Common use of Management of Operating Companies Clause in Contracts

Management of Operating Companies. Each Operating Company shall be governed by a board of trustees, board of directors, board of managers or similar governing body whose membership includes all of the members of the Management Board. The day to day operations of each Operating Company shall be managed by a management team which is headed by the President and which includes the other members of the Management Team. The Constituent Documents of each Operating Company, together with any other agreements that may be entered into in connection with the organization of such Operating Company, shall provide (i) the governing body thereof with oversight and approval rights with respect to the business and affairs of such Operating Company which are comparable to the oversight and approval rights which this Agreement provides to the Management Board with respect to the business and affairs of the Partnership, and (ii) SLR Designees with rights to participate in the management of such Operating Company which are comparable to the rights which this Agreement provides to SLR Designees to participate in the management of the Partnership. The General Partner shall, or shall cause the Partnership to, take such actions as may be permitted or required under the terms of the Constituent Documents of each Operating Company, and under the terms of any agreement entered into by the Partnership or the General Partner in connection with the organization of such Operating Company, to ensure that the requirements of this Section 5.10 are met with respect to each Operating Company.

Management of Operating Companies. Each Operating Company shall be governed by a board of trustees, board of directors, board of managers or similar governing body whose membership includes all of the members of the Management Board. The day to day operations of each Operating Company shall be managed by a management team which is headed by the President and which includes the other members of the Management Team. The Constituent Documents of each Operating Company, together with any other agreements that may be entered into in connection with the organization of such Operating Company, shall provide (i) the governing body thereof with oversight and approval rights with respect to the business and affairs of such Operating Company which are comparable to the oversight and approval rights which this Agreement provides to the Management Board with respect to the business and affairs of the Partnership, and (ii) SLR Designees with rights to participate in the management of such Operating Company which are comparable to the rights which this Agreement provides to SLR Designees to participate in the management of the Partnership. The Managing General Partner shall, or shall cause the Partnership to, take such actions as may be permitted or required under the terms of the Constituent Documents of each Operating Company, and under the terms of any agreement entered into by the Partnership or the Managing General Partner in connection with the organization of such Operating Company, to ensure that the requirements of this Section 5.10 are met with respect to each Operating Company.

Management of Operating Companies. Each Trust and any other Operating Company having a separate governing body shall be governed by a board of trustees, board of directors, board of managers trustees or similar governing body whose membership includes all of the members of the Management Board. The day to day operations of each Each Trust, and any other Operating Company having its own officers or persons with similar functions, shall be managed by have a management team slate of officers which is headed by the President and which includes the whose other members are members of the Management Team. The Constituent Documents or other organizational documents of each Operating CompanyTrust, together with and of any other agreements that may be entered into in connection with the organization of such Operating CompanyCompany having a separate governing body, shall provide (i) the governing body thereof with oversight and approval rights with respect to the business and affairs of such Operating Company which are comparable to the oversight and approval rights which this Agreement provides to the Management Board with respect to the business and affairs of the Partnership, and (ii) SLR Designees with rights to participate in the management of such Operating Company which are comparable to the rights which this Agreement provides to SLR Designees to participate in the management of the Partnership. The Managing General Partner shall, or shall cause the Partnership to, take such actions as may be permitted or required under the terms of the Constituent Documents of each Operating Company, and under the terms of any agreement entered into by the Partnership or the Managing General Partner in connection with the organization of such Operating Company, to ensure that the requirements of this Section 5.10 are met with respect to each Operating Company.

Management of Operating Companies. Each Operating Company shall be governed by a board of trustees, board of directors, board of managers or similar governing body whose membership includes all of the members of the Management Board. The day to day operations of each Operating Company shall be managed by a management team which is headed by the President and which includes the other members of the Management Team. The Constituent Documents of each Operating Company, together with any other agreements that may be entered into in connection with the organization of such Operating Company, shall provide (i) the governing body thereof with oversight and approval rights with respect to the business and affairs of such Operating Company which are comparable to the oversight and approval rights which this Agreement provides to the Management Board with 41 respect to the business and affairs of the Partnership, and (ii) SLR Designees with rights to participate in the management of such Operating Company which are comparable to the rights which this Agreement provides to SLR Designees to participate in the management of the Partnership. The General Partner shall, or shall cause the Partnership to, take such actions as may be permitted or required under the terms of the Constituent Documents of each Operating Company, and under the terms of any agreement entered into by the Partnership or the General Partner in connection with the organization of such Operating Company, to ensure that the requirements of this Section 5.10 are met with respect to each Operating Company.