Sole Managing Member Sample Clauses
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Sole Managing Member. If for any reason (including a redemption by or the occurrence of a Management Event with respect to a Managing Member) there shall cease to be at least two Managing Members or one of the Managing Members shall cease to be entitled to vote its Member Interests, then the Directors appointed by such Managing Member shall be deemed to have resigned from the Board, the other Managing Member shall be deemed to be the sole Managing Member, and the notice and quorum requirements of this Section 3.3 shall be deemed amended so as to permit the Directors appointed by such sole Managing Member to act as the duly constituted Board of the Company.
Sole Managing Member. (a) The PLC is hereby appointed the sole managing member of the LLP (the “Managing Member”) having the authority and duties set forth in this Agreement.
(b) The Managing Member and Delphi Automotive Holdings Limited shall each be designated as a Designated Member.
(c) The Managing Member shall hold office until its dissolution, resignation or removal by the consent of the Majority Class B Holders.
(d) The Managing Member may resign at any time by giving written notice to the LLP and the Chief Executive Officer. The resignation of the Managing Member shall take effect upon receipt of notice thereof, or at such later time as shall be specified in such notice, and the appointment of a replacement Managing Member by the Majority Class B Holders.
Sole Managing Member. At the Effective Time, Sunnova Energy Corporation, the managing member of Merger Sub, shall be the sole managing member of the Surviving Entity.
Sole Managing Member. The sole managing member of Merger Sub immediately prior to the Effective Time shall remain the sole managing member of the Surviving Entity from and after the Effective Time.