Common use of Independent Managers Clause in Contracts

Independent Managers. As required by the Certificate of Organization, the Board of Managers includes and will include at least one "Independent Manager" (as that term is defined in the Certificate of Organization).

Appears in 3 contracts

Sources: Receivables Purchase Agreement (Land O Lakes Inc), Receivables Purchase Agreement (Land O Lakes Inc), Purchase and Sale Agreement (Land O Lakes Inc)

Independent Managers. As required by the Certificate of Organization, the Board of Managers includes and will include at least one "β€œIndependent Manager" ” (as that term is defined in the Certificate of Organization).

Appears in 1 contract

Sources: Receivables Purchase Agreement (Land O Lakes Inc)