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 initial Board will consist of four Managers, at least one of which will be an Independent Manager, and who will be: Xxxxxxx Xxxxx, as an Independent Manager Xxxxxx X. Xxxxx Xxxxx X. Xxxxxx

Appears in 4 contracts

Samples: Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement, Limited Liability Company Agreement (ACAR Leasing Ltd.)

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