Common use of Substitution of Managers Clause in Contracts

Substitution of Managers. Subject to the provisions of Section 8.2(o)(ii), the Board may designate one or more Managers as alternate members of any committee, who may replace any absent or disqualified member at any meeting of such committee. Subject to the provisions of Section 8.2(o)(ii), in the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not constituting a quorum, may unanimously appoint another member of the Board to act at the meeting in the place of the absent or disqualified member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Laredo Petroleum - Dallas, Inc.), Limited Liability Company Agreement (Laredo Petroleum, Inc.)

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Substitution of Managers. Subject to the provisions of Section 8.2(o)(ii8.2(q)(ii), the Board may designate one or more Managers as alternate members of any committee, who may replace any absent or disqualified member at any meeting of such committee. Subject to the provisions of Section 8.2(o)(ii), in In the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not constituting a quorum, may unanimously appoint another member of the Board to act at the meeting in the place of the absent or disqualified member, subject to the provisions of Section 8.2(q)(ii).

Appears in 1 contract

Samples: Operating Agreement (Kosmos Energy Ltd.)

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Substitution of Managers. Subject to the provisions of Section 8.2(o)(ii8.2(n)(ii), the Board may designate one or more Managers as alternate members of any committee, who may replace any absent or disqualified member at any meeting of such committee. Subject to the provisions of Section 8.2(o)(ii), in the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not constituting a quorum, may unanimously appoint another member of the Board to act at the meeting in the place of the absent or disqualified member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Riviera Resources, Inc.)

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