Common use of Initial Manager Clause in Contracts

Initial Manager. The initial Manager shall be Xxxx Xxxxxxxx. The Member shall have the right to take action pursuant to Section 6.1 or Section 6.2 to designate one or more Managers and to remove, replace or fill any vacancy occurring for any reason of any Manager.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Restoration Bond Company, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC)

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Initial Manager. The initial Manager shall be Xxxx Xxxxxxxx. The Member shall have the right to take action pursuant to Section 6.1 or Section 6.2 to designate one or more Managers and to remove, replace or fill any vacancy occurring for any reason of any Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO II, LLC)

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Initial Manager. The initial Manager shall be Xxxx Xxxxxxxx. The Member Members shall have the right to take action pursuant to Section 6.1 a meeting of the Members or Section 6.2 unanimous written consent of the Members to designate one or more Managers and to remove, replace or fill any vacancy occurring for any reason of any Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC)

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