Election and Term of Office. The Directors shall be elected by written consent of the Member (except as provided in Section 4.8). Each Director elected shall hold office until his successor shall be chosen by written consent of the Member and shall qualify, or until his death or his resignation or removal in the manner hereinafter provided.
Appears in 21 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (United States Brent Oil Fund, LP), Limited Liability Company Agreement (United States Commodity Index Funds Trust)
Election and Term of Office. The Directors shall be elected by written consent of the Member (except as provided in Section 4.8)Member. Each Director elected shall hold office until his successor shall be chosen by written consent of the Member and shall qualify, or until his death or his resignation or removal in the manner hereinafter provided.
Appears in 11 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (United States Commodity Index Funds Trust), Limited Liability Company Agreement (United States Short Oil Fund, LP)
