Common use of Officers of Fund Clause in Contracts

Officers of Fund. (a) The Manager shall appoint a President, one or more Vice Presidents, a Secretary and such other officers and agents of the Fund as the Manager may from time to time consider appropriate, none of who need be a Shareholder. Each officer shall have the powers and duties usually appertaining to a similar officer of any similar limited liability company or alternative entity under the direction of the Manager and shall hold office at the pleasure of the Manager. Unless otherwise specified by the Manager, the President of the Fund shall be its chief executive officer. The same person may hold any two or more offices. Any officer may resign by delivering a written resignation to the Manager and such resignation shall take effect upon delivery or as otherwise specified therein.