Common use of Power and Authority of Board Clause in Contracts

Power and Authority of Board. (a) The Company shall be managed by a Board of Managers (the “Board”). The Company shall initially have three (3) managers (each, a “Manager” and, collectively, the “Managers”).

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Rice Energy Inc.), Limited Liability Company Agreement (Rice Energy Inc.), Limited Liability Company Agreement (Rice Energy Inc.)

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Power and Authority of Board. (a) The Company shall be managed by a Board board of Managers managers (the “Board”). The Company shall initially have three (3) consisting of four managers (each, a “Manager” and, and collectively, the “Managers”). Managers need not be Members.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.), Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.), Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.)

Power and Authority of Board. (a) The Company shall be managed by a Board of Managers (the “Board” or “Board of Managers”). The Company shall initially have three (3) managers (each, a “Manager” and, collectively, the “Managers”).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rice Energy Inc.)

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Power and Authority of Board. (a) The ix)The Company shall be managed by a Board board of Managers managers (the “Board”). The Company shall initially have three (3) consisting of four managers (each, a “Manager” and, and collectively, the “Managers”). Managers need not be Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CorEnergy Infrastructure Trust, Inc.)

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