Common use of Initial Board of Governors Clause in Contracts

Initial Board of Governors. Governors shall be elected or appointed by the Members at the times, in the manner and for the terms as prescribed by this Agreement. The initial Governors of the Company comprising the initial Board, who shall serve for such terms and in such manner as prescribed by this Agreement, are the following persons: Xxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxx Xxxxxx X. XxXxxxx Xxxxx X. Xxxxxxxxxx Xxxx Xxxxxxx Xxxxx X. Xxxx Xxxxxx Xxxx Xxxxxxx Xxxxxxx and such other eligible natural persons designated as an initial Governor by the initial Board. The number of initial Governors serving the Company shall be established by the initial Board, provided that the number of initial Governors shall not be less than seven (7) nor more than thirteen (13).

Initial Board of Governors. Governors shall be elected or appointed by the Members at the times, in the manner and for the terms as prescribed by this Agreement. The initial Governors of the Company comprising the initial Board, who shall serve for such terms and in such manner as prescribed by this Agreement, are the following persons: Xxxxxx X. Xxxxxxxx Xxxxxxx X. Xxxxxxxx Xxxxxxx Xxxxxxx X. Xxxxxxx Xxxxxxxx Xxxxxx X. XxXxxxx Xxxxx X. Xxxxxxxxxx Xxxx Xxxxxxx Xxxxx X. Xxxx Xxxxxxx Xxxxxxx Xxxx Xxxxxxx Xxxxxx Xxxx Xxxxxxx Xxxxxxx and such other eligible natural persons designated as an initial Governor by the initial Board. The number of initial Governors serving the Company shall be established by the initial Board, provided that the number of initial Governors shall not be less than seven (7) nor more than thirteen (13).