Common use of Number; Qualification; Tenure Clause in Contracts

Number; Qualification; Tenure. (a) The number of Directors constituting the Board on the date hereof shall initially be seven, and such number may be adjusted from time to time pursuant to a resolution adopted by Members representing a Majority Interest; provided, however, that the number of Directors constituting the Board shall be at least one. A Director need not be a Member. Each Director shall be elected or approved by Members representing a Majority Interest and shall serve as a Director of the Company until his or her successor is duly elected and qualified (or his or her earlier death, resignation or removal from office).

Number; Qualification; Tenure. (a) The number of Directors constituting the Board on the date hereof shall initially be seven, and such number may be adjusted from time to time pursuant to a resolution adopted by Members representing a Majority Interest; provided, however, that the number of Directors constituting the Board shall be at least one. A Director need not be a Member. Each Director shall be elected or approved by Members representing a Majority Interest and shall serve as a Director of the Company until his or her successor is duly elected and qualified (or his or her earlier death, resignation or removal from office).

Number; Qualification; Tenure. (a) The number of Directors directors constituting the Board on shall be between one and nine (each a “Director” and, collectively, the date hereof shall initially be seven“Directors”), and as such number may be adjusted fixed from time to time pursuant to a resolution adopted by Members representing a Majority Interest; provided, however, that the number majority of Directors constituting the Board shall be at least oneDirectors. A Director need not be a Member. Each Director shall be elected or approved by the Class A Members representing a Majority Interest at an annual meeting of the Class A Members and shall serve as a Director of the Company for a term of one year (or their earlier death or removal from office) or until his or her successor is duly their successors are elected and qualified (or his or her earlier death, resignation or removal from office).. The Directors of the Company as of the date hereof are listed on Exhibit B.