Number of Total Directors. The number of Directors of the Company shall be a minimum of eight (8) and a maximum of fifteen (15). The Directors may change from time to time the total number of Directors within this variable range by resolution approved by a majority vote of the Directors. The relative ratio of the number of Directors elected pursuant to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a majority of elected Directors.
Number of Total Directors. The total number of initial Directors of the Company shall be a minimum of three (3) and a maximum of thirteen (13). At the first annual or special meeting of the Members following the date on which substantial operations of the Facilities commence, the number of Directors shall be reduced and become fixed at nine (9). The Members may increase or decrease this fixed number of Directors last approved and may change from a fixed number to a variable range or visa versa by majority vote at any annual or special meeting.
Number of Total Directors. The total number of Directors of the Company shall be a minimum of seven (7) and a maximum of Twenty-one (21), subject to the number of Class A Directors and Class B Directors appointed hereunder. The total number of Directors shall depend upon the number of Class B Directors appointed pursuant to Section 5.4 in relation to the required number of Class A Directors necessary to maintain a majority of Class A Directors on the Board. Subject to the election and appointment of the Class A Directors and the appointment of the Class B Directors pursuant to the terms of this Agreement, the Members may increase or decrease the number of Directors last approved and may change from a variable range to a fixed number or visa versa by majority vote at any annual or special meeting. However, the relative ratio of the number of Class A Directors to Class B Directors shall always result in a majority of Class A Directors.
Number of Total Directors. The total number of initial Directors of the Company shall be a minimum of 12 and a maximum of 35. Prior to the expiration of the initial terms of the Directors, the initial Directors, by resolution approved by the majority vote of the initial Directors, shall fix the total number of Directors, which shall be a minimum of 7 and a maximum of 9, that will serve following the first special or annual meeting of the Members following the date on which substantial operations of the Facilities commence. The number of Directors shall be increased by the appointment of additional Directors, if any, pursuant to section 5.3(c) below. At any annual or special meeting, the Members may increase or decrease this fixed number of Directors last approved and may change from a fixed number to a variable range or visa versa by majority vote of the total Membership Voting Interests entitled to vote pursuant to this Agreement. However, the relative ratio of the number of Directors elected pursuant to section 5.3(a) below to Directors appointed pursuant to section 5.3(c) below shall always result in a majority of elected Directors.
Number of Total Directors. The initial number of Directors of the Company shall be seventeen (17). The Directors shall have the authority to reduce the size of the Board of Directors. After any such a reduction, the number of Directors shall be within a range from a minimum of seven (7) Directors and a maximum of thirteen (13) Directors, the exact number of which is to be determined at the discretion of the Board of Directors.
Number of Total Directors. The total number of Directors of the Company shall be fifteen (15) until no more than ninety (90) days after Financial Closing at which time the number of Directors shall be reduced to a minimum of seven (7) and a maximum of thirteen (13), subject to the number of Class A Directors and Class B Directors appointed hereunder. The total number of Directors shall depend upon the number of Class B Directors appointed in relation to the required number of Class A Directors necessary to maintain a majority of Class A Directors on the Board. Subject to the appointment of Class A and Class B Directors pursuant to the terms of this Agreement, the Members may increase or decrease the number of Directors last approved and may change from a variable range to a fixed number or visa versa by majority vote at any annual or special meeting. However, the relative ratio of the number of Class A Directors to Class B Directors shall always result in a majority of Class A Directors.
Number of Total Directors. The total number of Directors of the Company shall be fixed by the Members, provided, that in the event of a vacancy on the Board of Directors, the Board may, but is not be required to, fill the vacancy prior to the next annual meeting of the Members.
Number of Total Directors. (a) The total number of Directors of the Company shall be a minimum of five (5) and a maximum of eleven (11) Directors. The initial Directors, appointed by the initial Members, shall be the individuals set forth on Exhibit “A” attached hereto.
(b) Prior to the date on which the annual meeting of the Members is held in 2011, the Directors shall determine the number of Directors (within the range specified in Section 5.2(a)) that will serve following the 2011 annual meeting of the Members.
(c) The Directors may change the number of Directors from time to time within the variable range, with any such change going into effect at the following annual meeting of the Members at which Directors are elected.
Number of Total Directors. The total number of Directors of the Company shall be a minimum of seven (7) and a maximum of fifteen (15) subject to the number of Directors appointed pursuant to Section 5.3(c). The total number of Directors shall depend upon the number of Directors appointed pursuant to Section 5.3(c) in relation to the required number of elected Directors necessary to maintain a majority of elected Directors on the Board. Subject to the election and appointment of Directors pursuant to the terms of this Operating Agreement, the Members may increase or decrease the number of Directors last approved and may change from a variable range to a fixed number or visa versa by vote at any annual or special meeting. However, the relative ratio of the number of elected Directors to appointed Directors shall always result in a majority of elected Directors.
Number of Total Directors. The number of Directors of the Company shall be a minimum of seven (7) and a maximum of seventeen (17). All Directors will be required to execute a confidentiality agreement in form and substance reasonably satisfactory to the Company with and for the benefit of the Company prior to becoming a Director. At any annual or special meeting, the Class A Members may increase or decrease the number of Directors last approved and may change from a variable range to a fixed number or visa versa by unanimous vote of the Membership Voting Interests held by the Class A Members. In the event that LSCP, LLLP is no longer a Class A Member of the Company, then the Class B Members may increase or decrease the number of Directors last approved and may change from a variable range to a fixed number or visa versa by majority vote of the Membership Voting Interests held by the Class B Members at any annual or special meeting. Notwithstanding any other provision in this Agreement to the contrary, the amendment or repeal of this Section 5.2 or the adoption of any provision inconsistent herewith shall require the unanimous approval of the Membership Voting Interests held by the Class A Members and a majority of the Membership Voting Interests held by the Class B Members.
