Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall be appointed by the Beneficial Owner.
Appears in 12 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2002-4), Trust Agreement (Mmca Auto Owner Trust 2001-1), Trust Agreement (Mmca Auto Owner Trust 2002-5)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall be appointed by the Beneficial OwnerMember.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Efcar, LLC), Limited Liability Company Agreement (Ford Credit Floorplan LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember having the right to so appoint such Manager pursuant to Section 4.3 hereof.
Appears in 8 contracts
Samples: Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC), Operating Agreement (Claymore MACROshares Oil Up Holding Trust)
Filling of Vacancies. In the case of For any increase in the number of Managers, or of any a vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember.
Appears in 8 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (CAB East LLC)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of ManagersBoard, the Member will appoint the additional Manager shall be appointed by the Beneficial Owneror Managers.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (Daimler Trucks Retail Receivables LLC), Limited Liability Company Agreement (California Republic Funding LLC)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember.
Appears in 1 contract
Samples: Operating Agreement (MACRO Securities Depositor, LLC)
