Common use of Directors need not be Members Clause in Contracts

Directors need not be Members. The Board of Directors may, from time to time and by the adoption of resolutions, establish qualifications for Directors.

Appears in 19 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

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Directors need not be Members. The Board of Directors may, from time to time time, and by the adoption of resolutions, establish qualifications for Directors.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC)

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Directors need not be Members. The Board of Directors may, from time to time time, and by the adoption of resolutions, establish qualifications for Directors. Directors may include Persons who may or may not be Affiliates, Officers or employees of the Company, a Member, or an affiliate thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Welltower OP LLC)

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