INCREASE IN NUMBER OF AUTHORIZED MANAGERS; ELECTION Sample Clauses

INCREASE IN NUMBER OF AUTHORIZED MANAGERS; ELECTION. Within ninety (90) days following the occurrence of Major Event, at the written election of Azteca (the "CONTROL ELECTION"), the authorized number of Managers shall be increased from three to five Managers (the additional two Managers are referred to herein as the "ADDITIONAL MANAGERS"), and following the Control Election and continuing for the remaining term of this Agreement, the management of the LLC shall be vested in five Managers. TAG MEX shall retain the right to elect two Managers, and Azteca shall have the right to elect three Managers. Upon the Control Election, the then-existing Managers shall remain as Managers, and Azteca shall appoint two Persons to serve as the Additional Managers.
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