Executive and Other Committees. The Board may designate an executive committee, and such other committees as may be necessary from time to time, each consisting of two or more Managers and with such powers as it may designate, consistent with this Agreement and the Act. Such committees shall hold office at the pleasure of the Board. ARTICLE TEN MEMBER ACCOUNT; DISTRIBUTIONS
Appears in 45 contracts
Samples: Limited Liability Company Agreement (Honda Auto Receivables 2014-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2012-4 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2014-3 Owner Trust)
Executive and Other Committees. The Board may designate an executive committee, and such other committees as may be necessary from time to time, each consisting of two or more Managers members and with such powers as it may designate, consistent with this Agreement and the Act. Such committees shall hold office at the pleasure of the Board. ARTICLE TEN MEMBER ACCOUNT; DISTRIBUTIONS.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Nissan Auto Lease Trust 2013-A), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Lease Trust 2012-A)
Executive and Other Committees. The Board may designate an executive committee, and such other committees as may be necessary from time to time, each consisting of two or more Managers members and with such powers as it may designate, consistent with this Agreement and the Act. Such committees shall hold office at the pleasure of the Board. ARTICLE TEN MEMBER ACCOUNTCAPITAL ACCOUNTS; PROFITS AND LOSSES; DISTRIBUTIONS
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Nissan-Infiniti Lt LLC), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt)
Executive and Other Committees. The Board may designate an executive committee, and such other committees as may be necessary from time to time, each consisting of two or more Managers and with such powers as it may designate, consistent with this Agreement and the Act. Such committees shall hold office at the pleasure of the Board. ARTICLE TEN MEMBER ACCOUNT; DISTRIBUTIONS.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Honda Auto Receivables 2013-4 Owner Trust)
