Common use of Number and Tenure Clause in Contracts

Number and Tenure. There shall be such number of Managers, no fewer than one, as from time to time shall be appointed or otherwise fixed by the Member(s). Each Manager appointed shall hold office until his or her successor is appointed and qualified or until his or her earlier resignation or removal. Managers need not be members of the Company.

Appears in 5 contracts

Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.), Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)

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Number and Tenure. There shall be such number of Managers, no fewer than oneone (1), as from time to time shall be appointed or otherwise fixed by the Member(s). Each Manager appointed shall hold office until his or her successor is appointed and qualified or until his or her earlier resignation or removal. Managers need not be members of the Company.

Appears in 3 contracts

Samples: Operating Agreement (RQI Holdings, LLC), Operating Agreement (RQI Holdings, LLC), Operating Agreement (RQI Holdings, LLC)

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