Officers and Authorized Persons. (a) The Manager may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Manager. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Manager at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.2. Any number of offices may be held by the same individual.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Limited Liability Company Operating Agreement (Consolidated Tomoka Land Co)
Officers and Authorized Persons. (a) The Manager may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Manager. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Manager at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.24.3. Any number of offices may be held by the same individual.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Parking Management Agreement
Officers and Authorized Persons. (a) The Manager Managing Member may designate one or more individuals Persons as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the ManagerManaging Member. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Manager Managing Member at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.2. Any number of offices may be held by the same individualPerson.
Appears in 1 contract
Samples: Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Officers and Authorized Persons. (a) The Manager may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Manager. Any Subject to Section 4.5(c), any such officer or agent (an “Authorized Person”) may be removed only by the decision of the Manager at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.24.5. Any number of offices may be held by the same individual.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hc2 Holdings, Inc.)
Officers and Authorized Persons. (a) The Manager may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Manager. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Manager at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.24.4. Any number of offices may be held by the same individual.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.)
