Rights and Duties of the Manager. (a) The Company shall be a manager-managed limited liability company as set forth in Section 401 and Section 101 of the Delaware Act, and as otherwise provided in the Delaware Act. The initial manager of the Company shall be iCap Vault Management, LLC (the “Manager”).
Appears in 10 contracts
Samples: Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC), Limited Liability Company Operating Agreement (Vault Holding 1, LLC)
Rights and Duties of the Manager. (a) The Company shall be a manager-managed limited liability company as set forth in Section 401 and Section 101 of the Delaware Act, and as otherwise provided in the Delaware Act. The initial manager of the Company shall be iCap Vault ManagementMasterworks Administrative Services, LLC (the “Manager”).
Appears in 4 contracts
Samples: Limited Liability (Masterworks 001, LLC), Limited Liability (Masterworks 001, LLC), Limited Liability (Masterworks 001, LLC)
