Common use of Number; Independent Managers Clause in Contracts

Number; Independent Managers. (a) The number of Managers which will constitute the whole Board will not be less than one nor more than fifteen. The exact number of Managers will be determined by the Member, subject to Section 4.3(b). The current Board consists of four Managers, one of which is an Independent Manager, as follows: Xxxxx X. Xxxxxxxx, as an Independent Manager Xxxxxx X. Xxxxx Xxxxx X. Xxxxxxxxx Xxxxxxx X. Xxxxxxxxx, Xx. (b) The Board will include one Independent Manager, and no action requiring the unanimous consent of the Board may be taken unless the Independent Manager approves such action. Except as provided in Section 4.3(c), any action permitted or required to be taken by the Board may be taken by a simple majority of the Board excluding the Independent Manager.