Independent Managers. (a) The Company shall have at all times at least two individuals who are Independent Managers. One Independent Manager shall be appointed by the Member and the other Independent Manager shall be appointed by PSCWV in accordance with Section 3.04(e). The Independent Managers may not delegate their duties, authorities or responsibilities hereunder. If any Independent Manager resigns, dies or becomes incapacitated, or such position is otherwise vacant, no action requiring the unanimous affirmative vote of the Managers shall be taken until a successor Independent Manager is appointed by the Member or the PSCWV as applicable and such successor Independent Manager qualifies and approves such action.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MP Environmental Funding LLC), Limited Liability Company Agreement (MP Environmental Funding LLC), Limited Liability Company Agreement (MP Environmental Funding LLC)
