any Officer officer so designated shall have such authority and perform such duties as the Directors or Chairman of the Chairman Managers may, from time to time, delegate to such Personthem. The Directors and Chairman of the Chairman Managers may assign titles to particular Officersofficers, and and, unless the Directors or Chairman of the Chairman decide Managers decides otherwise, the assignment of such title shall constitute the delegation to such Officer officer of the authority and duties that are normally associated with that office, subject to (i) any specific delegation of authority and duties made to such Officer officer by the Mangers or Chairman of the Chairman Managers pursuant to this Section 4.1, or (ii) any delegation of authority and duties made to the Chairman of the Managers pursuant to Section 3.2. Each Officer officer shall hold office for the term for which such Officer officer is designated and until its successor shall be duly designated and shall qualify or until its death, resignation or removal as provided in this Agreement. Any Person may hold any number of offices. No Officer officer need be a DirectorManager, a Member, a Delaware resident, or a Unites United States citizen. Designation of such a Person as an Officer officer of the Company Issuer shall not of itself create any contract rights.