Common use of MANAGEMENT OF THE BUSINESS Clause in Contracts

MANAGEMENT OF THE BUSINESS. Pursuant to Sections 1706.18, 1706.30, 1706.31, and 1706.311 of the Act, the Company’s day to day affairs are managed by the Manager(s). The name and residential address of each Manager is attached as Exhibit 1 of this Agreement. The Manager(s) will be elected, terminated, or replaced by majority vote of the membership interests, as set forth in Exhibit 2 and any amendments, to act as agent of the Company. Manager(s) may be Members or Non-Members. The primary responsibility for the operations of the business, as stated below in Sections 4.06 and 4.09, is vested in the Manager(s). If more than one Manager is elected, then the Members will choose one Manager to serve as the Chief Executive Manager. If a Manager who is also a Member dissociates from the Company, then that dissociated Member also ceases to serve the Company as a Manager. If an individual who serves the Company as both a Manager and Member ceases to serve as manager, that cessation does not, by itself, dissociate the individual as a Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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MANAGEMENT OF THE BUSINESS. Pursuant to Sections 1706.18, 1706.30, 1706.31, and 1706.311 Section 29-3407 of the Act, the Company’s day to day affairs are managed by the Manager(s)Managers. The name and residential address of each Manager is attached as Exhibit 1 of this Agreement. The Manager(s) One Chief Executive Manager will be elected, terminated, or replaced by majority vote of the membership interests, as set forth in Exhibit 2 and any amendments, to act as agent of the Company. Manager(s) may be Members or Non-Members. The Chief Executive Manager has primary responsibility for the operations of the business, as stated below in Sections sections 4.06 and 4.09. Pursuant to Section 29-3407, is vested in the Manager(s). If more than one Manager is elected, then the Members will choose one Manager to serve as the Chief Executive Manager. If if a Manager manager who is also a Member dissociates from the Company, then that dissociated Member also ceases to serve the Company as a Managermanager. If an individual who serves the Company as both a Manager manager and Member ceases to serve as manager, that cessation does not, by itself, dissociate the individual as a Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Sections 1706.18, 1706.30, 1706.31, and 1706.311 Section 23-18-4-1 of the Act, the Company’s day to day affairs are managed by the Manager(s). The name and residential address of each Manager is attached as Exhibit 1 of this Agreement. The Manager(s) will be elected, terminated, or replaced by majority vote of the membership interests, as set forth in Exhibit 2 and any amendments, to act as agent of the Company. Consistent with Section 23-18-4-1 of the Act, Manager(s) may be Members or Non-Members. The primary responsibility for the operations of the business, as stated below in Sections 4.06 and 4.09, is vested in the Manager(s). If more than one Manager is elected, then the Members will choose one Manager to serve as the Chief Executive Manager. If a Manager who is also a Member dissociates from the Company, then that dissociated Member also ceases to serve the Company as a Manager. If an individual who serves the Company as both a Manager and Member ceases to serve as manager, that cessation does not, by itself, dissociate the individual as a Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

MANAGEMENT OF THE BUSINESS. Pursuant to Sections 1706.18, 1706.30, 1706.31, and 1706.311 Section 450.4401 of the Act, Act and the Company’s Articles of Organization, the day to day affairs of the Company are managed by the Manager(s). The name and residential address of each Manager is attached as Exhibit 1 of this Agreement. The Manager(s) will be elected, terminated, or replaced by majority vote of the membership interests, as set forth in Exhibit 2 and any amendments, to act as agent of the Company. Manager(s) may be Members or Nonnon-Members. The primary responsibility for the operations of the business, as stated below in Sections 4.06 and 4.09, is vested in the Manager(s). If more than one Manager is elected, then the Members will choose one Manager to serve as the Chief Executive Manager. If a Manager who is also a Member dissociates from the Company, then that dissociated Member also ceases to serve the Company as a Manager. If an individual who serves the Company as both a Manager and Member ceases to serve as manager, that cessation does not, by itself, dissociate the individual as a Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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MANAGEMENT OF THE BUSINESS. Pursuant to Sections 1706.18, 1706.30, 1706.31, and 1706.311 Section 48-3a-407 of the Act, the Company’s day to day affairs are managed by the Manager(s)Managers. The name and residential address of each Manager is attached as Exhibit 1 of this Agreement. The Manager(s) One Chief Executive Manager will be elected, terminated, or replaced by majority vote of the membership interests, as set forth in Exhibit 2 and any amendments, to act as agent of the Company. Manager(s) may be Members or Non-Members. The Chief Executive Manager has primary responsibility for the operations of the business, as stated below in Sections sections 4.06 and 4.09. Pursuant to Section 48-3a-407, is vested in the Manager(s). If more than one Manager is elected, then the Members will choose one Manager to serve as the Chief Executive Manager. If if a Manager manager who is also a Member dissociates from the Company, then that dissociated Member also ceases to serve the Company as a Managermanager. If an individual who serves the Company as both a Manager manager and Member ceases to serve as manager, that cessation does not, by itself, dissociate the individual as a Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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